Dollar To Naira Exchange Rate Today 16 December 2021

Dollar To Naira Exchange Rate Today 16 December 2021

 

This is the news about Dollar to Naira rate at the official and black market exchange rate Today December 16, 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.

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READ ALSO: CBN Issues Guidelines for the Agricultural Credit Guarantee Scheme (Full Details)

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

The official rate today, Thursday December 16th, for $1 dollar to naira = ₦414.13/$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 ₦414.13/$1 on Thursday 16th, after it closed at ₦414.25 to a $1 on Wednesday, 15th December 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) players buy a dollar for N564 and sell at N567 on Thursday, December 16th 2021, 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: How CBN to Intend Deal with Farmers who Fail to Pay Back Loans

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦414.13/$1 on 16th December 2021 after closing at 414.25/$ on 15th December. Showing a change of 0.06%.

According to data from FMDQ, forex turnover stands at $177.60 million.

 

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