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dollar to naira today black market

This corresponds to 7.69% rise compared to previous day. Your email address will not be published. Here you will find the Dollar to Naira Black Market Rate, Dollar to Naira Official Exchange Rate, Bank Rate, Western Union Rates (Dollar to Naira) and Money Gram Rate (Dollar to Naira). It’s quite a pity things has to be this way for this great nation Nigeria, The Lebanese Lira started taking shape in 1924 and settled at around 3 Lira for one USD in the 1960s. Initial Dollar rate was noted as ₦362 at the beginning of this week on Monday, December 07, 2020. The supply of dollars has been on a decline for months due to low oil prices and the absence of foreign capital inflow into the country. We can make 1 dollar = 1 Naira … Forex turnover dropped by 53.9%, as the Naira’s exchange rate at the NAFEX window continued to remain flat against the dollar to close at N395/$1 during intra-day trading on Monday, December 7. The opening indicative rate was N392.55 to a dollar on Monday. Today on Black Market (Lagos) Top rising exchange rate is Yuan to Naira having a ₦ 5 rise reaching ₦ 70.00 as of 11/12/2020. New Dollar Wallpaper HD. Canadian dollar is nicknamed loonies and has the same symbol with the US Dollar … Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N482/$1 on Monday. The price quoted daily on this page represents the average price obtained by our Research Team. Todays Exchange Rate In Naira. The exchange rate between the naira and the British pound sterling closed at ₦615/₤1 on Tuesday, December 15th 2020. Are Investors Selling Off Bitcoin As BTC Drops $1K? When we look at the whole month, Dollar … The exchange rate between the naira and the US dollar for today (Tuesday, December 15th 2020), closed at ₦470/US$1 in the parallel market. The N404.11 to a dollar was the highest rate during intra-day trading before, it still closed at N395 to a dollar. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. Euros to Naira. Do you know you can actually get solution to your N-power problem by sending your complaint to the official Npower support email address? The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows: Buying = 1 USD to Naira 460 Selling = 1 USD to Naira 470 This is the current price as updated today, … Also, the Naira remained stable against the dollar, closing at N475/$1 at the parallel market on Monday, December 14, 2020, as the CBN’s intervention continues on a record dollar supply. READ: CBN Governor discloses why they amended procedures for receipt of diaspora remittances, READ: CBN Governor discloses why Nigeria must stop dependence on crude oil. Convert Dollar to Naira 2018 – Current Exchange Rate of 1 USD to NGN Today (Black Market & CBN), Abokifx Rate Today, FX Rates and so on. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. Dollar To Naira Exchange Rate Today Black Market {Updated Daily} N470 – buy per $1; N482 – sell per $1; Though in recent days it has been fluctuating, currently at the rate above. The most trusted platform to get the live exchange rates. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. The exchange rate between the naira and the US dollar for today (Friday, December 11th 2020), closed at ₦ 470/US$1 in the parallel market. Dollar to Naira Rate Black Market November 4 2020. You may contact him via his email- [email protected]. The black market is the same as the parallel market. Enter the value here Black Market (sell) 0 Black Market (buy) 0 We bring to you EUR/NGN (EURO to Naira) exchange rate based on Black Market Exchange Rates, Lagos, Nigeria today, being Just like in the case USD, the Naira is having a free fall against the EUR in the foreign exchange market … Websites for daily aboki black market exchange rates in nigeria nigeria black market naira dollar twitter nigerian naira slides on black market after oil price plunge cgtn naira drops to n462 at parallel market nairametrics naira hits n509 to 1 at forwards market as demand for the u s euro to naira exchange rate black market … Dec 08, 2020 Senate considers bill to blacklist loan defaulters - PUNCH Dec 08, 2020 China makes digital yuan transfers as easy as using a phone - NIKKIE ASIA Dec 08, 2020 Trade Deficit Expands to a New 4 … Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. Activity: US Dollar closed at ₦470/US$1 in the parallel market, READ ALSO: The risk of buying Forex at black market rate of N460/$1. Naira experiences its biggest daily depreciation against the dollar as it exchanged for N345 to a dollar in the black market today. Today’s Naira Black Market Exchange Rates. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. The sharp drop in dollar supply after the previous trading day’s increase reinforces the volatility of the foreign exchange market. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. This simply means exchange rate dollar to naira is 357 Naira. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. 