This is the news about Dollar to Naira rate at the official and black market exchange rate Today December 17, 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 December 17th, for $1 dollar to naira = ₦413.83/$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 ₦413.83/$1 on Friday 17th, after it closed at ₦415.05 to a $1 on Thursday, 16th 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 N565 and sell at N567 on Friday, December 17th 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 ₦413.83/$1 on 17th December 2021 after closing at N415.05/$ on 16th December. Showing a change of -0.07%.
According to data from FMDQ, forex turnover stands at $331.11 million.
Meanwhile, the founder of the popular microblogging platform, Twitter, Jack Dorsey, has appointed three Nigerians and one South African to act as the board of his Bitcoin Trust (BTrust) fund which will be expended for development in Africa and India.
In February, Dorsey, who resigned as Twitter CEO in late November, had announced a B Trust [with the ‘B’ carrying bitcoin symbol] in collaboration with American rapper, Shawn “Jay Z” Carter.
BTrust is a fund with a 500 BTC capital base worth N10,014,265,775.40 ($24,426,230), when pegged to late Monday’s market price $48,815.35, and will be overseen by four Africans, without supervision from Dorsey or Jay Z.
Jack Dorsey disclosed the identities of the BTrust board, three of whom are Nigerians; Abubakar Nur Khalil, Obi Nwosu, Ojoma Ochai, and South African, Carla Kirk-Cohen in a late statement released on his Twitter page on Wednesday
This article was originally published on Naija News
