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Dollar To Naira Exchange Rate Today 28/02/2022 – Black Market Rate

Today, February 28, 2022, this is the news about Dollar to Naira exchange rate at the official and black market exchange rates.

Read the latest updates from ArewaVip News on official dollar rates, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) prices.

What Is Today’s Official Dollar To Naira Exchange Rate?

Today, Monday, February 28th, 2022, the official rate for $1 to naira is (yet to be disclosed)/$1.
According to data from the FMDQ Security Exchange, where forex is officially exchanged, the naira and the US dollar exchange rate began at (416.69)/$1

What is the current Black Market Dollar to Naira conversion rate?

According to sources at the Bureau De Change, on Monday, February 28th 2022, players at the Lagos Parallel Market (Black Market) buy a dollar for N571 and sell it for N576 (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has advised individuals interested in trading Forex to contact their local banks.

Trading at the NAFEX official window

On January 24, 2022, the naira and the US dollar exchange rate started at 415.31/$1 and finished at 416.38/$1. There has been a 0.09 percent change.

Forex turnover is $136.90 million, according to data from FMDQ.

In other news, Computer Warehouse Group (CWG), a significant Information Technology service management firm in Nigeria that includes Transcorp and First Bank Holdings, dominated last week’s capital market investment by volume, according to reports.

According to Naija News, the three companies contributed 43.65% and 4.38 percent of the total stock turnover volume and value, respectively.

According to the Nigerian Exchange Group’s report on last week’s trading operations, 1.858 billion shares worth N47.486 billion changed hands in 20,861 transactions.

According to the trading statistics, investment into the Nigerian stock exchange increased when compared to the 1.600 billion shares moved in 22,607 deals for N32.71 billion last week.

Financial Services Industry, ICT Industry, and Conglomerates are the best three performing sectors in the last five days of trade, according to the analysis.

The Financial Service Industry topped the capital market activity, with investors trading 815.363 million shares worth N7.066 billion in 10,736 transactions.

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