Dollar To Naira Exchange Rate Today, 18 February 2022

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Dollar To Naira Exchange Rate Today, 18 February 2022

Dollar to naira exchange rate today

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This is the news about the Dollar to Naira rate at the official and black market exchange rate.

World Farmers Centre update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate on Thursday, February 17th, 2022, for $1 dollar to naira = ₦416.00/$1 which is the opening rate today.

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According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦416.00/$1 on Thursday 17th, after it closed at ₦416.50 to a $1 on Wednesday, 16th January 2022.

How much is a dollar to naira today in the black market?

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 Thursday, February 17th 2022, according to sources at Bureau De Change (BDC).

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Please note that the Central Bank of Nigeria (CBN) does not recognize 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 ₦416.00/$1 on 17th February 2022 and closed at ₦416.67/$1. Showing a change of 0.04%.

According to data from FMDQ, forex daily turnover stands at $127.02 million.

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