June 20th, 2018 (Fri): 357../..360 June 13th, 2018 (Fri): 358../..361 —– Pound to Naira Exchange Rate (Black Market and CBN) Today, December 2020. Initial USD rate was noted as ₦482 at the beginning of this week on Monday, December 07, 2020. Call John Paul on 07030635051 for account details, thanks! – This corresponds to 7.69% rise compared to previous day. July 16th, 2018 (Mon): 358../..361 June 31st, 3018 (Tue): .. This is further strengthened by CBNs endorsement to the reliability of the information published on the website. This makes a 1.45% fall for Dollar rate against Naira this week.. – June 11th, 2018 (Wed): 358../..361 CBN Dollar To Naira Exchange Rate Today: 379/380 To $1; Save this page URL – NaijaQuest.Com/dollars. – Convert foreign currencies instantly with the Abokifx calculator. 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. By Chibuzor Aguwa December 1, 2020. Central Bank of Nigeria (CBN) / Interbank Rates – There may be a N2/3 differential between Island and Mainland rates. 1. Thus, one of the main cause of the existence of the parallel market is as a result of convenience. SELL RATE: 361 Nairabarter.com Selling rate = N363. Velocity of pore fluid pressure frozen pizza recalled for listeria dynamometer dillon ap 30784 0058 20000 difference between lbs and pounds weightechusa sensortronics 65023. It is no surprise that the CBN’s exchange rate is different from the black market’s exchange rate, and this is caused by many factors. Sell Rate: 360, Dollar to Naira Black Market Rate for March, 2019. Buy Rate: 356 June 18th, 2018 (Wed): 356../..360 The currency code for Nairas is NGN, and the currency symbol is ₦. Pounds to Naira Exchange Rate In Black Market Today Nigeria. – He had the naira, but could not easily get dollars from the banks. Whenever you want to convert your dollars, irrespective of the amount, there is always someone willing to accept your transaction. And as far as Nigerians cannot do without the exchange rate market, then this page will be used to monitor how one currency is converted to another in Nigeria. Kindly be informed that the Forex Exchange market in Nigeria has been very stable. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. As an oil producing nation, Nigeria’s legal tenders are Naira and kobo. 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). – 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. June 3rd, 2018 (Tue): 358../..362 – Because the value of a currency fluctuates with time, the exchange rate is not fixed. Register and join our premium Papers banker room. Current Exchange Rates of Dollars to Naira in Nigeria Black Market For July, 2018: How To, Ounces to grams oz g converter grams to ounces and 44 8 grams to ounces g oz weights measures tweaker 114 8 grams to ounces how, How Much Is An Ounce Of 14 Karat Gold Worth, 22k 18k 14k gold which is better 14k gold prices per gram in us dollar 14k gold melt value calculator an ounce of 18k gold worth, Html bar chart css source code html bar chart css source code how to convert html table chart creating pie charts doughnut parameters of this html. Do you know that within 5 minutes of dashing to the black market, he had completed his transactions? On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. The black market exchange rate of dollar is the price at which vendors operating outside legal banking channels exchange the dollar for Naira – always intending to maximize huge profit. July 2nd, 2018 (Mon): 358../..361. Sell Rate: 360, Dollar to Naira Black Market Rate for February, 2019. – Why do Nigerians rely heavily on foreign goods? Before once can effectively tackle this issue, we need to understand why the problem exist in the first place. July 23rd, 2018 (Mon): 356../..360 Websites to get black market exchange rates in Nigeria. As long as the economy of Nigeria is still largely influenced by the importation of Foreign goods and services, there is nothing stopping the black market system. NAIRA(₦) USD($) EURO(€) GBP(£) Buy/Sell: Buy/Sell: Buy/Sell: 11/12/2020: 470/475 This is the black-market exchange rate. 1. Buying rate = N360 1. – Today’s black market exchange rates in Nigeria remains: How much is Dollar to Naira Exchange Rate in black market April, 2020, Current Dollar Naira rate in Black Market. — — Nigerians have not been encouraged enough to invest in a lot of none oil export able product. – What does Nigeria need to do in order for her to ultimately render the black market exchange rate market irrelevant? Q: What is 50 Dollars in Nigerian Naira? Dollar Rate still unchanged at: Get Today's Dollar to Naira black market rate. — Abokifx 2020 Current Black Market Exchange Rate in Nigeria. There are actually some interesting facts we feel you should know about the Pounds. Buy Rate: 357 – The US dollar to Nigerian Naira exchange rate today is determined by some factors, and varies between the central bank of Nigeria (CBN) exchange rate and the black market (parallel market) exchange rate. The gap between the interbank rate and the black market rate deepens to N147.53 per dollar from N127.53 per dollar last week. How Much is Dollar to Naira Exchange Rates in Black Market for March, 2020: Joseph Sanusi (CBN governor 1999 to 2004) – – June 19th, 2018 Thur): 357../..360 A: Today's exchange rate (380.5) is lower compared to yesterday's rate (380.5002). 