Dollar to Naira exchange rate at the official foreign exchange section and the black market rate as of today December 9, 2021.
Dollar to Naira Official Rate
Naira opened the day at N413.71 to a United States Dollar on Thursday at the official forex market, the Investors and Exporters Forex Window managed by the FMDQ Group.
That was better than the N415.06 it closed against the U.S Dollar on Wednesday. Investors transacted N225.99 million during the trading hours of Wednesday.
While the Naira traded at N444 to a US Dollar at the forex spot market and N453.15 at the forex forward market.
Dollar to Naira Exchange Rate at Black Market
The Naira remained pressured at the parallel market, popularly known as the black market. The Nigerian Naira was sold at N567 and bought at N562 to a United States Dollar on Thursday, December 9th, 2021, according to various bureau de change sources.
Activity at the black market has been blamed for Nigeria’s unstable forex market and multiple exchange rates. The Central Bank of Nigeria does not authorise black market transactions.
Central Bank of Nigeria Exchange Rates
The Central Bank of Nigeria (CBN) official exchange rates as of yesterday are shown below.
