Dollar To Naira Exchange Rate Today 21 October 2022(Black Market)

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦750 and the price can change (high or low) within hours.

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	746
Selling Rate	750

The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Friday, 21 October 2022, in Lagos Nigeria, after it closed at N747.00 per $1 on Thursday, 20 October 2022.

Even though the dollar to naira opened in the parallel market at ₦750 per $1 today, NEWS RAIN NIGERIA reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

NEWS RAIN NIGERIA reports that in the black market, the players buy a dollar for N747 and sell for N750 on Friday, 21 October 2022, after they bought N745 and sold for N747 on Thursday, 20 October 2022.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦745 in Parallel Market also known as Black Market on Monday, October 17, 2022, in Lagos Nigeria, after it opened at  ₦734 last week Monday, October 10, 2022.