Dollar To Naira Exchange Rate For Thursday 16 December 2021, See Black Market Rate

Dollar to Naira exchange rate for Thursday 16 December 2021, black market rate can also 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, Thursday, December 16th, for $1 dollar to naira = ₦414.13/$1.

Onyxnewsng gathered from FMDQ Security Exchange where forex is officially traded, that the official exchange rate between the naira and the US dollar opened at ₦414.13/$1 on Thursday 16th December, after it closed at ₦414.25 to a $1 on Wednesday, December 15th 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, Thursday, December 16th sells at N568/1$, and buy at ₦572 according to the Bureau De Change (BDC) this morning.

However, 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 ₦413.87/$1 on Wednesday 15th December 2021 and closed at ₦414.25/$1 on same day. Showing a change of 0.13. According to data from FMDQ.

PLEASE 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 ₦570 to ₦575 and the price can change (high or low ) within hours.