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 ₦737 and ₦741 and the price can change (high or low) within hours.
News One 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 data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at N448.08 per dollar on Sunday, 1 January 2023, after it closed at N448.0799 per $1 on Saturday morning, December 31, 2022. This represents a change of 0.00%.
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 January 1, 2023 (BLACK MARKET): dollar to naira exchange rate today black market
The local currency opened at N741.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 1 January 2023, in Lagos Nigeria, after it closed at N741.00 per $1 on Saturday morning, December 31, 2022.
Even though the dollar to naira opened in the parallel market at ₦741 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognise 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.
CBN Governor, Godwin Emefiele.
News One Nigeria reports that at the black market, the players buy a dollar for N737 and sell for N741 on Sunday morning, January 1, 2023, after they bought N737 and sold for N741 on Saturday morning, December 31, 2022.
Meanwhile, News One Nigeria reports that the USD started this week at ₦745 in Parallel Market also known as Black Market on Monday, December 26, 2022, in Lagos Nigeria, after it opened at ₦747 last week Monday, December 19, 2022.