Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? How much is the Dollar to Naira exchange rate today, 9th September 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market, or parallel market rate.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Friday, September 9th, 2022, for 1 dollar to naira = ₦433.83/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦433.83/$1 on Friday 9th September and closed at ₦436.33 to $1.
US Dollar to Naira Black Market Rate Today, 11th September 2022.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 697 |
| Selling Rate | 700 |
Truetells Nigeria reports that the US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and the demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).
Factors that could Influence Foreign Exchange Rates in Nigeria
- Conditions of Trade
- Speculators
- Government Debt
- Interest Rates
- Inflation Rates
Bureau De Change operators have cited a lack of FX and a surge in demand for the recent uncontrolled uptrend recorded in the market. In the same vein, some bank users who have FX in their domiciliary account told Nairametrics that they have not been able to withdraw their funds from the bank due to tightened liquidity.
Oil Theft: Nigeria May Lose N1.37tn As PENGASSAN Threatens A Month Shutdown
Federal Government has been urged to without delay provide solutions to massive oil theft in the Niger Delta area.
Truetells Nigeria reports that the advisory was given by members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Thursday, September 9, 2022.
Members of the union have been seen in some parts of the country including Abuja, Warri in Delta State, Kaduna and Port Harcourt in Rivers State, protesting the lingering oil theft, saying it could shut down oil production in Nigeria in the next 30 days should the government fail to address the menace.
If succeeded in shutting down oil production for 30 days, Naija News understands Nigeria could lose about 30.03 million barrels of crude, valued at an estimated N1.37trn.
Announcing the union’s intention at a rally held earlier at the Delta State Governor’s Office Annexe in Warri, the PENGASSAN Zonal Chairman, Prince Audu Osihiokhamele, alleged that some notable government officials are involved in the business of crude oil theft in the country.
