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Dollar to naira exchange rate today 26 October 2021

dollar to naira exchange rate

FELLOW PRESS brings you news on the dollar to naira exchange rate today 26 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 CBN, US dollar to naira exchange rate bought at ₦409.99 and sold at ₦410.49, making an average of  ₦410.99 for $1 on Monday 25 October.

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

The official rate today, Monday October 26, for $1 dollar to naira = ₦414.04/$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 Tuesday October 26 opened at ₦565 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

This suggested that the black market or parallel market is not recommended by the apex bank.

Meanwhile, the Central Bank of Nigeria (CBN) finally launched its the country’s digital currency, eNaira.

President Muhammadu Buhari unveiled it to Nigerians at the presidential villa in Abuja.

The governor of CBN, Godwin Emefiele also revealed that 33 banks have already joined the eNaira platform.

He also said as it minted 500m worth of the electronic currency, expressing enthusiasm it will help stabilize the payment system.

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