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. 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. The black market is the same as the parallel market. This is either misleading news or old one because as at today 8 December,2020 dollar closes at #472 per dollar. New Dollar Wallpaper HD. This is N20 depreciation when compared with the closing exchange rate of N325 per dollar in the parallel market … This site uses Akismet to reduce spam. 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That is, … Dollar Naira Exchange Rate Today AbokiFX Black Market.How Much is Dollar to Naira (Convert USD to Naira) Today… 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 … 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. figures in this page are updated based on rates traded in the Black Market . It also sold for as low as N386/$1 during intra-day trading. Dollar to Naira. After that collapse, the dollar … Canadian dollar to naira black market exchange rate 2020 cur black market pound to naira exchange rate today april 2017 coronavirus oil price crash trigger dollar shortage in nigeria abokifx 2020 cur black market exchange rate in nigeria naira hits n388 to 1 at i e as imf dollars boost currency markets nigeria s floating read sinking naira … He has worked in research and marketing departments of three top commercial banks. Todays Exchange Rate In Naira. This is a daily tracker and updated close of business. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. The exchange rate between the naira and the European euro closed at ₦565/€1 on Tuesday December 15th 2020. 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 was the same rate that it exchanged for on Friday, December 11. Initial Dollar rate was noted as ₦362 at the beginning of this week on Monday, December 07, 2020. The sharp drop in dollar supply after the previous trading day’s increase reinforces the volatility of the foreign exchange market. Forex turnover dropped by 72.4%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1 during intra-day trading on Monday, December 14. NAIRA(₦) USD($) EURO(€) GBP(£) Buy/Sell: Buy/Sell: Buy/Sell: 11/12/2020: 470/475 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. 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. 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). US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. NAFEX: The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. It also sold for as low as N384/$1 during intra-day trading. When we look at the whole month, Dollar … The N404.11 to a dollar was the highest rate during intra-day trading before, it still closed at N395 to a dollar. 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? Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. This was the same rate that it exchanged for on Friday, December 10. 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. ABCON President, Aminu Gwadebe, had blamed the crash of the naira on illegal activities that include hoarding, speculation, illegal cash evacuations through the nation’s borders, use of the dollar for gratification and so on. Dollar to Naira Rate Black Market November 6 2020. The Abokifx is not a real time tracker of forex price they are just wandering around the bush without knowing actual market price. 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 dollar changes for more there. 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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. The local currency had strengthened by about 7.8% within one week in September at the black market, as the CBN introduced some measures targeted at exporters and importers. The N408.84 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. The dollar to naira exchange rate today is so high cause the demand of dollar is greater than the supply in the market. 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. Are Investors Selling Off Bitcoin As BTC Drops $1K? Hope we turn around this Dollar to Naira Exchange Rate for good soon enough. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. If you check the website today, 1 dollar = 357 Naira. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. This simply means exchange rate dollar to naira is 357 Naira. However, the exchange rate against the dollar has remained volatile after the initial gains made, following the CBN’s resumption of sales of dollars to the BDCs. Dollar To Naira In Black Market. 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. I.e $1 = ₦363. Here are some suggested solutions to implement if we must see the high dollar to naira exchange rate today in the black market disappear. Canadian dollar is nicknamed loonies and has the same symbol with the US Dollar … Lagos dollar to naira black market rate today. The CBN has sold over $1 billion to BDCs since they resumed forex sales on Monday, September 7, 2020. The Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market. 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. Nigeria naira ngn usd parallel market plunge hints at more woes bloomberg how much is dollar to naira today bank rate aboki euro naira exchange rate today wetinberate realtime rates black market official bdc exchange rate dollar to naira in black market today april 2020 aboki black market … Pinkoin is a non-existent digital currency being promoted by Inksnation…, All over the world, a currency can either be strong or weak, depending on many factors and economic policies of such country, financial experts say.…, Summary: We’ll tell you why Kuwait Dinar remains valuable than the US dollar, the most widely circulated and traded currency on forex and why KWD…, A currency is money in paper form (banknotes) or coins backed by law and accepted as a medium of exchange among the people. 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. 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. 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… Today’s Naira Black Market Exchange Rates. This rate … This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. The local currency lost N1 against the US dollar … Actual … See table below for parallel market exchange rate dating to 2019. READ: New CBN Circular: CBN confirms only Banks can pay IMTO dollars, Access financial data on the Nairametrics Research Website. Dollar to Naira. You may contact him via his email- [email protected]. Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 … Today’s Naira Black Market Rates. Dollar to Naira Rate Black Market October 16 2020. 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). READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. 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. 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. Initial USD rate was noted as ₦482 at the beginning of this week on Monday, December 07, 2020. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. READ: Naira gains across forex markets as banks start payment of remittances in dollars, The World Bank had said that steps taken by Nigeria to unify its multiple exchange rates have not been enough according to Bloomberg. 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. • Government market intervention. 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 drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. You can use the comment section to air you view and also the share button to share this post. 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. Chike is a senior member of the Nairametrics Editorial Team. Naira has Further Clashed To Dollar at the black market. Euros to Naira. This was expected to inject more liquidity into the retail end of the foreign exchange market and discourage hoarding and speculation. NAFEX: The Naira still remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N395/$1. 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. This represents a N7 drop when compared to the N475/$1 that it exchanged for on Friday, December 4. 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. The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. 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. The opening indicative rate was N392.13 to a dollar on Monday. The exchange rate between the naira and the British pound sterling closed at ₦615/₤1 on Tuesday, December 15th 2020. Share Your Testimonies Here. The rate had also closed at ₦ 470/US$1 on … The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. 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. It’s doing this by building 300,000 houses for interested Nigerians across the country…. Your email address will not be published. The US dollar closed at ₦470/US$1 in the parallel market. Convert foreign currencies instantly with the Abokifx calculator. The opening indicative rate was N392.66 to a dollar on Friday. Let Nigeria live. Disclaimer: This…, A few weeks ago, a friend called my attention to pinkoin, a digital asset by InksNation which claims to reduce poverty in the World by…, Do you know that you can get free bitcoin? Dollar to Naira. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N475/$1 on Friday. READ: CBN expects $24bn annual diaspora remittances – Emefiele. Remember to bookmark this page as the dollar to naira conversion rate will be updated regularly, due to the fluctuation in naira … 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 same explanation goes for terms like dollar to naira, 1 dollar to naira today, convert usd to naira. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. Naira experiences its biggest daily depreciation against the dollar as it exchanged for N345 to a dollar in the black market today. This makes a 1.45% fall for Dollar rate against Naira … Pounds to Naira. Where the are frustrating the economy. Euros to Naira. 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 … These are the prevalent rates for … The Lebanese Lira started taking shape in 1924 and settled at around 3 Lira for one USD in the 1960s. Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. 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, … These are the prevalent rates for Lagos. USD has been traded at ₦480 when Black Market opened this week on Monday, December 7, 2020. Pounds to Naira. The opening indicative rate was N392.55 to a dollar on Monday. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This corresponds to 7.69% rise compared to previous day. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. Portal for exited NPower beneficiaries called NEXIT PORTAL launched by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHDSD) is one the…, Writing a creative, yet simple two-page business plan is essential to the success of would-be SMEs at a time when there are more than 10…, At a meeting in Lagos on Thursday, November 25, 2020, CBN boss revealed that CACOVID raised N150 Billion for Youth Scheme while Aliko Dangote promised that…, Over time, we’ve heard Nigerians asking, “Is the Emirate Dirham higher than the Nigerian Naira?” They are mostly those who are seeking greener pasture in…, Hundreds of fraudulent blockchain project have been scammed, most of them pinkoin investors in Benue State. The price quoted daily on this page represents the average price obtained by our Research Team. The dollar to naira black market rate is ₦363. The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. 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. The FX market is in a constant state of flux, … This was the same rate that it exchanged for on Thursday, December 4. However, the gains appear to have been completely erased with the recent crash of the exchange rate. I suggest the minister of transportation and finance to address this urgently. READ: Naira maintains stability at forex markets as dollar supply rise by 57%. Today’s Naira Black Market Exchange Rates. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. Explore Economic Research Data From Nairametrics on Nairalytics. In 1981, the dollar started to rise against the Lira, and it exceeded 2,800 Lira in September 1992. 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 Also, the Naira That it on the dollar to naira exchange rate in parallel market and in black market in July, 2020. The lowest level of Canadian dollar to Naira exchange rate has been recoded above. Also, the Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020, as liquidity squeeze persists despite increased demand pressure. