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

See How Much Dollar Exchange To Naira Today 28 October 2021

by Victor Ndubuisi
A+A-
Reset

This is the news about Dollar to Naira rate at the official and black market exchange rate Today October 28, 2021.

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

The official rate today, Thursday October 28, for $1 dollar to naira = ₦(yet to be disclosed)/$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 disclosed) /$1 on Thursday 28, after it closed at ₦415.07 to a $1 on Wednesday, 27 October 2021.

Advertisement

See How Much Dollar Exchange To Naira Today 27 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, Thursday, October 28 – it is being bought at N565.00 to a $1 and sold at 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.

The exchange rate between the naira and the US dollar opened at ₦414.44/$1 on 27th October 2021 and closed at ₦415.07/$1. Showing a change of 0.01%.

See How Much Dollar Exchange To Naira Today 25 October 2021

Advertisement

According to data from FMDQ, forex turnover for Wednesday, 27 October 2021 increased to $200.74million.

 

Follow us on Facebook

Advertisement
Post Disclaimer

The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.

You may also like

Advertisement