Black Market Dollar To Naira Exchange Rate Today 30 April 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?
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 ₦423.56/$1 on Wednesday 5th, after it closed at ₦422.67 to a $1 on Friday, 4th January 2022.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N570 and sell at N575 on Wednesday, January 5th 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 ₦423.56/$1 on 5th January 2022 after closing at ₦422.67/$1. Showing a change of -0.63%.
According to data from FMDQ, forex turnover stands at $109.07 million.
Meanwhile, the Central Bank of Nigeria, CBN, has revealed that part of its focus for the year 2022 is to ensure households and small scale businesses get adequate access to funds.
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