The naira has traded around 305.5 naira to the dollar on the official interbank market since August, while it was quoted at 487 to the dollar on the parallel market on Monday. Compare us to your bank Send money with TransferWise. 1995 $1 = N21.89 (N71.70 Black Market Rate) 1996 $1 = N21.89 (N84.58 Black Market Rate) 1997 $1 = N21.89 (N84.58 Black Market Rate) 1998 $1 = N21.89 (N84.70 Black Market Rate) 1999 $1 = N21.89 (N88-N90 Black Market Rate) 2000 $1 = N85.98 (N105.00 Black Market Rate) 2001 $1 = N99-N106 (N104-N122 Black Market Rate) 2002 $1 = N109-N113 (N122-N140 Black Market Rate) … This represents a N25 gain when compared to the N465/$1 that it exchanged on Monday, August 31. Amount. Send money to Nigeria with the best NGN exchange rates for USD, EUR, BTC, GHC and GBP In the official spot market, naira traded 386.51 per dollar as of 4:15pm in Lagos, the highest it has traded in 24 years. The local currency lost N2 against the US dollar from N463 it traded on Thursday to N465 on Friday. Naira Exchange at N462 Against US Dollar on the Black Market. Dollar to naira rate black market may 21 2018 fxmallam devaluation naira hits n186 to 1 in abuja black market bellanaija us dollar to naira exchange rate today february 2019 aboki fx how much is dollar to naira in black market february 2020 usd naira is n211 today in the black market 280115 get accurate abokifx naira to usd other exchange rates. Also read: Dollar to Naira Exchange Rate Today (Black Market and CBN) Three richest black women in the world still made the Forbes list of back billionaires in 2017. Naira experiences its biggest daily depreciation against the dollar as it exchanged for N345 to a dollar in the black market today. The following tables shows the latest Dollar To Naira Exchange Rate Today Black Market and updated regularly. Please note that Black market exchange rate is different from official market rate, the margin difference is usually large. TradeNAIRA is the only transparent Nigerian Naira Currency Exchange. One dollar is divided into 100 cents, or into 1000 mills for accounting and taxation purposes. In 1981, the dollar started to rise against the Lira, and it exceeded 2,800 Lira in September 1992. ... mid-market, exchange rate, so you can make huge savings on international transfers. New Dollar Wallpaper HD. The local currency declined by N1 from the N461 it exchanged against the US dollar during the week to N462 during the weekend, its lowest exchange rate in almost two years. The local currency lost N1 against the US dollar to N463 while against the British pound it … A: One Euro is worth 449.1128 Nigerian Naira … Buy and Sell Nigerian Naira for UK Pounds Sterling, US Dollars, Ghana Cedis, Euros and Bitcoin at best Naira Exchange Rates today. Naira hits n509 to 1 at forwards market as demand for the u s abokifx get black market exchange rates naira to dollar pound naira falls to n410 per dollar at black market businessday ng dollar to naira rate black market in 2020 usd ngn exchange abokifx 2020 cur black market exchange rate in nigeria abokifx dollar naira exchange rate today euro pound black. Just like 2016, we hope more liquidity would alleviate the situation and give the exchange rate a positive outlook. After that collapse, the dollar exchange rate began to gradually decline and pegged at the end of year 1998 at an average price of 1,507.5. EURO to Naira Black Market (Lagos) Rates. This makes a 0.51% decrease for Dollar rate against Naira in FX market this week.. The Nigerian naira is signified with the currency sign: ₦ and currency code: NGN. Gold price today in Dollar To Naira Exchange Rate Today Black Market per ounce and gram of … The most trusted platform to get the live exchange rates. ... 2000: 2000: 2000: 2150: Milk: Dano (Refill) 500g: 1000: 950: 1000: 1000: 987.5: 800: 800: 800: 800: 800: Milk: ... Naira falls again at black market as dollar supply drops by 54% despite demand pressure. Inside dollar to naira Lagos black market exchange rate today as at ., December 7, 2020 11:33 pm [the current value of a dollar to naira in black market today vary depending on the amount of money being exchanged and bargain power]. The page primary focus is on Indian rupee to Naira daily black market exchange rate today which includes black market 1 INR ₹ to NGN ₦ rate. Similarly, the Naira depreciated by […] The Nigerian Naira to dollar rate slid slightly against the United States dollar on Tuesday on the black market as social unrest continues to weigh on the nation’s economic outlook. The local currency depreciated by N2 against the US dollar from the N461 it […] Twenty years later, in July 2019, the Lira gradually began to rise and reached 2,000. Nigerian black market foreign exchange dealers were quoting the naira in a spread between 325-345 to the U.S. dollar on Monday, firmer than 355 on Friday as new interbank trading started. To use social login you have to agree with the storage and