Markets

Foreign Exchange Update: Dec., 8 2021

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 Wednesday 8th, after it closed at ₦415.07 to a $1 on Tuesday, 7th December 2021.

At the parallel (black market), dealers at the NARCO end of the Murtala Muhammed International Airport said the local currency remained stable, exchanging for N565.55/US$1 on Wednesday, the same with what it exchanged with on Monday and Tuesday.
Similarly, the Central Bank of Nigeria (CBN) has not updated the daily exchange rate on its website on Monday, as at the time of publishing this update.

However, it displayed N411.74 to dollar as of Tuesday, December 7, 2021, as well as exchange rate of N545.72025 to the British Pound Sterling same day.

Chimara Bygold

Recent Posts

Antiguan and Barbuda Prime Minister Applauds Air Peace’s Giant Strides, Woos Nigerian Investors

Prime Minister of Antigua and Barbuda, Honourable Gaston Alfonso Browne, has commended Air Peace for… Read More

33 mins ago

Nigeria’s House Of Reps Pledges To Review Laws Restricting Press Freedom

Nigeria’s House of Representatives has said it would review laws and practices restricting press freedom… Read More

1 hour ago

FIFA U-17 World Cup Qualifiers: Flamingoes To Face Burkina Faso In Bamako

Nigeria's women's U-17 national team, Flamingoes will face Burkina Faso in the first leg of… Read More

2 hours ago

Police Raid Criminal Hideouts In Yaba, Arrest 40 Suspects

In a coordinated effort to combat criminal activities in Lagos, the Nigerian Police Command in… Read More

2 hours ago

Another View Of Press Freedom

As journalists and their audiences marked the World’s Press Freedom Day, May 3, several calls… Read More

3 hours ago

NGX: FBN Holdings, Others Emerge Top Gainer As Market Cap Grows By 1.46%

The Nigerian Exchange Group Plc (NGX) witnessed a rise in trading activity, with FBN Holdings… Read More

5 hours ago

This website uses cookies.