This is a News about Latest Dollar To Naira Exchange Rate Today 27th January 2022

On this page, GoldenNewsNg compiles dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the Nigerian naira each day for the week.

How Much Is Dollar To Naira Exchange Rate Today 27 Jan 2022 Official Rate?
The official rate today, Thursday January 27th 2022, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Thursday 27th, after it closed at ₦416.25 to a $1 on Wednesday, 26th 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 N567 and sell at N570 on Thursday, January 27th 2022, according to sources at Bureau De Change (BDC).

January 26 dollar to naira official market exchange rate: $1 dollar to naira =₦415.31

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

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 ₦415.31 per dollar on Wednesday, 26 January 2022, after it closed at ₦416.38 per $1 on Tuesday, 25 January 2022. This represents a change of 0.09%.

BREAKING: Naira Falls At Official And P2P Market, See New Exchange Rate

GoldenNewsNg reports that the exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N416.38/$1.

Naira started the week with a decline against the US dollar on Monday to close at N416.38/$1, representing a 0.09% depreciation compared to N416/$1 recorded in the previous trading session.

Naira Faces Massive Pressure On Low Oil Output, Rising Interest Rates

GoldenNewsNg reports that Economists have said the devaluation of Nigeria’s currency, naira, is inevitable in 2022 as lower oil production puts pressure on the nation’s reserves.

The price of Bonny Light, Nigeria’s premium oil grade, has surged to $88 per barrel, the highest since 2014, but Africa’s biggest economy has missed out on an opportunity to improve its earnings as oil production falters…

Nigeria only produced 1.19 million bpd in December, a decline of 78,000 barrels compared with the previous month, according to the Organisation of Petroleum Exporting Countries (OPEC) – the lowest since 2016.

Naira has been predicted to face massive pressure on low oil output and rising interest rates.

GoldenNewsNg reports that Economists have said the devaluation of Nigeria’s currency, naira, is inevitable in 2022 as lower oil production puts pressure on the nation’s reserves.
The price of Bonny Light, Nigeria’s premium oil grade, has surged to $88 per barrel, the highest since 2014, but Africa’s biggest economy has missed out on an opportunity to improve its earnings as oil production falters.

Nigeria only produced 1.19 million bpd in December, a decline of 78,000 barrels compared with the previous month, according to the Organisation of Petroleum Exporting Countries (OPEC) – the lowest since 2016.

“Clearly, the FX market is constrained although we are seeing some positive development lately with higher oil prices, Nigeria may consider resetting currency and can see 10 percent depreciation from 414 to around 450-460 in 2022,” Abhilash Narayan, a senior investment strategist at Standard Chartered, said during a webinar themed ‘Global Market Outlook-Africa.’

Dollar To Naira Exchange Rate Today 21 January 2022

This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 21, 2022.

The official rate today, Friday January 21st 2022, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Friday 21st, after it closed at ₦414.95 to a $1 on Thursday, 20th January 2022.
How much is exchange rate of Dollar to Naira in Black Market today?

How much is exchange rate of Dollar to Naira in Black Market today  21st January 2022?

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 21st 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.

How Much Is Dollar To Naira Exchange Rate Today 20th Jan 2022 Official Rate?

The official rate today, Wednesday January 19th 2022, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Wednesday 19th, after it closed at ₦414.498 to a $1 on Tuesday, 18th January 2022.

How much is exchange rate of Dollar to Naira in Black Market today  20th January 2022?

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 Wednesday, January 19th 2022, according to sources at Bureau De Change (BDC).

January 17th 2022 dollar to naira official market exchange rate: $1 dollar to naira =₦416.15

January 17th dollar to naira black market exchange rate: $1 dollar to naira = ₦568

Black market dollar to naira exchange rate today 15th January 2022

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 ₦569 and the price can change (high or low) within hours.