Dollar To Naira Exchange Rate Today 12th January 2022 (Check Out Black Market Rate)

Dollar To Naira Exchange Rate Today 12th January 2022 (Check Out Black Market Rate)

Onyxnewsng has obtained the official dollar to Naira exchange rate in Nigeria on Wednesday, also the black market exchange rate can also be seen below.

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

The official rate today, Wednesday, 12th January, for $1 dollar to naira = ₦414.41/$1.

According to Foreign Exchange Rate in Nigeria, the official exchange rate between the naira and the US dollar opened at ₦414.41/$1 on Wednesday, 12th January 2022, according to FX.

Dollar to Naira in Black Market Today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Wednesday, January 12th sells at ₦572/1$, and buy at ₦569 according to enquiring made by Onyxnewsng from the Bureau De Change (BDC) this morning.

Though, the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

IMPORTANT NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the demands. What it means is that…you can buy or sell 1 dollar at ₦570 to ₦575 and the price can change (high or low) within hours.