How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Thursday, May 12th, 2022, for $1 dollar to naira = ₦416.50/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦416.50/$1 on Thursday 12th, after it closed at ₦418.75 to a $1 on Wednesday, 11th May 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 N585 and sell at N598 on Thursday, May 12th, 2022, according to sources at Bureau De Change (BDC).
The dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
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.
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.