BREAKING: Dollar To Naira Exchange Rate Today, 14 February 2022
Friday, 11th 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.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Friday, February 11th, 2022, for $1 dollar to naira = ₦415.31/$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 ₦415.31/$1 on Friday 11th, after it closed at ₦416.67 to a $1 on Thursday, 10th 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.
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 Friday February 11th 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 ₦415.31/$1 on 11th February 2022 and closed at ₦416.00/$1. Showing a change of -0.16%.
According to data from FMDQ, forex daily turnover stands at $84.65 million.
Spot rate: The dollar sold to the naira as high as ₦444.00 and as low as ₦410.00
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.
Nigerian Economy Recorded $23.3bn Investment Proposal In 2021 – NIPC
Meanwhile, the Nigerian Investment Promotion Commission (NIPC) has said the Nigerian economy recorded $23.3 billion in 2021 compared to the $16.7 billion recorded in 2020.
Naija News reports that NIPC’s Acting Executive Secretary, Emma Offor, made this known in its 2021 investment announcement report, on Wednesday in Abuja.
Offor added that investment pledges from domestic and international investors for Nigeria accelerated by 39 per cent last year, according to the pool of investment decisions tracked by the NIPC.
The NIPC boss noted that the year 2021 was a critical one for investors in Nigeria and globally as Africa’s largest economy recovers from the headwinds of COVID-19.
According to Offor, Lagos, Bayelsa, Delta, Akwa Ibom and Adamawa reported the biggest investments in value terms, attracting $8.7 billion, $3.6 billion, $2.9 billion, $2 billion and $1 billion in that order.
This article was originally published on Naija News