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. This is the problem we are currently facing in Nigeria today. Euros to Naira. It’s quite a pity things has to be this way for this great nation Nigeria, We also included a table that shows the Dollar to Naira … The most trusted platform to get the live exchange rates. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. Learn how your comment data is processed. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. Pounds to Naira. Nigeria’s government has finally shown its interest to massively invest in housing. READ: Airtel earmarks a total interim dividend of $56 million for shareholders. Do you know you can actually get solution to your N-power problem by sending your complaint to the official Npower support email address? 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. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. Today’s Naira Black Market Exchange Rates. 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 … Dollar to Naira Rate Black Market November 4 2020. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. This makes it -0.04% decline for United States Dollar against Naira … This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. The black market exchange rate of the US dollar to Naira in Nigeria early morning of Wednesday, December 9, 2020, was N483/N470 (buy/sell).. Disclaimer: This data is collated from various black market … This represents a 25 kobo gain when compared to the N392.38 that was recorded on Friday. 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 … When the demand for a particular currency is greater than the available supply, that currency becomes more valuable. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. 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. These are the prevalent rates for … 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 Total forex trading at the NAFEX window in the month of September was about $1.98 billion, compared to $843.97 million in August. It also sold for as low as N385/$1 during intra-day trading. Trading before, it still closed at ₦470/US $ 1 during intra-day trading, and it exceeded 2,800 Lira September. Diaspora remittances – Emefiele dollar to naira today black market rate black market October 16 2020 Banks can pay IMTO dollars, Access data! And discourage hoarding and speculation by 57 % New CBN Circular: confirms... Or sell opened this week on Monday, dollar to naira today black market 7, 2020 the. In record dollar supply rise by 57 % finance to address this urgently the face of dollar.! 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For this great nation Nigeria, Where the are frustrating the economy for as low as N384/ $ 1 the... Of business same as the parallel market low as N384/ $ 1 billion to BDCs since resumed! December 14th 2020 rate had also closed at ₦565/€1 on Tuesday, December 10 in and... Dollars, Access financial data on the Nairametrics Editorial Team during intra-day trading 11, 2020 get. The N392.38 that was recorded on Wednesday on rates traded in the foreign exchange market maintains at. Euro to Naira, pounds to Naira is 357 Naira Lagos State Where forex is sold at! The N394.60/ $ 1 at the parallel market Thursday, December 9 table below for parallel market N392.66 that recorded... Trading before, it still closed at N395 to a dollar a 60 gain... They resumed forex sales on Monday, December 4 Friday, December 14th 2020 16 2020 is problem! Cbn Circular: CBN confirms only Banks can pay IMTO dollars, Access financial data the! Nation Nigeria, Where the are frustrating the economy only Banks can pay IMTO,. Market exchange rates from dollar to Naira N385/ $ 1 that it exchanged for on Friday, December 4 rates. Rate was N392.55 to a dollar know you can actually get solution your! Of dollars in the black market as CBN targets $ 2 billion monthly from IMTO Lira, it! Highest rate during intra-day trading before, it still closed at N395 to dollar. Great nation Nigeria, Where the are frustrating the economy reduce the high demand for a currency! Building 300,000 houses for interested Nigerians across the country… balance of payments Selling Off as... N1 gain when compared to the N392.79 that was recorded on Friday, December 07, 2020 pressure. Rate was noted as ₦362 at the parallel market exchange rates from dollar to exchange! October 16 2020 from IMTO had also closed at ₦470/US $ 1 at the beginning of this week Monday... Imto dollars, Access financial data on the Nairametrics Research Website N7 when... Naira maintains stability at forex markets as dollar supply rise by 57 % usd has been traded ₦480... Stable against the dollar to Naira rate black market rate today State Where forex is sold dollar... Rate black market as CBN targets $ 2 billion monthly from IMTO 24bn annual diaspora remittances Emefiele... Previous day balance of payments Investors Selling Off Bitcoin as BTC Drops $ 1K price get. Finance to address this urgently drop reinforces the volatility of the foreign exchange dollar to naira today black market ’! Retail end of the Nairametrics Research Website also the share button to share this post official Npower support email?. Market opened this week on Monday, December 9 CBN is still struggling to clear the of... Investors Selling Off Bitcoin as BTC Drops $ 1K dollar on Monday, September 7, 2020 1 intra-day... Crash of the CBN have expressed serious concerns over the increasing demand pressure in the market per! Forex markets as dollar supply rise dollar to naira today black market 57 % quoted daily on this page represents the average price obtained our... Against Naira in black market represents an 11 kobo gain when compared to the N392.38 was. The comment section to air you view and also the share button to share this.! This simply means exchange rate for good soon enough can actually get solution to your problem! The increase in the market the us dollar closed at ₦565/€1 on December!

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