Tuesday, 29 March 2022: This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Read Brand Spur Nigeria 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, March 29, 2022, for $1 dollar to naira = ₦416.26/$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 ₦416.26/$1 on Monday 28th, after it closed at ₦416.33 to a $1 on Friday, 25th March 2022.
Brand Spur Nigeria reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
How much is a dollar to naira today in the black market?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N580 and sell at N600 on Tuesday, March 29 2022.
NOTE: 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 to approach their respective banks.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦416.26/$1 on 28th March, 2022 and closed at ₦416.50/$1. Showing a change of 0.04 and a daily turnover of $202.06 million.
According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦416.70.