Dollar To Naira Exchange Rate Today 20 January 2022

This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 20, 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, Thursday January 20th 2022, for $1 dollar to naira = ₦415.42/$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 ₦415.42/$1 on Thursday 20th, after it closed at ₦414.8 to a $1 on Wednesday, 19th 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 Thursday, January 20th 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.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦415.42/$1 on 20th January 2022 and closed at ₦416.33/$1. Showing a change of -0.04%.

Meanwhile, the Lagos State Internal Revenue Service (LIRS) has urged business owners and all taxpayers in the state to immediately respond to their last year’s tax returns to avoid sanctions.

This is as the government agency declared January 31, 2022, as the deadline for the filing of the yearly income tax returns, Naija News reports.

A statement issued by the LIRS Executive Chairman, Ayodele Subair, warned residents against defaulting, urging them to use the e-tax portal to easily achieve the purpose.

“The agency reminds businesses and employers of labour of their statutory obligation to file yearly income tax returns pursuant to section 81 (2) of the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended). The Act stipulates January 31 as the deadline for filing of yearly income tax returns, failings,” the statement read partly.

The agency stressed that as part of its quest to ease compliance obligations for taxpayers, some staff have been placed at its various offices to assist taxpayers with using the e-tax portal and other filing-related issues.

Meanwhile, the import bill of Nigeria from January to September 2021 has risen from $4.29bn to $8.92bn in the same period of 2020.

An economist, Dr Biodun Adedipe, revealed this while presenting the report titled ‘National economic outlook: Implications for businesses’.

The report was presented during an event organized by the Chartered Institute of Bankers of Nigeria in Lagos on Tuesday.