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Dollar To Naira Exchange Rate Today, 5 May 2022
Here is the USD to Naira exchange rate for today
On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market.
When we checked on local dealers reports on forex in Lagos and Abuja respectively the Dollar To Naira Exchange Rate is
590, this means you can buy Dollar at 590 while you can sell at 585
More the second most traded currency known as Euro/Naira traded at 616 and 606 respectively in the black market.
Interestingly at the same time the Pound To Naira Exchange Rate is 763, while you can sell a pound for 750 at the black market rate
Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | 590 |
| Buying Rate | 585 |
| Pounds to Naira (USD to NGN) | CBN Official Exchange Rate Today |
| Selling Rate | 416 |
| Buying Rate | 416 |
You have to understand that the Naira is under pressure, leaving the FX market in a constant state of flux. You can’t predict what the market will turn out to be but we are trying our best to track what rate the USD/Naira are traded on daily basis.
| Date | Currency | Selling(NGN) | Buying(NGN) |
May 5, 2022 | US DOLLAR | 590 | 585 |
May 5, 2022 | POUNDS STERLING | 763 | 750 |
May 5, 2022 | EURO | 616 | 606 |
A correspondent, who visited the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, observed that the dollar was sold for 585 as opposed to the 590 it was sold for previous.
In Lagos, the dollar was sold at 585 while in Kano it was 585.
This is coming at a time after the Central Bank hit hard on Abokifx forcing the online portal to shut down it services
https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/
Black Market table rate
| 1 | 590 |
| 5 | 2950 |
| 10 | 5900 |
| 15 | 8850 |
| 20 | 11800 |
| 25 | 14750 |
| 30 | 17700 |
| 40 | 23600 |
| 50 | 29500 |
| 100 | 59000 |
| 150 | 88500 |
| 200 | 118000 |
| 250 | 147500 |
| 300 | 177000 |
| 350 | 206500 |
| 500 | 295000 |
| 750 | 442500 |
| 1000 | 590000 |
| 1500 | 885000 |
| 2000 | 1180000 |
| 5000 | 2950000 |
| 10000 | 5900000 |
We bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today, being
the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market .
From the standpoint of view the market seems to be indicating for a further fall
Remember that the currency symbol for Dollar (US Dollar) is $. All figures here are for information purposes ONLY.
Our team are constantly monitoring the USD/NGN (Dollar to Naira) exchange rate and updating accordingly.
