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Dollar to naira exchange rate today 2 December 2021

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dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 2 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.66 and sold at ₦411.66, making an average of  ₦410.66 for $1 on Tuesday 30 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.59 on Tuesday November 30, and closed at ₦415.07 on Tuesday November 30. This amount to 0.04 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Tuesday December 2 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

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Ayade orders recruitment into Cross River civil service

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Governor Ben Ayade of Cross River has ordered immediate recruitment into the state civil service to fill the vacuum that may occur due to workers’ retirements.

The new Head of Service (HoS), Mr Timothy Akwaji, disclosed this on Wednesday during his maiden meeting with permanent secretaries on Wednesday in Calabar.

Akwaji said the creation of Akwa Ibom from Cross River in 1987 caused a mass exodus of civil servants to the new state, leading to mass recruitment by the state government to fill the attendant vacant positions.

“Most of these workers will be exiting the service, having completed their mandatory 35 years in service and this may create a bureaucratic vacuum if there is no mentoring of those who may be left behind to keep the service running.

“The governor has, therefore, given approval for the recruitment of workers to cushion the effect of the impending mass retirement from the state civil service.” NAN quoted him as saying.

The Head of Service stressed the need for the permanent secretaries to mentor their subordinates, as directors and for other civil servants to look up to them as role models.

He said mentorship in the service has become necessary to enable civil servants discharge their responsibilities effectively.

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Buhari assures Nigerians price of rice, other food Items to crash soons

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President Muhammadu Buhari has assured Nigerians that prices of food items, especially rice will soon come down.

The president, who gave the assurance on Tuesday, during the official unveiling of the Central Bank of Nigeria (CBN)/Rice Farmers Association of Nigeria (RIFAN) Rice Paddy Pyramids in Abuja, urged Nigerians to exercise some patience, saying the growing food production in the country, especially expansion in rice farming would eventually bring down prices of food, making it more affordable for all.

This was just as the Governor of the CBN, Mr. Godwin Emefiele, revealed that following the successes recorded in the implementation of the CBN-led Anchor Borrowers’ Programme (ABP), the country had been able to significantly reduce rice importation from Thailand by over 99.83 per cent within the past seven years.

But reacting to yesterday’s unveiling, the Peoples Democratic Party (PDP) Tuesday mocked the APC and its governments, describing it as another shameless media stunt to again beguile Nigerians ahead of 2023 elections.

According to the leading opposition political party, the unveiling of bogus rice pyramids in Abuja, was nothing but, “pyramids of lies.”

However, Buhari’s assurance to Nigerians on cheaper food items came on a day he personally presented awards to Emefiele and five other state governors for their contributions to the development of agriculture in the country.

The state chief executives included Governors of Ekiti, Mr. Kayode Fayemi; Kebbi, Alhaji Atiku Bagudu; Cross River, Prof. Ben Ayade; Ebonyi, Mr. David Umahi, and Jigawa, Alhaji Abubakar Badaru.

The president said: “Today rice production in Nigeria has increased to over 7.5 million metric tons annually. Prior to the introduction of APB, the average production in Nigeria between 1999 to 2015 was less than four metric tons annually.

“I am aware that the bags of paddy will be moving straight from here to rice milling plants across Nigeria, which lead to the release of processed rice to the markets by the rice millers. The measure will aid our efforts at reducing the price of rice in Nigeria.

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Mompha released on N200m bail

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Justice Mojisola Dada of the Ikeja Special Offences Court has granted Instagram celebrity, Ismaila Mustapha, popularly known as Mompha, bail of N200 million.

Mompha was rearrested last week Monday by the Economic and Financial Crimes Commission and was first re-arraigned in court last Wednesday, January 14.

While granting his bail application today January 18, the court requested he provides two sureties, one of which must own a property valued at N100 million within its jurisdiction.

Mompha and his company, Ismalob Global Investment Limited, are standing trial on an amended 22-count charge bordering on cyber fraud and money laundering to the tune of N32.9bn brought against him by the EFCC.

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