This is the latest information on the official and black market exchange rates of the US dollar to the Nigerian naira.
Anaedoonline.ng keeps you up to date on Nigeria’s official dollar rate, 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, Friday, April 1, 2022, the official rate for $1 to naira is 416.00/$1.
See How Much Dollar Exchange To Naira Today 23 November 2021
The exchange rate between the naira and the US dollar began at 416.00/$1 on Friday 1st, after closing at 416.17 to a dollar on Thursday 31st March 2022, according to statistics from the FMDQ Security Exchange, where currency is legally exchanged.
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 Friday, April 1st 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N580 and sell it for N600 (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.
See How Much Dollar Exchange To Naira Today 19 November 2021
Today’s black market rate of the dollar to the naira
The Buying Rate is 580, while the Selling Rate is 600.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦416.00/$1 on 1st April, 2022 and closed at ₦416.62/$1. Showing a change of 0.11 and a daily turnover of $73.31 million.
According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦416.30.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00.
LATEST: See How Much Dollar Exchange To Naira Today 11 October 2021
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.
Follow us on Facebook
Post Disclaimer
The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.