Here, we shall be taking a look at the black market Dollar to Naira exchange rate in Nigeria. Dollar to Naira Rate Black Market November 27 2020. Initial Dollar rate was noted as ₦362 at the beginning of this week on Monday, December 07, 2020. However, the Naira wasn’t lucky against the Pound and the Euro. Today’s Naira Black Market Exchange Rates. Pounds 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. Here are some suggested solutions to implement if we must see the high dollar to naira exchange rate today in the black market disappear. 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. Let us be Patriotic. The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:. 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. Euros to Naira. The lowest level of Canadian dollar to Naira exchange rate has been recoded above. Selling = 1 USD to Naira 475. 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 . These are the prevalent rates for Lagos. Today’s Naira Black Market Exchange Rates. The continued pressure on the naira was attributed to speculative activities as individual are buying and storing the greenback. Actual rates may vary slightly based on vendor. 570 / 580. Also, the Naira 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. Some foreign exchange end-users, whose demands are not being met at the official market, go to the autonomous market to source for dollar. In Nigeria foreign exchange, the rate that is easily accessible to the people is the Black market rate. Pounds to Naira. This equals to no rise for Dollar to Naira exchange rate for this week so far.. When we look at the whole month, Dollar was traded at ₦365 at the beginning of December on Tuesday, December 01, … Actual rates may vary slightly based on vendor. 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. Today’s Naira Black Market Exchange Rates. Naira has Further Clashed To Dollar at the black market. This represents a N1 drop when compared to the N462/$1 that it exchanged for on Friday, October 30. Lagos dollar to naira black market rate today. 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. The foreign exchange market closed on Tuesday with Nigeria’s currency stable at N483 per dollar on the black market. 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 foreign exchange market has been under pressure since March…. Rates are updated during the day as they change. Actual rates may vary slightly based on vendor. I.e $1 = ₦363. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. Black Market Exchange Rate can also be referred to as aboki fx rate. Euros to Naira. Initial Dough rate was noted as ₦293 at the beginning of this week on Monday, December 07, 2020. 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 If your Bureau de exchange rate goes below the sell rate here or above the buy rate here, don’t do the … Breaking News. 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/$1 during intra-day trading on Friday, November 6. This is the current price as updated today, you can always check this spot for daily updates (or periodic updates) because they are done in realtime. Euros to Naira. These are the prevalent rates for Lagos. This makes no change for AUD rate against Naira this week.. 625 / 635. The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as a result of the Covid-19 pandemic Share Nigeria’s currency has been on a steady fall against the dollar on the black market and may fall to N500/$ next week as … Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. Dollar to Naira. Rates are updated during the day as they change. Australian Dollar is being traded at ₦293 in Black Market (Lagos) today, December 12, 2020. It is called Aboki FX rate because most black market agents are Abokis. 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). 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. 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. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. 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. Hope we turn around this Dollar to Naira Exchange Rate for good soon enough. The black market is a market where transactions are carried out with some form of illegality or non-complaint behaviour. 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 page primary focus is on Canadian dollar to Naira daily black market exchange rate today which includes black market 1 CAD to NGN rate. 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. Pounds to Naira. Also, the Naira appreciated against the dollar, closing at N490/$1 at the parallel market on Tuesday, December 1, 2020, as the CBN’s new policy on diaspora […] Naira USD ($) EURO (€) GBP (£) […] Todays Exchange Rate In Naira. The local currency weakened to N500/$ at the black market at the weekend. It simply means the exchange rate of 1 usd to naira on the street. The dollar to naira black market rate is ₦363. Buying = 1 USD to Naira 470. The black market is the same as the parallel market. 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