After that collapse, the dollar … The rate had also closed at ₦615/₤1 on Monday, December 14th 2020. Hope we turn around this Dollar to Naira Exchange Rate for good soon enough. READ: Naira maintains stability at forex markets as dollar supply rise by 57%. 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 … The US dollar closed at ₦470/US$1 in the parallel market. The local currency lost N1 against the US dollar … However, the gains appear to have been completely erased with the recent crash of the exchange rate. 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. 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. Today’s Naira Black Market Rates. Are Investors Selling Off Bitcoin As BTC Drops $1K? 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 … He has worked in research and marketing departments of three top commercial banks. Euros to Naira. 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. USD is being traded at ₦476 in Black Market(Lagos) today, Sunday, December 13, 2020. Todays Exchange Rate In Naira. The N408.34 to a dollar was the highest rate during intra-day trading before, it still closed at N394 to a dollar. It’s quite a pity things has to be this way for this great nation Nigeria, The increase in record dollar supply after some previous trading days drop reinforces the volatility of the foreign exchange market. This is either misleading news or old one because as at today 8 December,2020 dollar closes at #472 per dollar. It also sold for as low as N385/$1 during intra-day trading. The dollar to naira black market rate is ₦363. 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 … The price quoted daily on this page represents the average price obtained by our Research Team. 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, … Pounds to Naira. Naira experiences its biggest daily depreciation against the dollar as it exchanged for N345 to a dollar in the black market today. This rate … This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. Learn how your comment data is processed. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. I suggest the minister of transportation and finance to address this urgently. This corresponds to 7.69% rise compared to previous day. Top losing exchange rate is Dollar to Naira having a ₦ 1 fall to ₦ 475.00 … 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. 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. 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. Dollar To Naira Exchange Rate Today Black Market {Updated Daily} N470 – buy per $1; N482 – sell per $1; Though in recent days it has been fluctuating, currently at the rate above. Remember to bookmark this page as the dollar to naira conversion rate will be updated regularly, due to the fluctuation in naira … Pounds to Naira. We can make 1 dollar = 1 Naira … The FX market is in a constant state of flux, … NAIRA(₦) USD($) EURO(€) GBP(£) Buy/Sell: Buy/Sell: Buy/Sell: 11/12/2020: 470/475 US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. 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. NAFEX: The Naira still remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N395/$1. The dollar changes for more there. The rate had also closed at ₦565/€1 on Monday, December 14th 2020. 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 represents a 25 kobo gain when compared to the N392.38 that was recorded on Friday. 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. This represents a 13 kobo drop when compared to the N392.79 that was recorded on Wednesday. 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). See table below for parallel market exchange rate dating to 2019. 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. We also included a table that shows the Dollar to Naira … NAFEX: The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N394/$1. If you’re wondering how possible is that, I’ll reveal several ways to earn free crypto coins…, It seems online advertising can no longer depend on Google’s Adsense for cryptocurrency ads as Ethereum launched a platform for advertisers to reach millions of…, In the last few weeks, bitcoin has been hanging between $18K-$19k, but it has been making significant progress in the last few hours trading at…, Bitcoin price dropped sharply in the past few hours, causing a panic sell-off among some crypto investors. 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. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. That it on the dollar to naira exchange rate in parallel market and in black market in July, 2020. Dollar to Naira. Also, the 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? Dollar Naira Exchange Rate Today AbokiFX Black Market.How Much is Dollar to Naira (Convert USD to Naira) Today… Your email address will not be published. The Abokifx is not a real time tracker of forex price they are just wandering around the bush without knowing actual market price. This makes a 1.45% fall for Dollar rate against Naira … 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? This represents a N7 drop when compared to the N475/$1 that it exchanged for on Friday, December 4. These are the prevalent rates for … The dollar to naira exchange rate today is so high cause the demand of dollar is greater than the supply in the market. 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 Where the are frustrating the economy. 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. Let Nigeria live. Dollar to Naira. The opening indicative rate was N392.66 to a dollar on Friday. 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. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange 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 … It also sold for as low as N384/$1 during intra-day trading. 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. Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. Initial USD rate was noted as ₦482 at the beginning of this week on Monday, December 07, 2020. When we look at the whole month, Dollar … The rate had also closed at ₦470/US$1 on Monday, December 14th 2020. You may contact him via his email- [email protected]. 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. Chike is a senior member of the Nairametrics Editorial Team. The N404.11 to a dollar was the highest rate during intra-day trading before, it still closed at N395 to a dollar. 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. figures in this page are updated based on rates traded in the Black Market . This is N20 depreciation when compared with the closing exchange rate of N325 per dollar in the parallel 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. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. 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 same explanation goes for terms like dollar to naira, 1 dollar to naira today, convert usd to naira. It also sold for as low as N386/$1 during intra-day trading. 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 … Naira has Further Clashed To Dollar at the black market. In 1981, the dollar started to rise against the Lira, and it exceeded 2,800 Lira in September 1992. 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. When the demand for a particular currency is greater than the available supply, that currency becomes more valuable. Dollar to Naira Rate Black Market November 6 2020. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Tuesday, closing at N394/$1. The opening indicative rate was N392.55 to a dollar on Monday. 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. 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. • Government market intervention. READ: CBN expects $24bn annual diaspora remittances – Emefiele. 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? 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 CBN has sold over $1 billion to BDCs since they resumed forex sales on Monday, September 7, 2020. The opening indicative rate was N392.13 to a dollar on Monday. 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. This was expected to inject more liquidity into the retail end of the foreign exchange market and discourage hoarding and speculation. 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. READ: Airtel earmarks a total interim dividend of $56 million for shareholders. 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… READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. The Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1. These are the prevalent rates for Lagos. 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