What Is The Official Exchange Rate For Dollar To Naira Today?
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 ₦460.3579 per dollar on Wednesday, 22 March 2023, and closed at ₦Tuesday, 21 March 2023 per $1 on Tuesday, 21 March 2023.
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.
| 1 USD = 460.3579 NGN |
| 1 Dollars = 460.3579 Nigerian Naira |
| The USDNGN rate as of 22 Mar 2023 |
Even though the dollar opened in the parallel market for ₦751 per $1, the CBN does not recognise the parallel market, otherwise known as the 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 it,” said the CBN Governor, Godwin Emefiele.
“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.