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Dollar To Naira Exchange Rate Today 29th December 2021

Dollar To Naira Exchange Rate

Dollar To Naira Exchange Rate Today 29th December 2021

Dollar to Naira exchange rate at the official and black market exchange rates today December 29, 2021.

iexclusive News provides an update on official dollar rates, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) prices.

The official rate today, Wednesday December 29th, for $1 dollar to naira = ₦(yet to be disclosed)$1.

According to data from the FMDQ Security Exchange, where forex is officially exchanged, the naira and the US dollar exchange rate began at (yet to be disclosed)/$1 on Wednesday, December 29th, after closing at 415.10 to a dollar on Friday, December 24th, 2021.

How much is exchange rate of Dollar to Naira in Black Market today?

According to reports at Bureau De Change, on Wednesday, December 29th 2021, participants at the Lagos Parallel Market (Black Market) buy a dollar for N565 and sell it for N568 (BDC).

Read More: President Buhari To Sign 2022 Budget On Friday

Please note that the Central Bank of Nigeria (CBN) does not recognize 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 ₦413.54/$1 on 24th December 2021 and closed at N415.10/$1. Showing a change of 0.09%.

According to data from FMDQ, forex turnover stands at $168.62 million.

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