Dollar To Naira Exchange Rate Today 29 November 2021 | Naija News
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Dollar to Naira Exchange Rates

Dollar To Naira Exchange Rate Today 29 November 2021

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Dollar to naira exchange rate today

This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 29, 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, Monday November 29, for $1 dollar to naira = ₦413.75/$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 ₦413.75/$1 on Monday 29, after it closed at ₦415.07 to a $1 on Friday, 26 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) players buy at N550 and sell at N555 on Monday morning, November 29, 2021, 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 ₦413.75/$1 on 29th November 2021 after closing at ₦415.07/$1 on Friday 26th.

According to data from FMDQ, forex turnover stands at $215.47 million.

Meanwhile, The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said efforts were be made to allow faster adoption of the eNaira app by Nigerians.

Naija News reports that the Delta State-born banker stated this at the 56th Chartered Institute of Bankers of Nigeria (CIBN) Annual Bankers’ Dinner held at the Federal Palace Hotel, Lagos, on Friday night.

The CBN governor also disclosed that the country’s digital currency, eNaira, Application recorded about 600,000 downloads in less than four weeks after its launch by President Muhammadu Buhari on October 25.

Emefiele said: “In less than four weeks since its launch, almost 600,000 downloads of the e-Naira application have taken place.

“Efforts are ongoing to encourage faster adoption of the e-Naira by Nigerians who do not have smartphones.

“The support of the financial industry will be critical in the ongoing deployment of the e-Naira and efforts are ongoing to encourage continued partnership between the CBN and stakeholders in the financial industry.”



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