Dollar to Naira rate at the official and black market exchange rate Today January 18, 2022.
Truetells 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 January 18th 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, exchange rate between the naira and the US dollar opened at ₦414.5/$1 on Tuesday 18th, after it closed at ₦414.5 to a $1 on Monday, 17th 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 18th 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.
Meanwhile, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has maintained that Nigeria’s current debt level is still within the limit and is sustainable.
The minister stated this in her presentation of the 2022 approved budget.
Ahmed noted in her report that the nation’s total debt stock surge from N32.9tn as of December 2020 to N39.6tn in November last year.