Friday, 24th June: This is the news about the Dollar to Naira rate at the official and black market exchange rate.
Read Naija News update on the official dollar rate in nigeria 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, Friday, June 24th, 2022, for $1 dollar to naira = ₦419.79/$1.
According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦419.79/$1 on Friday 24th after it closed at ₦420.17 to a $1 on Thursday, 23rd June 2022.
Dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.
How much is a dollar to naira today in the black market?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N590 and sell at N615 on Friday, June 24th 2022, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 590
Selling Rate 615
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦419.79/$1 on 24th June, 2022 and closed at ₦420.12/$1. Showing a change of –0.01% and a daily turnover of $162.98 million.
According to data from FMDQ, forward rate went as high as ₦453.55 and as low as ₦420.49.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦413.00.
A spot exchange rate is the current price level in the market to directly exchange one currency for another, for delivery on the earliest possible value date.
FG Eliminates 70,000 Ghost Workers Saves N10.2tn
Dr Dasuki Arabi, the Director-General, of the Public Service Reforms, has said that the Federal Government-backed Integration Personnel and Payroll Information System has exposed and gotten rid of 70,000 ghost workers in the civil service system while also saving at least N220bn via IPPIS.
Speaking at the 43rd session of the ministerial briefing organised by the Presidential Communication Team at the Presidential Villa, Abuja on Thursday, the DG stated that N10tn had been through the Treasury Single Account since it was fully implemented by the Buhari regime.
Speaking further on the Bureau’s performance Arabi noted that the IPPIS had successfully reduced the Federal Civil Service personnel to 720,000.