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Dollar Rate: Black Market Dollar To Naira Exchange Rate Today 16th December 2021

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Dollar Rate: Black Market Dollar To Naira Exchange Rate Today 16th December 2021

The blackmarket dollar to naira exchange ratetoday 16th 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 canbuy or sell 1 dollar at ₦570and the price can change (high or low) within hours.

Infoexpert24 has obtained the official dollar to the naira exchange rate in Nigeria todayincluding theBlack Market rates, Bureau De Change (BDC) rate, and CBN rates.

READ ALSO: Gold Price: Live Gold Price Per Gram And Ounce Today 16th December 20

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December 16 dollar to naira official market exchange rate: $1 dollar to naira =₦570

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The exchange rate between theNaira and the US dollaraccording to the data posted on theFMDQ Security Exchangewhereforex is officially tradedshowed that the naira opened at#414.13 per dollar on Thursday, 16 December 2021, after itclosed at #414.80per $1 on Wednesday, 15 December 2021.This represents a change of 0.13.

How much is the exchange rate of the Dollar to Naira in the Black Market today?

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The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (blackmarket).

LAGOS PARALLEL MARKET RATES December 16, 2021 (BLACK MARKET): dollar to naira exchange rate today black market

Dollar Rate: Black Market Dollar To Naira Exchange Rate Today 16th December 2021

Dollar Rate: Black Market Dollar To Naira Exchange Rate Today 16th December 2021

December 16 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 atN570.00 per $1 at the parallel marketotherwise known as theblack market, today, Thursday, 16 December 2021, inLagos Nigeria,after itclosed N572.00 per $1 on Wednesday, 15 December 2021.

Even though thedollar to naira opened in the parallel marketat₦570per $1 today, Infoexpert24 reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as theblack market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that theI&E windowis the only known exchange.

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Infoexpert24 reports that at the black market, the playersbuy a dollar for N565 and sell for N570 on Thursday morning, December 16, 2021,after they boughtN567 and sold for N575on Wednesday morning, December 15, 2021.

Meanwhile, Infoexpert24 reports that theUSDstarted this week at₦566 in Parallel Market also known as Black Market on Monday, December 13, 2021,inLagos Nigeria, after it opened at₦565 last week Monday, December 6, 2021.

Disclaimer: Infoexpert24 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. Therates you buy or sell forex may be different from what is captured in this article.

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