Naira

Naira Exchange Rates Today Thursday, July 1, 2021

Published

3 years ago

July 1, 2021

Naira depreciated further against global counterparts on Thursday at the nation’s black market. Against the United States Dollar, the Naira declined by N1 to N503 from N502 it exchanged on Tuesday.

Against the British Pound, the local currency exchanged N710, the same rate it sold on Tuesday. Naira to Euro exchange rate stood at N598 on Thursday morning, from N595 it exchanged on Tuesday.

Weak economic activities amid an unclear economic path continue to dictate Naira’s outlook, especially as liquidity remains an issue despite the central bank’s announcement that the various section of forex would be flooded with enough forex to deepen economic activities and sustain economic recovery post-COVID-19. See 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
01/07/2021	498/503	705/710	590/595	62/69	400/410	300/325
30/06/2021	498/503	705/710	590/598	62/69	400/410	300/325
29/06/2021	498/502	705/710	590/595	62/69	400/410	300/325
28/06/2021	498/502	705/710	590/600	62/69	400/410	300/322
25/06/2021	496/500	705/710	595/600	62/69	400/410	300/322
24/06/2021	495/500	705/710	590/595	62/69	400/410	300/322
23/06/2021	495/500	705/710	585/592	62/69	400/410	300/322
22/06/2021	495/500	703/713	585/595	62/69	400/410	300/322
21/06/2021	495/500	703/710	585/592	62/69	400/410	300/325
18/06/2021	492/498	700/710	585/595	62/69	400/410	300/325
17/06/2021	483/493	700/710	590/600	62/69	400/410	300/322
16/06/2021	497/502	707/713	600/606	62/69	400/410	300/322

Bureau De Change Naira Rates

Date	USD	GBP	EURO
NGN	BUY/SELL	BUY/SELL	BUY/SELL
01/07/2021	490/500	700/714	590/605
30/06/2021	490/500	704/718	590/605
29/06/2021	490/500	704/718	585/605
28/06/2021	490/500	700/718	585/605
25/06/2021	485/495	700/718	588/605
24/06/2021	485/495	700/718	580/605
23/06/2021	485/495	700/718	580/605
22/06/2021	485/495	700/718	580/605
21/06/2021	480/490	680/710	550/603
19/06/2021	475/490	680/715	580/603
18/06/2021	475/485	680/715	580/603
17/06/2021	478/490	690/710	590/603
16/06/2021	495/500	707/718	600/609
15/06/2021	495/500	707/718	600/609
14/06/2021	490/498	705/718	600/608

Central Bank of Nigeria’s Official Naira Rates

Date	Currency	Buying(NGN)	Central(NGN)	Selling(NGN)
7/1/2021	US DOLLAR	409.16	409.66	410.16
7/1/2021	POUNDS STERLING	564.8863	565.5766	566.2669
7/1/2021	EURO	485.9593	486.5532	487.147
7/1/2021	SWISS FRANC	442.1439	442.6842	443.2246
7/1/2021	YEN	3.6709	3.6754	3.6799
7/1/2021	CFA	0.7224	0.7324	0.7424
7/1/2021	WAUA	583.0737	583.7863	584.4988
7/1/2021	YUAN/RENMINBI	63.2729	63.3507	63.4284
7/1/2021	RIYAL	109.0919	109.2252	109.3585
7/1/2021	SOUTH AFRICAN RAND	28.6478	28.6829	28.7179

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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

5 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

2 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.