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Dollar To Naira Exchange Rate Today 1 December 2021 [Black Market Rate]

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Black Market Dollar To Naira Exchange Rate

Dollar to Naira rate at the official and black market exchange rate Today December 1, 2021.

Truetells Nigeria update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

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

The official rate today, Wednesday December 1st, for $1 dollar to naira = ₦413.79/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.79/$1 on Wednesday 1, after it closed at ₦415.07 to a $1 on Tuesday, 30 November 2021.

How much is exchange rate of Dollar to Naira in Black Market today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N552 and sell for N558 on Wednesday, December 1 2021, according to sources at Bureau De Change (BDC).

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

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦413.79/$1 on 1st December 2021 after closing at ₦415.07/$1 on November 30th. Showing a change of 0.05.

According to data from FMDQ, forex turnover stands at $152.98 million.

“Deliberations are ongoing and accordingly, there can be no certainty as to the outcome,” the statement reads.

A further announcement will be made as and when appropriate, in line with regulatory requirements,” he added

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