Naira

Dollar to Naira Today December 17, 2021

Published

2 years ago

December 17, 2021

Naira to Dollar Exchange- Investors King Rate - Investors King

Dollar to Naira exchange rate today December 17, 2021 across key foreign exchange markets are stated below. As we approach the festive period, eyes will be carefully monitoring the value of the Nigerian currency against some of the strongest currencies in the world. The performance of the Naira against these currencies will determine the rise or fall in prices of food and other items, as well as the general economic strength of the country.

Dollar to Naira Today at Black Market

On Friday, 17^th December the Naira experienced a fall at the parallel market as it is sold at N567 per dollar, a decline of N4 from the N563 per dollar recorded on Thursday. The Naira has struggled to return to its recent peak of N535 per dollar at the parallel market.

Dollar to Naira Today Official Market

After closing at N414 per dollar for the last two days, the Nigerian currency went back to close at N415.05 per dollar on Thursday. This is according to the Investors & Exporters window where the Naira is traded officially.

On Friday, the Naira opened at N413.83 per dollar, marginally higher than the N414.13 per dollar opening price recorded on Thursday.

The FMDQ group, through their website, updated the Spot and Forward rates for Thursday’s trading rounds. The Spot rate maintained the rates of the previous trading day, maintaining its high of N405 per dollar and its low of N444 per dollar.

A change was however recorded in the Forward rate, as it traded at a high of N414 per dollar (same as the previous day) and a low of N453.10 per dollar, higher than the low of N469 per dollar of the previous day.

The daily turnover recorded on Thursday was $331 million, a difference of over $150 million from Thursday.

Bitcoin to Naira Exchange Rate

Bitcoin now trades at N19,330,484.40 per coin, and Ethereum is currently trading at N1,587,283.88 per coin.

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Naira

Black Market Dollar Rate Reaches ₦1,350 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

38 mins 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.

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: ₦1,380
Selling Rate: ₦1,370

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 Today, May 2nd, 2024

As of May 2nd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,350 NGN in the black market, also referred to as the parallel market or Aboki fx.

Published

11 hours ago

May 2, 2024

Samed Olukoya

As of May 2nd, 2024, the exchange rate for the US dollar to the Nigerian Naira stands at 1 USD to 1,350 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: N1,350
Selling Rate: N1,340

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

3 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.

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.