Naira

Daily Naira Exchange Rates (Parallel Market, Bureau De Change and CBN Rates); Friday, January 15, 2021

Published

3 years ago

January 15, 2021

Daily Naira Exchange Rates (Parallel Market, Bureau De Change and CBN Rates); Friday, January 15, 2021

The Nigerian Naira remained under pressure against the United States Dollar on the parallel market at N475 exchange rate, while the value has not improved against the Euro and Pound, inflation rose to 15.75 percent in the month of December to further compound Nigeria’s predicament.

Date	USD	GBP	EURO	YUAN	Canadian	Australian
NGN	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL
15/01/2021	470/475	635/642	573/580	60/70	375/385	245/293
14/01/2021	470/475	630/640	570/580	60/70	375/385	245/293
13/01/2021	470/474	630/637	570/580	60/70	375/385	245/293
12/01/2021	470/475	630/637	575/580	60/70	375/385	245/293
11/01/2021	468/675	625/635	575/582	60/70	372/382	245/293
08/01/2021	467/672	622/630	570/575	60/70	365/378	245/293
07/01/2021	465/470	620/628	570/575	60/70	365/378	245/293
06/01/2021	465/470	620/628	565/570	60/70	365/378	245/293
05/01/2021	465/470	620/628	565/572	60/70	365/378	245/293
04/01/2021	465/470	620/628	565/572	60/70	365/378	245/293
31/12/2020	465/470	620/628	567/573	60/70	365/378	245/293
30/12/2020	465/470	620/628	567/573	60/70	365/378	245/293
29/12/2020	465/470	620/628	565/573	60/70	365/378	245/293
28/12/2020	460/465	615/625	560/570	60/70	350/367	245/293
25/12/2020	460/465	615/625	560/570	60/70	350/367	245/293
24/12/2020	460/465	615/625	560/570	60/70	350/367	245/293
23/12/2020	470/475	622/632	575/580	60/70	350/367	245/293
22/12/2020	472/476	622/630	570/578	60/70	340/362	250/295
21/12/2020	472/476	622/632	570/580	55/68	340/362	250/295
18/12/2020	472/477	622/630	570/577	55/68	340/362	250/295

Bureau De Change Naira Rates

Date	USD	GBP	EURO
NGN	BUY/SELL	BUY/SELL	BUY/SELL
15/01/2020	460/475	630/638	570/577
14/01/2020	460/475	630/638	570/577
13/01/2020	460/470	626/633	565/576
12/01/2020	460/470	626/633	566/576
11/01/2020	460/470	620/630	560/573
08/01/2020	460/470	615/625	555/573
07/01/2020	460/470	615/623	550/570
06/01/2020	460/470	610/623	550/572
05/01/2020	460/470	615/624	550/572
04/01/2020	460/470	615/624	550/572
31/12/2020	460/470	600/626	550/573
30/12/2020	460/470	600/626	550/573
29/12/2020	455/475	600/626	550/573
28/12/2020	455/475	605/628	555/573
25/12/2020	455/475	600/628	550/575
24/12/2020	455/474	600/628	555/575
23/12/2020	460/475	621/632	568/580
22/12/2020	470/475	620/631	568/577
21/12/2020	470/475	620/631	568/577

Central Bank of Nigeria’s Official Naira Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
1/15/2021	US DOLLAR	379	379.5	380
1/15/2021	POUNDS STERLING	516.9181	517.6001	518.282
1/15/2021	EURO	459.4996	460.1058	460.712
1/15/2021	SWISS FRANC	426.8499	427.413	427.9761
1/15/2021	YEN	3.6548	3.6596	3.6644
1/15/2021	CFA	0.6839	0.6939	0.7039
1/15/2021	WAUA	545.8708	546.5909	547.3111
1/15/2021	YUAN/RENMINBI	58.531	58.6087	58.6864
1/15/2021	RIYAL	101.0236	101.1568	101.2901
1/15/2021	SOUTH AFRICAN RAND	24.8724	24.9052	24.938

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Samed Olukoya

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Naira

Black Market Dollar to Naira Exchange Rate Today 14th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 14th, 2024 stood at 1 USD to ₦1,520.

Published

6 hours ago

May 14, 2024

Samed Olukoya

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 14th, 2024 stood at 1 USD to ₦1,520.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,500 and sold it at ₦1,480 on Monday, May 13th, 2024.

This indicates a decline in the Naira exchange rate compared to the current rate.

The black market rate plays a crucial role for investors and participants, offering a real-time reflection of currency dynamics outside official or regulated exchange channels.

Monitoring these rates provides insights into the immediate value of the Naira against the dollar, guiding decision-making processes for individuals and businesses alike.

It’s important to note that while the black market offers valuable insights, the Central Bank of Nigeria (CBN) does not officially recognize its existence.

The CBN advises individuals engaging in forex transactions to utilize official banking channels, emphasizing the importance of compliance with regulatory frameworks.

How much is dollar to naira today in the black market

For those navigating the currency exchange landscape, here are the latest figures for the black market exchange rate:

Buying Rate: ₦1,500
Selling Rate: ₦1,480

As economic conditions continue to evolve, staying informed about currency exchange rates empowers individuals to make informed financial decisions. While the black market provides immediate insights, adherence to regulatory guidelines ensures stability and transparency in forex transactions.

Naira

Black Market Dollar to Naira Exchange Rate Today 13th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 13th, 2024 stood at 1 USD to ₦1,500.

Published

1 day ago

May 13, 2024

Samed Olukoya

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 13th, 2024 stood at 1 USD to ₦1,500.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,470 and sold it at ₦1,460 on Friday, May 10th, 2024.

This indicates a decline in the Naira exchange rate compared to the current rate.

The black market rate plays a crucial role for investors and participants, offering a real-time reflection of currency dynamics outside official or regulated exchange channels.

Monitoring these rates provides insights into the immediate value of the Naira against the dollar, guiding decision-making processes for individuals and businesses alike.

It’s important to note that while the black market offers valuable insights, the Central Bank of Nigeria (CBN) does not officially recognize its existence.

The CBN advises individuals engaging in forex transactions to utilize official banking channels, emphasizing the importance of compliance with regulatory frameworks.

How much is dollar to naira today in the black market

For those navigating the currency exchange landscape, here are the latest figures for the black market exchange rate:

Buying Rate: ₦1,500
Selling Rate: ₦1,480

Naira

Black Market Dollar to Naira Exchange Rate Today 9th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 9th, 2024 stood at 1 USD to ₦1,450.

Published

5 days ago

May 9, 2024

Samed Olukoya

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 9th, 2024 stood at 1 USD to ₦1,450.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,440 and sold it at ₦1,430 on Wednesday, May 8th, 2024.

This indicates a decline in the Naira exchange rate compared to the current rate.

The black market rate plays a crucial role for investors and participants, offering a real-time reflection of currency dynamics outside official or regulated exchange channels.

Monitoring these rates provides insights into the immediate value of the Naira against the dollar, guiding decision-making processes for individuals and businesses alike.

It’s important to note that while the black market offers valuable insights, the Central Bank of Nigeria (CBN) does not officially recognize its existence.

The CBN advises individuals engaging in forex transactions to utilize official banking channels, emphasizing the importance of compliance with regulatory frameworks.