Dollar To Naira Exchange Rate/Black Market Today, Wednesday February 16, 2022

Dollar to Naira

VANTAGE NEWS is pleased to bring to you news about Dollar to Naira rate both at the official and black market exchange rate Today February 16, 2022.

Today’s Official Rate Of Dollar To Naira Exchange

The official rate for Tuesday, February 15, for $1 dollar to naira = ₦415.50/$1.

The exchange rate between the naira and the US dollar opened at ₦415.50/$1 on Tuesday, February 15, 2022, after it closed at ₦416.67 to $1 on Monday, February 14, 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 N567 and sell for N572 on Tuesday, February 15, 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 ₦415.50/$1 on 15th February 2022 and closed at ₦416.00/$1. This shows a difference of -0.16%.


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

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