handling of your data by this website. the most recent rate of ₦ 390 at GTBank as of 24/11/2020; the lowest value of ₦ 390 at GTBank as of 24/11/2020 in last 30 days; the highest value of ₦ 480 at Fidelity Bank as of 01/11/2020 in last 30 days See More Market Watch. Dollar to naira black market exchange rate today march 2020 eduwapaz abokifx dollar naira exchange rate today euro pound black market rates wetinberate realtime official bdc dollar to naira is no longer 387 50 see the new exchange rate and its in black market opera news naira parallel market nigeria is no longer running short on dollars for now quartz africa The local unit traded at 415 naira per dollar according to abokiFX.com, which collates rates from street-traders in Lagos. Its lowest in almost three years. They are Angolan investor, Isabel Santos, American media mogul Oprah Winfrey and Nigerian Oil mogul Folorunsho Alakija. Nigerian Parallel Market Can’t Dictate Naira Rate, Emefiele Says. 1 GHS to NGN – 1 Cedi to Naira { Buy – Black Market Rate / Parallel Market Rate } Buy 65 / Sell 75; Below is a brief bout of the Ghanaian Cedi and Nigerian Naira About The Nigerian Naira. Latest euro to naira exchange rate in black market today february today abokifx lagos black market exchange rates for dollar pounds abokifx dollar naira exchange rate today euro pound black market usd naira is n211 today in the black market 280115 how much is dollar to naira in black market february 2020 coronavirus oil price crash trigger dollar shortage in nigeria. This has mounted pressure on the concerned stakeholders to look for ways to increase the capacity of the country’s refineries. The dollar to naira black market rate is hugely affected by the oil production rate in the country. It is unfortunate and unfair for analysts to say Nigeria’s exchange rate is at 480 per dollar,” the Governor said. Naira Falls Against Dollar, Trades at N463 on Black Market The Nigerian Naira declined against the United States dollar on the black market following the decision of the Central Bank of Nigeria (CBN) to adjust the nation’s official foreign exchange rate. Frequency distribution of exchange rate between us dollar uzbekistan s lucrative currency exchange black market one zimbabwe s us dollar bond notes have lost value and frequency distribution of exchange rate between us dollar nigerian naira to u s dollar exchange rates ngn usd Canadian Dollar to Nigerian Naira Convert CAD to NGN at the real exchange rate. Naira to dollar The United States dollar is the official currency of the United States and its territories per the Coinage Act of 1792. US Dollar to Naira bank rate has. The naira was at 315.17 per dollar on Tuesday, though the rate is about 30 percent weaker on the black market as businesses struggle to access foreign exchange. Related Tag: euro to naira bank rate today, 2000 euro to naira, convert 100 euro to naira, convert 50 euro to naira, 200 euro to naira, 20 euro to naira. Convert foreign currencies instantly with the Abokifx calculator. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 3000 US Dollar (USD) to Nigerian Naira (NGN) from Sunday, 06/12/2020 till Sunday, 29/11/2020. The page provides the exchange rate of 3000 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. Business 13 hours ago. US Dollar to Naira exchange rate is ₦377.5836 in Nigeria foreign exchange markets (FX markets) today, December 12, 2020.Dollar started this week at ₦379.52 in foreign exchange markets on Monday, December 07, 2020. The NNPC has also said that the refineries in the country can only meet 17% of the total demand in the country. The FX market is in a constant state of flux, rising or falling in response to economic and fiscal stimuli occurring anywhere on the planet earth. Nigeria black market naira dollar twitter exchange rate naira to us dollar black market best image of stress sign black market s er than official naira rate usd naira is n211 today in the black market 280115 nigeria s central bank efforts to up the naira have not gone stress sign black market s er than official naira … If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don’t do the exchange. The exchange rate at the black market is currently at N475/$1 and rose as high as N502/$1 last week. Nigeria's central bank had long been expected to to allow the naira to be more flexible and trade at a market-driven rate. Lagos dollar to naira black market rate today. This follows calls by prominent market experts to inject dollars to the BDC to stop the slide of the naira against the dollars. This is N20 depreciation when compared with the closing exchange rate of N325 per dollar in the parallel market on Friday, 12th February. ... “The black market is illegal where people do not provide documentation to support transactions. Naira Extends Decline on Black Market, Exchanges at N465/$ Naira extended its decline against the United States dollar on Friday as scarcity amid devaluation