Dollar to Naira rate for Saturday, January 22

Naira to Dollar rate black market

According to UTC, 1.00 US Dollar = 414.95 Nigerian Naira for today, Saturday, January 20, 2022.

Approximately, $1 will be equal to N415 at the moment.

The Naira however sells for N435/$1 At Official Market.

This is as a result of a slight Adjustment made by CBN Forex Rate, which puts the CBN rate at N413.49/$1.

Note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market).

However, local dealers reports on forex in Uyo and Abuja respectively it was reported that the paired currency closed at N568 and N570 per $1 at the black market.

It has directed individuals who want to engage in Forex to approach their respective banks.

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