Wednesday, 13th July: This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Read GISTLOVER’S update on the official dollar rate in nigeria as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
The official rate today, Wednesday, July 13th, 2022, for $1 dollar to naira = ₦424.40/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦424.40/$1 on Wednesday 13th July, after it closed at ₦427.75 to a $1 on Friday, 8th July 2022.
The dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N590 and sell at N612 on Wednesday, 13th July, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 590 |
| Selling Rate | 612 |
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