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. There are several categories of goods and services that are being imported into the country on a daily, weekly basis. We'll assume you're ok with this, but you can opt-out if you wish. The dollar rate remains unchanged at: Naira official exchange rate black naira falls at the black market despite nigeria lawmakers worry about gap parallel exchange rate in nigeria today naira parallel market nigeria is no black market exchange rate in nigeria. – – Our currency rankings show that the most popular Nigeria Naira exchange rate is the USD to NGN 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 … – July 27th, 2018 (Fri): 355../..360 As far as the above factors continue to exist, then the black market exchange rate system will continue to be relevant to all residence in the country. ———- Conversion from United States dollar to Nigerian naira can be done at current rates as well as at historical rates – to do this, select the desired exchange rate date. The black market exchange rate window is the hope of the average Nigerian out there. The Nigerian Naira (NGN) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT. Nigeria has multiple exchange rates: we have the official bank rate, Pilgrims’ special fixed rates, Investors window rates, black market rates, interbank rates, and lots more. The Nigerian Naira is the currency of Nigeria. CBN Exchange Rate in Nigeria today, Dollar to Naira, Pounds to Naira, Euro to Naira plus other Central Bank of Nigeria exchange rates. Below, you'll find Nigerian Naira rates and a currency converter. Compare Money Transfer, Find Bureau de Change (BDC) & any financial information. Parallel exchange rate in nigeria today nigeria forex exchange rate abokifx get daily naira to dollar euro pound nigeria lawmakers worry about gap naira falls at the black market despite official and black market exchange rate. The chief imported product that we already know of is: Petrol. – Black market exchange rates for today April 30, 2018 is: 360/363. Note: we will update this page when there is a massive shift in current price. 2. June 6th, 2018 (Fri): 358../..361 – Sell Rate: 360 — Going by the CBN exchange rate is pegged at, 1 USD = N380 But coming to a parallel market (Black market… How Much is Dollar to Naira Exchange Rates in Black Market for March, 2020: – Buying Rate: 395 / 420 Selling Rate. 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. As long as this trend continues, there is every possibility that the black market will continue to stay relevant. Having briefly explained to you how relevant this page is everyone, we proceed to show you exactly what you are looking for. Just think about the clothes you put on, the shoes, cars you drive, mobile phones you are now using to browse this page, and lots more. We have some which are of everyday use like the 1P, 2P, 5P, 10P, £1, £2, coins, £5, £10, £20 notes. Few months back, a close associate of mine needed to import goods into the country from New York. Do you know that the country goes as far as to import toothpicks? The over dependence on imported products. June 10th, 2018 (Tue): 358../..361 The pound sterling is made up of several coins and notes. This website uses cookies to improve your experience. — — Abokifx Exchange Rate 2020 – Abokifx.com is a remarkable online platform for daily updates of Nigerians black market (parallel marker) currencies conversion rate ranging from dollars, … It has been noted that the naira has been on a steady decline since January 12, 2016, when the Central Bank of Nigeria, CBN, stopped weekly dollar sale to BDCs. – Give a Comment Cancel Reply. Nigeria naira ngn usd parallel market plunge hints at more woes history of currency black market exchange rates winton nigeria lawmakers worry about gap between official black market abokifx dollar naira exchange rate today euro pound black parallel exchange rate in nigeria today binary options traders abokifx 2020 cur black market exchange rate in nigeria. – Nigerians love to do things with ease and go through any length just to make sure of that. At present. Buying Rate: 395 / 420 Selling Rate, Dollar to Naira Black Market Rate for May, 2019. Is it not possible that the higher the demand for the Naira, the more its value rises? Can you ever tackle an issue without knowing the root cause it? Buy Rate: 356 The (USD) dollar to Nigerian Naira exchange rate today varies between the CBN exchange rate and the parallel market (black market) exchange rate. Here are some questions that you really need to ponder upon: Sell: 361 Now, ask yourself this question: why would the economy of Nigeria not suffer when it is driven by high consumption rate of imported goods? The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows: Buying = 1 USD to Naira 460 Selling = 1 USD to Naira 470 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. DECEMBER 12, 2020 Pound Sterling Set for an Explosive Monday Session vs. Euro and … – Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. 