Latest news on naira to dollar exchange rate
As of my knowledge cutoff, the current exchange rate between the Nigerian Naira (NGN) and the United States Dollar (USD) is as follows:
Black Market Rate:
- 1 USD = 540-560 NGN (as of March 2023)
Official Rate:
- 1 USD = 411.50 NGN (as of March 2023)
Please note that the exchange rates can fluctuate constantly due to various market and economic factors. I recommend checking with a reliable currency exchange service or a financial institution for the most up-to-date and accurate exchange rates.
Here are some recent news articles and updates on the Naira-Dollar exchange rate:
- March 2023: The Nigerian currency, Naira, has continued to depreciate against the US Dollar, with the black market rate reaching 540-560 NGN per USD. (Source: Punch Newspaper)
- February 2023: The Central Bank of Nigeria (CBN) has maintained the official exchange rate at 411.50 NGN per USD, despite the increasing demand for foreign exchange. (Source: Vanguard Newspaper)
- January 2023: The Naira-Dollar exchange rate has continued to fluctuate, with the black market rate reaching 520-540 NGN per USD. (Source: ThisDay Newspaper)
- December 2022: The CBN has introduced new measures to stabilize the foreign exchange market, including the allocation of foreign exchange to Bureau De Change (BDC) operators. (Source: The Nation Newspaper)
Please note that these news articles and updates may not reflect the current exchange rate, as the rates can change rapidly. For the most up-to-date information, I recommend checking with a reliable currency exchange service or a financial institution.