Dollar To Naira Exchange Rate/Black Market Today, Monday February 21, 2022

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 February 22, 2022.

Today’s Official Rate Of Dollar To Naira Exchange

The official rate for Friday, February 18, for $1 dollar to naira = ₦415.85/$1.

The exchange rate between the naira and the US dollar opened at ₦456.85/$1 on Friday, February 18, 2022, after it closed at ₦416.67 to $1 on Thursday, February 17, 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 N570 and sell for N575 on Friday, February 18, 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 ₦415.85/$1 on 18th February 2022 and closed at ₦416.75/$1. This shows a difference of 0.02%.


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

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