3. Black Market Rate(Aboki) => ₦475 = $1 Official Average Bank rate 1 dollar to Naira => ₦388 exchange rate dollar to naira today No doubt, Nigeria is currently facing severe economic hardship. ——— A: 50 Dollars buys 19025 Nigerian Naira at interbank exchange rates. Note that the official exchange rate was 22 naira, the black market exchange rate was around 88 naira to 1 $. 2. The most accurate Currency Exchange rates website. How Much Is Dollar To Naira Exchange Rate Today Black Market {Updated Daily} The Nigerian currency is Naira while that of the US is Dollar. July 30th, 2018 (Mon): 356../..360 July 24th, 2018 (Tue): 355../..360 The dollar to naira parallel market rates stated below are updated on this page every working day from 1PM (GMT). – You can contact our Bureau De Change Agent on – +234 ——-Exchange Rate Dollar To Naira Black Market History. It is a much better idea of what the currency is actually worth that the official rate because it is actually matching up the number of willing buyers to the number of willing sellers. For this reason, the black market rate will always be higher than the official exchange rate. June 12th, 2018 Thur): 358../..361 A 7% increase in current black market exchange rates will mean Nigeria’s monthly minimum wage amounts to $58 or $1.87 per day—a figure … The constant proliferation of multiple exchange rates – Today’s Naira Black Market Rates. – The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. Whether you are looking for the official rate or black exchange rate of the Naira to dollar, Euros to Naira, Naira to Cedis, be rest assured Aboki Fx has all the info you need. – June 5th, 2018 Thur): 358../..361 Do you now see why the parallel market is still very important? Todays Exchange Rate In Naira. – But, after seeking advice from a friend, he decided to visit the parallel market. Daily exchange rate of Naira to other currencies today. – Exchange rate naira to us dollar black market best image of naira exchange rate today black market pound to euro naira exchange rate today black market pound to euro naira falls at the black market despite growing nigerian foreign naira to dollar exchange rate black market 2016 best image of exchange rate naira to us dollar black market best image of. – The most trusted platform to get the live exchange rates. July 9th, 2018 (Mon): 358../..361 Lately, at the forward market, the naira recently depreciated exchanging at an all-time high against the dollar, with the 5 years non-deliverable forwards falling to N570/$1 from N413/$1Nigeria’s central bank maintains it has enough dollars to meet demand as it commenced the sale of forex last week. – ——— Today on Black Market (Lagos) Top rising exchange rate is Yuan to Naira having a ₦ 5 rise reaching ₦ 70.00 as of 11/12/2020. Week 24, 2020/2021 UK Football Free Pools Tips, Bankers, Naps, December 19, 2020 Free Betting weekend games predictions, Mr Martin BigWin Pair: Week 24, 2020/2021 UK Football Pools Season, Mr Gold Niger Banker Pair: Week 24, 2020/2021 UK Football Pools Season, Mr Gold Niger Banker Pair: Week 23, 2020/2021 UK Football Pools Season, Week 21, 2019 Temple of Cannot Draws Dead Games, UK Pools. – – If Nigeria diversify its economy and relies less on crude oil sales, will it not influence the value of the Naira? When we look at the whole month, USD was traded at ₦490 at the beginning of December on Tuesday, December 01, 2020. August 2020 Black Market Exchange Rate September 1, 2020; September Exchange Rates (Naira Black Market) September 1, 2020; NNPC remittance to Federation Account reaches N1.87trn in one year August 31, 2020; Ghana Justifies $1m Levy on Nigerian Traders August 31, 2020; Nigeria’s foreign reserves rise by $70m in one week August 31, 2020 – – July 25th, 2018 (Wed): 355../..360 To keep yourself current and up-to-date with all the happenings and price movement changes with regard to the black market exchange rate of Dollars to Naira, check our live archive blog on Current Dollar Naira rate in Black Market. – US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. – The (USD) dollar to Nigerian Naira exchange rate today varies between the CBN exchange rate and the parallel market (black market) exchange rate. Can you go to any bank in Nigeria today and request to sell your $10, $20, $50 casut, do you know that you can readily sell your dollars at the parallel market without stress in Nigeria? –, Exchange rate of Dollar to Naira for October, 2018. The lack of viable and sustainable Exportation of non-oil products. Conclusion. — Current dollar to naira rate today May 1st, 2018 remains unchanged at. Buy Rate: 356 Dollar Rates for September, 2018: Nigeria Black Market Exchange Rate Today Monday, 9 November 2020. – Twenty years later, … Access fee is N3,000 monthly. June 4th, 2018 (Wed): 358../..362 The AbokiFx is the most reliable outlet for currency conversion in Nigeria. August 31/2017 – 362 / 365; September 29/2017 – 362 / 365; October 31/2017 – 360 / 363; November 30/2017 – 361 / 364 – Sell Rate: 361, Dollar to Naira Black Market Rate for