Dollar to naira, on Monday, September 26, 2022, opened at N431.33 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 N431.33.
This would mean that the Nigerian currency gained in value against the United States dollar, as foreign exchange (forex) trading closed at N430.59 per $1 on Thursday, September 22.
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 last traded between N715 and N720 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.