Black Market Dollar To Naira Exchange Rate Saturday, 22 January 2022

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Dollar to Naira Black Market Exchange Rate Today , Black Market Dollar To Naira Exchange Rate Today Naira to Dollar

The on Dollar to Naira rate at the official and black market exchange rate January 22nd, 2022 can be accessed here on Ejes Gist News

 

Read Ejes Gist News latest updates  on Black Market Dollar to naira exchange rate today, Bureau De Change (BDC) rates, as well as the official dollar rates  and CBN rates.

 

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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 Official Exchange Rate Today?

The official rate today, Saturday, January 22nd 2022, 1 United States Dollar equals 415.38 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 ₦415.38/$1 on Saturday 22nd , after it closed at ₦416.00 to $1 on Friday,  January 21st,  2022.

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The exchange rate for a at Lagos Parallel Market (Black Market) players buy a dollar for ₦563 and sell at ₦570 on Saturday, January 22nd 2022, according to data obtained from Bureau De Change (BDC).

Rate Today

(USD to NGN) Today
Buying Rate 563
Selling Rate 570

 

Please be aware that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), and has advised individuals interested in trading in foreign exchange to contact their respective banks.

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Trading at the official NAFEX window

The exchange rate between the Nigerian Currency and the US dollar opened at ₦415.42/$1 on 19th January 2022 and closed at ₦416.33/$1. Showing a change of 0.68%.

Bitcoin, Ethereum crash, as over 180,000 crypto investors liquidate due to Russia, US policies

On Friday, the Bitcoin market stumbled, shocking many investors who lost money due to the crypto community’s negative reaction to policies around the world.

Various digital currencies have been affected by the recent drop in bitcoin’s value. This resulting in exchanges liquidating $715 million worth of cryptoassets owned by 185,480 traders, according to reports.

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Long-term crypto investors are exiting the market, resulting in a $173 million liquidation on the Binance exchange. Also, the most among exchanges, and a $170 million liquidation on Okez, which trades in Asia.

This came after bitcoin’s value dropped to $37,728.86 in the last 24 hours, down from $43,488.27 – a drop of -13.2 percent and a loss of $5,759.41.

During the same time period, Ethereum fell -16 percent to $2,734.72. Down from a high of $3,257.55 reported on Thursday, erasing over $500 from the asset’s price.

 

Black Market Saturday

Crypto policies in the United States, Russia, China, and Nigeria have an impact on the market.

The decline of Bitcoin and Ethereum is similar to that of other altcoins in the market.  The majority of them are reacting negatively to the United States’ decision to raise interest rates and regulate some market sessions.

Aside from the United States, China has been stepping up its crackdown on cryptoassets, banning crypto mining and shutting down trading exchanges to wipe out its control of two-thirds of all Bitcoin mining.

 

Update on Black Market Saturday

Russia is also considering banning cryptocurrency trading in the country, believing that the digital currency poses a threat to the Ruble and its monetary policy control.

After losing a court case to enforce its ban directive, the Central Bank of Nigeria has used its power over financial institutions to restrict cryptocurrency trading.

This has resulted in a 53.3 percent decrease in trading volume, from around six million in Q3 2021 to two million in early November 2021.

 

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  • Black Market Dollar To Naira Exchange Rate

 

Also Read: NASIMS Adds Resignation Button, Asks Npower Batch C1 Beneficiaries To Resign If They Can’t Bear Lopsided Payment

 

 

Dollar To Naira Exchange Rate

Black Market Dollar To Naira Exchange Rate Today , Jan 5, 2022

That’s  in Nigeria. Always visit this website for daily USD to Naira Exchange Rate

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