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    CareersBusinessExchange Rate Dollar To Naira For Today May 11th, 2022 Official |Black...

    Exchange Rate Dollar To Naira For Today May 11th, 2022 Official |Black Market

    Bennievibez has gathered the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

    What Is The Official Exchange Rate For Dollar To Naira Today?

    Exchange Rate of Dollar To Naira in The Parallel Market [black market]

    Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
    Buying Rate584
    Selling Rate588

    Bennievibez reports that on the black market, the players buy a dollar for N584 and sell for N588 on Tuesday, May 10, 2022, after they bought N584 and sold for N588 on Monday, May 9, 2022.

    Meanwhile, Bennievibez reports that the USD began this week at ₦588 in Parallel Market also known as Black Market on Monday, May 9, 2022, in Lagos Nigeria, after it opened at 589 last week Monday, May 2, 2022.

    Dollar To Naira Exchange Rate For Today 11 May 2022| Official |Black Market

    Even though the dollar opened in the parallel market for ₦588 per $1 today, the CBN does not recognize the parallel market, also 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.

    Checks by Bennievibez disclosed uncertainty in the market as prices move up and down in a directionless manner, thereby making it unreliable.

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

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