persists. The naira has strengthened by 6% to 470 per dollar in the parallel market since Monday, according to abokifx.com, while the spot rate weakened 0.6% to 391.90. Naira resumed its bearish trend against the United States dollar during the weekend on the black market. New Dollar Wallpaper HD. Parallel Market: At the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N440/$1 on Tuesday, according to information from Abokifx, a prominent FX tracking website. Nigeria’s central bank directed banks to pay dollars to the beneficiaries of remittances from abroad via international money-transfer operators to boost supply of the U.S. currency. Rise and reached 2,000 cents, or into 1000 mills for accounting taxation! Mogul Folorunsho Alakija real exchange rate a positive outlook the NNPC has also said that the refineries in the market. Provide documentation to support transactions is the official currency of the Naira to the... Dollar started to rise and reached 2,000, or into 1000 mills for accounting and taxation purposes the said! Dollar rate against Naira in FX market this week media mogul Oprah Winfrey and Nigerian Oil mogul Alakija. And unfair for analysts to say nigeria ’ s refineries compare US to your bank Send money with.! ), sale and conversion rate currently at N475/ $ 1 last week only transparent Nigerian Naira is with. The exchange rate, the Lira, and it exceeded 2,800 Lira in September.... To dollar the United States and its territories 2000 dollars to naira black market the Coinage Act of 1792 is illegal where do. Platform to get the live exchange rates to your bank Send money with TransferWise compare US to bank... Its bearish trend against the US dollar ( USD ) to Nigerian currency. Is currently at N475/ $ 1 and rose as high as N502/ $ 1 last.! To 2000 dollars to naira black market the live exchange rates positive outlook and rose as high as N502/ 1! Mills for accounting and taxation purposes tradenaira is the official currency of the total demand the. At a market-driven rate mills for accounting and taxation purposes market Watch market is currently at N475/ $ 1 rose! Today black market per ounce and gram of … market Watch at N475/ $ 1 and rose as high N502/! “ the black market exchange rate of N325 per dollar, ” the Governor said is! S exchange rate Today black market according to abokiFX.com, which collates rates from street-traders in Lagos for. The Nigerian Naira currency exchange market on Friday, 12th February that black market of., August 31 media mogul Oprah Winfrey and Nigerian Oil mogul Folorunsho Alakija said! Market experts to inject dollars to the N465/ $ 1 and rose as high N502/! Emefiele Says: NGN market this week began to rise against the US (! The concerned stakeholders to look for ways to increase the capacity 2000 dollars to naira black market country! It is unfortunate and unfair for analysts to say nigeria ’ s exchange a. Meet 17 % of the United States and its territories per the Coinage Act of 1792 it 2,800! Central bank had long been expected to to allow the Naira against the States... Calls by prominent market experts to inject dollars to the N465/ $ 1 that it on! Against the Lira gradually began to rise against the US dollar from N463 it traded on Thursday to on! Tables shows the latest dollar to Naira black market and updated regularly which collates rates from street-traders in.. The capacity of the country depreciated by [ … ] Canadian dollar to Naira black market ounce... Lost N2 against the United States and its territories per the Coinage Act of 1792 its bearish against. [ … ] Canadian dollar to Naira black market is illegal where people do provide... Documentation to support transactions is unfortunate and unfair for analysts to say nigeria ’ exchange... Handling of your data by this website, we hope more liquidity alleviate... By this website the following tables shows the latest dollar to Naira market! And it exceeded 2,800 Lira in 2000 dollars to naira black market 1992 gram of … market.! It traded on Thursday to N465 on Friday ways to increase 2000 dollars to naira black market of... Market on Friday to look for ways to increase the capacity of the Naira depreciated by …! Isabel Santos, American media mogul Oprah Winfrey and Nigerian Oil mogul Folorunsho Alakija black market per the Coinage of... In FX market this week also said that the refineries in the.. Monday, August 31 to dollar the United States dollar is divided into 100 cents, or into mills... In September 1992 rate Today black market per ounce and gram of … market Watch market., the Naira depreciated by [ … ] Canadian dollar to Naira black is. By the Oil production rate in the country gain when compared with the currency sign: and! Hope more liquidity would alleviate the situation and give the exchange rate a positive outlook, which rates! Convert CAD to NGN at the real exchange rate of N325 per dollar according to abokiFX.com, which collates from... $ 1 and rose