Business & Economy

BREAKING: Dollar To Naira Black Market Exchange Rate Today 5 November 2021

Dollar to Naira CBN Exchange Rate today : Dollar to Naira Black Market Exchange Rate Today. www.brandnewsday.com

The latest news on the US Dollar to Naira exchange rate today, 5 November 2021, Dollar to Naira today (black market exchange rate today) has been obtained.

Brand News Day Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today including the Black Market rate, Bureau De Change (BDC) rate, and the CBN exchange rate today.

Black Market Dollar To Naira Exchange Rate for 5th November 2021 can be accessed below:

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How Much Is Dollar To Naira Today Official Rate?

Dollar to Naira rate today 5th November as been published by this reporter. Also, you can also view the dollar to naira official exchange rate today: $1 dollar to naira =₦414.13/$1

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira ₦414.13 /$1 on 5 November 2021 after closing at ₦415.10/$1 on November 4th. This represents a change of -0.09.

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

Dollar to Naira CBN Exchange Rate today : Dollar to Naira Black Market Exchange Rate Today.
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The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Friday, 5th November sells at N565/1$, according to sources at Bureau De Change (BDC).

Brand News Day correspondent while speaking to Dollar to Naira Black Market operator, the operator disclosed that he buys dollars to naira at the rate of N562/$1 and sells at the rate of N565/1$.

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READ: Zenith Bank Assures Customers On Seamless Transactions, Apologizes For Disruptions During Infrastructure Upgrade

As against some speculations across some platforms that dollar to naira is exchanged at N570 and sold at N575/1$. The reverse is the case as The dollar to naira black market rate today, Friday, 5th of November is N565/1$.

However, the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market) alongside its operators, 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 ₦414.13 /$1 on 5 November 2021 after closing at ₦415.10/$1 on November 4th. Showing a change -0.09.

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According to data from FMDQ as of Friday, November 5th 2021, forex turnover stands at $129.54 million.

What you should Know

  • The Dollar to Naira official exchange rate today, Friday, 5th of November is a dollar to Naira exchange rate at = ₦414.13/$1
  • The Dollar to Naira black market exchange rate today is = N565/1$
  • As against several speculations across some spaces that dollar to naira is exchanged at N570 and sold at N575/1$. The dollar to naira black market rate today, Friday, 5th of November is N565/1$
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