Dollar To Naira Exchange Rate Today, 8th July 2022

Thursday, 7th July: 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, Thursday, July 7th, 2022, for $1 dollar to naira = ₦426.31/$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 ₦426.31/$1 on Thursday 7th July, after it closed at ₦427.75  to a $1 on Wednesday, 6th July 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 N590 and sell at N611 on Thursday, 7th July, 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 ₦426.31/$1 on 7th July, 2022 and closed at ₦428.16/$1. Showing a change of 0.10% and a daily turnover of $222.84 million.

According to data from FMDQ, forward rate went as high as ₦445.50 and as low as ₦426.00.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦413.50.

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.

Telcos Mandated To Address Subscribers’ Complaints In 30 Days

Telecommunication network operators and non-network operators in Nigeria have been mandated to address subscribers’ issues within the period of one month.

The directive handed down by the Nigerian Communications Commission (NCC), warned that no customer complaint should be left unattended within 30 days period, Naija News understands.

The commission said that when a subscriber is not satisfied with the result of an original complaint laid to the operator, they can choose to refer the issue to the commission after a month of unfruitful results from their operator.

A document sighted on the official website of the commission said any dispute referred to the commission shall be duly resolved using the processes set out in its Dispute Resolution Guidelines or any Dispute Resolution procedure which the commission may deem appropriate in the matter at hand.

The document tagged ‘Draft – Consumer Code of Practice Regulations’ said: “In the event that a complaint, including any escalation process, has not been resolved to the consumer’s satisfaction within thirty days of being communicated to the Licensee, the Licensee shall advise consumers that they may refer the complaint to the commission.

“Any other dispute referred to the commission shall be resolved using the processes set out in its Dispute Resolution Guidelines or any Dispute Resolution procedure which the commission may deem appropriate in the circumstance.”