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  • Black Market Dollar To Naira Exchange Rate Today February 5, 2022

Black Market Dollar To Naira Exchange Rate Today February 5, 2022

By on February 5, 2022 0

The black market dollar to naira exchange rate for February 5, 2022 can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes every hour.…it depends on the volume of dollars available and on demand. What this means is… you can buy or sell 1 dollar at ₦570 and the price can change (up or down) within hours.

February 5 official market exchange rate from dollar to naira: 1 dollar to naira = ₦ 415.50

How much is the dollar to naira exchange rate today?

The exchange rate between the Naira and US dollar according to the data displayed on the FMDQ security scholarship or forex is officially traded showed that the naira was opening up to ₦415.51 per dollar on Saturday, February 5, 2022after that closed at ₦416.33 for $1 on Friday, February 4, 2022. This represents a variation of 0.06%.

What is the dollar to naira exchange rate on the black market today?


The Nigerian parallel market (current black market dollar exchange rate) against the Nigerian naira is as follows: for the Lagos market (noir Marlet).

LAGOS PARALLEL MARKET RATE 5 Feb 2022 (BLACK MARKET): exchange rate from dollar to naira today black market

Black Market Dollar To Naira Exchange Rate Today February 5, 2022

Black market exchange rate of dollar to naira for February 5: 1 dollar to naira = ₦570

Lagos Parallel Market (Dollar exchange rate on the black market today)

The local currency opened at N570.00 for $1 on the parallel market

otherwise known as black market, today, Saturday, February 5, 2022in Lagos, Nigeria after that closed N570.00 for $1 on Friday February 4, 2022.

Even if the dollar to naira opened in the parallel market at ₦570 for $1 today, newsone reports that the The Central Bank of Nigeria (CBN) does not recognize the parallel marketotherwise known as black market. The apex bank therefore ordered anyone in need of foreign currency to approach their bank, insisting that the I&O window

is the only known exchange.

Black Market Dollar To Naira Exchange Rate Today February 5, 2022
CBN Governor, Godwin Emefiele.

Newsone Nigeria reports that on the black market, gamers buy a dollar for N565 and sell for N570 on Saturday morning February 5, 2022 after buying N565 and sold for N570 to Friday morning February 4, 2022.

During this time, Newsone Nigeria reports that the USD started this week ₦570 in the parallel market also known as the black market on Monday, January 31, 2022 in Lagos, Nigeriasame amount he opened at last week monday january 24th 2022.

Warning: NEWSONE NIGERIA does not fix or determine exchange rates. Official NAFEX rates are obtained from the FMDQOTC website. Parallel market rate (black market rate) are obtained from a variety of sources, including online media. the the rates you buy or sell forex may be different from what is captured in this article.