Dollar To Naira Black Market Rate Exchange Rate Today December 4, 2021

Dollar To Naira Exchange Rate Today December 4th, 2021, (Black Market Rate)

The official rate today, Saturday, December 4th, 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 N557/558 and sell for 558 on Friday, December 4th, 2021, according to sources at Bureau De Change (BDC).

The Black Market rate today, Saturday, December 4th, for $1 dollar to naira =N555/558

This online newspaper understands that the Naira closed flat against the US dollar on Monday at N415.07/$1, the same as recorded in the past three trading sessions. This is despite trading as high as N456.97 during the intra-day sessions.

Meanwhile, in a survey conducted by Brand News Day Nigeria, the dollar to Naira exchange rate varies in the market as some players exchange the US dollar at a higher rate, considering the relationship with the seller. Which in turn it’s been sold at a higher rate. Selling of dollar to naira in the black market, players buy at the rate of N555 to N558 to a dollar while it is being sold at the rate of 565/567 respectively.

What You Should know

• Dollar to Naira exchange rate rallied between 550 to 558 since the past week
• The exchange rate varies from one seller to another
• Importantly, 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.