TDPel Media News Agency

Dollar To Naira Exchange Rate For Today 01 November 2021

✔︎ Fact Checked by TDPel News Desk
Pelumi Emmanuel - Author Profile Picture
By Pelumi Emmanuel
Published: November 1, 2021 | 6:58 PM GMT

 

Today’s official dollar to naira exchange rate in Nigeria, including the Bureau De Change (Bdc) and Cbn exchange rates.

The Naira and the US Dollar exchange rate opened at 414.12 per dollar on Monday, November 1, 2021, after closing at 415.10 per dollar on Friday, October 29, 2021, according to data released on the Fmdq Security Exchange’s official forex trading portal.

Exchange Rate Of Dollar To Naira In The Parallel Market

Even Though The Dollar Opened In The Parallel Market For ₦570 Per $1 Today, The 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.

“The Only Exchange Rate Remains The I&E Window, Which Is The Market We Expect Everybody Who Wishes To Procure Or Sell Forex To Get It,” Said The Cbn Governor, Godwin Emefiele.

“I Am Sorry To Say That I Do Not, And I Do Not Intend To Recognise Any Fx In The Market.
“Go To Your Bank. Even If Your Limit Is Above What The Bank Is Selling, Put It Forward, And We Will Look Into It. If You Want To Sell The Dollar, Go To Your Bank And Sell It,” He Said During A Press Briefing On September 17, 2021.

 

Spread the News. Auto-share on
Facebook Twitter Reddit LinkedIn

10
We are taking you to the next article automatically...You can cancel it below or click Load Now to read it now!
Pelumi Emmanuel profile photo on TDPel Media

About Pelumi Emmanuel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.