Tuesday, 19 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, Tuesday, April 19th, 2022, for $1 dollar to naira = ₦417.45/$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 ₦417.45/$1 on Tuesday 19th, after it closed at ₦417.50 to a $1 on Thursday, 14th 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 N589 on Tuesday, April 19th 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
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 570 |
| Selling Rate | 589 |
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦417.45/$1 on 19th April, 2022 and closed at ₦417.00/$1. Showing a change of -0.12% and a daily turnover of $155.44 million.
According to data from FMDQ, forward rate went as high as ₦453.17 and as low as ₦416.78.
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.
NGX: Investors Gain N500bn In Four Days Of Trading
Investors smiled home with a gain of N500bn despite a day off from trading activities last week.
Traders at the Nigerian Exchange Limited last week enjoyed only four days of trading. This is against the usual five days of trading activities every week, Naija News reports.
Recall that the Federal Government had on Thursday declared Friday (Good Friday) and Monday (Easter Monday) public holidays to commemorate the 2022 Easter celebrations by the Christian worshippers.
Despite the holidays, the NGX All-Share Index and market capitalisation of equities listed on the NGX appreciated by 1.99 per cent to close at 47,558.45 and N25.639tn last week.
Similarly, all other indices finished higher with the exception of NGX Asem, NGX Growth and Sovereign Bond indices which closed flat.
This article was originally published on Nigeria News