FELLOW PRESS reports news on the dollar to naira exchange rate today 12 January 2022.
How much is Dollar to Naira Exchange at CBN Rate?
According to available data from the CBN, US dollar to naira exchange rate bought at ₦413.44 and sold at ₦414.44, making an average of ₦413.94 for $1 on Tuesday January 11.
How Much Is Dollar To Naira Exchange Today At Official Rate?
The official rate today, dollar exchange to naira opened at ₦416.25 on Monday January 10, and closed at ₦416.00 on Friday January 7. This amount to 0.06 per cent increase for naira against dollar.
The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.
It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.
Current turnover at the forex market stands at ₦104.92m.
How Much Is Dollar To Naira Exchange Today at Bank Rate?
Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.
See below bank rate of dollar to naira:
GTbank: ₦ 480
Ecobank: ₦ 480
Access Bank: ₦470
Sterling Bank: ₦480
How much is exchange rate of Dollar to Naira in Black Market today?
According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Wednesday January 12, 2022 opened at ₦570 to $1.
Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.