Findwhosabi News has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.
The dollar to Naira exchange rate according to the data released on the FMDQ is ₦1572.03 per $1 on Tuesday, July 23, and closed at ₦1586.71 per $1 on Wednesday, July 24, 2024.
The Naira is trades as high as ₦1,585 per Dollar at the black market even though the Central Bank of Nigeria (CBN) announced the unification of all segments of the foreign exchange market.
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.
“The operational hours of trades shall be from 9 a.m to 4 p.m, Nigeria time.”
The changes to operations in the country’s FX market imply that Nigeria has eased its control of the naira, allowing the local currency to float freely.
