Dollar To Naira Exchange Rate Today Saturday 5th February 2022

Today’s official dollar to naira exchange rate in Nigeria, including Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates.

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 ₦4416.07 per dollar on Friday, 4th February 2022, after it closed at ₦416.07 per $1 on Thursday, 3rd February 2022. This represents a change of -0.04

The exchange rate between the naira and the US dollar closed at N416/$1 at the Investors and Exporters (I&E) window, where forex is traded officially.

Naira gained against the US dollar on Friday to its highest level during the week to close at N416/$1, representing a 0.08% appreciation compared to N416.33/$1 recorded in the previous trading session, indicating a year-to-date average rate of N416.62/$

Naira started the week with a decline against the US dollar on Monday to close at N416.38/$1, representing a 0.09% depreciation compared to N416/$1 recorded in the previous trading session

Economists have said the devaluation of Nigeria’s currency, naira, is inevitable in 2022 as lower oil production puts pressure on the nation’s reserves.

The price of Bonny Light, Nigeria’s premium oil grade, has surged to $88 per barrel, the highest since 2014, but Africa’s biggest economy has missed out on an opportunity to improve its earnings as oil production falters

The Naira depreciated at the official and parallel markets amid growing concerns that oil revenue fluctuation and global monetary tightening would lead to further devaluation of the currency.

Official data and trading reports showed that the Naira depreciated by 0.12 per cent at the official Investors and Exporters (I & E) Window to close at N416.50 per dollar. It also depreciated by 0.65 percent to close at N575.90 per dollar at the parallel market. The Naira, however, closed flat at N430 per dollar at the Interbank Foreign Exchange market (IFEM)…

As of Friday morning in London, the dollar was down, settling for its biggest weekly loss in eight months. As investors bet that several U.S interest rate hikes in 2022 are already priced in, they reduced their long positions…

Naira recorded a slight fall against the U.S. dollar at the official market on Thursday, after a marginal gain at the spot market on Wednesday.

According to data published on the Central Bank of Nigeria’s website, at the close of business Thursday, naira closed at N414.79 to a dollar.

US dollar has continued to gain since 2022 as naira further crashes at the black market five days after it fell for the first time this year after maintaining N560/per $1 at the black market since the beginning of the year.

This online news platform understands that the naira has fallen against the United States dollar at the black market for the second time since the start of the new year 2022, exchanging at N570/per $1, days after it fell for the first time to exchange at N565 per dollar to naira
Naira and us dollar exchange rate in the just concluded week recovered (Naira appreciated) by 4.37% to close at N416.00/USD at the Investors and Exporters FX window as Bonny Light price, the Nigerian variant of crude oil, rose w-o-w by 3.80% to USD82.13 as of Thursday, January 6, 2022.

The exchange rate between the naira and the US dollar at the official Investors and Exporters (I&E) window closed at N416.25/$1.

Naira depreciated marginally against the US dollar on Thursday to close at N416.25/$1, representing a 0.06% fall compared to N416/$1 recorded in the previous trading session. Meanwhile, forex turnover at the official market decreased by 1.1% to $113.65 million compared to $114.95 million that exchanged hands on Wednesday

The Nigerian official currency, Naira has gained against the United States dollar, exchanging at N565/$1 after opening the week at N570 per dollar on Monday, December 20, 2021.

The exchange rate between the naira and the US dollar closed at N414.8/$1 at the official Investors and Exporters (I&E) window.

Naira started the week with a 0.07% gain against the US dollar on Monday to close at N414.8/$1 compared to N415.07/$1 recorded in the previous trading sessions. Forex turnover at the official market jumped by 138.5% to $360.18 million from $151.03 million recorded in the previous trading session…

The dollar index against major currencies rose 0.7%, recouping all of the value it had lost on Thursday following a series of central bank policy statements.

The euro and British pound fell 0.8% and 0.6%, respectively, after having booked gains the two previous days. The euro stood at $1.1239 and the pound at $1.3236 at 2100 GMT

dollar to naira exchange rate closed at N415.07/$1 at the official Investors and Exporters (I&E) window.

This online newspaper understands that Naira remained stable against the US dollar on Thursday to close at N415.07/$1. This was the same rate that was recorded in the previous trading sessions as a drop in the country’s external reserves continues with a decline of $20 million…

The exchange rate between the naira and the US dollar closed at N415/$1 at the official Investors and Exporters (I&E) window.

Naira depreciated against the US dollar on Monday to close at N415/$1, representing a 0.07% drop compared to N414.73/$1 recorded in the previous trading sessions as drop in the country’s external reserve continues with a decline of $33 million

The exchange rate between the naira and the US dollar closed at N414.73/$1 at the official Inves tors and Exporters (I&E) window

The Nigerian official currency, Naira has maintained its position against dollar weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021

he exchange rate between the naira and the US dollar closed at N414.8/$1 at the official Investors and Exporters (I&E) window on Friday

Nigerian official currency, naira, has crashed against the American official currency, dollar, at the parallel market also known as the black market on Thursday, December 3, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦560 per a dollar as at 9:15 am in the Lagos market

Tthe exchange rate between the naira and the US dollar closed at N415.07/$1, at the official Investors and Exporters (I&E) window.

This online newspaper understands that the Naira closed flat against the US dollar on Monday at N415.07/$1, the same as recorded in the past three trading sessions. This is despite trading as high as N456.97 during intra-day session. FOREX liquidity at the official market continues to improve as it increased by 19.1% to $256.69 million from $215.47 million recorded in the previous dayhas recovered against the American dollar, trading at ₦557 per dollar, days after slumping at the parallel market popularly known as the black market by the traders

The exchange rate between the naira and the US dollar closed at N415.07/$1, at the Investors and Exporters (I&E) window, where forex is traded officially. Naira depreciated against the US dollar on Wednesday with a 0.07% fall to close at N415.07/$1 compared to N414.8/$1 recorded on Tuesday, 23rd November 2021. Similarly, forex turnover at the official window recorded a marginal decrease of 12.9% to $243.34 million.

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 ₦413.53 per dollar on Monday, 22 November 2021, after it closed at ₦414.40 per $1 on Friday, 19 November 2021. This represents a change of 0.00%.

How much is exchange rate of Dollar to Naira in Black Market today?

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

Naira has risen massively as analysts anticipate devaluation at Investors Window.

Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively overpriced local currency, thus expecting further devaluation at Investors and Exporters foreign exchange rate window.

Data from the FMDQ Exchange platform showed that Naira traded at N414.30 to a dollar in the Investors and Exporters window, gaining 0.2% week on week against the previous record.

While external reserves position has expanded significantly following an inflow from foreign currency borrowings of $4 billion and about $3.5 billion inflow from special drawing rights, the naira has faced many pressures, crossing N420 briefly at investors and exporters foreign exchange window.

This week, Nigeria’s foreign currency reserves snapped its ten consecutive weeks of accretion as it closed lower by $102.20 million week on week to $41.73 billion, according to Cordros Capital in a macroeconomic note.

In the parallel market, the foreign exchange rate has worsened after the central bank decision to ban weekly dollar supply to bureau de change operators in July. However, low dollar supply has persisted despite growing prices of oil in the global market,

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