FOREX CRISIS: Naira Nears N1000/1$, Raises Concerns Amid CBN Probe

5 April 2022, See How Much Naira Exchange To Dollar Today

by Victor Ndubuisi
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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, Monday, April 4, 2022, the official rate for $1 to naira is 415.72/$1.

4 April 2022, See How Much Naira Exchange To Dollar Today

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The exchange rate between the naira and the US dollar started at 415.72/$1 on Monday, April 4th, according to CBN statistics, after closing at 416.62/$1 on Friday, April 1st, 2022.

According to Anaedoonline.ng, the dollar to naira exchange rate has remained stable at N416.69 per dollar since the beginning of the new year.

On the black market, how much is a dollar worth in naira today?

According to reports at the Bureau De Change, on Monday, April 4th 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

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The Buying Rate is 580, while the Selling Rate is 600.

Trading at the NAFEX official window

The exchange rate between the naira and the US dollar opened at ₦415.72/$1 on 4th April, 2022 and closed at ₦545.41/$1. Showing a change of … and a daily turnover of …

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According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦416.30.

See How Much Dollar Exchange To Naira Today 12 November 2021

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00.

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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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