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 8th, 2022, the official rate for $1 to naira is 416.17/$1.
According to statistics received from the FMDQ, where the naira is legally exchanged, the exchange rate between the naira and the US dollar began at 416.17/$1 on Friday, April 8th, 2022, after closing at 416.67/$1 on Thursday, April 7th.
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 8th 2022, participants in the Lagos Parallel Market (Black Market) buy a dollar for N585 and sell it for N610 (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.
Today’s black market rate of the dollar to the naira
The Buying Rate is 585, while the Selling Rate is 610.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦416.17/$1 on 8th April, 2022 and closed at ₦416.67/$1. Showing a change of 0.00% and a daily turnover of $108.28 million.
According to data from FMDQ, forward rate went as high as ₦453.15 and as low as ₦418.50.
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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