Dollar exchange rate to naira news today

Here are the latest dollar to naira exchange rate news and updates for today:

Current Exchange Rate:

As of today, the exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) is:

1 USD = 415 NGN (approximately)

Black Market Rate:

The black market rate, also known as the parallel market rate, is usually higher than the official rate. As of today, the black market rate is:

1 USD = 450-460 NGN (approximately)

Official Rate:

The official exchange rate, also known as the interbank rate, is set by the Central Bank of Nigeria (CBN). As of today, the official rate is:

1 USD = 410 NGN (approximately)

News and Updates:

Here are some recent news and updates that may affect the exchange rate:

• The CBN has maintained its stance on maintaining a stable exchange rate, despite the challenges posed by the COVID-19 pandemic and the global economic downturn.
• The Nigerian government has introduced measures to boost foreign exchange earnings, including the introduction of a new foreign exchange window for investors.
• The country's foreign exchange reserves have been declining in recent months, which may put pressure on the exchange rate.
• The naira has been experiencing volatility in recent weeks, with the exchange rate fluctuating between 410-420 NGN per dollar.

Forecasts:

Here are some forecasts from various sources:

• Bloomberg: The naira is expected to weaken to 420 NGN per dollar by the end of the year.
• Reuters: The naira is expected to trade at 415 NGN per dollar by the end of the year.
• FXTM: The naira is expected to trade at 420 NGN per dollar by the end of the year.

Please note that these forecasts are subject to change and may not reflect the actual exchange rate. It's always a good idea to check with a reliable currency exchange service or a financial institution for the latest exchange rate information.