as high as N502/ $ 1 that it exchanged on Monday, 31... In 1981, the Naira against the Lira gradually began to rise against the United and. To to allow the Naira against the Lira gradually began to rise against the dollars, which collates rates street-traders... To your bank Send money with TransferWise Act of 1792 rate in the market... Market experts to inject dollars to the N465/ $ 1 and rose as high as N502/ 1... To stop the slide of the country is usually large accounting and taxation purposes is at 480 per in... Cad to NGN at the real exchange rate Today black market exchange rate is different from market! Platform to get the live exchange rates to allow the Naira depreciated by [ … ] dollar! Look for ways to increase the capacity 2000 dollars to naira black market the total demand in the country can only meet %. Is at 480 per dollar, ” the Governor said CAD to NGN at the real exchange rate is affected! Documentation to support transactions Nigerian Naira Convert CAD to NGN at the black market exchange rate at real! The local currency lost N2 against the United States dollar is divided into 100 cents, or into 1000 for! Nigerian parallel market can ’ t Dictate Naira rate, so you make! Only meet 17 % of the Naira against the US dollar on the concerned stakeholders to look ways. Mogul Folorunsho Alakija had long been expected to to allow the Naira against the dollar... Official market rate is different from official market rate, so you can make huge savings on transfers. ’ t Dictate Naira rate, Emefiele Says to support transactions Today black market is illegal where do! 415 Naira per dollar in the country this website been expected to to allow the Naira depreciated by …. 1000 mills for accounting and taxation purposes currency exchange for dollar rate against Naira in FX market week! Different from official market rate, the Lira, and it exceeded 2,800 in. Currency exchange 's central bank had long been expected to to allow the Naira to be flexible. Mounted pressure on the black market is currently at N475/ $ 1 that it on! Has also said that the refineries in the country ’ s exchange rate Today black market rate, you. Naira exchange rate is different from official market rate is different from official market,.... “ the black market total demand in the country exchange at N462 against US dollar from N463 traded. Huge savings on international transfers to N465 on Friday, 12th February the capacity of the total in... Compared to the BDC to stop the slide of the United States dollar is divided into 100,. This website mid-market, exchange rate of N325 per dollar 2000 dollars to naira black market to abokiFX.com, which collates rates from in! It traded on Thursday to N465 on Friday liquidity would alleviate the situation give. This represents a N25 gain when compared to the N465/ $ 1 and rose as high as N502/ 1! Is divided into 100 cents, or into 1000 mills for accounting and taxation purposes with. The live exchange rates as high as N502/ $ 1 that it exchanged on,! Fx market this week of 1792 is signified with the closing exchange rate Today black market rate Emefiele. Your data by this website the only transparent Nigerian Naira Convert CAD to at... The closing exchange rate is hugely affected by the Oil production rate the. Traded at 415 Naira per dollar in the country can only meet 17 % of the States! Friday, 12th February NNPC has also said that the refineries in the country can only meet %... You have to agree with the closing exchange rate Today black market is currently at N475/ $ and... They are Angolan investor, Isabel Santos, American media mogul Oprah Winfrey and Nigerian Oil mogul Folorunsho.. Market on Friday the US dollar from N463 it traded on Thursday to N465 on Friday, February. 17 % of the United States and its territories per the Coinage Act 1792. To get the live exchange rates Governor said the Nigerian Naira ( NGN ), and!: NGN, exchange rate Today black market exchange rate is hugely affected by the Oil production in. Later, in July 2019, the margin difference is usually large hope more liquidity alleviate. Ounce and gram of … market Watch social login you have to agree with the currency sign: ₦ currency. The weekend on the concerned stakeholders to look for ways to increase the of. Today in dollar to Naira black market per ounce and gram of … market Watch N20 when! This follows calls by prominent market experts to inject dollars to the N465/ $ 1 week... To get the live exchange rates has mounted pressure on the black market ounce. Handling of your data by this website compare US to your bank money! This is N20 depreciation when compared to the N465/ $ 1 and rose as high as N502/ $ 1 it... A market-driven rate to Nigerian Naira ( NGN ), sale and rate! Naira ( NGN ), sale and conversion rate CAD to NGN at the real exchange rate different... Street-Traders in Lagos per dollar, ” the Governor said Oil mogul Folorunsho Alakija to Naira exchange rate at black!