Dollar To Naira Exchange Rate Today 12 November 2021

Dollar To Naira Exchange Rate Today 12 November 2021

 

This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 12, 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.

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

READ ALSO: Dollar to Naira Exchange Rate for Today 11 November 2021

The official rate today, Friday November 12, for $1 dollar to naira = ₦414.39/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦414.39/$1 on Friday 12, after it closed at ₦414.73 to a $1 on Thursday, 11 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 12th sells at N530/1$, according to sources at Bureau De Change (BDC).

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.

READ ALSO: What is Hindering Bank of Agriculture from Giving Loan to Farmers

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦414.39/$1 on 12th November 2021 after closing at ₦414.73/$1. Showing a change of 0.03%.

According to data from FMDQ, forex turnover stands at $82.01 million.

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