Dollar to naira, on Tuesday, November 2, 2021, opened at N414.26 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.
According to the data at the FMDQ Security Exchange where forex is traded officially, dollar to naira exchange rate at N414.26/$1 on Tuesday, and closed at N415.02 on the same day.
This development represented a drop as dollar to naira opened at N414.12 on Monday, November 1, after it closed at N414.49/$1, on Friday, October 29.
How much is the exchange rate of dollar to naira at black market?
The exchange rate for a dollar to naira at the Parallel Market (Black Market) as of today (Tuesday, November 2) sells at N572/1$. This is was according to sources at Bureau De Change (BDC) in Lagos.
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.