Underwritten by Tristan James Jr
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 ₦ 413.53/$1 on Monday October 11, after it closed at N414.30 per $1 on Friday, 8 October 2021.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Monday, October 11, opened at N575.00 to a $1.
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 official rate today, Monday October 11, for $1 dollar to naira = ₦ 413.53/$1.”
NAIJANEWS
The official exchange rate showed that the naira continued its very slow appreciation against the US dollar.
45'MEDIA 