Naira Gains Massively As Dollar Crashes at Official Window. see Exchange rate below..
GoldenNewsNg has obtained the CBN official dollar to naira exchange rate in Nigeria today, including the Black Market (Abokifx) rates and Bureau De Change (BDC) rates.
According to reserch, The Nigerian Naira has gained ₦1.38 against the US dollar at the official Investors and Exporters (I & E) market, currently trading at ₦413.69/$ after closing on Thursday at ₦415.07/$.
On Thursday, December 9th, 2021, the official Investors and Exporters (I&E) window closed with the naira and the US dollar at ₦415.07/$1.
On Thursday, the naira held steady against the dollar, closing at ₦415.07/$1. This was the same rate as in previous trading sessions, as the country’s external reserves continue to decline, with a $20 million drop.
The naira, on the other hand, depreciated against the dollar on Thursday, closing at ₦570/$1. When compared to the ₦568/$1 recorded in the previous trading session, this represents a N2 decrease. According to data gathered from BDC operators obtained by GoldenNewsNg.
The official market kept the local currency stable, as forex turnover increased by 100.6 percent during Thursday’s trading session.
Meanwhile, GoldenNewsNg reports that this is coming months after the Central Bank of Nigeria (CBN) had on July 27, 2021, suspended foreign exchange (forex) sales to BDC operators and directed all those with a genuine need for forex to revert to banks. The naira lost value at a whooping N85 to the dollar in less than two months from N490/$1 to N575/$1 on September 20.
Disclaimer: GoldenNewsNg 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.