This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 17, 2022.
Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday January 17th 2022, for $1 dollar to naira = ₦414.5/$1.
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 ₦414.5/$1 on Monday 17th, after it closed at ₦414.283 to a $1 on Friday, 14th January 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 N567 and sell at N570 on Monday, January 17th 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Meanwhile, the NGX ASI closed at 44,454.67 points, down 0.34 percent from the previous trading day and up 4.07 percent year to date. Meanwhile, the market cap fell by N80.85 billion.
The stock exchange market value as of Friday 14th January 2022 is N23.95 trillion, down from N24.03 trillion the previous trading day.
At the close of today’s session, the market breadth was negative, with FIDSON leading 14 gainers and 17 losers, led by SUNUASSURANCE.
Since the start of the year, the stock market has gained 1,738.23 basis points.