We’re back with more information on the Dollar to Naira conversion rate, both official and black market.
Anaedoonline.ng will keep you up to current on official dollar rates, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) prices.
What Is Today’s Official Dollar To Naira Exchange Rate?
Today, Thursday, March 10, 2022, the official rate for one dollar to one naira is 416.1/$1.
8 March 2022: See How Much Naira Exchange To Dollar Today
The exchange rate between the naira and the US dollar began at 416.1/$1 on Thursday, March 10th, according to statistics from the FMDQ Security Exchange, where currency is legally transacted. It finished at 416.00 to a dollar on Wednesday, March 9th, 2022.
According to Anaedoonline.ng, the dollar to naira exchange rate has remained stable at N416.69 per dollar since the start of the year.
On the black market, how much is a dollar worth in naira today?
According to reports at the Bureau De Change, on Thursday, March 10th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N572 and sell it for N577 (BDC).
Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has advised anyone interested in trading Forex to contact their local banks.
LATEST: See How Much Dollar Exchange To Naira Today 11 October 2021
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦416.1/$1 on 10th March and closed at ₦416.50/$1. Showing a change of 0.04.
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According to data from FMDQ, forex daily turnover stands at…
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00
A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.
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