VANTAGE NEWS is pleased to bring to you news about Dollar to Naira rate at the black market exchange rate Today December 7, 2021.
Today’s Dollar To Naira Exchange At Black Market
Information from Bureau De Change (BDC) indicates that exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) sees players buy a dollar for N560 and sell for N562 on Tuesday morning, December 7, 2021.
It is important, however, to note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), having 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 ₦414.06/$1 on 3rd December 2021 and closed at ₦414.73/$1. This shows a difference of -0.02.
Data from FMDQ shows that forex turnover stands at $103.01 million.
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