Dollar To Naira Today Black Market, Bank Exchange Rate Tuesday 18 January 2022
NGNEWS247.COM is pleased to bring to you news about Dollar to Naira rate both at the official and black market exchange rate Today January 18, 2022.
Today’s Official Rate Of Dollar To Naira Exchange
The official rate today, Tuesday January 18, for $1 dollar to naira = ₦415.82/$1.
The exchange rate between the naira and the US dollar opened at ₦415.82/$1 on Tuesday January 18, 2022 after it closed at ₦414.5 to a $1 on Monday, January 17, 2022, going by the data at the FMDQ Security Exchange where forex is traded officially.
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 N567 and sell for N570 on Tuesday morning, January 18, 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.