This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Read GoldenNewsNg update on the official dollar rates 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, Monday, January 31st, 2022, for $1 dollar to naira = ₦444.00/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦444.00/$1 on Monday 31st , after it closed at ₦414.00 to a $1 on Friday, 27th January 2022.
GoldenNewsNg reports that the dollar to naira exchange rate has maintained an average of N444.00 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 N567 and sell at N570 on Friday, January 31st, 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.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦444.00/$1 on 31st January 2022 . Showing a change of -0.08%.
According to data from FMDQ, forex daily turnover stands at $81.29 million.