Dollar to Naira exchange rate for today

National Daily has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

The exchange rate between the Naira and the US dollar according to the data released on the FMDQ Security Exchange the official forex trading portal showed that the Naira opened at N416.25 per dollar on Wednesday, January 12, 2022, after it closed at N416.00 per $1 on Tuesday, January 11, 2022.

Even though the dollar opened in the parallel market for N570 per $1 today, the CBN does not recognise the parallel market, otherwise known as the black market.

READ ALSO: Naira strengthens against Dollar at 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,” said the CBN Governor, Godwin Emefiele.

“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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