Read 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?
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 ₦(yet to be disclosed)/$1 on Tuesday 16, after it closed at ₦415.10 to a $1 on Monday, 15 November 2021.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Tuesday, November 16th sells between N535 and N540/1$, 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.
The exchange rate between the naira and the US dollar opened at ₦413.74/$1 on 15th November 2021 and closed at ₦415.10/$1.
According to data from FMDQ, forex turnover stands at $138.37 million.
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