Connect with us

Hi, what are you looking for?

News

Dollar To Naira Exchange Rate For Today 19 September 2022

Dollar and naira

Find below, Dollar to Naira exchange rate for today, 19 September 2022.

Gatekeepers News has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

What Is The Official Exchange Rate For Dollar To Naira Today?

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 showed that the Naira opened at ₦434.67 per dollar on Friday, September 16, 2022, and closed at ₦436.25 per $1 on Friday, September 16, 2022.

Even though the dollar opened in the parallel market for ₦705 (buying rate 700, selling rate 705) per $1, the CBN does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.

“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.

“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” he said during a press briefing on September 17, 2021.
Disclaimer: Gatekeepers News does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates are obtained from various sources, including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

You May Also Like

Business

Find below, the Dollar to Naira exchange rate for today, 04 March 2024. Gatekeepers News has obtained the official dollar to the naira exchange rate in Nigeria...

News

Senate has said the National Assembly, NASS, would need to revisit the N28.77tn 2024 budget. Gatekeepers News reports that the higher legislative Chamber said that...

News

Federal government of Nigeria has train services on the Port Harcourt-Aba route will commence by the end of March. Gatekeepers News reports that the...

Entertainment

See the full list of artistes that swept the Brit Awards, the top prize in music in the United Kingdom which unfolded in London...