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 17, 2022.
Today’s Official Rate Of Dollar To Naira Exchange
The official rate for Wednesday, March 16, 2022, for $1 dollar to naira = ₦416.19/$1.
The exchange rate between the naira and the US dollar opened at ₦416.19/$1 on Wednesday, March 16, 2022, after it closed at ₦416.50 to $1 on Tuesday, March 15, 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 N575 and sell for N580 on Wednesday, March 16, 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 ₦416.19/$1 on 16th March 2022 and closed at ₦416.50/$1.
Comments expressed here do not reflect the opinions of Vantage News Nigeria or any employee thereof.