Today’s Official Rate Of Dollar To Naira Exchange

Today’s Official Rate Of Dollar To Naira Exchange

The official rate for Tuesday, April 5, 2022, for $1 dollar to naira = ₦415.92/$1.

 

The exchange rate between the naira and the US dollar opened at ₦415.72/$1 on Tuesday, April 5, 2022, after it closed at ₦416.63 to $1 on Monday, April 4, 2022, going by the data at the FMDQ Security Exchange where forex is traded officially.

Today’s Official Rate Of Dollar To Naira Exchange

Today’s Dollar To Naira Exchange At Black Market

Information from Bureau De Change (BDC) indicates that exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) sees players buy a dollar for N580 and sell for N595 on Tuesday, April 5, 2022.

It is important, however, to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), having directed individuals who want to engage in Forex to approach their respective banks.

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