This is the news about Dollar to Naira rate at the official and black market exchange rate Today November 10th 2021.
Read Benco 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 November 10th, for $1 dollar to naira = ₦(yet to be disclosed)/$1.
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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 Wednesday 10th November, after it closed at ₦415.07 to a $1 on Tuesday, 9th November 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Wednesday, November 10th sells at N552/1$, 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 ₦413.57 /$1 on 9 November, 2021 and closed at ₦415.07/$1. Showing a change 0.12.
According to data from FMDQ, forex turnover stands at $92.38million.
Meanwhile, due to investors increasing demand for telco, conglomerate and financial services stocks, Nigeria stocks on Tuesday lengthened their upward trend.
It was gathered that the progress culminated in a N252.4 billion gain.
Leading stock sellers include MTN Nigeria and Airtel, they were joined by United Capital and UACN in leading the advance.
“This week, we expect the NGX to trade sideways in the absence of bullish triggers,” said brokerage firm United Capital in a note seen by Premium Times.
The market capitalisation closed higher at N22.8 trillion, while the all-share index expanded by 483.68 points to 43,730.55.
Top gainers include: FTN Cocoa, appreciating by 10 per cent to close at N0.44. ABC Transport went up by 10 per cent to N0.33. Ardova rose to N14.55, notching up 7.38 per cent in the process.
UACN added 7.14 per cent to end trade at N11.25. Livestock climbed by 2.19 per cent to N6.83.
While the top five losers include: Berger Paints, declining by 9.52 per cent to close at N8.55. Caverton shed 9.09 per cent to close at N1.70. UPL fell to N2.13, losing 7.39 per cent. Regal Insurance slumped to N0.41, recording 6.82 per cent depreciation. Conoil closed at N21.70, going down by 5.65 per cent.