Dollar To Naira Exchange Rate For Friday 12 November 2021

Dollar to Naira exchange rate for Friday 12 November 2021, the black market rate can be accessed below.

Onyxnewsng 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.

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

The official rate today, Friday, November 12th, for $1 dollar to naira = ₦414.39/$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 ₦414.39/$1 on Friday 12th November, after it closed at ₦414.73 to a $1 on 11th 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 and Abuja Parallel Market (Black Market) for today, Friday, November 12th sells at N555/1$, and buy at ₦560 according to our correspondence who visited the Bureau De Change (BDC) this morning.

Though, 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 ₦414.28 /$1 on 11 November 2021 and closed at ₦414.73/$1. Showing a change of 0.03. According to data from FMDQ.

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 ₦555 to ₦560 and the price can change (high or low ) within hours.