Black market dollar to naira exchange rate for Friday, Feb 11, 2022

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Dollar to Naira Black Market Exchange Rate Today , Black Market Dollar To Naira Exchange Rate Today Naira to Dollar

This page contains the latest Naija news on the black market exchange rate and the official exchange today, Friday, February 11th, 2022.

 

Read Ejes Gist News latest updates  on Black Market Dollar to naira exchange rate today, Bureau De Change (BDC) rates, as well as the official dollar rates  and CBN rates.


This page covers the following Questions

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How Much is Dollar to Naira Official Exchange Rate Today?

The official rate today, Friday, February 11th 2022,1 United States Dollar equals 417.00 Nigerian Naira. 

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦417.00/$1 on Friday 11th , after it closed at ₦416.67 to $1 on Thursday,  February 10th,  2022.

Convert US Dollar to Nigerian Naira.

How much is 1$ to a Naira?

1 USD 416.999 NGN
5 USD 2,084.99 NGN
10 USD 4,169.99 NGN
25 USD 10,425 NGN
50 USD 20,849.9 NGN
100 USD 41,699.9 NGN
500 USD 208,499 NGN
1,000 USD 416,999 NGN

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The black market  at Lagos Parallel Market (Black Market) players buy a dollar for ₦565 and sell at ₦N570 on Friday, February 11th 2022, according to data obtained from Bureau De Change (BDC).

Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 565
Selling Rate N570

 

Please be aware that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), and has advised individuals interested in trading in foreign exchange to contact their respective banks.

Trading at the official NAFEX window

The exchange rate between the Nigerian Currency and the US dollar opened at ₦415.77/$1 on 10th February 2022 and closed at ₦416.67/$1. Showing a change of 0.78%.

Spot rate: The dollar sold to the naira as high as ₦435.00 and as low as ₦432.00.

Important Note : Please note that the exchange rate changes hourly. It depends on the volume of dollars available and the demand. What it means is that you can buy or sell 1 dollar at 435 and the price can change (high or low) within hours.

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Nigeria’s financial recovery is still a long way off, as the Organization of Petroleum Exporting Countries (OPEC) has relegated the country to the ranks of underperforming producers.

Nigeria’s oil output in January 2022 is estimated to be 1.399 million barrels per day (mb/d) by OPEC, according to its latest report released on Thursday.

The nation’s latest output, excluding Condensate, revealed a 302,000 barrels per day under-production compared to its OPEC quota of 1.701 million barrels per day.

The data from the OPEC February 2022 Monthly Oil Market Report, MOMR, revealed that the country loses about N11.7 billion daily and N330 billion monthly at the current $93 per barrel and official exchange rate of N416.67 to a US dollar.

  • Black Market Dollar To Naira Exchange Rate

Related Questions:

Friday February 10th, 2022? .

The is ₦417.00/$

Friday February 10th, 2022?

According to data obtained by to Ejes Gist News 1000 dollars in is ₦417,000.00/$

today  Friday February 10th, 2022?

1 dollar in naira is ₦417.00/$ according to data obtained from I & E window.

for today Friday February 10th, 2022?

100 dollars in naira is ₦41,700.00/$ this according to data obtained by correspondent.

Latest Dollar To Naira Exchange Rate

Latest Dollar To Naira Exchange Rate

That’s all the latest news on in Nigeria. Always visit this website for daily Dollar to Naira Exchange Rate.

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