Black Market Dollar To Naira Exchange Rate Sunday, 23 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 23rd, 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, Sunday, January 23rd 2022, 1 United States Dollar equals 414.95 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 ₦414.95/$1 on Sunday 23rd , after it closed at ₦416.33 to $1 on Saturday,  January 22nd,  2022.

How much is exchange rate of today?

The exchange rate for a at Lagos Parallel Market (Black Market) players buy a dollar for ₦565 and sell at ₦570 on Sunday, January 23rd 2022, according to data obtained from Bureau De Change (BDC).

Rate Today

(USD to NGN) Today
Buying Rate 565
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 ₦415.38/$1 on 19th January 2022 and closed at ₦416.33/$1. Showing a change of 0.68%.

 

Meanwhile, Nigeria’s Excess Crude Account is nearly depleted, and it may soon be depleted if the federal makes another large withdrawal.

The National Economic Council (NEC) announced on Friday that the Excess Crude Account, which is an oil savings account, now stands at $35,868,086.40 as of January 17, 2022.

The new figure means that FG dipped its hands into the ECA account in October 2021, when the account was at $60,857,773.43 ($60.8m), and withdrew $24.98 million in less than three months.

For the month of December 2021, the Federation Account Allocation Committee (FAAC) distributed N699.82 billion to the three tiers of .

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This was announced in a communique released on Friday following a virtual FAAC meeting scheduled for January 2022.

The total distributable revenue of N699.824 billion was made up of N507.267 billion in distributable statutory revenue, N187.4 billion in distributable Value Added Tax revenue, and N5.148 billion in exchange gain.

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

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

Nigeria’s Excess Crude Account is nearly depleted, and it may soon be depleted if the federal government makes another large withdrawal.

Black Market Sunday

The National Economic Council (NEC) announced on Friday that the Excess Crude Account, which is an oil savings account, now stands at $35,868,086.40 as of January 17, 2022.

The new figure means that FG dipped its hands into the ECA account in October 2021, when the account was at $60,857,773.43 ($60.8m), and withdrew $24.98 million in less than three months.

For the month of December 2021, the Federation Account Allocation Committee (FAAC) distributed N699.82 billion to the three tiers of government.

Also Read : List of Bank Charges in Nigeria Approved by CBN Now

This was announced in a communique released on Friday following a virtual FAAC meeting scheduled for January 2022.

The total distributable revenue of N699.824 billion was made up of N507.267 billion in distributable statutory revenue, N187.4 billion in distributable Value Added Tax revenue, and N5.148 billion in exchange gain.

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

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

Also Read : How To Become A First Bank POS Agent 2022

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

Businesses that fail to file their 2021 tax returns by the end of the month will face penalties, according to the Lagos State Internal Revenue Service (LIRS).

The agency gave companies operating in the state until January 31 to file tax returns or face sanctions, according to a statement issued by its Public Relations Officer, Adejuwon Osunnuyi.

On the NSE ROUNDUP, insurance companies flood the losers table as the stock market closes with a gain of N36 billion.

The Nigerian stock exchange handed out N36 billion to shareholders at the end of its eight-hour trading session on Friday, an increase from the N24.72 trillion market capitalization reported on Thursday.

This represented a 0.14 percent increase in the total investment of the shareholders, which closed at N24.76 trillion today.

The All Share Index held steady at 45,957.35 ASI on Friday, making it four days in a row of gains.

After adding 66.83 basis points to its size, it surpassed the 45,890.52 points reported on Thursday.

Pivo, Chari, Bumpa, Moni, Topship, Copia Global, and Zanifu were among the names that made headlines in the tech world this week.

Pivo, a Nigerian fintech startup, recently closed a new funding round with Microtraction, an early-stage venture capital firm.

Bumpa, a Nigerian ecommerce startup, also discussed its plans to create Africa’s version of Shopify.

Also Read : How to Apply for New CBN N500,000, N750,000 and N3,000,000 Non-Interest and Collateral Free Targeted Credit Facilities

 

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

 

 

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

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