The official rate today, Monday, May 9th, 2022, for $1 dollar to naira = ₦417.75/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦417.75/$1 on Monday 9th, after it closed at ₦417.00 to a $1 on Friday, 6th May 2022.
Naija News reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N575 and sell at N595 on Monday, May 9th 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 575 |
| Selling Rate | 595 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
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