Dollar To Naira Exchange Rate Today, 01 February 2022 [Black Market Rate]

Dollar to Naira Black Market rate – Here is the current USD to Naira rate today 01 February 2022.

Truetells Nigeria update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

Truetells Nigeria understands that the Parallel exchange rate (black market) exchange rate is always different from the CBN rate. Currently, you can buy or sell 1 dollar at ₦565

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Tuesday, February 2022, for $1 dollar to naira =₦415.33/$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 ₦415.33/$1 on Tuesday 1st, after it closed at ₦415.33 to a $1 on Monday, 31st 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 N560 and sell at N565 on Wednesday, December 29th 2021, 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 ₦415.33/$1 on 1st of February 2021 after closing at N415.33/$1. Showing a change of 0.12%.

According to data from FMDQ, forex turnover stands at $95.07 million.

Meanwhile, The Central Bank of Nigeria has released a guide for bank customers on how to file a complaint against their bank and other financial institutions when displeased.

The financial institutions included in the list are commercial banks, microfinance banks, primary mortgage institutions, and discount houses.

According to CBN, it had earlier released a circular directing all banks to expand their existing ATM help desks to handle all types of consumer complaints.

Disclaimer: Naija News does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.