October 14, Current Dollar To Naira Exchange Rate (Black Market Rate)

Fastnews Nigeria brings to you the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

October 14 dollar to naira official exchange rate: $1 dollar to naira = N413.50

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at N415.10 dollar on Thursday, 14 October 2021, after it closed at N414.30 per $1 on Wednesday, 13 October 2021. This represents a change of -0.06%.

How much is exchange rate of Dollar to Naira in Black Market today?

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

LAGOS PARALLEL MARKET RATES October 14, 2021 (BLACK MARKET)

October 14 dollar to naira black market exchange rate: $1 dollar to naira = N575

The current exchange rate between the US dollar and the Nigerian naira

The local currency began trading on the parallelmarket, also known as the black market, in Lagos, Nigeria, today, Thursday, October 14, 2021, at N575.00 per $1, after closing at N575.00 per $1 on Wednesday, October 13, 2021.

This is a $0 difference from the day before. This means that the dollar-to-naira exchange rate hasn’t changed from the previous day.

The dollar to naira exchange rate has remained constant at N570-575 per $1 since Monday, October 11.

Despite the fact that the dollar to naira exchange rate started in the parallel market at 575 for $1 today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, popularly known as the black market.

As a result, the central bank has advised anyone in need of cash to contact their bank, emphasizing that the I&E window is the only known exchange.

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