What the markets say on the Dollar to Naira exchange rate today, Monday 27th December, 2021

54 views 11:30 am 0 Comments December 27, 2021

This is the news report on the Dollar to Naira exchange rate at the official and black market today Monday, 27th December, 2021 as gathered by Naija Catapult.

What is the Dollar to Naira exchange rate today?

OFFICIAL RATE:

The official exchange rate of one dollar (USD1) to naira (NGN) today Momday 27th December, 2021 = NGN(yet to be disclosed) /USD1.

According to the data at the FMDQ Security Exchange where Forex is officially traded, exchange rate between US dollar and the Nigeria naira opened at NGN(to be disclosed yet)/USD1 today Monday 27th December, 2021 after closing at NGN413.54/USD1 on Friday, 24th December, 2021.

BLACK MARKET:

The exchange rate of dollar to naira at the Lagos Parallel Market – Black market today, Monday 27th December, 2021, traders buy a dollar (USD1) at NGN(yet to be disclosed)

and sell at NGN(yet to be disclosed) according to sources at the Bureau De Change (BDC).

It is important to note that; The Central Bank of Nigeria (CBN) does not in any way recognize the Parallel market Known popularly as Black market, as it has directed individuals who want to engage in Forex to approach their banks respectively.

OFFICIAL NAFEX WINDOW:

The exchange rate of dollar to naira opened at NGN413.54/USD1 on Frisday 24th December, 2021 after closing at NGN(yet to be disclosed)USD1. The market change shows a difference of (yet to be disclosed) appropriately.

Thus, sourced data stands at USD — million from FMDQ, Forex turnover accordingly.

Read Naija Catapult updates on the official Dollar to Naira rates, Black market rates and Bureau De Change (BDC) rates on Mondays to Fridays daily.

(To be updated yet due to the public holiday today).

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