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Forex: Dollar To Naira Trading For Today 26th August 2023

FindWhosabi has obtained the official exchange rates for the Dollar to Naira in Nigeria for today, including rates from Bureau De Change (BDC) and the Central Bank of Nigeria (CBN).

The exchange rate data from the FMDQ Security Exchange, the official forex trading portal, indicates that the Naira started at ₦773.29 per dollar and closed at ₦778.42 per dollar on August 25, 2023.

The CBN made an announcement on June 14, 2023, unifying all segments of the forex exchange market. This involved collapsing FX windows into the Investors & Exporters (I&E) window. The move aims to streamline operations and reintroduce the “Willing Buyer, Willing Seller” model. Transactions, including government-related ones, will adhere to specific rates and operational hours.

These changes signify a relaxation of Nigeria’s control over the Naira, allowing it to float freely based on market dynamics.

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