Dollar to naira exchange rate today 5 January 2022

This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 5, 2022.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Wednesday January 5th 2022, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Wednesday 5th, after it closed at ₦422.67 to a $1 on Friday, 4th January 2022.

How much is exchange rate of Dollar to Naira in Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N570 and sell at N575 on Wednesday, January 5th 2022, according to sources at Bureau De Change (BDC).

Please note that 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 ₦426.25/$1 on 4th January 2022 and closed at ₦422.67/$1. Showing a change of -2.84%.

According to data from FMDQ, forex turnover stands at $109.07 million.

Meanwhile, the Central Bank of Nigeria, CBN, has revealed that part of its focus for the year 2022 is to ensure households and small scale businesses get adequate access to funds.