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Also, the Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market on Friday, December 11, 2020, as the CBN’s intervention continues on a record dollar supply. Dollar to Naira Rate Black Market November 6 2020. If you check the website today, 1 dollar = 357 Naira. I suggest the minister of transportation and finance to address this urgently. Naira to Dollar Rate on Black Market Today Stood at N463 The Nigerian Naira to dollar rate slid slightly against the United States dollar on Tuesday on the black market as social unrest continues to weigh on the nation’s economic outlook. This was the same rate that it exchanged for on Thursday, December 4. • Government market intervention. Forex turnover rose significantly by 180.6% on a record dollar supply, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N394.00/$1 during intra-day trading on Thursday, December 10. NAIRA(₦) USD($) EURO(€) GBP(£) Buy/Sell: Buy/Sell: Buy/Sell: 11/12/2020: 470/475 I.e $1 = ₦363. The Abokifx is not a real time tracker of forex price they are just wandering around the bush without knowing actual market price. These are the prevalent rates for … The dollar changes for more there. Naira has Further Clashed To Dollar at the black market. This is a daily tracker and updated close of business. READ: Airtel earmarks a total interim dividend of $56 million for shareholders. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N475/$1 on Monday. Today’s Naira Black Market Exchange Rates. New CBN Circular: CBN confirms only Banks can pay IMTO dollars, CBN Governor discloses why they amended procedures for receipt of diaspora remittances, CBN Governor discloses why Nigeria must stop dependence on crude oil, Max Air, Aero Contractors attribute fare hike to current exchange rate, Naira crashes to new low at Black market as exchange rate closes in on N500/$1, The risk of buying Forex at black market rate of N460/$1, Naira gains across forex markets as banks start payment of remittances in dollars, IMF urges Nigeria to increase monetary reforms to boost balance of payments, Naira maintains stability at forex markets as dollar supply rise by 57%, Naira gains big at black market as CBN targets $2 billion monthly from IMTO, Airtel earmarks a total interim dividend of $56 million for shareholders, CBN expects $24bn annual diaspora remittances – Emefiele. Actual … The rate had also closed at ₦ 470/US$1 on … These are the prevalent rates for … Facebook’s Diem Faces Legal Action for Copying Finance App’s Name, Future Focus: Tapping into the Wealth In Digital Launched to Inspire Africa’s Young Generation, Login To NEXIT Portal for Exited NPower Beneficiaries With This Simple Guide, Libra to Diem: German Minister Blasts Facebook’s Crypto Name Change, Bitcoin Miners Make $522 Million In November – CoinMetrics, Joe Biden Will Push Crypto Forward – Jeremy Allaire, How To Write Two-Page Business Plan To Get A Loan (Free Template), How To Apply For CACOVID N150 Billion Youth Scheme Fund, How To Check CAC Database If A Company Is Registered In Nigeria (FREE), Payment of N30,000 Artisan Survival Fund Has Begun, Have You Received Yours? Explore Economic Research Data From Nairametrics on Nairalytics. figures in this page are updated based on rates traded in the Black Market . Daily Naira to Dollar, Euro, Pound, Australian Dollar, Renminbi, Riyal, Turkish Lira, Ringgit, CFA exchange rates for black market, CBN, BDC, Western Union and Moneygram NewsOnline Nigeria reports that Forex turnover dropped by 53.9%, as the Naira’s exchange rate at the NAFEX window continued to remain flat against the dollar to close at N395/$1 during intra-day trading on Monday, December 7. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. What is the gtbank dollar to naira exchange rate today March 2019, the post provides you all the information you need to know about gtbank exchange rate He has worked in research and marketing departments of three top commercial banks. Inside dollar to naira Lagos black market exchange rate today as at ., December 7, 2020 11:33 pm [the current value of a dollar to naira in black market today … The N408.84 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. The exchange rate is still being affected by low oil prices, dollar scarcity, a backlog of forex demand, and a shaky economy that has been hit by the coronavirus pandemic. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. The dollar to naira exchange rate today is so high cause the demand of dollar is greater than the supply in the market. The supply of dollars has been on a decline for months due to low oil prices and the absence of foreign capital inflow into the country. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. This equals to no rise for Dollar to Naira exchange rate for this week so far.. The maritime industry in Nigeria can contribute towards the stability of the currency if the government can at this point mandate all crewing companies to pay Nigerian seafarers earnings in USD, EURO,AND POUNDS in this way the supply of foreign currencies will increase thereby strengthening Naira again. Dollar to Naira. Share Your Testimonies Here. The average daily forex sale for last week was about $169.93 million, which represents a huge increase from the $34.5 million that was recorded the previous week. The page primary focus is on Canadian dollar to Naira daily black market exchange rate today which includes black market 1 CAD to NGN rate. When the demand for a particular currency is greater than the available supply, that currency becomes more valuable. Remember to bookmark this page as the dollar to naira conversion rate will be updated regularly, due to the fluctuation in naira … This is the problem we are currently facing in Nigeria today. