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Dollar To Naira Exchange Rate For Tuesday 16 November 2021, See Black Market Rate

Dollar to Naira exchange rate for Tuesday 16 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 ratesBureau De Change (BDC) rate, and CBN rates.

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

The official rate today, Monday, November 15th, for $1 dollar to naira = ₦414.55/$1.

The official exchange rate between the naira and the US dollar opened at ₦414.55/$1 on Tuesday 16th November, after it closed at ₦415.10 to a $1 on Monday, 15th November 2021, Onyxnewsng gathered from FMDQ Security Exchange where forex is officially traded.

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, Tuesday, November 16th sells at N530/1$, and buy at ₦540 according to enquiring made by Onyxnewsng from 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 ₦413.74 /$1 on Monday 15 November 2021 and closed at ₦415.10/$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 ₦530 to ₦540 and the price can change (high or low ) within hours.

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