Dollar To Naira Exchange Rate For Today

Dollar To Naira Exchange Rate For Today

The Naira and the US dollar exchange rate began at 416.00 per dollar on Thursday, February 17, 2022, and concluded at 416.67 for $1 on Thursday, February 17, 2022, according to statistics provided on the FMDQ Security Exchange, the official currency trading portal.
The dollar opened in the parallel market for ₦573 per $1 today.
The 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.
“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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