The Latest Forex News in Nigeria on Dollar to Naira rate at the official and black market exchange rate January 22nd, 2022 can be accessed here on Ejes Gist News
Read Ejes Gist News latest updates on Black Market Dollar to naira exchange rate today, Bureau De Change (BDC) rates, as well as the official dollar rates and CBN rates.
This page covers the following Questions
- How Much Is Naira Per Dollar Today?
- How Much Is Dollar In Black Market Today?
- What is the Black market exchange rate in Nigeria Today?
Important Note : Please note that the exchange rate changes hourly. It depends on the volume of dollars available and the demand. What it means is that you can buy or sell 1 dollar at 435 and the price can change (high or low) within hours.
How Much is Dollar to Naira Official Exchange Rate Today?
The official rate today, Saturday, January 22nd 2022, 1 United States Dollar equals 415.38 Nigerian Naira.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦415.38/$1 on Saturday 22nd , after it closed at ₦416.00 to $1 on Friday, January 21st, 2022.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦563 and sell at ₦570 on Saturday, January 22nd 2022, according to data obtained from Bureau De Change (BDC).
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 563 |
| Selling Rate | 570 |
Please be aware that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), and has advised individuals interested in trading in foreign exchange to contact their respective banks.
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Trading at the official NAFEX window
The exchange rate between the Nigerian Currency and the US dollar opened at ₦415.42/$1 on 19th January 2022 and closed at ₦416.33/$1. Showing a change of 0.68%.
Bitcoin, Ethereum crash, as over 180,000 crypto investors liquidate due to Russia, US policies
On Friday, the Bitcoin market stumbled, shocking many investors who lost money due to the crypto community’s negative reaction to government policies around the world.
Various digital currencies have been affected by the recent drop in bitcoin’s value. This resulting in cryptocurrency exchanges liquidating $715 million worth of cryptoassets owned by 185,480 traders, according to reports.
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Long-term crypto investors are exiting the market, resulting in a $173 million liquidation on the Binance exchange. Also, the most among exchanges, and a $170 million liquidation on Okez, which trades in Asia.
This came after bitcoin’s value dropped to $37,728.86 in the last 24 hours, down from $43,488.27 – a drop of -13.2 percent and a loss of $5,759.41.
During the same time period, Ethereum fell -16 percent to $2,734.72. Down from a high of $3,257.55 reported on Thursday, erasing over $500 from the asset’s price.
Black Market Dollar To Naira Exchange Rate Saturday
Crypto policies in the United States, Russia, China, and Nigeria have an impact on the market.
The decline of Bitcoin and Ethereum is similar to that of other altcoins in the cryptocurrency market. The majority of them are reacting negatively to the United States’ decision to raise interest rates and regulate some market sessions.
Aside from the United States, China has been stepping up its crackdown on cryptoassets, banning crypto mining and shutting down trading exchanges to wipe out its control of two-thirds of all Bitcoin mining.
Update on Black Market Dollar To Naira Exchange Rate Saturday
Russia is also considering banning cryptocurrency trading in the country, believing that the digital currency poses a threat to the Ruble and its monetary policy control.
After losing a court case to enforce its ban directive, the Central Bank of Nigeria has used its power over financial institutions to restrict cryptocurrency trading.
This has resulted in a 53.3 percent decrease in trading volume, from around six million in Q3 2021 to two million in early November 2021.
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- Black Market Dollar To Naira Exchange Rate
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Dollar To Naira Exchange Rate
That’s Black Market Dollar to naira exchange rate today in Nigeria. Always visit this website for daily USD to Naira Exchange Rate
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