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Dollar to Naira Exchange Rates

Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 13th September 2022

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Dollar to naira exchange rate today

What is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? How much is the Dollar to Naira exchange rate today, 12th September 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market, or parallel market rate.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Monday, September 12th, 2022, for 1 dollar to naira = ₦434.40/$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 ₦434.40/$1 on Monday 12th September and closed at ₦436.50 to $1.

US Dollar to Naira Black Market Rate Today, 12th September 2022.

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 690
Selling Rate 710

Naija News reports that the US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and the demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).

Factors that could Influence Foreign Exchange Rates in Nigeria

  • Conditions of Trade
  • Speculators
  • Government Debt
  • Interest Rates
  • Inflation Rates

Bureau De Change operators have cited a lack of FX and a surge in demand for the recent uncontrolled uptrend recorded in the market. In the same vein, some bank users who have FX in their domiciliary account told Nairametrics that they have not been able to withdraw their funds from the bank due to tightened liquidity.

FBN Insurance Appoints Tunde Mimiko As Ojumah Retires

Nigeria’s leading life insurer, FBNInsurance Ltd. has announced the appointment of Mr. Tunde Mimiko as its new Managing Director/Chief Executive Officer, following the retirement of Mr. Val Ojumah.

Tunde Mimiko is a seasoned Insurance professional with over 23 years experience in life and general insurance, spanning sales and marketing, business development, strategy, vision & mission planning, technical operations, product development & management.

Tunde is a transformational leader who has actively participated in the transition projects of the various companies where he served, including the transition of Union Assurance to Ensure Insurance Plc (now Allianz Nigeria), where he served as Managing Director/CEO between 2015-2017, WAPIC Insurance Plc (now Coronation Insurance Plc), and ARM Life Plc.

Tunde Mimiko an astute professional, is a Fellow of the Chartered Insurance Institute of Nigeria (FIIN), Chartered Insurance Professional (CIP), and Insurance Institute of Canada. He is also an alumnus of the prestigious Lagos Business School and holds a MBA in Financial Management, from Lagos State University.