Business

Dollar To Naira Exchange Rate As At December 6

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Information gathered from  the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.85/$1 on Monday 6th, after it closed at ₦414.73 to a $1 on Friday, 3rd December 2021.

 Likewise,the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N560 and sell for N562 on Monday, December 6th 2021, according to sources at Bureau De Change(BDC).

The official rate today, Monday December 6th, for $1 dollar to naira = ₦413.85/$1.

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

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