This is the news on the exchange rate of the dollar to naira at the official and black market exchange rate today January 28, 2022.
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 = ₦ (yet to be disclosed)/$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 ₦ (yet to be disclosed)/$1 on Friday 28, after closing at ₦416.33 at $1 on Thursday, January 27, 2022.
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 ₦415.10/$1 on January 27, 2022 and closed at ₦416.33/$1. Display of a change of 0.02%
According to data from FMDQdaily forex turnover is $113.71 million.
In other news, the Federal government of Nigeria claimed that due to non-payment of electricity bills by residents and citizens, electricity tariff deficits have now increased to the tune of ₦2.4 billion.
According to the report, the figures reported were a sum of unpaid bills for electricity consumed by users between 2015 and 2020.
Naija News reports that the claims were in the Federal Government’s latest report on Nigeria’s power sector recovery program and policy interventions.
According to the government, unpaid electricity bills by electricity consumers in all states during the six-year period have resulted in an unsustainable financial burden on the electricity sector.
The report specifically noted that in 2017 electricity tariffs could not cover the cost even at zero overall technical, commercial and collection losses.
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