IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦605 and the price can change (high or low) within hours.
Newsone has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The exchange rate between the Naira and the US dollar according to the official market forex data showed that the naira opened at ₦413.9502 per dollar on Wednesday, 1 June 2022, after it closed at ₦ 415.161 per $1 on Tuesday, 31 May 2022.
| Tuesday 31 May 2022 | 1 USD = 415.161 NGN | |
| Monday 30 May 2022 | 1 USD = 415.0555 NGN | |
| Sunday 29 May 2022 | 1 USD = 414.9532 NGN | |
| Saturday 28 May 2022 | 1 USD = 415.2237 NGN | |
| Friday 27 May 2022 | 1 USD = 415.2317 NGN | |
| Thursday 26 May 2022 | 1 USD = 415.2281 NGN | |
| Wednesday 25 May 2022 | 1 USD = 415.1011 NGN |
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES 1 June 2022 (BLACK MARKET): dollar to naira exchange rate today black market
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 600 |
| Selling Rate | 605 |
The local currency opened at N605.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 1 June 2022, in Lagos Nigeria, after it closed at N605.00 per $1 on Tuesday, 31 May 2022.
Even though the dollar to naira opened in the parallel market at ₦605 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Newsone Nigeria reports that on the black market, the players buy a dollar for N600 and sell for N605 on Wednesday, 1 June 2022, after they bought N600 and sold for N605 on Tuesday, 1 June 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦605 in Parallel Market also known as Black Market on Monday, 30 May 2022, in Lagos Nigeria, after it opened at ₦605 last week Monday, 23 May 2022.