Categories: News

Banks Dollar to Naira Exchange Rate Today, September 3, 2022 (Official Rate)

Banks Dollar to naira exchange rate today September 3, 2022, official rate can be accessed below.

 

 

Advertisement

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

Advertisement

 

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

 

Advertisement

The exchange rate between the naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at N430.07/$1  per dollar on Friday, September 2, 2022, after it closed at N428.5/$1 per $1 on Thursday, September 1, 2022.

 

Advertisement

Below you can see the chart for the official Nigerian Naira rate today compared to the Dollar

 

1 USD = 429.07
Advertisement

NGN

1 Dollars = 429.07 Nigerian Naira
The USDNGN rate as of 3 September 2022

Exchange Rate of Dollar To Naira in Black Market Today?

Advertisement

 

The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:

Advertisement

 

Advertisement
Dollar to Naira (USD to NGN) Black market dollar to naira
Buying Rate 700
Selling Rate 705

 

LAGOS PARALLEL MARKET RATES September 3, 2022 (BLACK MARKET)

Advertisement

 

The local currency opened at N705.00 per $1 at the parallel market otherwise known as the black market, today, Saturday, September 3, 2022, in Lagos Nigeria after it closed at N695.00 per $1 on Friday, September 2, 2022. This represents a change in N4 from the previous day.

Advertisement

 

Newsonline Nigeriareports that the data obtained from the bureau de change showed that on the black market, the players buy a dollar for N700 and sell for N705 on Saturday, September 3rd, 2022.

Advertisement

Trading at the official NAFEX window

The exchange rate at the official market closed at N430/$1 to a dollar on Friday, 2nd September 2022, from N429.44/$1 recorded in the previous trading session. 

  • The opening indicative rate closed at N429/$1 on Thursday, 1st September 2022, compared to N429.17/$1 recorded in the previous day.
  • Furthermore, an exchange rate of N437/$1 was the highest rate recorded during intra-day trading before it settled at N430/$1, while it traded as low as N417/$1 during intra-day trading.
  • A total of $74.68 million in FX value was traded in the Investors and Exporters window on Thursday, a 31.78% dip from $109.47 million that exchanged hands in the previous day.
Sola Adeyemo

Recent Posts

Emirates Airlines Bans Pagers, Walkie-Talkies On Its Flights

In response to escalating tensions in the Middle East, Emirates Airlines has implemented a ban…

22 hours ago

I Go With Police, Govt Officials To Negotiate With Bandits – Sheikh Gumi

Popular Kaduna-based Islamic cleric, Sheikh Ahmad Gumi, has confirmed that he collaborates with police and government…

22 hours ago

CAN Directs Lord’s Chosen To Vet Testimonies Before Presentation

The Lagos State chapter of the Christian Association of Nigeria has instructed the leadership of…

22 hours ago

Man Stabs Newlywed Wife To Death, Sets House On Fire In Lagos

A tragic incident unfolded at Amazing Grace Estate, Elepe, Ikorodu, Lagos State, as 30-year-old Motunrayo Olaniyi…

1 day ago

Zenith Bank Enhances E-Channel Services For Customers

Zenith Bank, one of Nigeria’s leading financial institutions, has restored improved services across its electronic…

2 days ago

BREAKING: Explosion Rocks Rivers APC Secretariat Hours To LG Election

There is currently tension in Rivers State as individuals suspected of arson reportedly detonated explosives…

2 days ago