Dollar To Naira Exchange Rate Today 11 April 2022, Check Out Black Market Rate

Dollar To Naira Exchange Rate Today 11 April 2022, Check Out Black Market Rate

Onyxnewsng brings update on the official dollar rate in Nigeria as well as 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, Friday, April 8th, 2022, for $1 dollar to naira = ₦416.17/$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 ₦416.17/$1 on Friday 8th, after it closed at ₦416.67 to a $1 on Thursday, 7th April 2022.

Dollar to naira exchange rate has been on an average of N416.69 to a dollar since the beginning of the new year, 2022.

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 N610 on Friday, April 8th 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.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦416.17/$1 on 8th April, 2022 and closed at ₦416.67/$1. Showing a change of 0.00% and a daily turnover of $108.28 million.

According to data from FMDQ, forward rate went as high as ₦453.15 and as low as ₦418.50.