Latest Forex News in Nigeria on Dollar to Naira rate at the official and black market exchange rate January 17th, 2022 can be accessed here on Ejes Gist News
People Ask : How Much Is Naira Per Dollar Today?
Important Note : Please note that the exchange rate changes hourly. It depends on the volume of dollars available and the demand. What it means is that you can buy or sell 1 dollar at 435 and the price can change (high or low) within hours.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Monday January 17th 2022, 1 United States Dollar equals 413.18 Nigerian Naira.
According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.18/$1 on Monday 17th , after it closed at ₦414.90 to a $1 on Friday, 14th January 2022.
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for ₦560 and sell at ₦565 on Monday , January 17th 2022, according to data obtained from Bureau De Change (BDC).
Trading at the official NAFEX window
The exchange rate between the Nigerian Currency and the US dollar opened at ₦413.94/$1 on 14th January 2022 and closed at ₦414.90/$1. Showing a change of 0.98%.
Nigerian Insurance Firms’ Assets Increases By 16% In 15 Months
Between June 2020 and September 2021, the assets of Nigerian insurance companies increased by 16 percent. According to data obtained from the Central Bank of Nigeria (CBN) on “Insurance sector (general and life) consolidated balance sheets” for the third quarter of last year, this is the case.
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According to the data, total assets in the sector increased by N228.24 billion (16%) from N1.8 trillion in June 2020 to N2.09 trillion in September 2021.
Similarly, the industry’s assets increased from N1.16 trillion at the end of December 2017 to N1.26 trillion at the end of December 2018 and N1.45 trillion at the end of December 2019, respectively.
What you should be aware of.
The National Insurance Commission (NAICOM), the industry regulator, had introduced new and segmented minimum paid-up share capital requirements for Nigerian insurance companies in June 2020.
NAICOM mandated underwriters to meet the deadline for the first phase of the recapitalisation exercise, which was set for December 31, 2020, in a circular dated June 3, 2020. The deadline for submissions was September 30, 2020.
At the end of the first phase, life insurance companies were required to increase their capital from N2 billion to N4 billion, and then to N8 billion at the end of the second phase.
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General insurance companies were required to boost their capital from N3 billion at the end of the first phase to N5 billion at the end of the second.
While composite underwriters were required to increase their capital from N5 billion to N9 billion at the end of the first phase, and from N18 billion to N20 billion at the end of the second phase, reinsurance companies were required to increase their capital from N10 billion to N12 billion at the end of the first phase, and from N20 billion at the end of the second phase.
Black Market Dollar To Naira Exchange Rate Monday
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Dollar To Naira Exchange Rate