Black Market Dollar To Naira Exchange Rate Wednesday, 26 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

The on Dollar to Naira rate at the official and black market exchange rate January 26th, 2022 can be accessed here on Ejes Gist News

 

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

 

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This page covers the following Questions

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, Wednesday, January 26th 2022,1 United States Dollar equals 415.12 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 ₦415.12/$1 on Wednesday 26th , after it closed at ₦416.33 to $1 on Tuesday,  January 25th,  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 Wednesday, January 26th 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.

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Trading at the official NAFEX window

The exchange rate between the Nigerian Currency and the US dollar opened at ₦415.29/$1 on 19th January 2022 and closed at ₦416.33/$1. Showing a change of 0.88%.

 CBN again keeps interest rate at 11%, expresses hope price of food will drop.

 

The Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) has voted to keep the monetary policy rate (MPR), which measures interest rates, at 11.5 percent.

The monetary policy rate (MPR) is an economy’s baseline interest rate; it serves as the foundation for all other interest rates.

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Godwin Emefiele, the governor of the Central Bank of Nigeria, spoke to journalists on Tuesday after the committee’s two-day meeting at the CBN headquarters in Abuja. He said the committee members unanimously agreed to keep key rates.

Black Market Dollar To Naira Exchange Rate Wednesday

 

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The committee voted to keep the key lending rate at 11.5 percent, with an asymmetric corridor of +100 and -700 basis points around the MPR and a 30 percent liquidity ratio, according to Emefiele.

The CBN stated that the decision to maintain the interest rate was made in order to maintain the economy’s ongoing growth.

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  • Black Market Dollar To Naira Exchange Rate

 

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Related Questions:

The is ₦415.12/$

According to data obtained by  to Ejes Gist News 1000 dollars in is ₦415120.00/$

1 dollar in naira is ₦415.12/$ according to data obtained from I & E window.

100 dollars in naira is ₦41,512.00/$ this according to data obtained by correspondent

 

Dollar To Naira Exchange Rate

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

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

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