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Dollar To Naira Trading For Today 22nd July 2024

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 exchange rate between the Naira and the US dollar according to the data released on the FMDQ Security Exchange, the official forex trading portal is  ₦1565.22 per $1 on Thursday, July 18, and closed at ₦1596.92 per $1 on Friday, July 19, 2024.

The Naira is trading as high as ₦1,630 per Dollar at the black market even though 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 begins at 9 a.m and close at 4 p.m, Nigeria time.”

The changes to operations in the country’s FX market imply that Nigeria has eased its control of the Nigerian currency , allowing the local currency to float freely.

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