Dollar to naira, on Friday, September 9, 2022, opened at N427.6 at the Investors & Exporters FX window ( I&E FX Window), where the currencies officially trade.
According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at N427.6.
This would mean that the Nigerian currency dropped in value against the United States dollar, as foreign exchange (forex) trading closed at N427.26 per $1 on Thursday, September 8.
How much is the dollar to naira at the black market today?
Going by sources at the Bureau De Change (BDC) in Lagos, dollar to naira was being bought for N697 and sold for N705 in the black market in the state.
It is however pertinent to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in forex to approach their respective banks.