Thursday, 10 March 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 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, March 10, 2022, for $1 dollar to naira = ₦416.1/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦416.1/$1 on Thursday 10th, after it closed at ₦416.00 to a $1 on Wednesday, 9th March 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 N572 and sell at N577 on Thursday, March 10th 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.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦416.1/$1 on 10th March and closed at ₦416.50/$1. Showing a change of 0.04.
According to data from FMDQ, forex daily turnover stands at…
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.
Zenith Bank Announce Changes On POS, Dollar Spend, Int’l Transactions
Nigeria financial service provider, Zenith Bank has announced some changes in its services due to the new economic reality.
Following a review, the commercial bank said it has temporarily suspended the use of its Naira cards for International Automated Teller Machine (ATM) cash withdrawals and POS transactions.
This is as it also cut down on web transactions account holders are allowed to perform in the digital market, Naija News reports.
In a notification sent to its account holders, Zenith Bank disclosed that Point of Sales (POS) transactions on the International Automated Teller Machine has now been stopped for economic reasons.
This article was originally published on Nigeria News