Dollar to Naira Exchange Rate/ Black Market Rate Today, 16th May 2022

Dollar (USD) to Naira Black Market Rate today- 25th May 2022

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

The official rate today, Friday, May 13th, 2022, for $1 dollar to naira = ₦417.70/$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 ₦417.70/$1 on Friday 13th, after it closed at ₦420.00 to a $1 on Thursday, 12th May 2022.

The dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

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 N600 on Friday, May 13th, 2022, according to sources at Bureau De Change (BDC).

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.



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