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Home Business & Brands

Dollar To Naira Today Black Market Exchange Rate October 7, 2021

byeditor
October 7, 2021
in Business & Brands
Reading Time: 3 mins read
Dollar to Naira Exchange Rate
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Dollar to Naira today black market exchange rate October 7, 2021 has been obtained.

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

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

October 7 dollar to naira official exchange rate: $1 dollar to naira = N414.20

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 N414.20 per dollar on Thursday, 7 October 2021, after it closed at N414.73 per $1 on Wednesday, 6 October 2021. This represents a change of -0.03%.

 

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 7, 2021 (BLACK MARKET): dollar to naira today black market exchange rate

October 7 dollar to naira black market exchange rate: $1 dollar to naira = N574

Dollar to Naira exchange rate today

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N574.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 7 October 2021, in Lagos Nigeria after it closed N565.00 per $1 on Wednesday, 6 October 2021. This represents a change of $9 from the previous day.

Newsone Nigeria reports that the black market, the players buy a dollar for N565 and sell for N574 on Thursday morning, October 7, 2021. after they bought N560 and sold N565 the previous day. This means the dollar to naira exchange rate changed its position from the previous day with $9.

Meanwhile, Glamtushreports that the USD started this week at ₦578 in Parallel Market also known as Black Market on Monday, October 4, 2021 in Lagos Nigeria.

 

 

Disclaimer: GLAMTUSHdoes not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

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