The official rate today, Thursday, May 12th, 2022, for $1 dollar to naira = ₦416.50/$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 ₦416.50/$1 on Thursday 12th, after it closed at ₦418.75 to a $1 on Wednesday, 11th May 2022.
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 N585 and sell at N598 on Thursday, May 12th 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.
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 585 |
| Selling Rate | 598 |
Young John has released a romantic video featuring Australian singer Rose May Alaba, causing a stir on the internet. The… Read More
Adebowale "Debo" Adedayo, also known as Mr Macaroni, has pledged to disregard Lagos State Governor Babajide Sanwo-Olu during their upcoming… Read More
Comedian Remote, shared a humorous prophecy about Governor Jide Sanwo-Olu The encounter took place at an event where Remote approached… Read More
Nigerian businessman Ikechukwu Ogbonna, known as IVD, celebrated International Women's Day with his partner, Blessing CEO, gaining attention on social… Read More
Lege Miami, has reacted toVerydarkman, who asked him to apologize to President Tinubu and his son, Seyi. Note that Lege… Read More
Nigerian singer Teniola Apata, known as Teni, was spotted at the Redeemed Christian Church of God's Redemption Camp during a… Read More
This website uses cookies.