Naira massively crash to Dollar at exchange rate today

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦576 and the price can change (high or low) within hours.

…….February 25th dollar to naira official market exchange rate: $1 dollar to naira =₦415.43

,,,,,,The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦… per dollar on Saturday, 26 February 2022, after it closed at ₦415.43 per $1 on Friday morning, February 25. This represents a change of -0.16%.

……The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

,,,,,February 26th dollar to naira black market exchange rate: $1 dollar to naira = ₦576

Lagos parallel market (black market dollar exchange rate today)

,,,,,The local currency opened at N576.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, 26 February 2022 in Lagos Nigeria after it closed N576.00 per $1 on Friday morning, February 25.

,,,,,Even though the dollar to naira opened in the parallel market at ₦576 per $1 today, Newsonline reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

Reports has it that at the black market, the players buy a dollar for N571 and sell for N576 on Saturday morning, February 26, 2022, after they bought N571 and sold for N576 on Friday morning, February 25.

,,,The USD started this week at ₦575 in Parallel Market also known as Black Market on Monday, February 21, 2022 in Lagos Nigeria, after it opened at 575 last week Monday, February 14, 2022. A change of N0.

Disclaimer: OSUNREPORTERS NEWS does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.