Dollar (USD) to Naira Black Market Exchange Rate Today – 4th October 2022

Naira Black Market Exchange Rate Today

Tuesday 4th October, 2022, This is the news about the Dollar to Naira rate at the official and black market exchange rates.

Read CREEBHILLS’s update on the official dollar rate in Nigeria as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Tuesday, October 4, 2022, for $1 dollar to naira = N432.35/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at N432.35/$1 on Tuesday, after it closed at ₦432.33 to $1 on Friday, 30th September 2022.

The dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

How much is a dollar to naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N720 and sell at N735 on Tuesday, 4th, October 2022 according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 720
Selling Rate 735


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