Dollar To Naira Exchange Rate Today, 7 March 2022

Friday, 4 March 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, March 4, 2022, for $1 dollar to naira = ₦415.7/$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 ₦415.7/$1 on Friday 4th, after it closed at ₦416.50 to a $1 on Thursday, 3rd March 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 N571 and sell at N576 on Friday, March 4th 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 ₦415.7/$1 on 4th March and closed at ₦416.67/$1. Showing a change of 0.04%.

According to data from FMDQ, forex daily turnover stands at $115.26 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.

Dangote Cement To Pay Nigerian Govt ₦174bn As 2021 Revenue Hits ₦993b

Dangote Cement Plc is expected to pay the sum of N173.93 billion as tax to the Nigerian government for the year 2021.

As revealed in the company’s 2021 financial year audit reports, its sales volume stood at 18.61Mt, against the 10.86Mt reported in other African operations, for Full Year 2021.

Dangote Cement maintained its position as one of the highest private sector contributors to Nigeria’s economy, Naija News reports.

According to the cement group’s audited results released on the portal of the Nigerian Exchange Ltd (NGX), the tax charge represents an increase of 78.7 per cent over N97.24 billion in 2020.

This article was originally published on Nigeria News