Naira

Daily Naira Exchange Rates; Friday December 18, 2020

Published

3 years ago

December 18, 2020

Samed Olukoya

Naira exchange rate to the United States Dollar improved by N1 to N477, better than the N478 it exchanged on Thursday.

Daily Naira Black Market Exchange Rates

Morning * Midday** Evening ***

Date	USD	GBP	EURO	YUAN	Canadian	Australian
NGN	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL	BUY/SELL
18/12/2020	472/477	622/630	570/577	55/68	340/362	250/295
17/12/2020	472/478	623/633	570/577	55/68	340/362	250/295
16/12/2020	472/476	620/627	570/576	55/68	340/362	250/295
15/12/2020	470/475	615/628	570/580	55/68	340/362	250/295
14/12/2020	470/475	620/628	570/580	55/68	340/362	250/295
11/12/2020	470/475	615/625	570/580	50/65	340/362	245/293
10/12/2020	470/476	612/624	567/577	50/65	330/362	245/293
09/12/2020	470/478	610/620	560/570	50/70	330/362	245/294
08/12/2020	470/483	610/620	560/570	50/70	330/362	245/293
07/12/2020	470/482	610/615	560/570	50/70	330/362	245/293
04/12/2020	465/475	615/625	560/570	50/70	330/362	245/293

Bureau De Exchange Naira Rates

Date	USD	GBP	EURO
NGN	BUY/SELL	BUY/SELL	BUY/SELL
18/12/2020	460/475	620/630	568/577
17/12/2020	460/475	618/633	565/580
16/12/2020	460/480	618/633	565/580
15/12/2020	460/480	615/630	565/580
14/12/2020	460/477	615/630	565/580
12/12/2020	460/480	610/630	550/580
11/12/2020	450/480	600/630	550/580
10/12/2020	450/480	600/630	550/580
09/12/2020	450/480	600/630	550/580
08/12/2020	440/480	565/635	530/582
07/12/2020	440/480	565/630	530/582
04/12/2020	440/480	565/630	530/580

Central Bank of Nigeria Naira Exchange Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
12/17/2020	US DOLLAR	379	379.5	380
12/17/2020	POUNDS STERLING	516.0464	516.7272	517.408
12/17/2020	EURO	463.8202	464.4321	465.044
12/17/2020	YEN	3.6778	3.6827	3.6875
12/17/2020	CFA	0.6824	0.6924	0.7024
12/17/2020	WAUA	544.2773	544.9954	545.7134
12/17/2020	YUAN/RENMINBI	57.9963	58.0732	58.1502
12/17/2020	RIYAL	101.0236	101.1568	101.2901
12/17/2020	DANISH KRONA	62.3253	62.4075	62.4897
12/17/2020	SDR	545.002	545.721	546.44

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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 6th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 6th, 2024 stood at 1 USD to ₦1,420.

Published

19 hours ago

May 6, 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 6th, 2024 stood at 1 USD to ₦1,420.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,400 and sold it at ₦1,390 on Saturday, May 4th, 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: ₦1,420
Selling Rate: ₦1,410

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

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

3 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

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

4 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.