Dollar To Naira Exchange Rate Today, Tuesday April 12, 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 April 12, 2022.

Today’s Official Rate Of Dollar To Naira Exchange

The official rate for Monday, April 11, 2022, for $1 dollar to naira = ₦416.15/$1.

The exchange rate between the naira and the US dollar opened at ₦416.15/$1 on Monday, April 11, 2022, after it closed at ₦416.67 to $1 on Friday, April 8, 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 N550 and sell for N600 on Monday, April 11, 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.


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

See also  Black Market Dollar To Naira Exchange Rate Today, Tuesday 16th August 2022

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