IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦737 and ₦741 and the price can change (high or low) within hours.
News One has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
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 N448.3028 per dollar on Tuesday, 3 January 2023, after it closed at N447.3465 per $1 on Monday, 2 January 2023. This represents a change of 0.9%.
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.
| 1 USD = 448.3028 NGN |
| 1 Dollars = 448.3028 Nigerian Naira |
| The USDNGN rate as of 3 Jan 2023 |
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES January 3, 2023 (BLACK MARKET): dollar to naira exchange rate today black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 737 |
| Selling Rate | 741 |
The local currency opened at N741.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 3 January 2023, in Lagos Nigeria, after it closed at N741.00 per $1 on Monday, 2 January 2023.
Even though the dollar to naira opened in the parallel market at ₦741 per $1 today, Newsone 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.
News One Nigeria reports that at the black market, the players buy a dollar for N737 and sell for N741 on Tuesday morning, January 3, 2023, after they bought N737 and sold for N741 on Monday, 2 January 2023.
Meanwhile, News One Nigeria reports that the USD started this week at ₦741 in Parallel Market also known as Black Market on Monday, January 2, 2023, in Lagos Nigeria, after it opened at ₦745 last week Monday, December 26, 2022.
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