The official rate today, Friday November 26, for $1 dollar to naira = ₦413.71/$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 ₦413.71/$1 on Friday 26, after it closed at ₦415.07 to a $1 on Thursday, 25 November 2021.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Friday, November 26 is selling at N550/1$ and buying at N567/1$, 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.
The exchange rate between the naira and the US dollar opened at ₦413.71/$1 on 26th November 2021 after closing at ₦415.07/$1 on Thursday 25. Showing a change of 0.03.
According to data from FMDQ, forex turnover stands at $98.07 million.
However, In another development, the crash in equity capitalization by 0.31 percent at the close of trading on Thursday has seen investors at the Nigerian capital market lose N71.09 billion.
We understand that the equity capitalisation crashed at the capital market from N22.56 trillion posted on Wednesday to N22.49 trillion for Thursday.
The All-Share Index was down by 136.25 basis points to close at 43,108.77 compared to 43,245.02 posted on Wednesday.
Investors parted with N4.21 billion in exchange for 266.11 million shares in 3,905 deals on Thursday, Ripples Nigeria reports.
This surpassed the 243.18 million shares worth N3.76 billion traded in 3,777 deals the previous day.
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