Dollar to naira exchange rate / black market rate


Monday February 7, 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, Monday, February 7, 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 Monday 7, after it closes at ₦416.33 at $1 on Friday, January 4, 2022.

Naija News reports that the dollar to naira exchange rate maintained an average of N416.69 to a dollar since the beginning 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 N565 and sell at N568 on Monday February 7, 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 February 7, 2022 and closed at ₦416.50/$1. Display of a change of 0.04%.

According to data from FMDQdaily forex turnover is $125.10 million.

Spot rate: Dollar sold to naira as high as ₦444.00 and as low as ₦404.00

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.

Source: Naija News


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