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

4th May 2022: See How Much Naira Exchange To Dollar Today

by Victor Ndubuisi

This is the latest information on the official and black market exchange rates of the US dollar to the Nigerian naira. 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 29th, 2022, the official rate for $1 to naira is 417.30/$1.

See How Much Dollar Exchange To Naira Today 19 November 2021


The exchange rate between the naira and the US dollar began at 417.30/$1 on Friday 29th, after closing at 418.50/$1 on Thursday 28th April 2022, according to data acquired from the FMDQ, where Naira is legally exchanged.

According to, 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 Tuesday, May 3rd 2022, participants in the Lagos Parallel Market (Black Market) purchase a dollar for N570 and sell it for N587 (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 18 November 2021

Today’s black market rate of the dollar to the naira


The Buying Rate is 570, while the Selling Rate is 587.

Trading at the NAFEX official window

On April 29, 2022, the naira and the US dollar exchange rate started at 417.30/$1 and finished at 419.00/$1.
With a daily turnover of $158.55 million and a change of 0.12 percent.


According to FMDQ statistics, the forward rate has fluctuated between 452.15 and 423.85.

Spot rate: The dollar sold for as much as 444.00 naira and as little as 410.00 naira.

LATEST: See How Much Dollar Exchange To Naira Today 11 October 2021


The current price level in the market for immediately exchanging one currency for another for delivery on the earliest feasible value date is known as the spot exchange rate.


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