Dollar to naira, on Monday, October 31, 2022, opened at N438.52 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, the dollar to naira exchange rate stood at N438.52.
This would mean that the Nigerian currency gained in value against the United States dollar, as the foreign exchange (forex) trading closed at N438 per $1 on Thursday, October 27.
How much is the dollar to naira at the black market today?
Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to naira last traded N800 in the black market in the state.
It is however pertinent to 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.
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