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250 Dollars to Naira Black market

USD is being traded at ₦497 in Black Market (Lagos) today, Friday, June 11, 2021. USD has been traded at ₦478 when Black Market opened this week on Monday, June 7, 2021. This makes it 0.19% rise for United States Dollar against Naira this week. When we look at this month, USD was traded at ₦492 at the beginning of this June on Tuesday, June 1, 2021 USD is being traded at ₦500 in Black Market(Lagos) today, Tuesday, June 15, 2021. USD has been traded at ₦499 when Black Market opened this week on Monday, June 14, 2021. This makes it 0.01% rise for USD against Naira this week. When we look at this month, USD was traded at ₦492 at the beginning of this June on Tuesday, June 1, 2021 Today on Black Market (Lagos) Top rising exchange rate is Dollar to Naira having a ₦ 3 rise reaching ₦ 505.00 as of 15/06/2021. This corresponds to 0.60% rise compared to previous day. This week on Black Market. Top rising exchange rate is Dollar to Naira having a ₦ 3 rise from ₦ 502.00 on 14/06/2021 to ₦ 505.00 as of 15/06/2021. This corresponds to 0.60% rise this week At the black market, the dollar rate is ₦435.00 against the Naira today, the 4th of September, 2020. From the beginning of the week, the US dollar has seen a 5.38% decrease against the Naira exchange rate so far. looking at the monthly average rate, we would notice that there have been a 6.98% decrease in the price of the dollar

Dollar (USD) to Naira Black Market Rate Today 2021

This equals to a 0.43% rise for Pound to Naira exchange rate for this week so far. To have a monthly quick review, GBP to Naira exchange rate was noted as ₦675 as the Black Market opened on Monday, May 03, 2021 at the start of last month. As of today with Pound Sterling being traded at ₦703, we see a 4.15% rise for Pound Sterling to Naira exchange. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services O

Dollar (USD) to naira black market exchange rate today

  1. What does Today Dollar to Naira black market rate go for? The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. The Black market is oftentimes seen as an underground economy run by dealers that are not authorized by the government but who run a trusted connection with those who are authorized, usually the Bureau de Changers. In the table below,the naira.
  2. Canadian Dollar To Naira Black Market Exchange Rate 2020 Cur News. Nigeria S Naira Gains Against The Dollar As Cbn Closes In On Currency Speculators Nairametrics. Naira To Dollar Exchange Rate From 1972 2017 Will Leave You Schless Photos Naijaloaded. Nigeria S Central Bank Wants To Jail Citizens Who Hold On Forex Save The Naira Quartz Africa . Dollar To Naira Black Market Exchange Rate Today.
  3. On April 13, 2017 the CBN increased dollar sale per session to $20,000 for each BDC, making it $40,000 per BDC per week. - Economic and currency experts have expressed divergent views over the outlook of the naira this year. - While some said the naira would experience further decline at the parallel market this year,
  4. The (USD) dollar to Nigerian Naira exchange rate today varies between the CBN exchange rate and the parallel market (black market) exchange rate. Going by the CBN exchange rate is pegged at, 1 USD = N315.75 The official exchange rate for the country's currency, the naira, is around N305 to the dollar. But banks lend to each other at a second.
  5. Naira falls on black market, gains on I&E window The currency closed at N480 to a dollar
  6. NAFEX: The Naira still remained stable against the dollar at the Investors and Exporters (I&E) window on Monday, closing at N395/$1. This was the same rate that it exchanged for on Thursday, December 4. The opening indicative rate was N392.13 to a dollar on Monday. This represents a 25 kobo gain when compared to the N392.38 that was recorded on Friday
  7. Exchange rate gains at black market, as Naira is expected to stabilize this week. Forex turnover dropped by 32.9%, as the Naira's exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1 during intra-day trading on Friday, December 18. Also, the Naira appreciated marginally against the Dollar - closing at N477/$1 at.
The naira appreciated marginally against the dollar at the

