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Dollar To Naira Traded N706/$1 At The Black Market On 15th September 2022

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The exchange rate between the naira and dollar at the parallel market also known as Black Market on Thursday 15th September 2022 appreciated marginally to N706/$1, representing a 0.14% improvement compared to N707/$1 recorded in the previous trading session.

On the other hand, the exchange rate at the official I&E window depreciated slightly to close at N436.5/$1 on Wednesday, 14th September 2022 from N436.04/$1 recorded on Tuesday. The depreciation in the closing exchange rate is following the 21.22% decline in the amount of FX traded in the I&E window.

Notably, a total of $65.95 million was recorded as forex turnover on Wednesday, which is 21.22% lower than the $83.71 million that exchanged hands on Tuesday, Nairametrics reports.

Dollar to Naira Black Market Rate Today, 15th September 2022

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Selling Rate706
Buying Rate677
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