Latest US Dollar To Naira Black Market Rates Today, 29 August 2022

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 Latest US Dollar To Naira Black Market Rates Today, 29 August 2022

Dollar to naira exchange rate today

What is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? How much is the Dollar to Naira exchange rate today, 29th August 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market, or parallel market rate.

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How Much Is Dollar To Naira Exchange Rate Today Official Rate?

READ ALSO: Some of the Most Brilliant Money Tips Condensed into Tiny Sentences (INSIGHTFUL)

The official rate on, Friday, August 26th, 2022, for 1 dollar to naira = ₦429.50/$1.

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According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦429.50/$1 on Friday 26th August and closed at ₦430.33 to $1.

US Dollar to Naira Black Market Rate Today, 28th August 2022.

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

Buying Rate 680

Selling Rate 690

The US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and the demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).

IN OTHER BUSINESS NEWS

Insurance Industry’s Premium Rises 10% To N560bn

The sum of N560bn has been generated by the Nigerian insurance industry from businesses written in the 2021 financial period.

The outgoing Chairman of the Nigerian Insurers Association, Ganiyu Musa, revealed this on Thursday during its 51st annual general meeting in Lagos.

The Managing Director/Chief Executive Officer, Old Mutual Nigeria Life Insurance Company Limited, Olusegun Omosehin during the meeting emerged as the new chairman of NIA.

Musa said, “Notwithstanding these challenges, the insurance industry continues to perform its statutory role of financial intermediation and business restoration.

“The volume of business written by member companies grew from N508bn in 2020 to about N560bn in 2021, representing an increase of 10 per cent.”

Musa said the association, in collaboration with the National Insurance Commission, had embarked on various initiatives to deepen insurance penetration.

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