Business & Economy

Dollar To Naira Black Market Exchange Rate Today December 9, 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, December 9, 2021, Dollar to Naira black market exchange rate today has been released.

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

December 9 dollar to naira official market exchange rate: $1 dollar to naira =₦413.71

Dollar To Naira Exchange Rate Today for December 9th, 2021 can be viewed below:

Dollar to Naira black market exchange rate today, Thursday, December 9 2021 has been obtained by this online news platform. You can access the dollar to naira official exchange rate today.

Dollar To Naira Exchange Rate Today December 9, 2021

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

Brand News Day Nigeria understands that 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 opened at ₦413.71 per dollar on Thursday, 9 December 2021, after it closed at ₦415.07 per $1 on Wednesday, 8 December 2021. This represents a change of 0.02.

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

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

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Black Market Dollar To Naira Exchange Rate Today 9th December 2021

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December 9 dollar to naira black market exchange rate: $1 dollar to naira = ₦571

Lagos parallel market (black market dollar exchange rate today)

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The local currency opened at N571.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 9 December 2021, in Lagos Nigeria after it closed N567.00 per $1 on Wednesday, 8 December 2021.

Even though the dollar to naira opened in the parallel market at ₦571 per $1 today, Brand News Day reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

Brand News Day Nigeria reports that at the black market, the players buy a dollar for N564 and sell for N571 on Thursday morning, December 9, 2021 after they bought N560 and sold for N567 on Wednesday morning, December 8, 2021.

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Meanwhile, Brand News Day Nigeria reports that the USD started this week at ₦565 in Parallel Market also known as Black Market on Monday, December 6, 2021 in Lagos Nigeria, after it opened at ₦558 last week Monday, November 29, 2021.

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
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