The latest news on the US Dollar to Naira exchange rate today, December 10, 2021, Dollar to Naira black market exchange rate today has been released.
Dollar To Naira Exchange Rate Today for December 11th, 2021 can be viewed below:
December 10 dollar to naira official market exchange rate: $1 dollar to naira =₦413.71
Dollar To Naira Exchange Rate Today December 10, 2021
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 Friday, 10 December 2021, after it closed at ₦415.07 per $1 on Thursday, 9 December 2021. This represents a change of 0.02.
How much is exchange rate of Dollar to Naira in Black Market today?
The black market dollar exchange rate today in Nigeria is as follows:
Black Market Dollar To Naira Exchange Rate Today 10 December 2021
December 10 dollar to naira black market exchange rate: $1 dollar to naira = ₦571
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N571.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 10 December 2021, in Lagos, Nigeria after it closed N571.00 per $1 the previous day.
Importantly, the dollar to naira opened in the parallel market at ₦571 per $1 today, Brand News Day Nigeria gathers that the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, popularly referred to as the black market.
Brand News Day Nigeria reports that at the black market, the players buy a dollar for N564 and sell for N571 on Friday morning, December 10, 2021, after they bought N560 and sold for N567 on Thursday.
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 550 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