Naira

Naira Exchange Rates Today, Friday, July 9, 2021

Published

3 years ago

July 9, 2021

Naira traded near record lows at the parallel market popularly known as the black market on Friday, July 9, 2021 as dollar scarcity amid high demand for the greenback by import-dependent businesses impedes the Central Bank of Nigeria’s efforts to prop up the local currency value.

The Naira opened at N505 against the United States Dollar on Friday at the black market, while against the British Pound and Euro common currency it sold at N708 and N593, respectively.

Operators at the Bureau De Change segment exchanged Naira at N500; N710 and N600 to a United States Dollar, British Pound and Euro, respectively.

However, the local currency trades lower at the Central Bank of Nigeria’s regulated section that is mostly inaccessible for most Nigerians. The Naira exchanged at N410.11; N486.1034 and N567.483 to a US Dollar, Euro and British Pound, respectively. See the tables below for more details.

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
09/07/2021	500/505	700/708	590/595	62/69	407/415	300/320
08/07/2021	499/503	700/708	588/593	62/69	407/417	300/320
07/07/2021	499/503	700/710	588/593	62/69	407/417	300/325
06/07/2021	499/503	698/710	590/595	62/69	407/417	300/325
05/07/2021	498/503	700/710	590/595	62/69	400/410	300/325
02/07/2021	498/503	700/710	588/595	62/69	400/410	300/325
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
09/07/2021	490/500	698/710	585/600
08/07/2021	490/500	698/710	585/600
07/07/2021	490/500	697/710	585/600
06/07/2021	490/500	697/710	585/600
05/07/2021	490/500	700/714	585/600
02/07/2021	490/500	700/714	585/600
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)
7/9/2021	US DOLLAR	409.11	409.61	410.11
7/9/2021	POUNDS STERLING	565.5537	566.2449	566.9361
7/9/2021	EURO	485.2454	485.8384	486.4315
7/9/2021	SWISS FRANC	447.0659	447.6123	448.1587
7/9/2021	YEN	3.7195	3.7241	3.7286
7/9/2021	CFA	0.7192	0.7292	0.7392
7/9/2021	WAUA	581.7317	582.4426	583.1536
7/9/2021	YUAN/RENMINBI	63.1382	63.2158	63.2935
7/9/2021	RIYAL	109.0698	109.2031	109.3364
7/9/2021	SOUTH AFRICAN RAND	28.7543	28.7894	28.8246

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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

23 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

2 days 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

4 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.