Monday, 4 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, Monday, April 4, 2022, for $1 dollar to naira = ₦415.72/$1.
According to the data at the CBN, the exchange rate between the naira and the US dollar opened at ₦415.72/$1 on Monday 4th, after it closed at ₦416.62 to a $1 on Friday, 1st 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 N580 and sell at N600 on Monday, April 4th 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 | 580 |
| Selling Rate | 600 |
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦415.72/$1 on 4th April, 2022 and closed at ₦545.41/$1. Showing a change of … and a daily turnover of …
According to data from FMDQ, forward rate went as high as ₦453.25 and as low as ₦416.30.
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.
Bitcoin Market Capitalization Leaps To $885.42 billion As Crypto Asset Value Rises By 0.68%
The last two days have been profitable for Bitcoin holders as market capitalization reportedly appreciated from $879.35 billion to $885.42 billion.
Naija News understands that the reported figures were arrived at after the Bitcoin market value rose by 0.68 per cent in the last weekend to hand investors N2.51 trillion ($6.06 billion).
According to Coinmarketcap, the development followed Friday’s minting of a new Bitcoin by SBI Crypto.
SBI Crypto had minted the 19 millionth Bitcoin, leaving just two million Bitcoin left to be minted since the cryptocurrency was created by Satoshi Nakamoto in 2009.
This article was originally published on Nigeria News