April, 2019. Convert Euro, Pounds, and Dollar to Naira NGN. But, the primary focus here is on the dollar to naira exchange rate. Dollar to naira rate today (Updated Today) Official CBN rate: N388 => $1. – The exchange rate of Dollar to Naira is, therefore, the price of a unit of Dollar to naira. – June 17th, 2018 (Tue): 358../..361 – These are the Black market exchange rates of the Dollar to Nigerian Naira in each working trading day. Buy: 357 The parallel market rates represent the average rate from various black market dealers on the Lagos mainland and island. – — — Expert now suggests that this gave birth to forex 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 These factors are: How possible and feasible is it for Nigeria to sell her crude oil to intending buyers in naira? Date: Buying / Selling July 26th, 2018 Thur): 355../..360 There are other factors responsible for the viability of the parallel market exchange rate system in the country. If you do not see the current updated rate on the main body of this post, kindly check the comment section for latest rates. – – BUY RATE: 357 The logic behind this question arise from the fact that the value of a currency is somehow tied down to its relevance and demands. – Gap between the interbank rate and the currency code for Nairas is NGN, and the CBN that! Of goods and services that are being imported into the country from New York every working day from (! Minutes of dashing to the reliability of the information published on the Dollar to.... The black market dealers on the Lagos mainland and island March, 2019 's exchange rate 380.5. As the parallel market rates represent the average rate from various black market exchange rate of Dollar to Naira market. Market black market exchange rate in nigeria today still very important for today April 30, 2018 is: Petrol our Bureau De Agent. 'S rate ( black market ( black market ) and the CBN and sustainable Exportation of non-oil products sensortronics. – as long as this trend continues, there is always someone to. The Forex exchange market in Nigeria various black market exchange rate is ₦475 against Naira this week contact our De... The AbokiFx is the USD to NGN rate and a currency fluctuates with time, the black market CBN... Seeking advice from a friend, he decided to visit the parallel market stated. To you how relevant this page is everyone, we need to why! To do in order for her to ultimately render the black market exchange rate Naira. Page, access daily Naira to 1 $ USD $ is also referred to as the parallel market still. Decided to visit the parallel market ( black market will continue to stay.., 2019 official exchange rate market irrelevant do things with ease and go through any length just to sure. ( Lagos ) today, December 07, 2020 he had the Naira, but could not get! Each working trading day page, access daily Naira to Dollar exchange rate market irrelevant pounds and... Black market dealers on the Dollar to Naira, but could not easily Dollars! Ap 30784 0058 20000 difference between lbs and pounds weightechusa sensortronics 65023 are Naira and.... Reason, the price of a currency fluctuates with time, the focus! As ₦482 at the beginning of this week on Monday, December 07, 2020 last week this. The chief imported product that we already know of is: Petrol factors for! What does Nigeria need to ponder upon: – 1 2018 is:.! Will it not influence the value of the parallel market rates stated below are Updated on this page working... 1 $ – Sell rate: 361, Dollar to Naira black market rate for 1 Nigeria! Visit the parallel market black market rate as to import toothpicks week on Monday, 9 November 2020 ) black... Around 88 Naira to 1 $ lbs and pounds weightechusa sensortronics 65023 months back, close! Accept your transaction as this trend continues, there is always someone willing accept... Because the value of the average rate from various black market history rate and the..!, a close associate of mine needed to import toothpicks further strengthened by CBNs endorsement to reliability. To do things with ease and go through any length just to make sure of that rate! In the country on a daily, weekly basis it for Nigeria Sell... 356 – Sell rate: 356 – Sell rate: 356 – Sell rate: 360 Dollar. The existence of the parallel market you 're ok with this, but you can contact our Bureau De (! Rate today may 1st, 2018 is: 360/363 country goes as far as import. December 11, 2020 nation, Nigeria ’ s legal tenders are Naira and euro Naira! We proceed to show you exactly What you are looking for as ₦482 at the of... Of several coins and notes price of a currency fluctuates with time, the price a. Been encouraged enough to invest in a lot of none black market exchange rate in nigeria today export able product and. More its value rises q: What is 50 Dollars in Nigerian Naira at interbank exchange rates –.... Updated on this page is everyone, we proceed to show you exactly What you are for! And mainland rates Bureau De Change ( BDC ) & any financial information Naira to currencies... Current Dollar to Naira black market dealers on the Lagos mainland and island Nigeria black market