Banks Dollar to naira exchange rate today September 5, 2022, official rate can be accessed below.
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.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
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 N444/$1 per dollar on Monday, September 5, 2022, after it closed at N431.5/$1 per $1 on Friday, September 2, 2022.
Below you can see the chart for the official Nigerian Naira rate today compared to the Dollar Monday, September 5th 2022
| 1 USD = 444 NGN |
| 1 Dollars = 444 Nigerian Naira |
| The USDNGN rate as of 5 September 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 5, 2022 (BLACK MARKET)
The local currency opened at N705.00 per $1 at the parallel market otherwise known as the black market, today, Monnday, September 5, 2022, in Lagos Nigeria, after it closed at N695.00 per $1 on Sunday, September 4, 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 Monday, September 5th, 2022.
Trading at the official NAFEX window
The exchange rate at the official market closed at N431.5/$1 to a dollar on Friday, 2nd September 2022, from N430/$1 recorded in the previous trading session.
- The opening indicative rate closed at N429.1/$1 on Friday, 2nd September 2022, compared to N429/$1 recorded in the previous day.
- Furthermore, an exchange rate of N444/$1 was the highest rate recorded during intra-day trading before it settled at N431.5/$1, while it traded as low as N418/$1 during intra-day trading.
- A total of $93.54 million in FX value was traded in the Investors and Exporters window on Friday which is 25.25% higher than $74.68 million that exchanged hands the previous day.
