Do you want to know the black market dollar to naira exchange rate today, Friday , December 31st 2021 Including the Official Exchange Rate in Nigeria?
Ejes Gist News provides the most up-to-date dollar to naira exchange rates, including black market, Bureau De Change (BDC), official dollar to naira rate, and Central Bank of Nigeria (CBN) rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Friday December 31st , for $1 dollar to naira = ₦420.67/$.
According to data from the FMDQ Security, where forex is officially traded, the naira-to-dollar opened at ₦420.67/$ on Friday, 31st , after closing at ₦435.00/$1 on Thursday , December 30th, 2021.
How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?
The dollar is worth ₦575 today at the Lagos Parallel Market (Black Market), according to the current exchange rate. Players buy a dollar for ₦570 naira and sell a dollar for ₦575, according to the current exchange rate at Bureau De Change (BDC).
The Central Bank of Nigeria (CBN) does not recognize the black market (also known as the parallel market), and customers who want to trade foreign currencies should contact their local banks.
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at ₦414.02/$ on 30th December 2021 and closed at ₦435.00/$1.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate In Lagos|
The Nigerian Naira to Dollar parallel Market today in Rivers State December 31st (Parallel Market) sells at ₦575/1$, according to sources at Bureau De Change (BDC).
|Dollar to Naira (USD to NGN)||Black Market Dollar To Naira Rate Today in Port Harcourt|
Convert US Dollar to Nigerian Naira Today, December 31st 2021. How much are 100 dollars in Naira?
|USD Dollar||Conversion of Dollar Naira|
|1 USD||420.67 NGN|
|10 USD||4,137.7 NGN|
|100 USD||41,377 NGN|
Dollar to Naira Black Market Rate Today 31st December 2021. The U.S. Dollar to Nigerian Naira in Black Market Today.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate in Nigeria range|
|Selling Rate||575 -568|
AbokiFX.com is where you get your Abokifx Your Daily Naira Exchange Rate and Today Abokifx Naira Rate
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Yesterday|
According to the Centre for the Promotion of Private Enterprise, the foreign exchange market’s inherent distortions will persist in 2022.
This is according to the Centre for the Promotion of Private Enterprise [CPPE] 2022’s Economic Review for 2021 and Agenda for 2022 report, which was signed by the center’s Chief Executive Officer, Dr Muda Yusuf.
According to the report, the forex challenge faced by investors in the previous year was multifaceted.
What the report has to say
According to the report, in 2021, the foreign exchange challenge will be a major concern for investors. The dimensions of this conundrum are as follows:
i. The sharp depreciation in the value of the currency over the last year.
Ad ii. The foreign exchange market’s liquidity crisis, which manifests itself in a severe foreign exchange shortage in the official window.
iii. Exchange rate volatility, which creates significant uncertainty and unpredictability for investors.
“Monetary and foreign exchange policy rigidities may also pose a risk to the growth outlook,” according to the report, “because there are no signs of any significant shift in monetary and foreign exchange policy stance in the near term.”
“As a result, the foreign exchange market’s inherent distortions will persist in 2022.” The high Cash Reserve Requirement [CRRconstraining ]’s effect on financial intermediation would continue in 2022, dampening the growth outlook.”
Black Market Dollar To Naira Exchange Rate Today Friday, Dec 31st, 2021
According to the report, investors will have to deal with the international trade barriers that will be present in 2021. “These are issues with the Lagos ports, including traffic congestion, port congestion, bureaucratic documentation processes, extortion, and prohibitive charges by terminal operators and shipping companies, all of which are unlikely to be resolved by 2022.” In 2022, investors will have to deal with these constraints,” it said.
The Nigerian Naira is the currency of Nigeria. Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The currency code for Nairas is NGN. And the currency symbol is ₦.
Dollar To Naira Exchange Rate Today Black Market ( This Week )
As Ejes Gist News reports, during the first trading day of the week on Friday, December 6, 2021, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦570. Since last Friday, when it opened at ₦558 Naira per dollar, there has been a 2 naira change in the exchange rate.
First of Nigeria Plc Currency Exchange Rate is $1 = ₦480.00
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Zenith bank Dollar to naira exchange rate today.
Zenith Bank Plc Currency Exchange Rate $1 = ₦481.00
Western Union USD to naira exchange rate today.
Western Union Currency Exchange Rate $1 = ₦479.04
Wema bank USD to naira exchange rate today.
Wema Bank Plc Currency Exchange Rate is $1 = ₦480.00.
GTBank USD to naira exchange rate today
GTBank Bank Plc Currency Exchange Rate is $1 = ₦481.0
UBA Bank of Nigeria Currency Exchange Rate $1 = ₦480.01
Access Bank USD to Naira exchange rate today
Access Bank PLC Currency Exchange Rate $1 = ₦480.09.
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The USD to Naira Black Market Calculator depends on the volume of dollars available in the black market.
Disclaimer: The black market exchange rate of the US dollar to the Nigerian naira is regulated by supply and demand, but the CBN Nigeria Exchange Rate is determined by the CBN Governor and monetary policy.
In Nigeria, there is no uniform exchange rate.