Black market dollar to naira exchange rate today 12th December 2021 can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦572 and the price can change (high or low) within hours.
Brand Spur Nigeria has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
LAGOS PARALLEL MARKET RATES December 12 2021 (BLACK MARKET): dollar to naira exchange rate today black market
December 12 dollar to naira black market exchange rate: $1 dollar to naira = ₦572
Lagos parallel market (black market dollar exchange rate today)
The local currency opened at N572.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 12 December 2021, in Lagos Nigeria after it closed N572.00 per $1 on Saturday, 11 December 2021.
Even though the dollar to naira opened in the parallel market at ₦572 per $1 today,Brand Spur Nigeria reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Brand Spur Nigeriareports that at the black market, the players buy a dollar for N567 and sell for N572 on Sunday morning, December 12, 2021 after they bought N565 and sold for N570 on Friday morning, December 10, 2021.
Meanwhile, Brand Spur Nigeria reports that the USD started this week at ₦565 in Parallel Market also known as Black Market on Monday, December 6, 2021 in Lagos Nigeria, after it opened at ₦558 last week Monday, November 29, 2021.
Disclaimer: BRAND SPUR NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.