Dollar To Naira Exchange Rate For Today 7th December 2022

Here is the official dollar to the naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…you can buy or sell 1 dollar at ₦735 and the price can change (high or low) within hours.

The Eagle has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

Read Also: Black Market Dollar To Naira Today 5 December 2022

Official Rate – Dollar to Naira exchange rate today 7th December 2022

According to the Aboki dollar rate in Nigeria today, the local currency opened at N735.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 7 December 2022, in Lagos Nigeria, after it closed at N735.00 per $1 on Tuesday, 6 December 2022. This represents a change of N0 from the previous day.

The data published on the aboki rate, which is known as the “official black market rate“, showed that at the black market, the players buy a dollar for N732 and sell for N735 on Wednesday, 7 December 2022.

Even though the dollar to naira opened in the parallel market at ₦735 per $1 today, the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

Disclaimer: The Eagle does not set or determine forex rates.The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.