Latest Dollar To Naira Exchange Rate Today 5th February 2022 can be accessed below.
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.
GoldenNewsNg reports that the dollar to naira exchange 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 Saturday 5th February 2022 , black market rate can also be accessed below..
GoldenNewsNg reports that the dollar to naira exchange rate at the official market, as well as, at the parallel market otherwis e known as the black market for today.
Presently, black market rate of dollar to naira sell and buy at ₦569.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today Saturday, 5th February 2022, $1 dollar to naira =₦416.04/$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 /$1 on Saturday , after it closed at ₦416.07 to a $1 on Friday , 4th February 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 N565 and sell at N569 on saturday , February, 5th 2022 according to sources at Bureau De Change (BDC).
Though, GoldenNewsNg understands 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.
Dollar to naira official market exchange rate today 4th February 2022: $1 dollar to naira =₦415.10
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 ₦415.50 per dollar on Friday, 4th February 2022, after it closed at ₦416.25 per $1 on Wednesday, 2nd February 2022. This represents a change of 0.10.
How Much Is Dollar To Naira Exchange Rate Today 3rd February 2022 at Official Rate?
The official rate today, Thursday, February 3rd, 2022, for $1 dollar to naira = ₦415.50/$1.
How much is a dollar to naira today 3rd February 2022 in the black market?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N565 and sell at N570 on Wednesday February 3rd 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.
According to the data gathered at FMDQ Security Exchange where forex is traded officially. The official exchange rate between the naira and the US dollar for today Wednesday, 2 February 2022 opened at ₦415.21 to $1, after it closed at ₦416.38 to $1 on Tuesday, 1 February 2022.
Dollar to Naira black market exchange rate for today, Wednesday, 2 February 2022.
According to sources at Bureau De Change (BDC), The exchange rate for a dollar to naira at Lagos Black Market; also known as parallel market today Wednesday, 2 February 2022 is that you will buy a dollar for N567 and sell at N570.
Please be notified that the Central Bank of Nigeria (CBN) does not recognise the black market.
And as a result of that has directed individuals who want to engage in Forex not to do business with them but rather to approach their respective banks to buy or sell their dollars.
Exchange rate at the official NAFEX window
The exchange rate at the NAFEX window on Wednesday, 2 February opens at ₦426.25 to $1 after closing at ₦435.00 to $1 yesterday.
This shows a change of 1.33%
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 ₦415.10 per dollar on Monday, 31st January 2022, and closed at ₦415.33 per $1
LAGOS PARALLEL MARKET RATES Tuesday, February 1st, 2022 (BLACK MARKET)
How much is the exchange rate of Dollar to Naira in the Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦566 and sell at ₦571 on Tuesday, February 1st, 2022, according to data obtained from Bureau De Change (BDC).
The local currency depreciates as the exchange rate for today opens at ₦566.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 1st January 2022, in Lagos Nigeria, compared to ₦565 per dollar it opened yesterday Monday, January 31st, 2022.
Naira Gains Massively against Dollars at the official market -See New Exchange Rate
Naira Gains At P2P And Official Markets FX turnover drops to two-week low See New Exchange Rate below.
GoldenNewsNg reports that the exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is traded officially.
Naira gained against the US dollar on Friday to its highest level during the week to close at N416/$1, representing a 0.08% appreciation compared to N416.33/$1 recorded in the previous trading session, indicating a year-to-date average rate of N416.62/$1.
Similarly, exchange rate at the Peer-to-Peer (P2P) market appreciated significantly to its highest level in over three weeks, trading at N570/$1 in the early hours of Monday 31st January 2022.
The official rate today, Sunday, January 30th 2022, 1 United States Dollar equals 415.66 Nigerian Naira.
How much is exchange rate of Dollar to Naira in Black Market today 30th Jan 2022?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦563 and sell at ₦568 on Sunday, January 30th 2022, according to data obtained from Bureau De Change (BDC).
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.
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
