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Dollar to Naira Exchange Rates

Dollar To Naira Exchange Rate Today 21 January 2022

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Dollar to naira exchange rate today

This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 21, 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, Friday January 21st 2022, for $1 dollar to naira = ₦415.03/$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 ₦415.03/$1 on Friday 21st, after it closed at ₦416.33 to a $1 on Thursday, 20th 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 Friday, January 21st 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%.

According to data from FMDQ, forex turnover stands at $90.42 million.

Meanwhile, the Nigerian Stock Exchange has delisted a medical diagnostics firm, Union Diagnostics, from the stock market.

Naija News reports the company decided to delist from the main board of the stock exchange after its shareholders approved the delisting of the company’s shares at the last Annual General Meeting on January 25, 2021.

It was learned that the decision to delist from the Exchange by the company was motivated by certain challenges around the inability to raise capital to fund expansions.

In a statement on September 2021, Union Diagnostics said the delisting follows the transaction that involved the transfer of 1,407,885,051 units of shares to Cedar Advisory Partners and other parties.

The statement disclosed that Cedar Advisory Partners Limited holds 59.66 per cent shareholdings in the company following the acquisition.

It added that the delisting was approved by all relevant regulatory bodies such as the Securities Exchange Commission, the Nigerian Exchange Limited, Federal High Court, and the Federal Competition and Consumer Protection Commission.

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