Exchange Rate

Dollar to naira exchange rate today 22 October 2021

dollar to naira exchange rate

FELLOW PRESS brings you news on the dollar to naira exchange rate today 22 October 2021.

This update comprises of dollar to naira exchange at the Central Bank of Nigeria (CBN), official forex rate, and Black Market rate.


How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the Central Bank of Nigeria  (CBN), US dollar to naira exchange rate bought at ₦409.91 and seld at ₦410.91, making an average of  ₦410.41 for $1 yesterday Thursday.

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

The official rate today, Friday October 22, for $1 dollar to naira = ₦414.10/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies. The dollar opened at (yet to be disclosed)/$1 on Friday October 22, after it closed at ₦415.07 to a $1 on Thursday, 21 October 2021.

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

According to Lagos Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Friday October 22 opened at ₦570.00 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks, suggesting that the black market or parallel market is not recommended by the apex bank. 

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