Dollar To Naira Official And Black Market Exchange Rate For Today

Dollar To Naira Official And Black Market Exchange Rate For Today

Onyxnewsng update on the official dollar rate in Nigeria as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

The official rate today, Friday, June 3rd, 2022, for $1 dollar to naira = ₦419.70/$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 ₦419.70/$1 on Friday 3rd, after it closed at ₦419.50 to a $1 on Thursday, 2nd June 2022.

Dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

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, June 3rd 2022, but as at Monday, 6 June 2022, player buy and sell at 607 according enquires made by Onyxnewsng from 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 ₦419.70/$1 on 3rd June, 2022 and closed at ₦419.75/$1. Showing a change of 0.06% and a daily turnover of $185.85 million.

According to data from FMDQ, forward rate went as high as ₦452.55 and as low as ₦432.77.