Latest Dollar To Naira Exchange Rate Today 7th 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 month of March will be accessed by our readers.
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 ₦415.41 per dollar on Thursday, 3rd March 2022, and closed at ₦416.41 to $1.
Dollar to Naira Black Market Rate Today 7 March 2022
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 568 |
| Selling Rate | 571 |
Dollar to Naira Black Market Rate Today 6 March 2022
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 565 |
| Selling Rate | 570 |
What is the current dollar to naira exchange rate in parallel market? Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).
How much is a dollar to naira today in the black market 5th March 2022 ?
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 Thursday, March 3rd 2022, according to sources at Bureau De Change (BDC).
What is 1 dollar to naira Exchange Rate in Black Market Today?
The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:
LAGOS PARALLEL MARKET RATES Friday, March 4th, 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 Friday 4th, 2022 = ₦572/$1
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦572 and sell at ₦578 on Friday, March 4th, 2022, according to data obtained from Bureau De Change (BDC).
Exchange rate remains stable as Russia-Ukraine war sparks fear of Naira depreciation
GoldenNewsNg gathered that the exchange rate between the Naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window.
The exchange rate at the I&E window remained stable on Tuesday to close at N416.67/$1, despite a 51.32% increase in forex turnover to $121.5 million. A sum of $201.86 million has been traded in the official Investors and Exporters window so far this week
Read Also: Full List of Oil Producing States in Nigeria (2022 Updated)
Meanwhile, the exchange rate at the parallel market gained marginally on Tuesday to close at N579/$1, representing a 0.17% appreciation compared to N580/$1 recorded in the previous trading session.
On the other hand, the exchange rate at the Peer-to-Peer (P2P) forex market depreciated by 0.49% to trade at a minimum of N575.46/$1 in the early hours on Wednesday, 2nd March 2022 compared to N572.6/$1
Naira falls to N580/$1 at black market as demand for FX surges
The exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window.
The 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.
In the same direction, the exchange rate at the parallel market depreciated on Monday to close at N580/$1, representing a 1.22% decline compared to $573/$1 recorded in the previous trading session
Dollar To Naira Exchange Rate Today, 2 March 2022
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday , March 2, 2022, for $1 dollar to naira = ₦416.09/$1.
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 N571 and sell at N576 on Tuesday, March 2nd 2022, according to sources at Bureau De Change (BDC).
Naira Starts March 2022 With Massive Fall As FX Demand Surges
Naira Starts March 2022 With Massive Fall As FX Demand Surges
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.
Gold, US Dollar Fly High As Russia’s Nuclear Forces Stay On High Alert
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.”
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday , March 1, 2022, for $1 dollar to naira = ₦415.67/$1.
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 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