Black Market Dollar To Naira Exchange Rate Thursday, 20 January 2022

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Dollar to Naira Black Market Exchange Rate Today , Black Market Dollar To Naira Exchange Rate Today Naira to Dollar

on Dollar to Naira rate at the official and black market exchange rate January 20th, 2022 can be accessed here on Ejes Gist News

 

Read Ejes Gist News latest updates  on Black Market exchange rate today, Bureau De Change (BDC) rates, as well as the official dollar rates  and CBN rates.

 

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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, Thursday, January 20th 2022, 1 United States Dollar equals 414.67 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 ₦414.67/$1 on Thursday 20th , after it closed at ₦414.50 to a $1 on Wednesday, 19th January 2022.

How much is exchange rate of in Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦565 and sell at ₦570 on Thursday, January 20th 2022, according to data obtained from Bureau De Change (BDC).

Rate Today

Dollar to Naira (USD to NGN) Today
Buying Rate 565
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.

 

Trading at the official NAFEX window

The exchange rate between the Nigerian Currency and the US dollar opened at ₦414.30/$1 on 19th January 2022 and closed at ₦414.50/$1. Showing a change of 0.08%.

Nigeria SEC orders capital market operators to probe foreign, domestic clients

Nigerian capital market operators (CMOs) have been told not to do business with individuals or groups linked to terrorist organizations.

Also Read:   Npower Latest News Today Thursday, 20th Jan 2022 – On Stipend Payment – October, November and December

 

Nigeria’s Security and Exchange Commission (SEC) has issued warning to  CMOs.  This following the Federal publishing a gazette last week declaring bandits as terrorists.

Abubakar Malami, the Attorney General of the Federation and Minister of Justice, had signed a document declaring the Yan Bindiga Group, Yan Ta’Adda Group, and other similar groups to be terrorists.

Black Market Thursday

Report any suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU) for investigation, according to capital market operators.

Also, in response to the alert, the stock market regulator stated in a blog circular that all existing CMO clients must be screened before any transaction is carried out.

The SEC directed operators to screen and verify every client against domestic and foreign terrorist groups prior to onboarding a new client and during a one-time transaction (s).

Update on Black Market Thursday

“As such, new client carrying out one-time transaction(s), all (CMOs) are required by this circular to screen and verify every client against the above proscribed groups and other  terrorist group(s).

United Nations Security Council Resolutions (UNSCRs) list, Office of Foreign Assets Control (OFAC) list, etc.,” the regulator wrote.

From the date of this circular, all existing CMO clients will be screened prior to executing any transaction.

“In line with the findings of screening, CMOs shall file suspicious transaction reports (STRs) to the Nigerian Financial Intelligence Unit (NFIU) immediately,” the SEC stated.

 

Also Read : How to Apply for New CBN N500,000, N750,000 and N3,000,000 Non-Interest and Collateral Free Targeted Credit Facilities

  • Black Market Dollar To Naira Exchange Rate

 

Also Read: NASIMS Adds Resignation Button, Asks Npower Batch C1 Beneficiaries To Resign If They Can’t Bear Lopsided Payment

 

 

Dollar To Naira Exchange Rate

Black Market Dollar To Naira Exchange Rate Today , Jan 5, 2022

That’s  in Nigeria. Always visit this website for daily USD to Naira Exchange Rate

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