FOREX CRISIS: Naira Nears N1000/1$, Raises Concerns Amid CBN Probe

See How Much Dollar Is Exchanging With Naira Today 19 October 2021

by Victor Ndubuisi
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This is the news about Dollar to Naira rate at the official and black market exchange rate Today October 19, 2021.

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

The official rate today, Tuesday October 19, for $1 dollar to naira = ₦(yet to be disclosed)/$1.

See How Much Dollar To Naira Exchange Rate Is Today 18 October 2021

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 disclosed) /$1 on Tuesday October 19, after it closed at ₦414.73 to a $1 on Monday, 18 October 2021.

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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, Tuesday, October 19, opened N575.00 to a $1, 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.

See How Much Dollar Exchange To Naira Today 15 October 2021

The exchange rate between the naira and the US dollar closed at ₦414.73/$1 on 18th October 2021 as against how it opened at ₦414.46/$1, showing a decline at -0.08.

 

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