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Dollar to Naira Exchange Rates

Dollar To Naira Exchange Rate Today 1 December 2021



Dollar to naira exchange rate today

This is the news about Dollar to Naira rate at the official and black market exchange rate Today December 1, 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, Wednesday December 1st, for $1 dollar to naira = ₦413.79/$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 ₦413.79/$1 on Wednesday 1, after it closed at ₦415.07 to a $1 on Tuesday, 30 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 a dollar for N552 and sell for N558 on Wednesday, December 1 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 ₦413.79/$1 on 1st December 2021 after closing at ₦415.07/$1 on November 30th. Showing a change of 0.05.

According to data from FMDQ, forex turnover stands at $152.98 million.

Meanwhile, Seplat Energy Plc together with a partner, is working to acquire ExxonMobil’s Nigerian shallow water business.

The Energy Company listed on both the London and Nigerian Stock Exchanges disclosed this in a statement issued on the Nigerian Exchange Limited (NGX).

Recall that ExxonMobil’s President, Liam Mallon, had in October said the company remains “committed” to Nigeria despite its decision to divest from the joint venture (shallow water) with the Nigerian National Petroleum Corporation (NNPC).

ExxonMobil had divested some of its assets in Africa this year, selling an 80 per cent interest in a Ghanaian offshore block and proposing to offload its stake in the Doba oilfield in Chad.

However, the Chief Financial Officer, Seplat Energy, Emeka Onwuka, was working to acquire the asset in partnership with an ally.

Seplat Energy, together with a partner, is in competitive discussions to acquire ExxonMobil’s Nigerian shallow water business.

“Deliberations are ongoing and accordingly, there can be no certainty as to the outcome,” the statement reads.

A further announcement will be made as and when appropriate, in line with regulatory requirements,” he added

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