JUST IN: Official exchange rate falls to N1,534 for the first time ever

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

On Monday, February 12th, 2024, the official NAFEM market closed at a naira-dollar exchange rate of N1,534/$1.

The naira is the weakest it has ever been versus the dollar at the official market close.

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The intra-day high and low against the dollar were also N1,550 and N1,000, respectively, as Nigeria’s currency continues to fall as a result of central bank reforms aimed at a free market exchange rate.

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