Thursday, 23rd June: This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Read Naija News update on the official dollar rate in nigeria as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
The official rate today, Thursday, June 23rd, 2022, for $1 dollar to naira = ₦419.79/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦419.79/$1 on Thursday 23rd after it closed at ₦420.50 to a $1 on Wednesday, 22nd June 2022.
Naija News reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
How much is a dollar to naira today in the black market?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N590 and sell at N607 on Thursday, June 23rd 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦419.79/$1 on 23rd June, 2022 and closed at ₦420.17/$1. Showing a change of –0.08% and a daily turnover of $201.81 million.
According to data from FMDQ, forward rate went as high as ₦453.55 and as low as ₦415.75.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00.
A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.
The Chief Executive Officer of the Nigerian National Petroleum Company, Mele Kyari on Tuesday revealed a new decision on energy transition.
According to Kyari, NNPC will use the vast gas resources in Nigeria as a transition fuel.
This is said to be according to the recent global push for energy transition away from hydrocarbons.
Kyari while speaking at the 1st National Extractives Dialogue organised by the Nigeria Extractive Industries Transparency Initiative in Abuja on Tuesday said the national oil firm was currently revising its strategies on energy transition.