This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 19, 2021.
Read Naija News update on the official dollar rates as well as Black Market rates, Bureau De Change (BDC) rates, and CBN rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Friday November 19, for $1 dollar to naira = ₦413.55/$1.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.55/$1 on Friday 19, after it closed at ₦414.80 to a $1 on Thursday, 18 November 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Friday, November 19th sells at N540/1$, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Trading at the official NAFEX window
The exchange rate between the naira and the US dollar opened at ₦413.55/$1 on 19th November 2021 after closing at ₦414.80/$1 on Thursday 18th. Showing a change of 0.09%.
According to data from FMDQ, forex turnover stands at $90.18 million.
Meanwhile, the Central Bank of Nigeria (CBN) has disbursed about N3 trillion to households, small and medium scale enterprises (SMEs), smallholder farmers, pharmaceutical companies as buffer against the impact of the Covid-19 pandemic.
This was made known by the Governor of the CBN, Godwin Emefiele in an interview with Arise Television.
The CBN boss stated that the insinuation that the apex bank was overreaching its statutory bounds, was baseless, explaining that the bank had continued to play its monetary management role effectively.
Emefiele said: “And I can tell you this, between 2020 and now, our data shows that we have disbursed at least N2 trillion, almost N3 trillion in loans to households, to MSMEs, to smallholder farmers, to pharmaceuticals and health institutions.
“We have also given these funds to some of our large agricultural companies that want to get back again to business, to manufacturing companies who are accessing long term 10 years loan with two-year moratorium with single digit rate. I have data that shows we are playing our part.”
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