Dollar has started November on a free fall against Naira at the black market, Brand Spur Nigeria reports.

The American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by Brand Spur Nigeria reporters who visited the market on Monday morning.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦565 and the price can change (high or low ) within hours.

Brand Spur Nigeria reports that while BDC operators popularly known as Abokis in the parallel market (black market), bought dollar at ₦555 per a dollar and sold at ₦565 per a dollar on Monday morning, at the official market, the exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦414.12 on Monday morning after closing ₦415.10. This represents a change of -0.09%.

How much is exchange rate of Dollar to Naira in Black Market today?: Lagos parallel market (black market dollar exchange rate today)

Brand Spur Nigeria reports that the black market, the players buy a dollar for ₦555.00 and sell for ₦565.00 on Monday morning, November 1, 2021 after they bought N560 and sold N569 last Friday, 29 October 2021.

Even though the dollar to naira opened in the parallel market at ₦565 per $1 today, Brand Spur Nigeria 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.

SOURCE:https://brandspurng.com/2021/11/01/dollar-crashes-as-naira-gains-massively-at-black-market/

How will this affect the price of Agege bread....

God help the naira

Do you even understand what it means for a currency to crash and gain.

start your study and survey from there first before venturing into the currency market.

A free fall within how many days, cus you cant determine a free fall based on few hours, try to check the closing rate at the end of the day to determine if its still on a free fall, such a joker.

Ten naira difference in a day is a crash? Op, respect yourself.

Naira gain massively at N565 shame no dey catch you?

Krismas, Shebi your god and saviour promise us sey hem go make $1 = N1?
Abi your dementia don make you forget? Zombie

GOD MAY DOLLAR CONTINUE TO CRASH IN EXCHANGE FOR NAIRA STRONGER VALUE IN FSH AMEN.

The naira has actually gained nothing

Change your headline! The naira is the currency that has crashed beyond redemption!

If God no kill this op before 2022, I wouldn't mind doing the job for him

PapaNnamdi:
If God no kill this op before 2022, I wouldn't mind doing the job for him

Oga be calming down oo

Where is the massive gain bayi?

Lol. What a news.

you guys should stop bring this NAIRA GAIN as news untill 1dollar=1naira