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Dollar To Naira Exchange Rate Today 26 October 2021 | BM, BDC, CBN Rates - Business - Nairaland

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Dollar To Naira Exchange Rate Today 26 October 2021 | BM, BDC, CBN Rates by Sparofire: 9:57am On Oct 26, 2021
Kingsparo.com reports the news about Dollar to Naira rate at the official and black market exchange rate Today October 26, 2021.

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

The official rate today, Tuesday October 26, for $1 dollar to naira = ₦(yet to be decided)/$1.
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 ₦(yet to be decided)/$1 on Tuesday October 26, after it closed at ₦415.07 to a $1 on Monday, 25 October 2021.

How much is exchange rate of Dollar to Naira in Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Monday, October 25 – it is being bought at N565.00 to a $1 and sold for N570, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦414.05/$1 on 25th October 2021 and closed at ₦415.07/$1 on Monday, 25th of October.

According to data from FMDQ, forex turnover for Monday, 25 October 2021 dropped to $90.36 million.

https://kingsparo.com/dollar-to-naira-exchange-rate-today-26-october-2021-black-market-bureau-de-change-bdc-rates-and-cbn-rates/

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