Wednesda, 23rd February 2022: In this article, we cover update about the Dollar to Naira rate at the official and black market exchange rate.

Check daily to see the official dollar rates and Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

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

The official rate today, Wednesday February 23rd, 2022, for $1 dollar to naira = ₦415.90/$1.

The data provided via the FMDQ Security Exchange where forex is traded officially disclosed that the official exchange rate between the naira and the US dollar opened at ₦416/$1 on Wednesday 23rd, after it closed at ₦416/$1 to a $1 on Tuesday, 22nd February 2022.

How much is a dollar to naira today in the black market?

The dollar to naira exchange rate at Lagos Parallel Market also known as the Black Market is a dollar for N570 and sell at N575 on Wednesday, February 22 2022, according to sources at Bureau De Change (BDC).

The apex bank, the Central Bank of Nigeria (CBN) does not recognize the Black Market as those who engaged in Forex are advised to make use of banks instead.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦415.39/$1 on 22nd February 2022 and closed at ₦415.89/$1. Showing a change of -0.02%.According data from FMDQ, forex daily turnover stands at $141.31 million.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00

A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.