This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Read Frank Talk Now update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday, February 28th, 2022, for $1 dollar to naira = ₦415.35/$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 ₦415.35/$1 on Friday 25th, after it closed at ₦416.00 to a $1 on Thursday, 24th January 2022.
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Frank Talk Now 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 N571 and sell at N576 on Friday, February 25th 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 ₦415.35/$1 on 25th and closed at ₦416.00/$1. Showing a change of -0.06%.
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