Black Market Exchange Rates for Naira (Lagos) NgnRates

  1. The currency was pegged at 197 to one U.S dollar in 2016. Today, Naira has fallen to the range of 350-400 naira per dollar. Below is the exchange rate history of Dollar to Naira. Exchange Rate Dollar To Naira Black Market History. August 31/2017 - 362 / 365; September 29/2017 - 362 / 365; October 31/2017 - 360 / 363; November 30/2017.
  2. Monday, 24th May 2021: The exchange rate between the naira and the US dollar closed at N411.25/$1 at the Importers and Exporters window, where forex is traded officially. Naira appreciated against the US dollar on Monday at the official NAFEX window to close at N411.25 to a dollar. This represents a 0.18% gain when compared to N412/$1 recorded on Friday, 21st May 2021
  3. West African CFA Franc rate is ₦0.92 against Naira in Black Market (Lagos) today, June 18, 2021. West African Franc started this week at ₦0.92 in Black Market on Monday, June 14, 2021. This makes no change for West African CFA Franc rate against Naira this week. To have a monthly quick review, we see that CFA Franc BCEAO to Naira exchange rate was.
  4. Anyways, the CBN exchange rate dollar to naira is almost the same with black market, which is already aforementioned. However, the GTbank dollar to Naira exchange rate is also similar. 1000 dollars to Naira. This isn't like pounds to Naira, but 1000 dollars to Naira is almost N461,0000. It is a huge sum of money, when dollar is converted to.
  5. ent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N465/$1 on Wednesday. This represents a N2 drop when compared to the N463/$1 that it exchanged for on Tuesday, October 27
LondonWeed

Dollar to Naira Black Market Exchange Rate Toda

  1. Naira steadies at black market as dollar supply halts. Hope Moses-Ashike May 13, 2021. The Naira on Thursday steadied at N483 per dollar at the parallel market as dollar supply halted due to the two-day holiday declared by the Federal Government
  2. The naira was around 485-487 against the dollar on the black market on Wednesday after reaching 483 earlier in the day, traders said. It has been stuck at 381 per dollar on the official market.
  3. Dollar To Naira Exchange Rate Today Black Market {March 2021} By S. Olawale March 15, 2021 Business 0 Comments. How much is Dollar to Naira exchange rate today black market - The Naira to Dollar exchange rate though pegged at an official rate of N380.5 per $1 had been at what could be described as freefall in the black market
  4. New Dollar Wallpaper HD. Emerging market currencies strengthen as hope of trade deal emerges fx live australian dollar aud to bhutan ngultrum btn exchange rates fx rate australian dollar tumbles as rba hints at possible future interest rate cuts dollar to naira exchange rate parallel market wetinberate realtime rates black official bdc stress sign black market s er than official naira rate.

Naira Plunges Against Global Counterparts on Tuesday on the Black Market. The Nigerian Naira declined on Tuesday on the black market despite efforts by the Central Bank of Nigeria to prop up the value of the local currency against global counterparts. The Naira declined by N4 from N457 per US dollar it traded on Friday to N461 on Tuesday morning Monthly Average Exchange Rates of the Naira. DAS/WDAS = Dutch Auction System/Wholesale Dutch Auction System, IFEM is Inter-bank Foreign Exchange Market, BDC is Bureau de Change. * DAS/WDAS exchange rate from August 2005, include 1 per cent commission. *Exchange rate for February 2015 was as at February 18th when the retail DAS segment of the.

Naira Currency Converter - Get daily market exchange rates of US Dollar, Euro, and Pounds to Nigeria Naira including charts showing the latest exchange rate history. Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. Top Exchanges; Dollar to Naira Pounds to Naira Euro to Naira Rand to Naira Cedis to Naira Bitcoin to Naira Ethereum to Naira Porpular Pages; CBN Official. Nigerian naira exchange rate usd to ngn news forecasts nigerian naira exchange rate usd to ngn news forecasts nigeria s central bank wants to jail citizens who hold on forex abokifx dollar naira exchange rate today euro pound black market abokifx 2020 cur black market exchange rate in nigeria one us dollar to naira richest man in new zealand

