Checkout Dollar To Naira Exchange Rate Today

Checkout Dollar To Naira Exchange Rate Today

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

December 16 dollar to naira official market exchange rate: $1 dollar to naira =₦414.13

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 ₦414.13 per dollar on Thursday, 16 December 2021, after it closed at ₦414.80 per $1 on Wednesday, 15 December 2021. This represents a change of 0.06%.

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

December 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦570

Lagos parallel market (black market dollar exchange rate today)

The local currency opened at N570.00 per $1 at the parallel market otherwise known as the black market, today, Thursday, 16 December 2021, in Lagos Nigeria after it closed N572.00 per $1 on Wednesday, 15 December 2021.

Even though the dollar to naira opened in the parallel market at ₦570 per $1 today, 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.

However, at the black market, the players buy a dollar for N565 and sell for N570 on Thursday morning, December 15, 2021 after they bought N567 and sold for N572 on Wednesday morning, December 14, 2021.

THECONSCIENCEng reports that the USD started this week at ₦572 in Parallel Market also known as Black Market on Monday, December 13, 2021 in Lagos Nigeria, after it opened at ₦565 last week Monday, December 6, 2021.

Disclaimer: THECONSCIENCEng does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.