Dollar To Naira Exchange Rate Today( Black Market)

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 N571 and sell at N576 on Tuesday, March 2nd 2022, according to sources at Bureau De Change (BDC).

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦415.67/$1 on 1st march closed at ₦416.67/$1. Showing a change of 0.16%.

According to data from FMDQ, forex daily turnover stands at $80.32 million.

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.
Fixed Income Market Turnover Drops By 31.12% In January

FMDQ Securities Exchange in its January 2022 edition of (FIC) markets analysis disclosed that turnover in the fixed income and currencies market in the months stood at ₦14.13 trillion.

According to FMDQ, the turnover in January represent a month-on-month (MoM) decrease of ₦6.41 trillion from ₦20.54 trillion in December 2021.

The figures released FMDQ also represent a year-on-year (YoY) increase of 8.44 per cent (₦1.10 trillion) over ₦13.03 trillion recorded in the corresponding period in January 2021 respectively.