Dollar To Naira Exchange Rate Today 5 November 2021

Dollar To Naira Exchange Rate Today 5 November 2021

 

This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 5th 2021.

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World Farmers Centre update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.

READ ALSO: Dollar To Naira Exchange Rate Today 4th November 2021

How Much Is Dollar To Naira Exchange Rate Today Official Rate.

The official rate today, Friday, November 5th, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Friday 5th November, after it closed at ₦415.10 to a $1 on Thursday, 4th November 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) for today, Friday, November 5th sells at N570/1$, according to sources at Bureau De Change (BDC).

READ ALSO: How to get loan for Your Farm Business from WEMA Bank

Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦414.49/$1 on 4 November 2021 and closed at ₦415.10/$1. Showing a change of 0.07.

According to data from FMDQ as of Thursday, November 4th 2021, forex turnover stands at $133.37 million.

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