The following is the official and Black Market Dollar To Naira Today news for the 13th of December, 2021.
Read the most recent updates on official dollar rates, as well as Black Market Dollar To Naira Exchange Rate Today, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates.
What Is Today’s Official Dollar To Naira Exchange Rate?
Today, Monday, December 13th, the official rate for one dollar to one naira is ₦413.60$1.
According to data from the FMDQ Security Exchange, where forex is officially traded, the naira and the US dollar exchange rate opened at ₦413.60/$1 on Monday, December 13th, after closing at 415.07 to a dollar on Friday, December 10th, 2021.
What is the current Black Market Dollar to Naira exchange rate?
According to Bureau De Change (BDC) sources, on Monday, December 13th 2021, the exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) was N562 for a dollar and N565 for a dollar.
Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has advised individuals interested in trading Forex to contact their local banks.
Trading at the NAFEX official window
On December 10, 2021, the naira and the US dollar exchange rate opened at 413.69/$1 and closed at 415.07/$.
Forex turnover is $453.38 million, according to data from FMDQ.
Meanwhile, after the central bank’s decision to stop supplying foreign currency to exchange bureaus at the end of July, the naira, Nigeria’s native currency, resumed its wild plunge in the parallel market on Thursday.
The official market exchange rate of 415 naira to the dollar has remained unchanged, but the black market rate has decreased to 572 naira to the dollar.
At the Investors and Exporters forex window on Wednesday, the naira and the US dollar exchange rate ended at 413/$1 and opened at 415/$1 on Thursday.
In September, Nigeria’s central bank tightened its stance in an attempt to save the country’s currency from plummeting.
The Aboki FX website was forced to close after providing exchange rates on the illegal currency market since 2014.
The Nigerian central bank accused the site’s founder of manipulating exchange rates, which the bank’s governor claimed would “kill” the Nigerian economy.