Naira

Naira Exchange Rate Today, Friday, August 20, 2021

Published

3 years ago

August 20, 2021

Naira to Dollar Exchange- Investors King Rate - Investors King

Naira depreciated further against its global counterparts on Friday at the black market as forex scarcity persist.

The local currency exchanged at N520 to a United States Dollar at the parallel market, representing a decline of N5 when compared to N515 it exchanged on Tuesday. While against the British and Euro common currency, the Nigerian traded at N708 and N607, respectively.

Economic uncertainty continues to dictate the Nigerian Naira’s outlook, especially after the series of changes implemented by the Central Bank of Nigeria (CBN) to prop up the value of the local currency, curb the activities of speculators and hoarders at the unregulated black market and converge the nation’s exchange rates.

However, weak foreign reserves amid chronic forex scarcity remained the bane of Nigeria’s forex predicament. The inability of the Central Bank of Nigeria to service the economy with enough forex given the structure of the economy as an import-dependent economy continues to escalate the price of import goods and the profit of imports dependent businesses. 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
20/08/2021	512/520*	703/708*	603/607*	70/75	420/430	305/330
19/08/2021	512/520	703/708	603/607	70/75	420/430	305/330
18/08/2021	510/517	700/707	597/606	70/75	420/430	305/330
17/08/2021	510/515	700/706	595/605	70/75	415/430	305/330
16/08/2021	508/515	700/705	590/600	70/75	415/430	305/330
13/08/2021	508/515	695/703	590/600	70/75	415/425	305/330
12/08/2021	507/515	695/702	590/598	70/75	415/425	305/330
11/08/2021	507/515	695/703	590/596	70/75	415/425	305/330
10/08/2021	503/510	695/703	590/596	70/75	415/425	305/330
09/08/2021	503/510	695/705	590/596	70/75	420/420	305/330
06/08/2021	505/510	700/705	592/598	70/75	407/415	305/330
05/08/2021	500/508	700/705	590/598	70/75	407/415	305/330

Bureau De Change Naira Rates

Date	USD	GBP	EURO
NGN	BUY/SELL	BUY/SELL	BUY/SELL
20/08/2021	505/520	700/708	600/606
19/08/2021	505/520	700/708	600/606
18/08/2021	500/516	700/708	595/606
17/08/2021	500/513	695/706	585/603
16/08/2021	500/513	695/705	585/600
13/08/2021	500/513	690/700	585/600
12/08/2021	500/513	690/700	585/600
11/08/2021	500/513	680/705	585/600
10/08/2021	500/506	680/705	585/600
09/08/2021	500/506	680/705	580/600
07/08/2021	510/520	695/706	585/600
06/08/2021	495/508	680/705	580/602
05/08/2021	495/508	685/705	580/602
04/08/2021	495/508	685/705	580/602

Central Bank of Nigeria’s Official Naira Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
8/19/2021	US DOLLAR	409.13	409.63	410.13
8/19/2021	POUNDS STERLING	559.608	560.2919	560.9758
8/19/2021	EURO	478.6003	479.1852	479.7701
8/19/2021	YEN	3.7323	3.7368	3.7414
8/19/2021	CFA	0.712	0.722	0.732
8/19/2021	WAUA	579.7989	580.5075	581.2161
8/19/2021	YUAN/RENMINBI	63.043	63.1205	63.198
8/19/2021	RIYAL	109.0868	109.2201	109.3534
8/19/2021	SOUTH AFRICAN RAND	26.9452	26.9781	27.011
8/19/2021	DANISH KRONA	64.3418	64.4204	64.499

N.B: These tables are updated three times a day.

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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 Today, April 23rd, 2024

Published

3 hours ago

April 23, 2024

Samed Olukoya

As of April 23rd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,250 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 N1,290 and sell it at N1,280 on Monday, April 22nd, 2024 based on information from Bureau De Change (BDC).

Meaning, the Naira exchange rate improved 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.

Black Market Dollar to Naira Exchange Rate

Buying Rate: N1,250
Selling Rate: N1,240

Naira

Dollar to Naira Black Market Today, April 22nd, 2024

As of April 22nd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,290 NGN in the black market, also referred to as the parallel market or Aboki fx.

Published

1 day ago

April 22, 2024

Samed Olukoya

As of April 22nd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,290 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 N1,100 and sell it at N1,090 on Friday, April 19th, 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.

Black Market Dollar to Naira Exchange Rate

Buying Rate: N1,290
Selling Rate: N1,280

Naira

Dollar to Naira Black Market Today, April 19th, 2024

As of April 19th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,100 NGN in the black market, also referred to as the parallel market or Aboki fx.

Published

4 days ago

April 19, 2024

Samed Olukoya

As of April 19th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,100 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 N1,020 and sell it at N1,010 on Thursday, April 18th, 2024 based on information from Bureau De Change (BDC).

Meaning, the Naira exchange rate declined slightly 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.