VANTAGE NEWS is pleased to bring to you news about Dollar to Naira rate both at the official and black market exchange rate Today January 12, 2022.
Today’s Official Rate Of Dollar To Naira Exchange
The official rate today, Wednesday January 12, for $1 dollar to naira = ₦(yet to be disclosed)/$1.
The exchange rate between the naira and the US dollar opened at ₦(yet to be disclosed)/$1 on Wednesday January 12, 2022 after it closed at ₦413.94 to a $1 on Tuesday, January 12, 2022, going by the data at the FMDQ Security Exchange where forex is traded officially.
Today’s Dollar To Naira Exchange At Black Market
Information from Bureau De Change (BDC) indicates that exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) sees players buy a dollar for N565 and sell for N567 on Wednesday morning, January 12, 2022.
It is important, however, to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), having directed individuals who want to engage in Forex to approach their respective banks.