Ibekimi Oriamaja Reports.
Thursday, July 21st: Here is the most recent information on the official and black market Dollar to Naira exchange rate.
Read the most recent Track News update on Nigeria’s official dollar rate, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates.
What Is the Current Official Dollar-Naira Exchange Rate?
The official rate for one dollar to one naira today, Thursday, July 21st, 2022, is 426.88/$1.
The exchange rate between the naira and the US dollar opened at 426.88/$1 on Thursday, July 21st, 2022, according to data obtained from the FMDQ, where the naira is officially traded, after closing at 426.58 to a $1 on Wednesday, July 20th, 2022.
Since the start of the new year, the dollar-to-naira exchange rate has remained stable at N416.69 per dollar, according to Tracknews .
How much is a dollar worth in naira today on the black market?
According to Bureau De Change sources, the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) participants on Thursday, July 21st is N610 to N630 (BDC).
Remember that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has advised individuals interested in Forex to contact their respective banks.
Dollar to Naira Black Market Rate Today
Today’s Black Market Dollar to Naira Exchange Rate 610 Buying Rate 630 Selling Rate
NAFEX official trading window
The naira/US dollar exchange rate opened at 426.88/$1 and closed at 426.00/$1 on July 21, 2022. With a -0.14 percent change and a $180.56 million daily turnover.
The forward rate reached as high as 424.50 and as low as 424.50, according to FMDQ data.
Spot rate: The dollar sold for as much as 444.00 per naira and as little as 414.00.
The current market price for exchanging one currency for another for delivery on the earliest possible value date is referred to as the spot exchange rate.
Business Startup and Ease of Doing Business Bills Pass in the Senate
The Nigerian Start-up Bill, 2022, was passed by the Senate on Wednesday after the Committee on ICT and Cyber Security considered a report.
In his presentation, Senator Oseni Yakubu (APC Kogi Central) revealed that the bill will create the National Council for Digital Innovation and Entrepreneurship.
He claims that once established, the council will create and develop an enabling environment in Nigeria for technology-enabled start-ups.
Meanwhile, another bill for an act to facilitate doing business in Nigeria in order to ensure transparency, efficiency, and productivity, among other things, received second reading in the Senate.
The bill was sponsored by Senator Ajayi Boroffice (APC – Ondo North), the Deputy Senate Leader.
After careful consideration, Senate President Ahmad Lawan referred the bill to the Committee on Trade and Investment for additional legislative input.
