Dollar To Naira Exchange Rate For Today 26 January 2022

The Naira and the US dollar exchange rate started at 415.31 per dollar on Tuesday, January 25, 2022, and closed at 416.33 per dollar on Tuesday, January 25, 2022, according to statistics provided on the FMDQ Security Exchange, the official currency trading portal.

In the parallel market, the dollar to naira exchange rate is

The CBN does not recognize the parallel market, sometimes known as the black market, despite the fact that the dollar opened in the parallel market for $571 for $1 today. As a result, anyone in need of currency should contact their bank, with the I&E window being the sole known exchange, according to the apex bank.

“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.

“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.

“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” he said during a press briefing on September 17, 2021.

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