Dollar To Naira Exchange Rate Today

The Central Bank of Nigeria (CBN) publishes the exchange rate of the Nigerian naira to the US dollar daily.

This information is very important for businesses and individuals who need to convert between the two currencies.

CBN Official naira to dollar rate today Buying rate: 746.43 naira per US dollar Selling rate: 747.43 naira per US dollar

The CBN Official naira to dollar, effective as of today, play a significant role in facilitating financial transactions and conversions between the Nigerian naira and the US dollar. It is important to note that exchange rates may fluctuate in response to market conditions and other factors.

The Dollar to Naira bank rate today is ₦ 746.43 to one dollar. Therefore 100 dollar to naira will give 76,950 CBN Official dollar to Naira yesterday

The CBN Exchange Rate for Naira to Dollar closed yesterday at 773.02.

CBN Exchange Rate for Naira to Dollar explainer This means that if you want to buy 1 US dollar at the Central Bank of Nigeria (CBN) or the Importer and Exporter (I & E) Foreign Exchange Windows, you will need to pay N747.43.

Conversely, if you wish to sell your dollar at the I & E window, 1 US dollar will yield you N746.43.” What happened to Nigerian naira to US dollar

The exchange rate can fluctuate from day to day, so it is important to check the CBN website for the latest rates before making any transactions. Meanwhile, the Central Bank of Nigeria (CBN) has introduced new guidelines for the sale of foreign exchange by Bureau De Change (BDC) operators, marking a significant shift in the country’s forex practices.

This announcement follows years of the CBN’s prohibition of forex sales to BDC operators, a decision initially declared by former CBN governor Godwin Emefiele in 2021.

…….The new guidelines seek to stabilize the foreign exchange market and curb deviations from BDCs’ intended purpose of serving retail customers seeking smaller sums of currency. BDC operators are now required to adhere to a specified buying and selling spread and to submit periodic reports through an upgraded system. Failure to comply may result in penalties, including the revocation of operating licenses.

,,,,The guidelines reflect CBN’s commitment to maintaining foreign exchange market stability and fostering responsible financial conduct