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Dollar to Naira Today December 21, 2021

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Naira Exchange Rates - Investors King

Here is dollar to naira exchange rate for today December 21, 2021 at the official and black market ahead of Christmas and New Year holidays.

ReadĀ Investors King daily update on dollar to naira exchange rates for the Black Market, Bureau De Change (BDC) and the Central Bank of Nigeria (CBN).

Dollar to Naira Black Market Today

The dollar to naira exchange rate remained well above N550 at the parallel market popularly known as the black market. The Nigerian Naira was exchanged at N567 to American Dollar on December 21st 2021, according to sources at the unregulated forex market.

The CBN had blamed black market operators for Nigeria’s unstable forex market. The apex bank accused operators, including Bureau de change, of manipulating the forex market for personal gain.Ā  CBN eventually stopped the sale of forex to bureau de change and discouraged Nigerians from patronising the black market for the forex need.

Dollar to Naira Official Market Today

The dollar to naira exchange rate opened at N414.11 on Tuesday at the Investors and Exporters Forex Window managed by the FMDQ. The represents an increase of 0.07 percent from N414.80 it closed on Monday. On Monday, investors transactions $360.18 million.

At the spot fx market, Naira slid to as low as N444 against the United States Dollar and N469.51 in the forward fx market.

The CBN adopted the FMDQ managed forex rates as the official foreign exchange rate in a move to converge Nigeria’s exchange rates in line with the agreement reached with the International Monetary Fund (IMF) and World Bank.Ā  Therefore, FMDQ rate is now the official exchange rate for investors and exporters looking to access forex for their daily news.

Bitcoin to Naira Exchange Rate

Bitcoin to Naira exchange rate was flat in the last 24 hours at N20.044 million per coin. Still, uncertain caused by omicron and US Fed’s likelihood of hiking interest rates in 2022 continued to impact the entire cryptocurrency space.

Eth, ethereum owned coin and the second largest cryptocurrency, also was flat at N1.653 million per coin ahead of the Christmas holiday.

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, March 18th, 2024

As of March 18th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,620 NGN in the black market, also referred to as the parallel market or Aboki fx.

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Naira to Dollar Exchange- Investors King Rate - Investors King

As of March 18th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,620 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 N1,590 and sell it at N1,580 on Thursday, March 14th, 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: N1,620
  • Selling Rate: N1,610

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Naira

Black Market Dollar to Naira Exchange Rate Today, March 14th, 2024

As of March 14th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,590 NGN in the black market, also referred to as the parallel market or Aboki fx.

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NAIRA - Investors King

As of March 14th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,590 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 N1,610 and sell it at N1,600 on Wednesday, March 13th, 2024 based on information from Bureau De Change (BDC).

Meaning, the Naira exchange rate improved 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.

Black Market Dollar to Naira Exchange Rate

  • Buying Rate: N1,590
  • Selling Rate: N1,580

Continue Reading

Naira

Black Market Dollar (USD) to Naira (NGN) Exchange Rate Today, March 13th, 2024

As of March 13th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,610 NGN in the black market, also referred to as the parallel market or Aboki fx.

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New Naira Notes

As of March 13th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,610 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 N1,620 and sell it at N1,610 on Monday, March 11th, 2024 based on information from Bureau De Change (BDC).

Meaning, the Naira exchange rate improved 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.

Black Market Dollar to Naira Exchange Rate

  • Buying Rate: N1,610
  • Selling Rate: N1,600

Continue Reading
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