Dollar To Naira Exchange Rate Today 2nd December 2021
Today, December 2, 2021, this is the news on the Dollar to Naira exchange rate at the official and black market exchange rates.
Touchaheart update on official dollar rates, as well as Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) prices.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Wednesday December 2nd, for $1 dollar to naira = ₦413.94/$1.
According to data from the FMDQ Security Exchange, where forex is officially exchanged, the naira-to-dollar exchange rate started at 413.94/$1 on Thursday, December 2nd, after closing at 415.07 on Wednesday, December 1st, 2021.
How much is exchange rate of Dollar to Naira in Black Market today?
According to reports at the Bureau De Change, on Thursday, December 2 2021, participants at the Lagos Parallel Market (Black Market) acquire a dollar for N555 and sell for 558. (BDC).
Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), and has advised individuals interested in trading in foreign exchange to contact their respective banks.
Trading at the official NAFEX window
The naira and the US dollar exchange rate began at 413.94/$1 on December 2, 2021, after ending at 415.07/$1. There has been a 0.04 change.
Forex turnover is $223.18 million, according to data from FMDQ.
Meanwhile, Governor Godwin Obaseki presented the Edo State House of Assembly with a N214.2 billion budget for the fiscal year 2022 on Wednesday.
Touchaheart Nigeria reports that the 2022 budget represents a 32.96 percent increase over the N161.1 authorized for 2021.
Obaseki, who presented the budget to the Assembly in Benin City’s newly rebuilt Anthony Enahoro Assembly Complex, said the budget is made up of N118.3 billion in capital expenditure and N95.9 billion in recurring expenditure.
According to the governor, the document, christened, ‘Budget of Renewal, Hope and Growth’, seeks to enhance reforms in government process, stimulate economic prosperity and improve ease of doing business to continuously attract private capital to engender sustainable development.
Obaseki said the total projected revenue for 2022 is N186 billion, consisting N65 billion statutory allocation; Value Added Tax (VAT) of 23 billion; IGR, N50.3billion and N11.6billion from grants, among others.