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

Check out the Latest Naija News  on black market and the official exchange today Tuesday, February 8th, 2022 can be found here on Ejes Gist News


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

This page covers the following Questions

How Much is Dollar to Naira Official Exchange Rate Today?

The official rate today, Tuesday, February 8th 2022,1 United States Dollar equals 415.50 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 ₦415.50/$1 on Tuesday 8th, after it closed at ₦416.50 to $1 on Monday,  February 7th,  2022.

Convert US Dollar to Nigerian Naira.

How much is 1$ to a Naira?

5 USD 2,077.43 NGN
10 USD 4,154.86 NGN
25 USD 10,387.2 NGN
50 USD 20,774.3 NGN
100 USD 41,548.6 NGN
500 USD 207,743 NGN
1,000 USD 415,486 NGN


The black market dollar to naira exchange rate at Lagos Parallel Market (Black Market) players buy a dollar for ₦560 and sell at ₦565 on Tuesday, February 8th 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 560
Selling Rate 565


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.

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.

Also Read:  CBN Slashes Bank Charges: See Full List Of CBN New Bank Charges 2022

Trading at the official NAFEX window

The exchange rate between the Nigerian Currency and the US dollar opened at ₦415.42/$1 on 7th February 2022 and closed at ₦416.50/$1. Showing a change of 0.78%.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦420.00


Meanwhile, Following a 0.16 percent drop in equity capitalisation after eight hours of trading on Monday, investors on the Nigerian capital market lost N40 billion.

As the bears dragged the stock market down, the equity capitalisation fell from N25.47 trillion to N25.43 trillion.

A bear investor is one who is pessimistic about the markets and believes that prices will fall in the near to medium term.

The All-Share Index fell 76.53 basis points to 47,203.39, down from 47,279.92 the previous Friday.

On Monday, investors traded a total of 285.47 million shares worth N5.12 billion in 5,342 transactions.


The 225.68 million shares worth N2.38 billion that changed hands in 4,093 transactions last week were traded today.

Current  black market dollar to naira exchange rate 

Sunu Assurance topped the gainers’ table after its stock rose 10% from N0.30kobo per share to N0.33kobo per share.

The value of SCOA’s stock increased by 7.14 percent to N1.37kobo per share, up from N1.25kobo per share.

RT Briscoe’s stock rose 7.14 percent to N0.30kobo per share, up from N0.28kobo.

The value of Prestige’s stock increased by 7.14 percent, from N0.42kobo to N0.45kobo per share.

Japaul Gold climbed 5.41 percent to N0.39kobo per share, up from N0.37kobo.

Okomu Oil was the biggest loser, with its share price dropping N14.20kobo to close at N127.80kobo, down from N142 per share last week.

Update on latest black market dollar to naira exchange rate 

After losing N0.32kobo during trading, NEM’s share price fell from N3.33kobo to N3.01 per share.

Guinea Insurance fell 9.09 percent to N0.20kobo per share, down from N0.22kobo.

Pharmdeko dropped N0.17kobo to N1.81kobo per share, down from N1.98kobo.

Oando rounded out the top five after losing N0.41kobo in market value, dropping from N5.16kobo to N4.75kobo per share.

With 44.92 million shares worth N1.23 billion, GTCO led the day’s trading.

Transcorp exchanged N27.49 million for 23.59 million.


With 23.21 million shares valued at N66.40 million, Fidelity Bank came in second.


Nigerian Breweries sold 18.17 million shares valued at N872.53 million, while First Bank sold 13.46 million worth N149.38 million.


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  • Black Market Dollar To Naira Exchange Rate


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Related Questions:

How much is Tuesday February 7th, 2022? .

The dollar to naira today is ₦415.50/$

Tuesday February 7th, 2022?

According to data obtained by to Ejes Gist News 1000 dollars in is ₦416,700.00/$

today  Tuesday February 7th, 2022?

1 dollar in naira is ₦415.50/$ according to data obtained from I & E window.

for today Tuesday February 7th, 2022?

100 dollars in naira is ₦41,670.00/$ this according to data obtained by correspondent.

Latest Dollar To Naira Exchange Rate

Latest Dollar To Naira Exchange Rate

That’s  Black Market in Nigeria. Always visit this website for daily USD to Naira Exchange Rate

Latest Black Market Dollar To Naira Exchange Rate 

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