Black Market Exchange Rates for Dollar, Pounds and Euro

The Nigerian Black Market exchange rates of Dollars, Pounds, Euros when converted to Naira is very relevant today and continues to be relevant with each passing year. How Much is Dollar to Naira Exchange Rates in Black Market for March, 2020: -. Buying Rate: 395 / 420 Selling Rate. Dollar to Naira Black Market Rate for May, 2019. -. Buy. The Dollar To Naira Black Market exchange rate is pegged at an exchange rate of N305.5 per $1 had been at what could be described as freefall in the black market. Although there has been fluctuations in dollar to naira in the black market, so in this post I will update you with the latest dallar to naira buy and sell rate, pounds to naira buy and sell rate, euros to naira buy and sell rate. (read more) JUNE 14, 2021 African Development Bank launches $464 Kangaroo social bond - REUTERS JUNE 14, 2021 Dollar Becalmed as Markets Wait for US Leadership - MARCTOMARKET JUNE 14, 2021 Nigeria's Twitter ban leaves businesses in the lurch - CNN JUNE 14, 2021 Depreciation: Between the naira and cedi - BLUEPRINT JUNE 14, 2021 Meet Afolabi, founder of Green Africa, Nigeria's most affordable.

Canadian Dollar to Naira Black Market Exchange Rate

Black Market (buy) CAD is being traded at ₦387 in Black Market (Lagos) today, Thursday, June 3, 2021. CAD has been traded at ₦386 when Black Market opened this week on Monday, May 31, 2021. This makes it 0.01% rise for Canadian Dollar against Naira this week. When we look at this month, CAD was traded at ₦ at the beginning of this June on. Rand To Naira Exchange Rate & Black Market - June 2021 by Techorg updated May 30, 2021, 7:53 pm MoneyGram Rate In Nigeria To Dollar, Euro & Pounds - June 202 Dollar to Naira black market rate today Friday, 20th July 2018 is N357/N360.. The Exchange rate of dollar to naira has seen the NGN Naira have mixed fortunes against the USD Dollars during the course of last year. At a point last year 1 USD to 1 NGN black market rate was as high as N500/N525.However, the naira exchange rate to major world currencies in the parallel market took an upward turn.

Inflation and the Black Market Exchange Rate in a Repressed Market: A Model of Venezuela by Valerie Cerra IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. Find Below Naira to Dollar Exchange Rate History. 1972 $1 = N0.658 1973 $1 = N0.658 1974 $1 = N0.63 1975 $1 = N0.616 1976 $1 = N0.62 1977 $1 = N0.647 1978 $1 = N0.606 1979 $1 = N0.596 1980 $1 = N0.550 (0.900 Black Market Rate) 1981 $1 = N0.61 1982 $1 = N0.673 1983 $1 = N0.724 1984 $1 = N0.765 1985 $1 = N0.894 (N1.70 Black Market Rate) 1986 $1 = N2.02 (N3.90 Black Market Rate) 1987 $1 = N4.02. $ 250 $ 500 NGN 412.47 Conversion from Nigerian naira to United States dollar can be done at current rates as well as at historical rates - to do this, select the desired exchange rate date.

Naira To Dollar Now 450 Naira to Dollar At Black Market Today. Kudos To Acting Pres. Osinbanjo! If you can bring this dollar down to 200 Naira, In the name of God, I will personally campaign for you in 2019. Osinbajo, continue to pressure CBN to infuse/inject more millions of dollars into the forex market, this will further bring dollar to its natural Naira rate of 200 Naira. Some of you may. Inside dollar to naira Lagos black market exchange rate today as at [the current value of a dollar to naira in black market today vary depending on the amount of money being exchanged and bargain power]. If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don't do the exchange.Look for another Bureau de exchange The value of the naira in the parallel market (black market) continues to trade far away from its official rate since the Central Bank of Nigeria devalued the currency on the 25th November, 2014. On Wednesday, the naira traded for N211 to a dollar, a point above the N210/$1 it traded on Tuesday. The jack in the exchange rate differential is being compounded by the new CBN directive to stop.

This is the US Dollar (USD) to Nigerian Naira (NGN) exchange rate history data page for the year of 2018, covering 365 days of USD NGN historical data. Best exchange rate: 365.7219 NGN on 01 Dec 2018 See:Dollar to Naira Black Market Rate What is the exchange rate of pounds to naira? Are you interested in knowing Read more Pound (GBP) to Naira Black Market Rate. Opinion : Robots slowly taking over these jobs. by Talentbase. Opinion : Robots slowly taking over these jobs Business owners and employers of labour talk about technology and the like Read more Opinion : Robots slowly. The naira's black-market rate declined to 472 per dollar on Monday from 465 naira on June 15, according to abokiFX.com, which collates rates from street traders in Lagos 1.000 Satoshi to Indian Rupee 688.000 US Dollar to Indian Rupee 5.500 Dogecoin to Tunisian Dinar 0.500 Bitcoin Cash to Dogecoin 4539.000 Tether to Pound Sterling 106.000 WAX to Philippine Peso 100.000 Kobocoin to Nigerian Naira 250.000 TRON to Pakistani Rupee 383960000 MIRQ to US Dollar 100000.00 Alpha Coin to Indian Rupee 14.000 PiCoin to Indian Rupee 10.000 Alpha Coin to Indian Rupee 0.0530.

