VANTAGE NEWS is pleased to bring to you news about Dollar to Naira rate both at the official and black market exchange rate Today March 7, 2022.
Today’s Official Rate Of Dollar To Naira Exchange
The official rate for Friday, March 4, 2022, for $1 dollar to naira = ₦415.7/$1.
The exchange rate between the naira and the US dollar opened at ₦415.7/$1 on Friday, March 4, 2022, after it closed at ₦416.50 to $1 on Thursday, March 3, 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 N571 and sell for N576 on Friday, March 4, 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 ₦415.7/$1 on 4th March 2022 and closed at ₦416.67/$1. This shows a difference of 0.04%.
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