Naira

Naira Exchange Rates; Tuesday, March 16, 2021

Published

3 years ago

March 16, 2021

500 and 1000 naira bills (Nigerian currency)

Naira depreciated by N4 against the British Pound to N480 on Tuesday at the parallel market. Against the United States Dollar the local currency exchanged at N485, the same rate it traded on Monday.

Daily 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
16/03/2021	478/485	670/680	572/582	60/68	386/398	382/300
15/03/2021	478/485	670/676	572/582	60/68	386/398	382/300
12/03/2021	477/485	670/675	570/580	60/68	386/398	382/300
11/03/2021	475/482	668/675	568/575	60/68	386/398	382/300
10/03/2021	477/484	670/675	570/580	60/68	386/398	382/300
09/03/2021	475/484	670/675	578/580	60/68	385/395	382/300
08/03/2021	475/482	670/675	578/583	60/68	385/395	382/300
05/03/2021	475/480	670/675	577/582	60/68	385/395	382/300
04/03/2021	475/480	665/672	574/580	60/68	385/395	382/300
03/03/2021	475/480	662/672	574/580	60/68	385/395	382/300
02/03/2021	475/480	662/672	574/580	60/68	385/395	382/300
01/03/2021	475/482	662/672	575/583	60/68	385/395	382/300
26/02/2021	475/482	660/672	575/583	60/68	385/395	382/300
25/02/2021	475/480	660/670	572/580	60/68	385/395	282/300
24/02/2021	475/480	655/670	570/580	60/68	385/395	282/300
23/02/2021	475/480	655/665	575/582	60/68	385/395	282/300
22/02/2021	475/480	652/660	575/580	60/68	385/395	282/300
19/02/2021	474/478	648/655	570/577	60/68	385/395	282/300
18/02/2021	472/477	645/655	570/575	60/68	385/395	282/300
17/02/2021	472/478	645/655	570/575	60/68	385/395	282/300
16/02/2021	465/473	645/652	565/570	60/68	385/395	282/300
15/02/2021	465/473	642/652	562/570	60/68	385/395	282/300
12/02/2021	465/473	642/650	562/570	60/68	385/395	282/300
11/02/2021	465/475	640/650	560/570	60/70	385/400	280/300
10/02/2021	472/478	645/652	565/575	60/70	385/400	280/300
09/02/2021	474/480	645/655	567/575	60/70	385/400	280/300
08/02/2021	474/480	645/655	567/575	60/70	385/400	280/300
05/02/2021	474/480	645/653	567/578	60/70	385/400	280/300
04/02/2021	474/480	645/653	567/578	60/70	385/400	280/300
03/02/2021	474/480	642/655	575/580	60/70	385/400	280/300
02/02/2021	474/480	642/655	575/580	60/70	385/400	280/300
01/02/2021	474/480	642/655	575/580	60/70	385/400	280/300
29/01/2021	474/480	642/652	575/580	60/70	385/400	280/300

Bureau De Change Naira Rates

Date	USD	GBP	EURO
NGN	BUY/SELL	BUY/SELL	BUY/SELL
16/03/2021	475/485	667/674	569/578
15/03/2021	470/480	665/674	560/578
12/03/2021	470/480	665/674	560/578
11/03/2021	470/480	665/674	560/578
10/03/2021	470/480	665/674	560/578
09/03/2021	470/480	665/674	567/580
08/03/2021	470/480	662/672	570/580
05/03/2021	470/480	662/672	570/580
04/03/2021	470/480	662/672	570/580
03/03/2021	470/480	662/670	573/580
02/03/2021	470/480	660/669	573/580
01/03/2021	470/480	660/669	574/580
26/02/2021	470/480	660/669	574/580
25/02/2021	470/480	658/665	574/580
24/02/2021	470/478	654/660	570/578
23/02/2021	470/478	654/660	570/578
22/02/2021	470/477	650/656	570/577
19/02/2021	465/476	645/656	565/573
18/02/2021	465/475	640/652	563/570
17/02/2021	465/477	640/655	562/572
16/02/2021	460/475	640/652	562/570
15/02/2021	460/475	638/652	561/568
12/02/2021	467/475	635/650	562/570
11/02/2021	465/475	640/655	560/575
10/02/2021	472/478	640/655	565/575
09/02/2021	472/478	640/655	565/575
08/02/2021	472/478	640/655	565/575
05/02/2021	472/478	640/650	565/575
04/02/2021	472/478	640/650	565/575
03/02/2021	471/478	640/650	572/580
02/02/2021	471/478	640/655	572/580
01/02/2021	471/478	640/655	572/580
29/01/2021	471/477	640/648	570/579

Central Bank of Nigeria’s Official Naira Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
3/16/2021	US DOLLAR	379	379.5	380
3/16/2021	POUNDS STERLING	525.5593	526.2527	526.946
3/16/2021	EURO	452.9429	453.5405	454.138
3/16/2021	SWISS FRANC	409.6854	410.2259	410.7664
3/16/2021	YEN	3.4758	3.4804	3.485
3/16/2021	CFA	0.6696	0.6796	0.6896
3/16/2021	WAUA	540.6816	541.3949	542.1082
3/16/2021	YUAN/RENMINBI	58.3194	58.3967	58.4741
3/16/2021	RIYAL	101.0505	101.1838	101.3171
3/16/2021	SOUTH AFRICAN RAND	25.5817	25.6154	25.6492

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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 7th May 2024

The black market, also known as the parallel market or Aboki fx, US dollar to Nigerian Naira exchange rate as of May 7th, 2024 stood at 1 USD to ₦1,430.

Published

7 hours ago

May 7, 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 7th, 2024 stood at 1 USD to ₦1,430.

Recent data from Bureau De Change (BDC) reveals that buyers in the Lagos Parallel Market purchased a dollar for ₦1,420 and sold it at ₦1,410 on Monday, May 6th, 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: ₦1,430
Selling Rate: ₦1,420

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 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

1 day 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

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.