Dollar To Naira Exchange Rate Today 3 December 2021 (Black Market Rate)

Dollar To Naira Exchange Rate Today December 3rd, 2021, (Black Market Rate)

The official rate today, Friday, December 3rd, for $1 dollar to naira = ₦414.06/$1.

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 ₦414.06/$1 on Friday 3rd, after it closed at ₦414.80 to a $1 on Thursday, 2nd December 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 N555 and sell for 558 on Friday, December 3rd, 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 ₦414.06/$1 on 3rd December 2021 after closing at ₦414.80/$1. Showing a change of 0.03.

According to data from FMDQ, forex turnover stands at $139.67 million.

What You Should know

• FMDQ, forex turnover stands at $139.67 million, as of the time of this writing
• The dollar to Naira exchange rate is determined by players in the black market across the country
• 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.