What is Dollar To Naira Exchange Rate Today 7 January 2022?
Today, January 7, 2022. Here is the news on the Dollar to Naira exchange rate at the official and black market exchange rates.
The official dollar rates, as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates, are updated here daily. So if you are interested in the exchange rate, always check out this page as we’ll be updating it regularly.
How Much Is The Official Dollar To Naira Exchange Rate Today, January 7, 2022?
Today, Friday, January 7th, 2022. The official rate for $1 to naira is 417.25/$1.
According to data from the FMDQ Security Exchange, where forex is officially exchanged, the naira and the US dollar exchange rate began at 417.25/$1 on Friday, January 7th, after closing at 416.00/$1 on Thursday, January 6th, 2022.
How Much Is The Dollar To Naira Exchange Rate In The Black Market Today, January 7th, 2022?
According to reports at the Bureau De Change, on Friday, January 7th 2022, traders at the Lagos Parallel Market (Black Market) buy a dollar for N565 and sell it for N567 (BDC).
Please be informed that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has urged those interested in trading Forex to contact their local banks.
Trading At The Nafex Official Window
The naira and the US dollar exchange rate began at 417.25/$1 on January 7, 2022, after closing at 416.00/$1. There has been a -1.49 percent change. You can check the current rate HERE
Forex turnover is $114.95 million, according to data from FMDQ.