This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 23, 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 November 23, 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 23, after it closed at ₦415.07 to a $1 on Monday, 22 November 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Tuesday, November 23 sells at N560/1$, 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 ₦413.53/$1 on 22nd November 2021 and closed at ₦415.07/$1. Showing a change of 0.16.
According to data from FMDQ, forex turnover stands at $149.53 million.
Meanwhile, the Central Bank of Nigeria (CBN) has revealed that those who violate its Bank Verification Number (BVN) policy will be barred from accessing credit and also from opening new accounts.
The CBN made the announcement in a Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List for the banking industry.
Mr. Musa Jimoh, Director, Payment System Management Department of the CBN signed the framework which was consequently released in its Update Report Circular.
The CBN also maintained that the new framework has been designed with the effectiveness of customer due diligence and Know Your Customer in mind.
The general public was informed that breaches on the part of customers could see the individual getting barred from entering a new relationship with any bank.
This article was originally published on Naija News