Truetells Nigeria reports that the official rate today, Tuesday January 4th 2022, for $1 dollar to naira = ₦426.25/$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 ₦426.25/$1 on Tuesday 4th, after it closed at ₦435.00 to a $1 on Friday, 31st December 2021.
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 N570 and sell at N575 on Tuesday, January 4th 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 ₦426.25/$1 on 4th January 2022 after closing at ₦435.00/$1. Showing a change of 1.33%.
According to data from FMDQ, forex turnover stands at $150.26 million.
Meanwhile, the World Bank has said Nigeria may not recover from its economic problems until the Nigerian Government solve the high inflation rate in the country.