Exchange Rate Dollar To Naira In Black Market Today

Pound to Naira Black Market Exchange Rate NgnRates

Nigerian Naira falls to 502 per dollar at black market - The Nigerian Naira (NGN) on Friday fell to N502 per dollar at the parallel market, the depreciation has been recurring over the past couple of weeks after the adoption of N410.25k as official rate by the Central Bank of Nigeria (CBN). The new official rate shows an 8.24-percent devaluation from N379/$ previously The Naira depreciated at the black market, selling at about N213 to the dollar, from N210 at the Bureau De Change (BDCs) segment of the official market. A BDC operator said the depreciation in the. The page provides the exchange rate of 100 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 100 US Dollar (USD) to Nigerian Naira (NGN) from Tuesday, 15/06/2021 till Tuesday, 08/06/2021 Nigerian Naira(NGN) To United States Dollar(USD) Exchange Rate on 31 Dec 2013 (31/12/2013) This page shows the exchange rate of Nigerian Naira (NGN) To United States Dollar (USD) on 31 Dec 2013 (31/12/2013).If you would like to view the current exchange rate of the currency pair, please visit Nigerian Naira (NGN) To United States Dollar (USD) Exchange Rates Today The Markets Insider currency calculator offers a currency conversion from Bitcoin to Nigerian naira within seconds. Vacationers in Krypto can make conversions at the current exchange rate. The.

Nigerian Naira to Canadian dollar exchange rate. Check live NGN to CAD exchange rates chart, history Nigerian Naira to Canadian dollar exchange rates data in charts and detailed tables. Accurate exchange rates updates in live mode, so all information are fresh. Below you'll find both exchange rates NGN/CAD and inverse CAD/NGN. If you want to convert the values of each currency, it's very.

The naira started the year at around 360 naira to the dollar on parallel markets but could soon cross the psychologically important red line of 500 naira Der Naira ist die Währung Nigerias. Er wird in 100 Kobo unterteilt. Die Zentralbank von Nigeria ist der einzige Herausgeber des gesetzlichen Zahlungsmittels innerhalb der Föderation. Derzeit wird der Fremdwährungsbetrag durch wöchentliche Auktionen geregelt, wobei die Zentralbank den Wechselkurs festlegt By Adedapo Adesanya The situation of the Naira worsened at the black market on Tuesday, June 15 as it depreciated against the Dollar by N3 to sell for N505/$1 in contrast to N502/$1. At the same unregulated segment of the foreign exchange market yesterday, the local currency also depreciated against the British Poun Naira appreciated against the dollar on Thursday as dollar value dropped by N9 at the black market, ending the day with the local currency at N493 to $1. It had opened the day's exchange at N502 to one dollar, and fell to lowest of N485 against $1 during intraday parallel market activities in the afternoon

abokiFX Your daily Naira exchange rat

  1. Converting currencies is a very common thing we come across whenever we travel abroad. But, sometimes, when the amount is high, converting them legally gets very difficult as it may put the owner into some legal charges. Hence, for these types of currency conversions, the black market is used. In these black markets, the currency
  2. Nigeria's currency dropped to a four-year low against the US dollar in the parallel market, widening the official and official exchange rate to N90. According to date on abokifx, the Naira ended.
  3. Thursday was a good day for the Nigerian currency, Naira as it appreciated against the U.S dollars in both the official and unofficial market. The biggest gain was in the black market as naira.

