Banks Dollar to Naira Exchange Rate Today, September 4, 2022 (Official Rate)

LAGOS PARALLEL MARKET RATES September 3, 2022 (BLACK MARKET)

The local currency opened at N705.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, September 4, 2022, in Lagos Nigeria after it closed at N695.00 per $1 on Saturday, September 3, 2022. This represents a change in N4 from the previous day.

Trading at the official NAFEX window 

The exchange rate at the official market closed at N430/$1 to a dollar on Friday, 2nd September 2022, from N429.44/$1 recorded in the previous trading session. 

• The opening indicative rate closed at N429/$1 on Thursday, 1st September 2022, compared to N429.17/$1 recorded in the previous day. 
• Furthermore, an exchange rate of N437/$1 was the highest rate recorded during intra-day trading before it settled at N430/$1, while it traded as low as N417/$1 during intra-day trading. 
• A total of $74.68 million in FX value was traded in the Investors and Exporters window on Thursday, a 31.78% dip from $109.47 million that exchanged hands in the previous day.