The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as a result of the Covid-19 pandemic Share Nigeria’s currency has been on a steady fall against the dollar on the black market and may fall to N500/$ next week as … Here are some suggested solutions to implement if we must see the high dollar to naira exchange rate today in the black market disappear. The black market exchange rate of the US dollar to Naira in Nigeria early morning of Monday, December 14, 2020, was N475/N470 (buy/sell). At the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N464/$1 on Friday By Chike Olisah Forex turnover improved by 9.12% as Nigeria’s exchange rate at the NAFEX window maintained its stability against the dollar to close at N386/$1 during intra-day trading on Friday, November 6. Although there has been fluctuations in dollar to naira in the black market, so in this post I will update you with the latest dallar to naira buy and sell rate, pounds to naira buy and sell rate, euros to naira buy and sell rate. Selling = 1 USD to Naira 475. Actual rates may vary slightly based on vendor. When we look at the whole month, Dollar was traded at ₦365 at the beginning of December on Tuesday, December 01, … The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:. The black market is the same as the parallel market. The foreign exchange market closed on Tuesday with Nigeria’s currency stable at N483 per dollar on the black market. The Canadian dollar to Naira exchange rate today {Black Market} is quite high, at the expense of the Nigerian Naira. Todays Exchange Rate In Naira. figures in this page are updated based on rates traded in the Black Market . Canadian Dollar to Naira exchange rate is ₦ 362.00 in Black Market, ₦ 0.75 in Moneygram, ₦ 295.99 in FX Market, and ₦ 311.00 in Zenith Bank; Canadian Dollar to Naira rate recently moves downwards 0.48% in FX Market; Canadian Dollar to Naira exchange rate has the lowest value of ₦ 0.75 at Moneygram as of 12/12/2020 among the rates listed in the summary table Daily FX rates against the Dollars (USD), Pound Sterling (GBP), Euro (EUR) and other currencies like (GHS) Ghana Cedis, XAF and XOF Benin and Cameroon Francs. The local currency weakened to N500/$ at the black market at the weekend. The lowest level of Canadian dollar to Naira exchange rate has been recoded above. Dollar to Naira Rate Black Market March 10 2020. I.e $1 = ₦363. This represents a N1 drop when compared to the N462/$1 that it exchanged for on Friday, October 30. Also, the Naira appreciated against the dollar, closing at N490/$1 at the parallel market on Tuesday, December 1, 2020, as the CBN’s new policy on diaspora […] Rates are updated during the day as they change. The second two being the United States of America (USA) and Mexico. Let us be Patriotic. Usd To Naira Exchange Rate Black Market Monday, 21 September 2020. Dollar to Naira. However, the Naira wasn’t lucky against the Pound and the Euro. Hope we turn around this Dollar to Naira Exchange Rate for good soon enough. Dollar to Naira. This equals to no rise for Dollar to Naira exchange rate for this week so far.. The dollar changes for more there. We can make 1 dollar = 1 Naira if we really are ready to do the work. These are the prevalent rates for Lagos. When we look at the whole month, Australian Dollar was traded at ₦293 at the beginning of December on Wednesday, December 02, 2020. These are the prevalent rates for Lagos. It simply means the exchange rate of 1 usd to naira on the street. These are the prevalent rates for Lagos. 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. Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. Also, the Naira Dollar to Naira Rate Black Market November 4 2020. Nigeria’s Central Bank at the weekend adjusted the rates by N6 across foreign exchange market segments. Dollar to Naira. Australian Dollar is being traded at ₦293 in Black Market (Lagos) today, December 12, 2020. 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. This is the current price as updated today, you can always check this spot for daily updates (or periodic updates) because they are done in realtime. Today’s Naira Black Market Exchange Rates. Wednesday, December 9 2020 . Exchange Rate of Dollar To Naira in Black Market Today. Today’s Naira Black Market Exchange Rates Date USD GBP EURO YUAN Canadian Australian NGN BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL BUY/SELL 08/12/2020 470/483 610/620 560/570 50/70 330/362 245/293 07/12/2020 470/482 610/615 560/570 50/70 330/362 245/293 04/12/2020 465/475 615/625 560/570 50/70 330/362 245/293 Today’s Bureau De Exchange Naira … NewsOnline Nigeria reports that Forex turnover dropped by 53.9%, as the Naira’s exchange rate at the NAFEX window continued to remain flat against the dollar to close at N395/$1 during intra-day trading on Monday, December 7. Dollar To Naira In Black Market. The foreign exchange pressure continued on Friday as Nigeria’s currency weakened by N0.67k against the dollar on the black market, due to increased demand amid a shortage. Euros to Naira. The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at the black market to close the day at N476/$1 in contrast to the N478/$1 it traded on Wednesday.However, the Naira wasn’t lucky against th Actual rates may vary slightly based on vendor. Nigeria’s currency weakened further in value on Thursday by N3, exchanging at N480 with the dollar compared to N477 traded on Wednesday on the black market. This represents a N1 drop when compared to the N464/$1 that it exchanged for on Wednesday, November 4. Initial Dough rate was noted as ₦293 at the beginning of this week on Monday, December 07, 2020. Euros to Naira. