Dollar To Naira Exchange Rate Today December 01, 2021 (Black Market Rate)

According to the data at the FMDQ Security Exchange where forex is traded officially, the 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 recognize 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.

What You Should know

• FMDQ, forex turnover stands at $152.98 million.
• The dollar to Naira exchange rate is determined by players in the markets
• As of today, the number of investors demanding dollars in the market is on the high (According to a survey from our correspondent) the hike is thus as the forthcoming festival.