Connect with us

Business

See Exchange Rate Tonight As Naira Appreciates At Official Market

Published

on

Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)

Naira has appreciated at the official market.

 

 

NewsRain Nigeria reports that the naira recorded a steady performance against the dollar according to official foreign-exchange figures from the Central Bank of Nigeria (CBN).

 

The data reflect trading activity across both the official foreign-exchange market and the parallel market.

READ ALSO: Black Market Dollar To Naira Exchange Rate Today 11th February 2026

Figures published via the CBN’s official foreign-exchange platform indicate that the naira traded at an average of N1,351 per dollar and a closing rate of N1,349.5/$ at the Nigerian Foreign Exchange Market (NFEM), as against an average rate of N1,354/$ and a closing rate of N1,355/$.

 

This rate serves as the benchmark for authorised foreign-exchange transactions within Nigeria’s formal banking system.

 

In the parallel market, the dollar traded at slightly higher levels. Bureau-de-Change (BDC) operators in major commercial centres such as Lagos, Abuja, and Port Harcourt quoted roughly around N1,455 per dollar compared to N1,440.

 

Rates in this segment typically vary by location, transaction size, and demand conditions.

  • Official NFEM rate: ~N1,349 per $1
  • Parallel/black market rate: ~N1,455 per $1