Dollar To Naira Exchange Rate Today 29 December 2021

This is the news about Dollar to Naira rate at the official and black market exchange rate Today December 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, Wednesday December 29th, for $1 dollar to naira = ₦414.03/$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 ₦414.03/$1 on Wednesday 29th, after it closed at ₦415.10 to a $1 on Friday, 24th December 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 N560 and sell at N565 on Wednesday, December 29th 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 ₦414.03/$1 on 29th December 2021 after closing at N415.10/$1. Showing a change of 0.12%.

According to data from FMDQ, forex turnover stands at $168.62 million.

Meanwhile, President Muhammadu Buhari on Tuesday received the 2022 Appropriation Bill from the National Assembly.

Naija News recalls that the National Assembly had last week Tuesday and Wednesday passed the budget after raising the total estimates from the proposed N16.391tn to N17.126tn.

It also rained the oil benchmark from the proposed $57 per barrel to $62.

According to The PUNCH, a communication from the Clerk to the National Assembly, Ojo Amos, disclos that NASS sent the budget to the presidency on Friday and it was received by the Office of the Chief of Staff to the President on Saturday.

The letter of transmission, with Reference Number NASS/CNA/37/Vol.1/35, was addressed to the President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and titled ‘APPROPRIATION BILL, 2022.’