This is the news about Dollar to Naira rate at the official and black market exchange rate Today February, 2022.
update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
The official rate today, for $1 dollar to naira = ₦413.69/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.69/$1 on Friday 10th, after it closed at ₦415.07to a $1 on Thursday, 9th December 2021.
What Is The Exchange Rate Of Dollar To Naira?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N562 and sell for N565,according to sources at Bureau De Change (BDC).
Please 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.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦413.69/$1 on 10th December 2021 after closing at ₦415.07/$ on 9th December.
According to data from FMDQ, forex turnover stands at $453.38 million.
Meanwhile, Nigeria’s national currency, the naira, on Thursday continued its free fall in the parallel market since the central bank stopped selling foreign currency to exchange bureaus at the end of July.
While the official market exchange rate holds steady at ₦415 naira to the dollar, it fell to ₦572 naira to the dollar at the black market.