This is the news about Dollar to Naira rate at the official and black market exchange rate Today December 13, 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 December 13th, for $1 dollar to naira = ₦414.05$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 ₦414.05/$1 on Monday 13th, after it closed at ₦415.10 to a $1 on Friday, 10th 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 N567 and sell at N572 on Monday, December 13th 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 ₦414.05/$1 on 13th December 2021 after closing at 415.10/$ on 10th December. Showing a change of 0.09%.
According to data from FMDQ, forex turnover stands at $84.44 million.
Meanwhile, Nigerians who invested in five banks should be excited as the value of their investment rose by N151 billion.
According to data from the Nigerian Exchange (NGX), the market capitalization of the top five banks grew to N2.61 trillion to appreciate by 6.1% during the week.
Those with shares if GTCO would be particularly happier as they recorded the biggest amount during the period (Monday December 6 to Friday December 10) to set a perfect tone.
First Bank’s shareholders got N7.17 billion after the bank’s stock price appreciated by 1.70 percent, lifting its market value to N427.15 billion from N419.97 billion.
The United Bank for Africa Plc closed with N18.80 billion as the bank’s market capitalization rose from N256.49 billion to N275.30 billion during the week.
While Zenith Bank market capitalization increased by 8.51 percent during trading to rise from N737.81 billion to N800.61 billion.
Access Bank joined the party with a market capitalization increase by 5.17 percent after adding N15.99 billion to its total investment this week.
GTCO shareholders smiled home with N75.04 billion as total investment rose from N704.87 billion to N779.92 billion in five days.
This article was originally published on Naija News
