The black market dollar to naira exchange rate for today, December 12th, 2021, can be found below.
IMPORTANT NOTE: Please keep in mind that the exchange rate changes on an hourly basis.
… It is determined by the amount of money available and the demand. That is, you can buy or sell one dollar at 572, and the price can change (high or low) within hours.
Ireportnews has obtained the official dollar-to-naira exchange rate in Nigeria today, which includes Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
Dollar to naira official market exchange rate on December 12: $1 =…
How Much Is Today’s Official Dollar-Naira Exchange Rate?
According to the data posted on the FMDQ Security Exchange, where forex is officially traded, the Naira opened at… per dollar on Sunday, December 12th.
Despite the fact that the dollar to naira exchange rate opened in the parallel market today at 572 per $1, Brand Spur Nigeria reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, also known as the black market. As a result, the apex bank has directed anyone in need of forex to contact their bank, emphasizing that the I&E window is the only known exchange.
According to Ireportnews Nigeria, on the black market, the players buy a dollar for N567 and sell it for N572 on Sunday morning, December 12, 2021, after buying N565 and selling it for N570 on Friday morning, December 10, 2021.
Meanwhile, Ireportnews Nigeria reports that the USD opened this week at 565 in Lagos Nigeria’s Parallel Market, also known as the Black Market, on Monday, December 6, 2021, after opening at 558 last week on Monday, November 29, 2021.