Naira

Nigerian Naira Exchange Rates Today, Wednesday, July 14, 2021

Published

3 years ago

July 14, 2021

Economic uncertainty continues to weigh on Nigerian Naira as dollar scarcity remained across key foreign exchange markets on Wednesday.

The Naira remained under pressure at the parallel market, known as the black market, on Monday as it was exchanged at a record-low of N505 to a United States Dollar. While against the British Pound and the Euro, the local currency at N708 and N596, respectively.

At the bureau de change section, the Naira traded at N500 to a United States Dollar. At the same forex window, it exchanged at N710 and N595 to a British Pound and Euro.

The Central Bank of Nigeria’s inability to service the economy with enough dollar drag on liquidity level and activities at large as manufacturers and import-dependent businesses continue to struggle. Wide foreign exchange rates have escalated prices in Africa’s largest economy and push inflow to a record-high despite efforts to rein in prices and stimulate growth.

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
14/07/2021	500/505	702/708	590/596	62/68	407/415	300/320
13/07/2021	500/505	702/708	590/595	62/68	407/415	300/320
12/07/2021	500/505	700/708	590/595	62/69	407/415	300/320
09/07/2021	500/505	700/708	588/593	62/69	407/417	300/320
08/07/2021	499/503	700/708	588/593	62/69	407/417	300/325
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
14/07/2021	490/500	698/710	590/595
13/07/2021	490/500	697/710	585/600
12/07/2021	490/500	698/710	585/600
09/07/2021	490/500	698/710	585/600
08/07/2021	490/500	697/710	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)
7/14/2021	US DOLLAR	409.13	409.63	410.13
7/14/2021	EURO	482.978	483.5682	484.1585
7/14/2021	SWISS FRANC	445.5298	446.0743	446.6188
7/14/2021	YEN	3.7049	3.7094	3.7139
7/14/2021	WAUA	582.2179	582.9295	583.641
7/14/2021	YUAN/RENMINBI	63.3055	63.3833	63.4611
7/14/2021	RIYAL	109.081	109.2143	109.3476
7/14/2021	RIYAL	109.081	109.2143	109.3476
7/14/2021	DANISH KRONA	64.9227	65.0021	65.0814
7/14/2021	SDR	582.9693	583.6818	584.3942

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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

Dollar to Naira Black Market Today, April 30th, 2024

As of April 30th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,340 NGN in the black market, also referred to as the parallel market or Aboki fx.

Published

2 days ago

April 30, 2024

Samed Olukoya

As of April 30th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,340 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 N1,310 and sell it at N1,300 on Monday, April 29th, 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: N1,340
Selling Rate: N1,330

Naira

Dollar to Naira Black Market Today, April 25th, 2024

As of April 25th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,300 NGN in the black market, also referred to as the parallel market or Aboki fx.

Published

7 days ago

April 25, 2024

Samed Olukoya

Naira to Dollar Exchange- Investors King Rate - Investors King

As of April 25th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,300 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 N1,260 and sell it at N1,250 on Wednesday, April 24th, 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: N1,300
Selling Rate: N1,290

Naira

Dollar to Naira Black Market Today, April 24th, 2024

As of April 24th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,260 NGN in the black market, also referred to as the parallel market or Aboki fx.

Published

1 week ago

April 24, 2024

Samed Olukoya

As of April 24th, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,260 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 N1,250 and sell it at N1,240 on Tuesday, April 23rd, 2024 based on information from Bureau De Change (BDC).

Meaning, the Naira exchange rate declined 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.