Dollar To Naira Exchange Rate Today, 14 April 2022

Wednesday, 13 April 2022: This is the news about the Dollar to Naira rate at the official and black market exchange rate.

Read Naija News update on the official dollar rate in nigeria 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, April 13th, 2022, for $1 dollar to naira = ₦416.17/$1.

According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦416.17/$1 on Wednesday 13th, after it closed at ₦416.62 to a $1 on Tuesday, 12th April 2022.

Naija News reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

How much is a dollar to naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N570 and sell at N590 on Wednesday, April 13th 2022, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦416.17/$1 on 13th April, 2022 and closed at ₦416.67/$1. Showing a change of 0.01% and a daily turnover of $113.72 million.

According to data from FMDQ, forward rate went as high as ₦453.15 and as low as ₦419.98.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00.

A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.

GTB, Access, Seven Other Banks Rake N554bn Fees, Commission In 2021 –Report

A financial report has revealed how nine commercial banks in Nigeria made a total of N554.23bn from fees and commissions in 2021.

Naija News understands that the figure was arrived at after aggregating the net fee and commission income contained in the banks’ annual financial statements ended December 31, 2021.

The reported banks according to The PUNCH include Access Bank Plc, Zenith Bank Plc, Guaranty Trust Bank Limited, United Bank for Africa Plc, First City Monument Bank, Stanbic IBTC, Wema Bank, Sterling Bank, and Fidelity Bank Plc.

The money earned by the banks is revealed to be 29.4 per cent higher than N428.32bn they made in 2020.