Dollar To Naira Exchange Rate Today 24 January 2022

This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 24, 2022.

Read GoldenNewsNg update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

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

The official rate today, Monday January 24th 2022, for $1 dollar to naira = ₦415.31/$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 ₦415.31/$1 on Monday 24th, after it closed at ₦416.00 to a $1 on Friday, 21st January 2022.

How much is exchange rate of Dollar to Naira in Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N560 and sell at N565 on Monday, January 24th 2022, 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 ₦415.31/$1 on 24th January 2022 and closed at ₦416.38/$1. Showing a change of 0.09%.

According to data from FMDQ, forex turnover stands at $136.90 million.

In other news, Nigeria’s giant new Dangote oil refinery will start processing crude in the third quarter of this year.

This was revealed by Aliko Dangote, Africa’s richest man, in a briefing at the plant site in Lagos over the weekend.

According to Bloomberg, Dangote said mechanical work on the refinery was complete and “hopefully before the end of the third quarter we should be in the market.”

He added that the plant would start with a processing capacity of 540,000 barrels a day.

Dangote said. “Full production can start maybe, by the end of the year or beginning of 2023,” he said. Dangote refinery located in Lagos at a cost of $19 billion.