Dollar To Naira Exchange Rate Today 19 January 2022

This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 19, 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, Wednesday January 19th 2022, for $1 dollar to naira = ₦414.8/$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 ₦414.8/$1 on Wednesday 19th, after it closed at ₦414.498 to a $1 on Tuesday, 18th 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 Wednesday, January 19th 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, a Federal High Court sitting in Lagos has struck out Petro Union Oil and Gas Company Limited’s suit challenging the acquisition of Union Bank by Titan Trust Bank Limited.

PU had in the suit prayed the court to stop Titan Trust from acquiring Union Bank despite the bank holding 89.39% shares of the latter.

Naija News understands that shareholders of the bank in question include Atlas Mara Limited, Union Global Partners and others.

The move for acquisition is said to have been initiated since December last year and was awaiting Central Bank of Nigeria‘s approval.

However, before CBN gives approval, Petro Union Oil begged the backing of the court to stop the deal, following a lawsuit marked FHC/ABJ/M/104/2012, that dates back to 2012.

In 2021, the company secured judgments against CBN, Union Bank, the minister of finance, as well as the attorney-general of the federation.