Categories: Business & Economy

Latest Dollar To Naira Exchange Rate Today 28th February 2022

The news about Latest Dollar to Naira exchange rate 28th can be accessed below.

EKO HOT BLOG compiles dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the Nigerian naira each day for the week.

Read Also: Black Market Dollar To Naira Exchange Rate Today 25th February 2022

The official rate of exchange of a Dollar To Naira today

According to the reports, the official rate of a dollar to naira for today, Monday, 28th February 2022 is ₦415.43/$1

The information gathered via the FMDQ Security Exchange where forex is exchanged formally unveiled that the authorized conversion rate between the naira and the US dollar opened at ₦415.43/$1 on Friday 25th, after it shut at ₦415.43  to a $1 on Tuesday, 22nd February 2022.

Below is the exchange rate of a dollar to naira today in the black market

As of Friday, February 25, 2022, the exchange rate of the dollar to naira at Lagos Parallel Market popularly referred to as the Black Market is a dollar for N570 when buying, while the selling rate is at N575, this is according to reports from the Bureau De Change (BDC).

Please be informed that the Nigerian government-owned bank, the Central Bank of Nigeria (CBN) does not recognize the Black Market as the apex bank advises anyone engaging in Forex to instead visit the banks.

What trading looks like at NAFEX window and the official rate

The report from the NAFEX window revealed the exchange rate of the naira and the US dollar opened at ₦415.39/$1 on 22nd February 2022 and closed at ₦415.89/$1, which is a difference of -0.02%.

The price at the Spot rate

The sales of dollar to the naira was at the highest rate of ₦444.00 and the lowest point of ₦410.00

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Paul Mbagwu

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Paul Mbagwu

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