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N463/$1 on Monday. The page primary focus is on Canadian dollar to Naira daily black market exchange rate today which includes black market 1 CAD to NGN rate. Dollar to Naira. Rates are updated during the day as they change. Rates are updated during the day as they change. In Nigeria foreign exchange, the rate that is easily accessible to the people is the Black market rate. Euros to Naira. Dollar to Naira Rate Black Market December 15 2020. 625 / 635. 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. naira, black market naira rates, naira exchange rates, dollar to naira, euro to naira, pound to naira, australian dollar to naira, riyal to naira,lagos parallel market, Central Bank of Nigeria, CBN, Bureau De Change, BDC, turkish lira to naira, moneygram, western union Forex turnover rose significantly by 379.6%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394/$1 during intra-day trading on Tuesday, December 1. 570 / 580. So the exchange rate they buy and sell dollar for naira is called black market rate. Canada is one of the 3 main countries in North America. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. However, naira weakened by N2 at the Bureau De Change (BDC) segment as the dollar was traded at N482 on Tuesday as against N480 traded on Monday. The black market is a market where transactions are carried out with some form of illegality or non-complaint behaviour. On the AbokiFX website, you can check live exchange rates and see daily Naira exchange rates. The current exchange rate at the BDC and the black market has defied the CBN’s FX adjustment where it directed the BDCs to sell dollars at N392 to the end-users. The foreign exchange market has been under pressure since March…. Nigeria naira s parallel market plunge dollar to naira exchange rate today nigeria spins out of control and the nigerian naira black market rate dollar to naira today exchange rate black market exchange rate in nigeria. Naira and Dollar. Here, we shall be taking a look at the black market Dollar to Naira exchange rate in Nigeria. Read Also: Naira falls to N496.50k on black market as dollar scarcity persists. Naira weakens on parallel market as external reserves shrink by $452m in a month - Naira weakened slightly against the United States dollar on the black market Tuesday, changing hands at N483 as Nigeria’s foreign exchange reserves. Lagos parallel market rates/Black market rates: Dollar Naira Exchange Rate Today From Abokifx. The continued pressure on the naira was attributed to speculative activities as individual are buying and storing the greenback. Pounds to Naira. Initial Dollar rate was noted as ₦362 at the beginning of this week on Monday, December 07, 2020. Buying = 1 USD to Naira 470. Canadian dollar is nicknamed loonies and has the same symbol with the US Dollar and a unit code CAD, it is a brightly colored currency and can be recognised and differentiated from US Dollar easily . Lagos dollar to naira black market rate today. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N465/$1 on Thursday. The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at the black market to close the day at N476/$1 in contrast to the N478/$1 it traded on Wednesday. CBN is an acronym for Central Bank of Nigeria. This makes no change for AUD rate against Naira this week.. Pounds to Naira. 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]. BTC/USD = 19203.1 BTC/NGN = 9255894.194 ETH/USD = 595.5786 ETH/NGN = 287068.8808 LTC/USD = 85.5208 LTC/NGN = 41221.0038 XRP/USD = 0.6103 XRP/NGN = 294.1551 BCH/USD = 285.8079 BCH/NGN = 137759.4234 / =. The Central Bank of Nigeria (CBN) had adjusted the value of the naira by N6 against the dollar on Friday. These are the prevalent rates for Lagos. Black Market Exchange Rate can also be referred to as aboki fx rate. Breaking News. Naira fell against the United States’ dollar on the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal street traders. Euros to Naira. Today’s Naira Black Market Exchange Rates. Dollar to Naira Rate Black Market November 27 2020. Rates are updated during the day as they change. Naira has Further Clashed To Dollar at the black market. Actual rates may vary slightly based on vendor. 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