BrandNewsDay Nigeria has compiled the official US Dollar to Naira exchange rate today in Nigeria, including the Dollar To Naira Aboki Exchange Rate, Bureau De Change (BDC) rate, dollar to naira yesterday, the CBN dollar to Naira rate, and Dollar To Naira Bank Rate Today Wednesday, 20 July 2022.
You can access the dollar to naira yesterday, Dollar To Naira Bank Rate Today and Dollar to Naira Black Market Today below:
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at N414.9262 per dollar on Wednesday, 20 July 2022, after it closed at N421.6826 per $1 on Tuesday, 19 July 2022.
Notably, BrandNewsDay Nigeria reports that the CBN dollar to naira rate, the apex bank buys the dollar at ₦415.69 rate and sells it at the rate of ₦416.69.
The Nigeria parallel market (black market dollar Aboki exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
The local currency opened at N616.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 20 July 2022, in Lagos Nigeria, after it closed at N615.00 per $1 on Tuesday, 19th July 2022.
Even though the dollar to naira opened in the parallel market at ₦616 per $1 today, BrandNewsDay reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market.
The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
BrandNewsDay Nigeria reports that in the naira to dollar black market, the players buy a dollar for N612 and sell for N616 on Wednesday morning, 20th July 2022, after purchasing at N610 and selling for N615 on Tuesday, July 19, 2022.
Meanwhile, Brand News Day Nigeria reports that the USD started this week at ₦615 in Parallel Market, also known as Black Market on Monday, July 18, 2022, in Lagos Nigeria, after it opened at 610 last week Monday, July 11, 2022.
The table below shows the latest black market rate of the U.S Dollar To Naira Aboki, the European Euro to Naira, and Great Britain Pounds.
| Date | Currency | Selling (NGN) | Buying(NGN) |
July 20, 2022 | US DOLLAR | 616 | 610 |
July 20, 2022 | POUNDS STERLING | 750 | 740 |
July 20, 2022 | EURO | 645 | 640 |
Read BrandNewsDay Nigeria update on the official pounds rates as well as Pounds To Naira Black Market Today.
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