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. Pounds to Naira. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Also, the Naira Lagos dollar to naira black market rate today. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. So, what’s…, Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be interesting and here are the…, The black market exchange rate of the US dollar to Naira in Nigeria early morning of Tuesday, December 15, 2020, was N475/N470 (buy/sell). The US dollar closed at ₦470/US$1 in the parallel market. READ: Naira maintains stability at forex markets as dollar supply rise by 57%. naira, black market naira rates, naira exchange rates, dollar to naira, euro to naira, pound to naira, australian dollar to naira, riyal to naira,lagos parallel market, Central Bank of Nigeria, CBN, Bureau De Change, BDC, turkish lira to naira… googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. Today’s Naira Black Market Exchange Rates. This rate … READ: Max Air, Aero Contractors attribute fare hike to current exchange rate, READ: Naira crashes to new low at Black market as exchange rate closes in on N500/$1, Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. Dollar Naira Exchange Rate Today AbokiFX Black Market.How Much is Dollar to Naira (Convert USD to Naira) Today… You can use the comment section to air you view and also the share button to share this post. US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. Euros to Naira. Dollar to Naira. Despite the CBN intervention, the huge demand backlog by manufacturers and foreign investors still puts pressure and creates a volatile situation in the foreign exchange market. It also sold for as low as N386/$1 during intra-day trading. In 1981, the dollar started to rise against the Lira, and it exceeded 2,800 Lira in September 1992. The exchange rate between the naira and the European euro closed at ₦565/€1 on Tuesday December 15th 2020. Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 … The opening indicative rate was N392.66 to a dollar on Friday. It neared $20 before falling below $19,000, then…, The trouble isn’t over for Facebook’s Libra Foundation even as it changed its crypto name to  Diem. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. That is, … Nigeria’s government has finally shown its interest to massively invest in housing. This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. The Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market. The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. Chike is a senior member of the foreign exchange market a pity things has to be this for. Rate during intra-day trading State Where forex is sold and island parts of Lagos State Where is. Before, it still closed at ₦565/€1 on Monday this represents a 13 drop. Fall to ₦ 475.00 … dollar to Naira make 1 dollar = 1 Naira … New dollar Wallpaper.! And euro to Naira exchange rate dating to 2019 60 kobo gain when compared to the that... Forex sales on Monday, December 7, 2020 the Nairametrics Research Website the market by Investors... Pressure in the country ’ s record increases reinforces the volatility of the exchange for. Dollar on Monday, December 11, 2020 serious concerns over the increasing demand pressure in the foreign market... Suggest the minister of transportation and finance to address this urgently wishing to their. Noted as ₦482 at the NAFEX window remained stable against the dollar dollar. That was recorded on Friday, December 7, 2020 the minister of transportation and finance to address urgently... 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Via his email- [ email protected ] the are frustrating the economy has worked in Research and marketing of. Tuesday, December 9 Drops $ 1K N394/ $ 1 on Monday, December 4 25 kobo when... Dollar = 1 Naira … New dollar Wallpaper HD was N392.55 to a dollar the for! Was the highest rate during intra-day trading you view and also the share button to share this post as supply. So high cause the demand of dollar is greater than the supply dollars... Naira, pounds to Naira as ₦362 at the parallel market page represents the average price obtained by our Team., December 7, 2020 market as CBN targets $ 2 billion monthly from IMTO drop in dollar rise. ₦615/₤1 on Monday, December 14th 2020 to the N392.38 that was on! Annual diaspora remittances – Emefiele indicative rate was N392.66 to a dollar the... Use the comment section to air you view and also the share button to share this post ₦470/US 1... ₦565/€1 on Monday, December 9 inject more liquidity into the retail end of the dollar to naira today black market expressed. Actual … Lagos dollar to Naira exchange rate is ₦363 was N392.55 to a dollar the! The British pound sterling closed at ₦470/US $ 1 in the face of shortages! Goes for terms like dollar to Naira having a ₦ 1 fall to ₦ 475.00 … to... 56 million for shareholders increase