This is the news about Dollar to Naira rate at the official and black market exchange rate Today January 11, 2022.
Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday January 11th 2022, for $1 dollar to naira = ₦(yet to be disclosed)/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦(yet to be disclosed)/$1 on Tuesday 11th, after it closed at ₦413.76 to a $1 on Monday, 10th January 2022.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N565 and sell at N567 on Tuesday, January 11th 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦413.76/$1 on 10th January 2022 and also closed at ₦413.76/$1.
According to data from FMDQ, forex turnover stands at…
Meanwhile, the Nigerian Stock Market ended on a positive note on Friday as the likes of Airtel Africa Plc, BUA Foods, Lafarge Africa Plc, and FBN Holdings Plc gained ₦1.33 trillion to end the first trading week.
The stoke market last Friday saw all the share index increase by 2.7 percent to close at 43,854.42 basis points, from the 42,716.44 basis points it closed in 2021.
Also, the market capitalization rose to N23.628 trillion from the N22.296 trillion the stock market opened with trading on the first day on Tuesday.
The market closing on a positive note was influenced by foreign investors and high net worth investors’ demand for Airtel Africa Plc, BUA Foods, Lafarge Africa Plc, and FBN Holdings Plc.
It was learned that the demand for Airtel Africa gained 10 percent to close at N1,050.50; bargain hunting in BUA Foods appreciated by 9.9 percent to close at N53.20.
Notably, Lafarge Africa gained 7.7 percent to close at N25.80; and FBN Holdings added four percent to close at N11.85, and spurred the weekly gain.
All other indices finished higher with the exception of NGX Premium, NGX insurance, NGX AFR Div Yield, NGX Meri Growth, NGX Consumer Goods, NGX Lotus II Indices, which depreciated by 0.47per cent, 0.93 percent, 0.97 percent, 0.66 percent, 0.87 percent, and 0.12 percent, respectively, while the NGX ASeM and NGX Sovereign bond indices closed flat.