Latest Dollar To Naira Exchange Rate Today 2nd March 2022 can be accessed below.
GoldenNewsNg reports that the dollar to naira exchange rate at the official market, as well as, at the parallel market otherwise known as the black market for each day during the week will be accessed by our readers.
Dollar To Naira Exchange Rate Today, 2 March 2022
The official rate today, Tuesday , March 2, 2022, for $1 dollar to naira = ₦416.09/$1.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N571 and sell at N576 on Tuesday, March 2nd 2022, according to sources at Bureau De Change (BDC).
Naira has started March 2022 with a massive fall with FX demand Surging. GoldenNewsNg reports that the dollar to naira exchange rate at the parallel market better known as the black market depreciated on Monday to close at N580/$1, representing a 1.22% decline compared to $573/$1 recorded in the previous trading session, the same rate it opened the market with on Tuesday morning, March 1, 2022. This is according to information obtained from BDC operators interviewed by GoldenNewsNg.
In the same direction, the dollar to naira exchange rate between the Nigerian currency naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window on Monday, February 28, 2022.
This online news platform understands that the dollar to naira exchange rate at the I&E window depreciated marginally on Monday to close at N416.67/$1, which represents a 0.16% fall compared to N416/$1 recorded in the previous trading session.
GoldenNewsNg understands that as the fallout from the sanctions on Russia raises demand for the world’s reserve currency, the dollar is rising against virtually every peer.
Additionally, Treasury bonds, gold rose following Russia’s President Vladimir Putin’s announcement that his country’s nuclear deterrence forces are on high alert
In response to mounting global backlash over Russia’s invasion of Ukraine, Putin placed his country’s nuclear deterrence forces on high alert.
Although the conflict has escalated, the Ukrainian Defence Ministry announced that representatives from Ukraine and Russia agreed to meet on the Ukraine-Belarus border “without any preconditions.”
The official rate today, Tuesday , March 1, 2022, for $1 dollar to naira = ₦415.67/$1.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N571 and sell at N576 on Tuesday, March 1st 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.
The Official Exchange Rate of Dollar To Naira Today
GoldenNewsNg gathered that 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 ₦415.43 per dollar on Monday, 28th February 2022, and closed at ₦416.25 to $1, with a change of 0.06%.
What is the Exchange Rate of Dollar To Naira in Black Market Today?
The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:
LAGOS PARALLEL MARKET RATES Friday, February 25th, 2022 (BLACK MARKET)
How much is the exchange rate of Dollar to Naira in the Black Market today?
The exchange rate of Dollar to Naira in the Parallel Market Today Monday 28th, 2022 = ₦570/$1
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦570 and sell at ₦575 on Monday February 28th, 2022, according to data obtained from Bureau De Change (BDC).
Disclaimer: GoldenNewsNg does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.