News Rain Nigeria brings you the official dollar-to-naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
IMPORTANT NOTE: Note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦560 and the price can change (high or low ) within hours.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Tuesday, November 9th, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Tuesday 9th November, after it closed at ₦414.55 to a $1 on Monday, 8th November 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Monday, November 9th sells at N560/1$, 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.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦414.01 /$1 on 8 November 2021 and closed at ₦414.55/$1. Showing a change of 0.06.
According to data from FMDQ, forex turnover stands at $99.14million.
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