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Dollar to naira exchange rate today 25 October 2021

dollar to naira exchange rate
FELLOW PRESS brings you news on the dollar to naira exchange rate today 25 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 ₦409.96 and seld at ₦410.96, making an average of  ₦410.46 for $1 on Friday 22 October (that is the most recent data available).

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

The official rate today, Monday October 25, for $1 dollar to naira = ₦414.05/$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.

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

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Monday October 25 opened at ₦565 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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