Naira

Naira Exchange Rates Today, Monday, July 19, 2021

Published

3 years ago

July 19, 2021

500 and 1000 naira bills (Nigerian currency)

Naira declined further against the United States Dollar at the parallel market, popularly known as the black market ahead of the Sallah Holiday. The Naira dipped by N1 from N505 it traded against the United States Dollar on Thursday to N506 on Friday but moderated to N505 on Monday, July 19, 2021.

Against the British Pound and Euro common currency, the Nigerian Naira exchanged at N708 and N592, respectively.

Lack of liquidity across the foreign exchange markets continued to weigh on the Naira value and economic activities at large given the nature of the Nigerian economy, an import-dependent economy.

The Nigerian Naira traded at N500 against the United States Dollar at the bureau de change section of the forex market. While, it sold at N710 and N595 to a British Pound and Euro, respectively. See other exchange rates below.

Naira Black Market Exchange Rates

Morning * Midday** Evening *** Final Rates

Date	USD	GBP	EURO	YUAN	Canadian	Australian
NGN	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL
19/07/2021	497/505	698/705	585/592	62/69	407/415	300/320
16/07/2021	502/506	700/708	590/596	62/69	407/415	300/315
15/07/2021	500/505	700/708	590/596	62/69	407/415	300/320
14/07/2021	500/505	702/708	590/595	62/68	407/415	300/320
13/07/2021	500/505	702/708	590/595	62/68	407/415	300/320
12/07/2021	500/505	700/708	590/595	62/69	407/415	300/320
09/07/2021	500/505	700/708	588/593	62/69	407/417	300/320
08/07/2021	499/503	700/708	588/593	62/69	407/417	300/325
07/07/2021	499/503	700/710	588/593	62/69	407/417	300/325
06/07/2021	499/503	698/710	590/595	62/69	407/417	300/325

Bureau De Change Naira Rates

Date	USD	GBP	EURO
NGN	BUY/SELL	BUY/SELL	BUY/SELL
19/07/2021	495/500	695/710	580/595
16/07/2021	490/500	700/710	585/600
15/07/2021	490/500	698/710	585/600
14/07/2021	490/500	698/710	590/595
13/07/2021	490/500	697/710	585/600
12/07/2021	490/500	698/710	585/600
09/07/2021	490/500	698/710	585/600
08/07/2021	490/500	697/710	585/600
07/07/2021	490/500	697/710	585/600
06/07/2021	490/500	697/710	585/600
05/07/2021	490/500	700/714	585/600

Central Bank of Nigeria’s Official Naira Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
7/19/2021	US DOLLAR	409.13	409.63	410.13
7/19/2021	POUNDS STERLING	560.4672	561.1521	561.8371
7/19/2021	EURO	481.4642	482.0526	482.641
7/19/2021	SWISS FRANC	444.079	444.6217	445.1644
7/19/2021	YEN	3.7323	3.7368	3.7414
7/19/2021	CFA	0.717	0.727	0.737
7/19/2021	WAUA	581.3474	582.0578	582.7683
7/19/2021	YUAN/RENMINBI	63.0498	63.1274	63.2049
7/19/2021	RIYAL	109.0781	109.2114	109.3447
7/19/2021	SOUTH AFRICAN RAND	28.1906	28.225	28.2595

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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

Dollar to Naira Black Market Exchange Rate Today 4th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 4th, 2024 stood at 1 USD to ₦1,400.

Published

2 days ago

May 4, 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 4th, 2024 stood at 1 USD to ₦1,400.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,380 and sold it at ₦1,370 on Friday, May 3rd, 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 black market

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

Buying Rate: ₦1,400
Selling Rate: ₦1,390

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 Rate Reaches ₦1,380 Today, May 3rd, 2024

US dollar to Nigerian Naira exchange rate as of May 3rd, 2024 at the black market stood at 1 USD to ₦1,380

Published

3 days ago

May 3, 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 3rd, 2024 stood at 1 USD to ₦1,380.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,350 and sold it at ₦1,340 on Thursday, May 2nd, 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 black market

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

Buying Rate: ₦1,380
Selling Rate: ₦1,370

Naira

Dollar to Naira Black Market Today, May 2nd, 2024

As of May 2nd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,350 NGN in the black market, also referred to as the parallel market or Aboki fx.

Published

3 days ago

May 2, 2024

Samed Olukoya

As of May 2nd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,350 NGN in the black market, also referred to as the parallel market or Aboki fx.

For those engaging in currency transactions in the Lagos Parallel Market (Black Market), buyers purchase a dollar for N1,310 and sell it at N1,300 on Monday, April 29th, 2024 based on information from Bureau De Change (BDC).

Meaning, the Naira exchange rate declined when compared to today’s rate below.

This black market rate signifies the value at which individuals can trade their dollars for Naira outside the official or regulated exchange channels.

Investors and participants closely monitor these parallel market rates for a more immediate reflection of currency dynamics.

How Much is Dollar to Naira Today in the Black Market?

Kindly be aware that the Central Bank of Nigeria (CBN) does not acknowledge the existence of the parallel market, commonly referred to as the black market.

The CBN has advised individuals seeking to participate in Forex transactions to utilize official banking channels.