Black Market Exchange Rates | Buying Rate | Selling Rate |
| Dollar to Naira | ₦780 | ₦785 |
| Pounds to Naira | ₦850 | ₦870 |
| Euro to Naira | ₦790 | ₦805 |
| Canadian Dollar to Naira | ₦540 | ₦560 |
| Rand to Naira | ₦31 | N38 |
| Dirham to Naira | ₦155 | ₦165 |
| Yuan to Naira | ₦80 | ₦90 |
| G.Cedi to Nair | ₦75 | ₦85 |
| CFA F. (XOF) To Naira | ₦945 | ₦965 |
| CFA F. (XAF) To Naira | ₦900 | ₦920 |
| Pounds to Naira (GBP to NGN) | Exchange Rate Today |
| Buying Rate | 850 |
| Selling Rate | 870 |
| Euro to Naira (CAD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 790 |
| Selling Rate | 805 |
| Canadian Dollar to Naira (CAD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 540 |
| Selling Rate | 560 |
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is official.
| Bank | Currency | Rate | Date |
|---|---|---|---|
| GTBank | USD to Naira | ₦ 490 | 16/10/2022 |
| Currency | Rate | Date |
|---|---|---|
| GBP | ₦ 706 | 05/09/2022 |
| EUR | ₦ 602 | 18/07/2022 |
| CAD | ₦ 466 | 18/07/2022 |
| USD | ₦ 500 | 04/07/2022 |
| INR | ₦ 5.80 | 01/05/2021 |
| RUB | ₦ 6.20 | 01/05/2021 |
| Currency | Rate | Date |
|---|---|---|
| USD To Naira | ₦ 505 | 30/04/2022 |
| EUR To Naira | ₦ 531 | 31/08/2021 |
| GBP To Naira | ₦ 621 | 28/08/2021 |
| CAD To Naira | ₦ 357 | 18/08/2021 |
| ZAR To Naira | ₦ 31 | 18/08/2021 |
| INR To Naira | ₦ 6 | 18/08/2021 |
| TRY To Naira | ₦ 52 | 18/08/2021 |
| AUD To Naira | ₦ 299 | 01/05/2021 |
| RUB To Naira | ₦ 7.10 | 01/05/2021 |
| SGD To Naira | ₦ 268 | 01/05/2021 |
| AED To Naira | ₦ 109 | 26/11/2020 |
| XOF To Naira | ₦ 800 | 15/08/2020 |
| Currency | Rate | Date |
|---|---|---|
| INR To Naira | ₦ 6.12 | 15/10/2022 |
| USD To Naira | ₦ 503 | 29/04/2022 |
| EUR To Naira | ₦ 566 | 31/08/2021 |
| GBP To Naira | ₦ 622 | 23/07/2021 |
| CAD To Naira | ₦ 316 | 01/05/2021 |
| AED To Naira | ₦ 119 | 08/08/2020 |
| Currency | Rate | Date |
|---|---|---|
| USD To Naira | ₦ 480 | 23/03/2022 |
| GBP To Naira | ₦ 621 | 23/07/2021 |
| EUR To Naira | ₦ 499.45 | 16/06/2021 |
| AED To Naira | ₦ 107 | 15/08/2020 |
| CAD To Naira | ₦ 299 | 30/06/2020 |
| INR To Naira | ₦ 5.9 | 25/06/2020 |
| Currency | Rate | Date |
|---|---|---|
| USD To Naira | ₦ 475 | 21/01/2022 |
| EUR To Naira | ₦ 543 | 22/07/2021 |
| GBP To Naira | ₦ 646 | 03/06/2021 |
| CAD To Naira | ₦ 337 | 01/05/2021 |
| TRY To Naira | ₦ 69 | 01/05/2021 |
| USD | NGN |
|---|---|
| 1 USD | 442.134 NGN |
| 5 USD | 2,210.67 NGN |
| 10 USD | 4,421.34 NGN |
| 25 USD | 11,053.4 NGN |
| 50 USD | 22,106.7 NGN |
| 100 USD | 44,213.4 NGN |
| 500 USD | 221,067 NGN |
| 1,000 USD | 442,134 NGN |
| 5,000 USD | 2,210,670 NGN |
| 10,000 USD | 4,421,340 NGN |
| 50,000 USD | 22,106,700 NGN |
| NGN | USD |
|---|---|
| 1 NGN | 0.00226176 USD |
| 5 NGN | 0.0113088 USD |
| 10 NGN | 0.0226176 USD |
| 25 NGN | 0.0565439 USD |
| 50 NGN | 0.113088 USD |
| 100 NGN | 0.226176 USD |
| 500 NGN | 1.13088 USD |
| 1,000 NGN | 2.26176 USD |
| 5,000 NGN | 11.3088 USD |
| 10,000 NGN | 22.6176 USD |
| 50,000 NGN | 113.088 USD |
| Last 30 Days | Last 90 Days | |
|---|---|---|
| High | 442.67 | 442.67 |
| Low | 436.36 | 420.31 |
| Average | 439.32 | 432.43 |
| Volatility | 0.10% | 0.10% |
The local currency opened at N785.00 per $1 at the parallel market otherwise known as the black market today Monday, 21 November 2022, in Lagos Nigeria, after it closed at N785.00 per $1 on Sunday, 20 November 2022.
Even though the dollar to naira opened in the parallel market at ₦785 per $1 today, News One 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.
GoldenNewsNg reports that in the black market, the players buy a dollar for N782 and sell for N785 on Monday morning, November 21, 2022, after they bought N780 and sold for N785 on Sunday, 20 November 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦785 in Parallel Market also known as Black Market on Monday, November 21, 2022, in Lagos Nigeria, after it opened at ₦725 last week Monday, November 14, 2022.
A: One Dollar is worth 442.655 Nigerian Naira today
A: Today’s exchange rate (442.655) is lower compared to yesterday’s rate (442.8151).
A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates.
This article 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.
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