Dollar to Naira exchange rate today 16th January 2024

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NewsBand brings to you the current official dollar to naira exchange rates in Nigeria.

The Nigerian Naira on Tuesday traded against the United States dollar at the parallel market for N1,295/$1.

The naira, it was gathered, closed at N1,295/$1, on Monday, and maintained same value on Tuesday.

According to Aboki FX, while the dollar traded for N1,295/$1, the British Pound (GBP), also maintained its stability at N1,650/ £1 in the last 24 hours.

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Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

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