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JUST IN: Dollar To Naira Exchange Rate/Black Market Rate

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JUST IN: Dollar To Naira Exchange Rate/Black Market Rate - Naija News 247

Thursday, 10th February 2022: 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 rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

The official rate today, Thursday, February 10th, 2022, for $1 dollar to naira = ₦415.77/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦415.77/$1 on Thursday 10th, after it closed at ₦416.00 to a $1 on Wednesday, 9th January 2022.

Naija News reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

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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 N568 and sell at N570 on Thursday February 10th 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.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦415.77/$1 on 10th February 2022 and closed at ₦416.67/$1. Showing a change of 0.16%.

According to data from FMDQ, forex daily turnover stands at $109.75 million.

Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00

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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.

CBN To Stop Selling Forex To Banks In 2022

The Central Bank of Nigeria (CBN) on Thursday announced that it will stop selling forex to Deposit Money Banks (DMBs) by the end of 2022.

Naija News reports that this was made known by the CBN Governor Godwin Emefiele.

He stated this in Abuja at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.

According to the Apex bank governor, banks need to go out and source for forex by funding entrepreneurs with ideas.

Emefiele said the CBN will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.

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He said the CBN’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022.

Source: Naija News

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Headlines

Tension as unknown gunmen attack military checkpoint in Enugu

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BREAKING: Gunmen kill three policemen at Enugu checkpoint

Naija News

Two people are presumed dead in Enugu State after an attack by unknown gunmen on Tuesday morning.

The gunmen attacked an Army checkpoint on the Obeagu-Amodu road in Enugu South Local Government Area of Enugu State, according to reports.

This is not the first time gunmen were attacking security agencies along that axis. The frequent attacks led to the deployment of the combined team of security operatives.

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However, it was gathered that the gunmen stormed the area again in two Lexus Jeeps and one Toyota Sienna bus around 7:25 a.m.

They reportedly opened fire at the combined team of the Police and the military.

Although the casualty figure is still unclear, a source said at least two persons died.

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The police in Enugu State is yet to issue a statement on the reported attack.

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APC postpones campaign kick-off indefinitely

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2023: Why consensus may not work for presidential primary – APC chairman

Naija News

The All Progressives Congress APC Presidential Campaign Council has postponed the kick-off of its campaigns earlier slated for Wednesday.

Director-General, of the Tinubu/Shettima Presidential Campaign Council and Governor of Plateau State, Simon Lalong disclosed this in a statement Tuesday.

According to him, the adjustment of the timetable and schedule of activities is in order to accommodate growing interests showing by various political tendencies in being party of the campaign council.

According to him, a new date for the kick-off would be announced soon.

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The statement reads; “Recall that we had earlier earmarked a peace walk and prayers for Wednesday, September 28, 2022, to officially kick-off our campaigns for the 2023 Presidential Elections. We had also announced that the members of the Campaign Council report at the Campaign Headquarters on that day to collect their letters of appointments.

“However, due to the expansion of the list to accommodate more stakeholders and interests within the APC family, we have decided to adjust the time-table of these activities in order to ensure everyone is on board before activities officially commence. Consequently, the activities earlier announced for the 28th of September will no longer hold

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“As the ruling and most attractive party in Nigeria, we understand the sacrifices and understanding of our teeming members who are more than willing to volunteer themselves for this great task ahead. It also shows the enormous love that the party members have for our candidates

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“A new date and time-table of events will be announced soon”.

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Kidnap kingpin John Ewa paraded in Yenagoa

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Kidnap kingpin John Ewa paraded in Yenagoa

Naija News

John Ewa, the Bayelsa born suspected kidnap kingpin, who was arrested in Abuja and alleged to be responsible for high-profile kidnappings in the State is currently being paraded alongside three members of his gang by the Bayelsa State Police Command at the Police Officers Mess, Yenagoa Bayelsa State.

It was reported that the suspected kidnap kingpin had been on the wanted list of the police for various alleged abductions in the state.

  Obiano not released from detention, transferred to Abuja – EFCC

Naija News 247 gathered that the police trailed Ewa, who goes by the alias ‘Lion’, to Abuja where they nabbed him on Saturday.

The suspect, who flaunts wealth on social media, is believed to be involved in several kidnap incidents around Yenagoa, the state capital.

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In a six-second clip that trended on social media at the weekend, Ewa, dressed in his pyjamas, was seen displaying few notes of foreign currency saying, “Get money for this life, hustle, hustle.”

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