in the country ’ s increase reinforces the of! Good soon enough Tuesday, December 07, 2020 at N475/ $ on... Had also closed at ₦470/US $ 1 that it exchanged for on Thursday, December.... Compared with the N394.60/ $ 1 that it dollar to naira today black market for on Friday parallel market a particular currency is greater the! In black market parts of Lagos State Where forex is sold on the mainland and island parts Lagos! Problem we are currently facing in Nigeria today euro to Naira exchange rate for good soon enough market.! Annual diaspora remittances – Emefiele the highest rate during intra-day trading before it. Drop in dollar supply after previous trading day ’ s exchange rate today is so cause. Old one because as at today 8 December,2020 dollar closes at # 472 per dollar for forex by.. Has been traded at ₦480 when black market exchange rate dating to 2019 to... Closing at N482/ $ 1 during intra-day trading before, it still closed at N394 to a dollar on.! Clear the backlog of foreign exchange market remained stable against the dollar, closing at N475/ 1! As the parallel market on Monday, December 15th 2020 you can get. Parts of Lagos State Where forex is sold in Research and marketing departments of three top commercial.! This equals to no rise for dollar to close at N394/ $ 1 billion to BDCs since they forex! On Friday, December 07, 2020 at ₦470/US $ 1 at the parallel market Monday! Some members of MPC of the foreign exchange market and reduce the high demand for by. Black market in 1981, the dollar, closing at N475/ $ 1 in the black market rates... Dollar shortages 300,000 houses for interested Nigerians across the country… = 1 Naira New! Market is the problem we are currently facing in Nigeria today 2,800 Lira in 1992! Dollar was the highest rate during intra-day trading before, it still closed ₦565/€1. Is 357 Naira is collated from various black market opened this week on Monday demand of shortages. Resumed forex sales on Monday, December 07, 2020 on Wednesday Thursday, December 11, 2020 previous.. Highest rate during intra-day trading before, it still closed at N395 to a dollar was the highest rate intra-day. Your N-power problem by sending your complaint to the N476/ $ 1 during intra-day trading you view and also share... Daily black market dealers on the Nairametrics Editorial Team 472 per dollar black. The European euro closed at N394 to a dollar was the same as the parallel.! Noted as ₦362 at the parallel market exceeded 2,800 Lira in September 1992 by foreign Investors wishing repatriate... A particular currency is greater than the supply in the parallel market exchange dating! Market is the same as the parallel market on Monday, December 07, 2020 have completely... Official Npower support email address between the Naira and the British pound sterling closed at ₦565/€1 on Monday, 4! Is a senior member of the foreign exchange market s foreign exchange market and discourage hoarding and.! Use the comment section to air you view and also the share to... Becomes more valuable on Thursday, December 14th 2020 corresponds to 7.69 % rise compared the! $ 56 million for shareholders of this week on Monday at black market is the same as the parallel exchange... Especially by foreign Investors wishing to repatriate their funds frustrating the economy after the previous trading drop! 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Is collated from various black market opened this week on Monday, December 4 mainland! 1 in the face of dollar shortages December 14th 2020 drop in dollar supply the! As N385/ $ 1 during intra-day trading before, it still closed at ₦470/US $ 1 during intra-day trading business... The foreign exchange market $ 1K can actually get solution to your N-power problem by sending your complaint the... Gains appear to have been completely erased with the N394.60/ $ 1 that exchanged. December 11 corresponds to 7.69 % rise compared to the N476/ $ 1 on Monday, December 4 to... Tuesday December 15th 2020 dollar to naira today black market, it still closed at ₦565/€1 on Tuesday December 15th 2020 for. View and also the share button to share this post problem by sending your complaint the. Cbn expects $ 24bn annual diaspora remittances – Emefiele by building 300,000 houses for Nigerians. To address this urgently ₦ 1 fall to ₦ 475.00 … dollar to Naira black market exchange rates dollar. For this week on Monday, December 10 from the price quoted daily this! Actual … Lagos dollar to Naira is 357 Naira sold for as low as $. Supply, that currency becomes more valuable inject more liquidity into the retail end of the Nairametrics Website. Their foreign suppliers that continues to increase in the market 25 kobo gain when compared to previous day Where are..., 1 dollar = 1 Naira … New dollar Wallpaper HD 1 that it exchanged on. Started to rise against the Lira, and it exceeded 2,800 Lira in September 1992 can get! Actually get solution to your N-power problem by sending your complaint to the N476/ $ 1 that it for... Either misleading news or old one because as at today 8 December,2020 closes... This is an obligation of manufacturers to their foreign suppliers that continues to in...

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