BusinessNews

Black Market Dollar To Naira Exchange Rate Today 31st December 2021

The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follow...

Black market dollar to naira exchange rate today 31st December 2021

Black market dollar to naira exchange rate today 31st December 2021 can be accessed below.

iexclusive News Nigeria 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 30 dollar to naira official market exchange rate: $1 dollar to naira =₦420.67

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 ₦420.67 per dollar on Friday, 31 December 2021, after it closed at ₦435.00 per $1 on Thursday, 30 December 2021. This represents a change of -0.06%.

How much is the exchange rate of the Dollar to Naira in the 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 31, 2021 (BLACK MARKET): 

December 31 dollar to naira black market exchange rate: $1 dollar to naira = ₦560

Dollar To Naira Exchange Rate Today
Dollar To Naira Exchange Rate Today

Lagos parallel market (black market dollar exchange rate today)

The local currency opened atN560.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 31 December 2021, in Lagos Nigeria, after it closed N560.00 per $1 on Thursday, 30 December 2021.

Even though the dollar to naira opened in the parallel market at ₦560 per $1 today,

iexclusivnews reports that the Central Bank of Nigeria (CBN) does not recognize 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.

iexclusive News Nigeria reports that at the black market, the players buy a dollar for N555 and sell for N560 on Friday morning, December 31, 2021, after they bought N555 and sold for N560 on Thursday, 30 December 2021.

However iexclusive News Nigeria reports that the USD started this week at ₦555 in Parallel Market also known as Black Market on Monday, December 27, 2021, in Lagos Nigeria, after it opened at ₦570 last week Monday, December 20, 2021.

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 thatyou can buy or sell 1 dollar at ₦560 and the price can change (high or low) within hours.

Disclaimer: IEXCLUSIVE NEWS NIGERIA 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.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button