Dollar To Naira Exchange Rate/Black Market Rate: Naira Sells As High As ₦444.00

Dollar to Naira
Exchange office clerk counts U.S. dollars in Istanbul. Onur Coban/Anadolu Agency/Getty Images

VANTAGE NEWS is pleased to bring to you news about Dollar to Naira rate both at the official and black market exchange rate.

Today’s Official Rate Of Dollar To Naira Exchange

The official rate on Friday, January 27, for $1 dollar to naira = ₦415.42/$1.

The exchange rate between the naira and the US dollar opened at ₦415.42/$1 on Friday, January 28, 2022, after it closed at ₦416.33 to a $1 on Thursday, January 27, 2022, going by the data at the FMDQ Security Exchange where forex is traded officially.

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 N567 and sell for N570 on Friday morning, January 27, 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

Trading At The Official NAFEX Window

The exchange rate between the naira and the US dollar opened at ₦415.42/$1 on 28th January 2022 and closed at ₦416.00/$1. This shows a difference of -0.08%.

Disclaimer

Comments expressed here do not reflect the opinions of Vantage News Nigeria or any employee thereof.

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