Brand Spur Nigeria brings you all you need to know about the Dollar to Naira rate at the official and black market exchange rate Today January 25, 2022.
Read Brand Spur Nigeria news update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday, January 25th, 2022, for $1 dollar to naira = ₦(yet to be disclosed)/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦(yet to be disclosed)/$1 on Tuesday 25th, after it closed at ₦416.38 to a $1 on Monday, 24th January 2022.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N567 and sell at N570 on Tuesday, January 25th 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has 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 ₦415.31/$1 on 24th January 2022 and closed at ₦416.38/$1. Showing a change of 0.09%.
According to data from FMDQ, forex turnover stands at $136.90 million.
In other news, a leading Information Technology service management company in Nigeria, Computer Warehouse Group (CWG) including Transcorp and First Bank Holdings led last week’s capital market investment based on volume, reports revealed.
This is as the three companies contributed 43.65% and 4.38% to the total equity turnover volume and value respectively, Naija News understands.
The Nigerian Exchange Group reports on last week trading activities revealed that 1.858 billion shares exchanged hands in 20,861 deals, valued at N47.486 billion.
The trading report shows investment into the Nigerian bourse rose when compared to the 1.600 billion shares traded in 22,607 deals last week, and worth N32.71 billion.
Based on the assessment, the best three performing sectors during the last week’s five days of trading are Financial Services Industry, ICT Industry and Conglomerates.
With investors trading 815.363 million shares valued at N7.066 billion in 10,736 deals, the Financial Service Industry led the activity at the capital market.