Dollar to naira exchange rate Saturday 5 February 2022, black market rate can also be accessed below.
News Rain Nigeria brings you today’s dollar to naira exchange rate at the official market, as well as parallel market otherwise known as black market.
The official rate today, Saturday, 5 February 2022, $1 dollar to naira =₦/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at /$1 on Saturday.
Meanwhile, the exchange rate opened on Friday 4 February 2022, at ₦415.51/$1, after it closed at ₦416.33 to a $1 on Friday, 4th, according to FMDQ.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N565 and sell at N570 on Saturday, February, 5th 2022 according to sources at Bureau De Change (BDC).
Recall that Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
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