Dollar to Naira exchange rate / black market rate – Naira sells for up to ₦444.00


Friday January 28, 2022: Here is the information on the exchange rate of the dollar against the naira at the official and black market exchange rate.

Read Naija News update on official dollar rates as well as Black market rates, Bureau de change (BDC) rates, and CBN rate.

The official rate today, Friday January 28, 2022for $1 dollar in naira = ₦415.42/$1.

According to data at FMDQ Security exchange where forex is officially traded, the exchange rate between the naira and the US dollar has opened at ₦415.42/$1 on Friday 28, after closing at ₦416.33 at $1 on Thursday, January 27, 2022.

Naija News reports that the dollar to naira The exchange rate has maintained an average of 416.69 naira per dollar since the start of the new year.

How much is a dollar to a naira today on the black market?

The exchange rate of a dollar to naira in Lagos Parallel market (black market) players buy a dollar for N567 and sell at N570 on Friday January 28, 2022, according to sources at Currency Exchange (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex approach their respective banks.

Negotiate at the official NAFEX counter

The exchange rate between the naira and the US dollar opened at ₦415.42/$1 on January 28, 2022 and closed at ₦416.00/$1. Display of a change of -0.08%.

According to data from FMDQdaily forex turnover is $81.29 million.

Spot rate: Dollar sold to naira as high as 444.00 and as low as ₦405.00

A spot exchange rate is the current price level in the market to directly exchange one currency for anotherfor delivery on the earliest possible value date.

During this time, the Nigerian National Oil Company (NNPC) Limited secured a $5 billion loan from AfreximBank to fund the country’s upstream sector.

Naija News reports that NNPC Group Managing Director Mele Kyari made the announcement on Thursday through his official Twitter account.

Kyari said the deal was an offshoot of the meeting between the NNPC team and the chairman of the board and chairman of the African Export-Import Bank (Afreximbank)Benedict Oramah, in Cairo, Egypt, on Wednesday.

He disclosed that the $5 billion loan would be used to support Nigeria’s upstream businesses and facilitate NNPC’s energy supply program and transition.

The NNPC boss added that the loan would create opportunities for both the national oil company and the financial institution.

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