Black market dollar to naira exchange rate today 16th December 2021 can be accessed below.
IMPORTANT NOTE: Please 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 ₦570 and the price can change (high or low) within hours.
Glamtush 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 =₦570
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
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 Thurssday, 16 December 2021, after it closed at #414.80 per $1 on Wednesday, 15 December 2021. This represents a change of 0.13.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES December 16 2021 (BLACK MARKET): dollar to naira exchange rate today black market
December 16 dollar to naira black market exchange rate: $1 dollar to naira = ₦572
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N570.00 per $1 at the parallel market
Even though the dollar to naira opened in the parallel market at ₦570 per $1 today, Glamtush reports that 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.
Glamtush reports that at the black market, the players buy a dollar for N565 and sell for N570 on Thursday morning, December 16, 2021 after they bought N567 and sold for N575 on Wednesday morning, December 15, 2021.
Meanwhile, Glamtush reports that the USD started this week at ₦566 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: GLAMTUSH 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.