Naira

Dollar to Naira Today September 29, 2021

Published

3 years ago

September 29, 2021

Nigerian Naira opened at N414.05 to a United States Dollar on Wednesday at the Investors and Exporters Forex Window, slightly better than N414.50 it closed on Tuesday.

Investors traded $127.68 million worth of currency at the fx window during the trading hours of Tuesday.

However, Naira future fx rose as high as N420.99 while spot fx hits at N415.00 against the United States Dollar.

Dollar to Naira exchange rate varies depending on forex segment, for instance despite the Central Bank of Nigeria (CBN) ‘s efforts at ensuring no media outlet publish black market rates, Dollar to Naira exchange rate at the unregulated forex section is over N550. This, experts have blamed on forex scarcity caused by CBN inability to efficiently service the Nigerian economy with enough forex. Below is GTCO and CBN forex rates as at today September 29, 2021.

Guaranty Trust Holding Company Plc (GTCO) USD to Naira, Euro to Naira and Pounds to Naira rates

Currency	Bid	Offer
USD	413.500	413.500
GBP	1.356	1.386
JPY	113.030	108.030
EUR	1.158	1.188

Central Bank of Nigeria Official Rate

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
9/28/2021	US DOLLAR	408.77	409.77	410.77
9/28/2021	POUNDS STERLING	555.5184	556.8774	558.2364
9/28/2021	EURO	477.566	478.7343	479.9026
9/28/2021	SWISS FRANC	440.5799	441.6577	442.7355
9/28/2021	YEN	3.6671	3.6761	3.685
9/28/2021	CFA	0.7107	0.7207	0.7307
9/28/2021	WAUA	578.026	579.44	580.8541
9/28/2021	YUAN/RENMINBI	63.2498	63.4049	63.5601
9/28/2021	RIYAL	108.9705	109.237	109.5036
9/28/2021	SOUTH AFRICAN RAND	27.0694	27.1356	27.2019

Up Next

Naira Exchange Rate Today, Wednesday, October 6, 2021

Don't Miss

Naira Exchange Rate Today, Tuesday, September 28, 2021

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.

Comments

Naira

Black Market Dollar to Naira Exchange Rate Today 16th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 16th, 2024 stood at 1 USD to ₦1,560.

Published

12 hours ago

May 16, 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 16th, 2024 stood at 1 USD to ₦1,560.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,530 and sold it at ₦1,520 on Wednesday, May 15th, 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: ₦1,560
Selling Rate: ₦1,550

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 15th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 15th, 2024 stood at 1 USD to ₦1,530.

Published

2 days ago

May 15, 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 15th, 2024 stood at 1 USD to ₦1,530.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,520 and sold it at ₦1,510 on Tuesday, May 14th, 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: ₦1,530
Selling Rate: ₦1,520

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

3 days 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.