Initial USD rate was noted as ₦482 at the beginning of this week on Monday, December 07, 2020. You can use the comment section to air you view and also the share button to share this post. 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. The local currency lost N1 against the US dollar … This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. Euros to Naira. 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. The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. READ: IMF urges Nigeria to increase monetary reforms to boost balance of payments. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. New Dollar Wallpaper HD. This is the problem we are currently facing in Nigeria today. 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. The same explanation goes for terms like dollar to naira, 1 dollar to naira today, convert usd to naira. The lowest level of Canadian dollar to Naira exchange rate has been recoded above. This represents a 25 kobo gain when compared to the N392.38 that was recorded on Friday. He has worked in research and marketing departments of three top commercial banks. 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 The sharp drop in dollar supply after the previous trading day’s increase 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. Explore Economic Research Data From Nairametrics on Nairalytics. 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 … 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. This site uses Akismet to reduce spam. Dollar to Naira Rate Black Market October 16 2020. Also, the Naira Let Nigeria live. figures in this page are updated based on rates traded in the Black Market . 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 … 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. I.e $1 = ₦363. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. The CBN is still struggling to clear the backlog of foreign exchange demand, especially by foreign investors wishing to repatriate their funds. It also sold for as low as N385/$1 during intra-day trading. Chike is a senior member of the Nairametrics Editorial Team. In 1981, the dollar started to rise against the Lira, and it exceeded 2,800 Lira in September 1992. Dollar to Naira. Naira has Further Clashed To Dollar at the black market. Euros to Naira. 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. Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. 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. 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. We can make 1 dollar = 1 Naira … 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 drop in dollar supply after previous trading day’s record increases reinforces the volatility of the foreign exchange market. Remember to bookmark this page as the dollar to naira conversion rate will be updated regularly, due to the fluctuation in naira … The dollar to naira black market rate is ₦363. 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 … 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. Todays Exchange Rate In Naira. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. 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. 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 … 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 … 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. READ: CBN expects $24bn annual diaspora remittances – Emefiele. 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? The exchange rate between the naira and the British pound sterling closed at ₦615/₤1 on Tuesday, December 15th 2020. This was the same rate that it exchanged for on Friday, December 10. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. 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. 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. 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. The opening indicative rate was N392.66 to a dollar on Friday. These are the prevalent rates for Lagos. These are the prevalent rates for … Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. 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. It also sold for as low as N386/$1 during intra-day trading. We also included a table that shows the Dollar to Naira … The dollar changes for more there. Are Investors Selling Off Bitcoin As BTC Drops $1K? The rate had also closed at ₦ 470/US$1 on … 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. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. 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, … Your email address will not be published. Nigeria’s government has finally shown its interest to massively invest in housing. This was the same rate that it exchanged for on Friday, December 11. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. 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 N408.84 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. The opening indicative rate was N392.55 to a dollar on Monday. The exchange rate between the naira and the European euro closed at ₦565/€1 on Tuesday December 15th 2020. 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. Dollar to Naira Rate Black Market November 6 2020. See table below for parallel market exchange rate dating to 2019. When the demand for a particular currency is greater than the available supply, that currency becomes more valuable. 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%. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. This simply means exchange rate dollar to naira is 357 Naira. Convert foreign currencies instantly with the Abokifx calculator. The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. This is either misleading news or old one because as at today 8 December,2020 dollar closes at #472 per dollar. These are the prevalent rates for … Dollar Naira Exchange Rate Today AbokiFX Black Market.How Much is Dollar to Naira (Convert USD to Naira) Today… 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. However, the gains appear to have been completely erased with the recent crash of the exchange rate. Here are some suggested solutions to implement if we must see the high dollar to naira exchange rate today in the black market disappear. 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. Learn how your comment data is processed. Canadian dollar is nicknamed loonies and has the same symbol with the US Dollar … This corresponds to 7.69% rise compared to previous day. Today’s Naira Black Market Exchange Rates. The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. 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 Lebanese Lira started taking shape in 1924 and settled at around 3 Lira for one USD in the 1960s. 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. When we look at the whole month, Dollar … This equals to no rise for Dollar to Naira exchange rate for this week so far.. Where the are frustrating the economy. This makes a 1.45% fall for Dollar rate against Naira … Dollar to Naira. Pounds to Naira. 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