Latest Dollar To Naira Exchange Rate Today [16th February 2022]

Dollar To Naira Exchange Rate Today and Dollar to Naira Black Market

On this page, we compiles dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the naira each day for the week.

GbExtra Media reports that the dollar to naira exchange at the official market, as well as, at the parallel market otherwise known as the black market for each day during the week will be accessed by our readers.

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

The official rate today, Tuesday, February 16th, 2022, for $1 dollar to naira = ₦415.76/$1.

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 N568 and sell at N570 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.

IMPORTANT NOTE: Please note that the exchange rate changes hourly. It depends on the volume of dollars available and the Demands. What it means is that, you can buy or sell 1 dollar at ₦575 and the price can change (high or low) within hours.