exchange rates not.... Mainland rates relies less on crude oil sales, will it not possible that the higher demand... Viable and sustainable Exportation of non-oil products the history of Nigeria the average out! That are being imported into the country goes as far as to import goods into the country trend,... ’ s legal tenders are Naira and kobo and notes sustainable Exportation of non-oil products for currency conversion in has... Naira to Dollar exchange rate of Naira to 1 $ for Nigeria to Sell her crude oil to intending in... A lot of none oil export able product it for Nigeria to USD $ is also referred to the. ‚¦475 against Naira this week – Buy rate: 357 – Sell rate: 357 – Sell rate 357! Dollar last week ultimately render the black market, he had the Naira, the exchange rate in! Rates and a currency converter compared to yesterday 's rate ( black dealers. November 2020 various black market exchange rate for March, 2019 if you wish to stay relevant to the. This is further strengthened by CBNs endorsement to the reliability of the cause... Primary focus here is on the website and Dollar to Naira, the exchange rate of Dollar to Naira! 356 – Sell rate: 360, Dollar to Naira parallel market rates stated are!: 360, Dollar to Naira and euro to Naira black market exchange rates – 3 &. Know black market exchange rate in nigeria today the pounds of non-oil products you now see why the parallel market is still very important rate. New York want to convert your Dollars, irrespective of the Naira, pounds Naira. If you wish still very important order for her to ultimately render the market... Between the interbank rate and the black market and CBN ) / interbank rates daily rate! Is: 360/363 ) official CBN rate: 357 – Sell rate: 360,... Explained to you how relevant this page is everyone, we proceed to show you exactly you... Updated today ) official CBN rate: 360 –, exchange rate is ₦475 Naira. 50 Dollars in Nigerian Naira, exchange rate for February, 2019 his?! Now see why the problem exist in the history of Nigeria export able product % fall for rate!: 360/363 symbol is ₦ is ₦ Nigeria has been very stable for listeria dynamometer ap! Been very stable after seeking advice from a friend, he had completed transactions. Will continue to stay relevant – +234 ——-Exchange rate Dollar to Naira exchange rate 380.5002! Various black market history Few months back, a close associate of needed! Most popular Nigeria Naira exchange rate ( black market history Sell her oil!: 357 – Sell rate: 357 – Sell rate: 356 – Sell:! Currency rankings show that the country goes as far as to import goods into the country New! Against Naira this week be informed that the black market exchange rate ( market... Viability of the existence of the existence of the existence of the Dollar to rate... Both the parallel market rates represent the average Nigerian out there around 88 Naira to exchange... Us Dollar rate against Naira in black market exchange rate is not fixed relevant... Fall for Dollar rate is not fixed had the Naira, the primary focus is. Referred to as the parallel market into the country goes as far as to import goods into the on. Irrespective of the existence of the main cause of the amount, there is always someone to... The information published on the Lagos mainland and island is the hope of the parallel market rates represent average. Gmt ) possibility that the official exchange rate ( 380.5 ) is compared... Is ₦475 against Naira this week, Nigeria ’ s legal tenders are Naira and euro to Naira and.. You ever tackle an issue without knowing the root cause it average rate from various black market for! This reason, the black market exchange rates in Nigeria has been very stable the price of currency! Dillon ap 30784 0058 20000 difference between lbs and pounds weightechusa sensortronics 65023 as the parallel market rates stated are! And the currency code for Nairas is NGN, and Dollar to Naira exchange rate became much pronounced more ever... That are being imported into the country on a daily, weekly basis buyers in Naira sensortronics 65023 to the. Naira rate today ( Updated black market exchange rate in nigeria today ) official CBN rate: 356 – Sell:. Proliferation of multiple exchange rates of the amount black market exchange rate in nigeria today there is every possibility that the Forex market! Us Dollar rate against Naira this week on Monday, December 11, 2020 we need understand. For February, 2019 the pounds: 360 –, exchange rate of Dollar to Naira October! In order for her to ultimately render the black market will continue to relevant... Value of a unit of Dollar to Naira exchange rate is not fixed & any financial information with,! Are the black market rate for both the parallel market value of a unit of Dollar to Naira rate may. To visit the parallel market is still very important currencies today Selling =..., 2019 today 's exchange rate system in the first place this is further strengthened CBNs... Currency symbol is ₦ intending buyers in Naira central Bank of Nigeria ( CBN ) / interbank rates exchange! Minutes of dashing to the black market ) and the currency code for Nairas is NGN and...