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Black Market, Official Dollar to Naira exchange rate today, Tuesday 15 March 2022

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Exchange Rate for the day: Dollar To Naira (24 February 2022) - Naija News 247
Exchange Rate for the day: Dollar To Naira (24 February 2022)

Good Morning! This article is about the Dollar to Naira Exchange rate at Black Market and the Official rate for today, Tuesday 15 March 2022 on Naija News 247.

How much is Dollar to Naira official rate today?

The official rate of 1$ to Naira for today, Tuesday, 15th March 2022 = ₦416.19/$1

The information gathered via Financial Markets Dealers Quotations (FMDQ) Security Exchange where forex is exchanged formally unveiled that the authorized conversion rate between the Naira and the US dollar opened at ₦416.19/$1 on Tuesday 15th, after it shut at ₦416.50 to a $1 on Monday, 14th March 2022.

How much is $1 to Naira at Black Market today?
More on Connectley Naija News:  Naira to Dollar black market rate today, 15 November 2021

As of Tuesday, March 15, 2022, the exchange rate of the $1 to naira at Lagos Parallel Market better known as the Black Market is $1 for ₦575 when buying, while the selling rate is at ₦580, this is according to reports from the Bureau De Change (BDC).

More on Connectley Naija News:  AbokiFX: Today Dollar to Naira exchange rate 12 November, 2021

You should, however, know that the Nigerian government-owned bank, the Central Bank of Nigeria (CBN) does not recognize the Black Market as the apex bank advises anyone engaging in Forex to instead visit the banks.

The price at the Spot rate

The sales of dollar to the naira was at the highest rate of ₦444.00 and the lowest point of ₦410.00

A spot conversion rate is the current cost level in the market to trade one money for another for conveyance out on the earliest reasonable worth date.

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Olajire Taofeek
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