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, Thursday, April 28th, 2022, the official rate for $1 to naira is 417.23/$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 417.23/$1 on Thursday, April 28th, after closing at 419.33 to a dollar on Wednesday, April 27th, 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 Bureau De Change sources, on Thursday, April 28th 2022, players at the Lagos Parallel Market (Black Market) buy a dollar for N570 and sell it for N589 at the rate of N570 to N589 at the rate of N570 to N589 at the rate of N570 to N589 at the rate of N570 to N589 at the rate of N570 to N589 at the rate of N570 to N589 at the rate of N570 to (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 570, while the Selling Rate is 589.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦417.23/$1 on 28th April, 2022 and closed at ₦418.50/$1. Showing a change of -0.20% and a daily turnover of $146.81 million.
According to data from FMDQ, forward rate went as high as ₦453.15 and as low as ₦432.24.
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.
Follow us on Facebook
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.