The exchange rate between the naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at N430.07/$1 per dollar on Friday, September 2, 2022, after it closed at N428.5/$1 per $1 on Thursday, September 1, 2022.
| NGN |
| 1 Dollars = 429.07 Nigerian Naira |
| The USDNGN rate as of 3 September 2022 |
Exchange Rate of Dollar To Naira in Black Market Today?
The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:
| Dollar to Naira (USD to NGN) | Black market dollar to naira |
| Buying Rate | 700 |
| Selling Rate | 705 |
LAGOS PARALLEL MARKET RATES September 3, 2022 (BLACK MARKET)
The local currency opened at N705.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, September 3, 2022, in Lagos Nigeria after it closed at N695.00 per $1 on Friday, September 2, 2022. This represents a change in N4 from the previous day.
IDOMA VOICE reports that the data obtained from the bureau de change showed that on the black market, the players buy a dollar for N700 and sell for N705 on Saturday, September 3rd, 2022.
The exchange rate at the official market closed at N430/$1 to a dollar on Friday, 2nd September 2022, from N429.44/$1 recorded in the previous trading session.
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