This is the news about Dollar to Naira rate at the official and black market exchange rate Today December 21, 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, Tuesday December 21st, for $1 dollar to naira = ₦(yet to be disclosed)/$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 ₦(yet to be disclosed)/$1 on Tuesday 21st, after it closed at ₦414.80 to a $1 on Monday, 20th 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 N568 on Tuesday, December 21st 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 ₦413.84/$1 on 20th December 2021 and closed at N414.80/$. Showing a change of -0.06.
According to data from FMDQ, forex turnover stands at $360.18 million.
Meanwhile, the Minister of State for Labor and Employment, Festus Keyamo, says the Federal Government has disbursed N100 billion for the last five years to unemployed youths and small businesses.
The minister revealed this at an empowerment programme held in Jos on Sunday September 19.
He was represented by the Director-General of the National Directorate of Employment (NDE), Abubakar Fikpo.
He said; “You will all agree with me that unemployment is one of the remote causes of banditry, terrorism, corruption and other forms of criminality.
“Even though the Federal Government is working hard at check terrorism and all other forms of criminality and violent crimes, it is equally prosecuting the war against mass unemployment.
“I am proud that the National Directorate of Employment (NDE), whose board I am privileged to chair and also directly supervise, is effectively leading that war against mass unemployment.
“Let me inform you all that the Federal Government has put all plans in place to ensure that businesses succeed in Nigeria.
“The present administration has launched a series of funding and capacity development initiatives designed to support Micro, Small and Medium Enterprises (MSMEs).
“Since 2017, the Development Bank of Nigeria has disbursed a total of N100 billion through the bank’s 27 participating financial institutions (PFIs), thereby impacting more than 100,000 MSMEs”
This article was originally published on Naija News