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, 2th 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 2th, 2022, for 1 dollar to naira = ₦429.10/$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 ₦429.10/$1 on Friday 2th September and closed at ₦431.50 to $1.
US Dollar to Naira Black Market Rate Today, 4th September 2022.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 698 |
| Selling Rate | 705 |
Naija News 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.
FBN Insurance Announces Board Appointments
Nigeria’s leading life insurer, FBNInsurance Ltd., has announced the appointment of Dr. Femi Oyetunji as its Chairman and Alhaji Mohammed Borodo as an Independent Non-Executive Director.
Dr. Oyetunji has over 30 years of extensive industry experience with fiscal, strategic, operational, and transformational leadership. The last 10 years was spent as the Group Managing Director/CEO of Continental Reinsurance Plc where Oyentunji served before his retirement in 2021.
Dr. Oyetunji, holds a Bachelor of Science degree from Victoria University of Manchester where he graduated with First Class in Statistics and Operational Research, a Master of Science degree [MSC] from the University of London, and a Ph.D. from the University of Manchester, Institute of Science & Technology, England and Fellow of the Institute of Actuaries, United Kingdom, Institute of Directors, Nigeria [IOD], and Association of Pension Funds of Nigeria.
The industry giant has served on the Board of Crusader Sterling Pensions Limited and Tangerine Life Insurance and acted as President of the Investment Advisers and Portfolio Managers [IAPM] and had a stint with Nigerian Insurance Association [NIA] as the Vice-Chairman. Dr. Oyetunji, has served in leading Insurance Companies in Nigeria including, Crusader Insurance Nigeria Plc. as Managing Director/CEO and AIICO Insurance Plc as General Manager, Life Operations Division. Prior to his appointment as the Managing Director/CEO of Continental Reinsurance Plc, he served as the Managing Director/Chief Actuary of Alexander Forbes Consulting Actuaries Nigeria Limited.