Black Market Exchange Rate Today - Dollar to Naira

Convert 200 Dollars To Naira Black Market - New Dollar

CEFA to Naira Black Market Rate. Buying @ 1 CFA = 0.76 Naira Selling @ 1 CFA = 0.78 Naira Naira to CEFA Black Market Rate. Buying @ 1 Naira = 1.31 CFA Selling @ 1 Naira = 1.28 CFA CEFA to Naira CBN Rate. Buying @ 1 CFA = 0.66 Naira Selling @ 1 CFA = 0.68 Naira Naira to CEFA CBN Rat JUNE 15, 2021 PRECIOUS-Gold steadies on dollar retreat; focus on Fed meeting - REUTERS JUNE 15, 2021 Russia's ruble backs away from 11-month highs as eyes turn to Biden-Putin summit - CNBC JUNE 15, 2021 Another shipping crisis looms on Covid fears in southern China - CNBC JUNE 15, 2021 Inflation, devaluation push millennials away from N20 trillion stock market - THE GUARDIAN JUNE 15, 2021. Get live exchange rates and current price of Dash in Nigerian Naira including a chart showing the latest exchange rate history. Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. Top Exchanges; Dollar to Naira Pounds to Naira Euro to Naira Rand to Naira Cedis to Naira Bitcoin to Naira Ethereum to Naira Porpular Pages; CBN Official Rate Black Market Rate Western Union. 250 500 USD $ 0.00 $ 0.01 $ 0.02 In addition to the United States dollar - Nigerian naira rate, the Markets Insider currency calculator also offers other exchange rates for about 160.

How Much is Dollars to Naira in Black Market, 2018 Archive

  1. Naira declined to N445 to the United States dollar on the black market on Monday, the same day Bureaux De Change (BDCs) resumed operations following sales of foreign exchange worth $50 million to.
  2. Aboki FX Live Daily Naira to Dollar Exchange Rates. AbokiFX Daily dollar rate, Naira to Euro, Naira to Pounds, with live foreign exchange rate calculator on AbokiFX. Your daily Naira to dollar exchange rate. Home. About. سعرالدولاراليم. Contact. Nigerian News. AbokiFX Rate #1 Trusted Currency Authority. Over 176 Currencies Supported. AbokiFx Free Currency Converter. Live Market.
  3. ent Nigerians who were declared national heroes on the 1 st of October 1978. The engraving on the back of the notes reflects the cultural aspects of the country. In the years 1999, 2000, 2001 the N100, N200, and N500 were introduced, these were to expand.
  4. Nigeria's central bank had long been expected to to allow the naira to be more flexible and trade at a market-driven rate. The naira is fixed at 197 to the US dollar, but the black market rate has.
  5. imal. If you have a dollar to change with Aboki, make sure you confirm the dollar to naira bank rate today so that you will not be cheated. From the table above, you can see that the dollar to naira black market rate is 360. As at today, the exchange rate dollar to naira black market is almost the same with the.

Dollar to Naira exchange rate in Nigerian black Market and

Hi, As at today 1 Naira=2.9546 XAF ()If u are using the bank,it will be slightly different from that of Black market,however for someone who loves playing with these 2 currencies, rest assured that converting CFA to Naira is the best thing u can do right now and converting Naira to CFA is just the worst thing u can think of I expect the value of the naira to hover around 400 per dollar.The derivative and black markets suggest the naira is still under plenty of strain. The price of three-month non-deliverable forward.

Naira falls on black market, gains on I&E window Premium

ABOKIFX GIVES YOU EXCHANGE RATE TODAY. The Naira closed at N389.50 to the dollar at the investor's window, down by 1.50 points from N388 it traded on Thursday. Market turnover at the investor's window stood at 12.61 million dollars. However, it closed at N381 to the dollar at the official Central Bank of Nigeria (CBN) window The parallel market has responded to the fresh devaluation of the naira amidst growing foreign exchange illiquidity. The local currency weakened to N500/$ at the black market at the weekend Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. Compare us to your bank Send money with Wise. Conversion rates US Dollar / Sierra Leonean Leone. 1 USD. 10394.80000 SLL. 5 USD Get live exchange rates for Ghanaian Cedi to Nigeria Naira including a chart showing the latest exchange rate history. Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. Top Exchanges; Dollar to Naira Pounds to Naira Euro to Naira Rand to Naira Cedis to Naira Bitcoin to Naira Ethereum to Naira Porpular Pages; CBN Official Rate Black Market Rate Western Union Rate. Nigerian Naira to US Dollar Convert NGN to USD at the real exchange rate. Amount. Converted to . 1 NGN = 0.00258 USD. Mid-market exchange rate at 14:25 UTC. Track the exchange rate. We can't send money between these currencies. We're working on it. Sign up to get notified, and we'll let you know as soon as we can. Get notified when we launch. NGN to USD conversion chart 1 NGN = 0.00258 USD.

