Newsonline has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
The exchange rate between the naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at N429.07/$1 per dollar on Thursday, September 1, 2022, after it closed at N428.5/$1 per $1 on Wednesday, August 31, 2022.
| 1 USD = 429.07 NGN |
| 1 Dollars = 429.07 Nigerian Naira |
| The USDNGN rate as of 31 Aug 2022 |
Exchange Rate of Dollar To Naira in Black Market Today?
The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:
| Dollar to Naira (USD to NGN) | Black market dollar to naira |
| Buying Rate | 700 |
| Selling Rate | 705 |
LAGOS PARALLEL MARKET RATES September 1, 2022 (BLACK MARKET)
The local currency opened at N705.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, September 1, 2022, in Lagos Nigeria after it closed at N695.00 per $1 on Wednesday, August 31, 2022. This represents a change in N4 from the previous day.
Newsonline Nigeria reports that the data obtained from the bureau de change showed that on the black market, the players buy a dollar for N700 and sell for N705 on Thursday, September 1st, 2022.
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