How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday, September 26th, 2022, for 1 dollar to naira = ₦435.67/$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 ₦435.67/$1 on Monday 26th September, and closed at ₦436.00 to $1.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 710 |
| Selling Rate | 725 |
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).
Financial analysts have alerted Nigerians that there may be an increase in interest rates in the coming months.
The observation was raised after the Central Bank of Nigeria (CBN) announced the schedule of its 287th meeting of the Monetary Policy.
The event according to the memo would hold on Monday (today) and Tuesday in Abuja.
With respect to this, some analysts at Cordos noted that the apex bank’s Monetary Policy Committee (MPC) may in the coming months hike interest.
The development according to them may be taken at the MPC’s next meeting.
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