This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 8th 2021.
Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN Rates.
How Much Is Dollar to Naira Exchange Rate Today Official Rate?
The official rate today, Monday November 8th, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Monday 8th November, after it closed at ₦414.30 to a $1 on Friday, 5th November 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Monday, November 8th sells at N575/1$, according to sources at Bureau De Change (BDC).
Please note that 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 ₦414.13 /$1 on 5 November, 2021 and closed at ₦414.30/$1. Showing a change -0.19.
According to data from FMDQ, forex turnover stands at $99.14million.