Naira falls again at black market as dollar supply drops

Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market after a two-day break observed in. The naira's black-market rate declined to 472 per dollar on Monday from 465 naira on June 15, according to abokiFX.com, which collates rates from street traders in Lagos. That's the weakest. Nigeria's naira remained unchanged against the U.S. dollar at the unofficial market and official markets on Monday. Naira again closed at N485 at the black market, the same rate it has closed. The current Ghana Cedis To Naira Exchange Rate Today { Black Market / Parallel Market Rate & Official Rate} - Tor those asking how much is Cedi to Naira exchange rate, we at NaijaQuest brings you a daily updated post on the current Ghana Cedis To Naira exchange rate today. Foreign currency exchange rates are not stable and one would need to check for updates frequently as changes occur. The. Compare the best Nigerian Naira Pound exchange rate deals & Nigerian Naira to Pounds exchange today! Live Nigerian Naira to Pound exchange rate comparison tables, charts and NGN GBP histor

Exchange rate gains at black market, as Naira is expected

Get live exchange rates for Euro to Nigeria Naira including a chart showing the latest exchange rate history. Forex Market Crypto Market Parallel Market Naira-Blog English/UK English/US. Top Exchanges; Dollar to Naira Pounds to Naira Euro to Naira Rand to Naira Cedis to Naira Bitcoin to Naira Ethereum to Naira Porpular Pages; CBN Official Rate Black Market Rate Western Union Rate MoneyGram. Q: Is the Saudi Riyal going up or down against the Nigerian Naira? A: Today's exchange rate (110.1211) is higher compared to yesterday's rate (110.0632). Q: What is 50 Saudi Riyal in Nigerian Naira Naira hits N210, 213 to dollar at BDC, black market February 16, 2015 Lagos - The Naira on Monday lost N2 to the dollar to sell at N210 at the Bureau De Change (BDCs) segment of the official market This brought about the birth of black market that has grown to often decide the exact buying rate of dollar to naira today. The difference between the official and black market exchange rate grew by the day, no wonder General Ibrahim Babangida launched the Second Tier Foreign Exchange Market, SFEM on the 26 th of September, 1986

Dollar to Naira Exchange Rates 2020 (CBN & Black Market

Black Market Exchange Rate. An exchange rate for a currency that differs from the official exchange rate set by a government. The black market exchange rate occurs when the official rate bears little or no relationship to the currency's actual value. Using the black market exchange rate can be a punishable offense in the country issuing the. Nigerian Currency (Naira) Black Market Exchange Rates for Dollar, Pounds and Euro on AbokiMallamfx. Menu. AbokiMallamFx News; Business. Magic Number; Aboki Fx Today. Previous BDC Exchange Rates; ATM NGN Exchange Rate . Previous ATM Rate; CBN Exchange Rates; Western Union (NGN Receiving) Rates; Moneygram (NGN Receiving) Rates; About Us; Contact Us; Search for: ×. Hot News. Posted in. The naira dropped to a record intra-day low last week on the spot market and has been quoted at 480 naira to the dollar on the black market since last month, against the official rate of 381 naira, set in July and backed by the central bank. The central bank nearly doubled open-market Treasury yields last week to lure investors after revising its futures contracts upwards. The move pushed up. Nigeria's Dollar Crunch Pushes Naira to the Weakest Since 2017. Nigerian naira weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign. Nigeria's currency weakened to a four-year low in the parallel market after the central bank's efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates. Unauthorized dealers were offering the naira at 502 per dollar on Wednesday from 500 last week according to [

Naira depreciates at black market despite gains at

Unauthorized dealers were offering the naira at 502 per dollar on Wednesday from 500 last week according to abokifx.com, a website that collates the data. That's the weakest since February 2017. The rate widens the spread between the official and the parallel market rate to 22%, when compared with the spot rate of 411.13 naira a dollar as of 1.55 p.m. in Lagos on Wednesday.. Naira for the second day in a row fell against the U.S. dollar at the official market Wednesday, but managed a rebound at the parallel market, a day after hitting its lowest black-market rate in.

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