Dollar To Naira Black Market Exchange Rate Today December 8, 2021

Dollar To Naira Exchange Rate Today December 8, 2021

Brand News Day Nigeria understands that the local currency opened at N567 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 8 December 2021 in Lagos Nigeria after it closed at N565.00 on Tuesday, 7 December 2021. This represents a change of N2 from the previous day.

Brand News Day Nigeria reports that in the black market, the players buy a dollar for N562 and sell for N567 on Wednesday morning, December 8, 2021, after they bought N560 and sold for N565 on Tuesday morning, December.

What You Should know

• Dollar to Naira exchange rate rallied between 50 to 562 since the past week
• The black market exchange rate slightly varies from one seller to another, depending on the market
• 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 as a result of the forthcoming festival.