The official rate today, Monday, 3rd January, for $1 dollar to naira = ₦/$1.
According to FMDQ Security Exchange where forex is officially traded, the official exchange rate between the naira and the US dollar opened at ₦/$1 on Monday, 3rd January 2022, after it closed at ₦435.00 to a $1 on Friday December 31st 2022.
The exchange rate for a dollar to naira at Lagos and Abuja Parallel Market (Black Market) for today, Monday, January 3rd sells at ₦569/1$, and buy at ₦572 according to enquiring made from the Bureau De Change (BDC) this morning.
Though, the 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.
The exchange rate between the naira and the US dollar opened at ₦420.67/$1 on Friday December 31st 2021 and closed at ₦435.00/$1 on the same day, according to data from FMDQ.
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