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24 May 2022: See The Black Market, Official Rate For Dollar Today keeps you up to speed 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, May 23rd, 2022, the official rate for $1 to naira is 418.54/$1.

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

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 418.54/$1 on Monday, May 23rd, after closing at 419.02 on Friday, May 20th, 2022.


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, participants in the Lagos Parallel Market (Black Market) acquire a dollar for N570 and sell it for N603 on Monday, May 23rd 2022. (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

Dollar to Naira Black Market Rate Today

The Buying Rate is 570, while the Selling Rate is 603.


Trading at the NAFEX official window

According to FMDQ statistics, the forward rate has fluctuated between 453.35 and 419.98.

Spot rate: The dollar traded between 444.00 and 413.00 against the naira.


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


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