The Dollar To Naira Exchange Rate Today, 21st February 2022 has emerge.
Read GoldenNewsNg update on the official dollar rates and Parallel Market also known as Black Market rates, Bureau De Change (BDC) rates, and CBN rates below.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday, February 21, 2022, for $1 dollar to naira = ₦415.85/$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 ₦415.85/$1 on Monday 21, after it closed at ₦416.67 to a $1 on Friday, 18th February 2022.
GoldenNewsNg reports that 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 N570 and sell at N575 on Friday, February 18th 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 ₦415.85/$1 on 21, February 2022. Showing a change of 0.02%.
According to data from FMDQ, forex daily turnover stands at $64.03 million.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00
A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.
Meanwhile, the CBN has Urge Nigerians To Embrace eNaira
The Central Bank of Nigeria (CBN) has again encouraged citizens to embrace the new digital currency, eNaira.
GoldenNewsNg reports that the apex bank on Thursday, noted that the introduction of eNaira in the financial system is to, among others, improve the effectiveness of monetary policy in managing inflation as well as in driving economic growth in the country.
Recall that eNaira was on October 25, 2021 launched by President Muhammadu Buhari to be used as legal tender in the country.
Top officials of the bank yesterday, made good remarks of the eNaira while speaking at a seminar organised by the CBN Fair tagged: Promoting financial stability and economic development held in Benin City, Edo State.