The Dollar To Naira Exchange Rate at Black Market, official and Parallel market exchange rates today, Monday, February 21st 2022.
Get the latest news from Ejes Gist Newspaper on the Dollar To Naira Exchange Rate Today Black Market, Bureau De Change (BDC) rates, as well as official dollar rate and Central Bank of Nigeria (CBN ) rates.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official dollar rate to naira today, Monday February 21st, for $1 dollar to naira = ₦416.83/$.
According to data from the FMDQ Security, where forex is officially traded, the naira-to-dollar opened at ₦416.83/$ on Monday, 21st, after closing at ₦416.75/$1 on Friday, February 18th, 2022.
How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?
The dollar is worth ₦568 naira today at the Lagos Parallel Market (Black Market), according to the current exchange rate. Players buy a dollar for ₦563 naira and sell a dollar for ₦568, according to the current exchange rate at Bureau De Change (BDC).
The Central Bank of Nigeria (CBN) does not recognize the black market (also known as the parallel market), and customers who want to trade foreign currencies should contact their local banks.
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at ₦415.85/$ on 17th February 2022 and closed at ₦416.75/$1.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate In Lagos|
Dollar To Naira Today Black Market Port Harcourt
The Nigerian Naira to Dollar parallel Market today in Rivers State February 21st (Parallel Market) sells at ₦562/1$, 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, February 21st 2022. How much are 100 dollars in Naira?
|USD Dollar||Conversion of Dollar Naira|
|1 USD||416.83 NGN|
|10 USD||4,168.3 NGN|
|100 USD||41,683 NGN|
Dollar to Naira Black Market Rate Today 21st February, 2022. 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||568 -570|
xchange Rate of Dollar to Naira yesterday Black Market Closed at ₦568/$
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Yesterday|
Meanwhile, Nigeria’s total currency in circulation reached an all-time high of N3.33 trillion in 2021.
This is an N418 billion increase from December 2020’s N2.91 trillion, as well as a 19.06 percent increase from 2.44 trillion in 2019.
This was stated by the Central Bank of Nigeria (CBN) in its money and credit statistics, which were published on the CBN’s website.
The total amount of physical cash represented in paper or coins used to conduct transactions in Nigeria is known as the currency in circulation.
It also represents the cash that has been taken out of the CBN net.
It also includes cash in commercial banks’ vaults that is ready to be paid out to customers who want to withdraw money.
“The growth in CIC reflected the continued dominance of cash in the economy,” the CBN said in its report on currency operations.
The CIC revealed that higher denomination banknotes accounted for a greater proportion of the total (N100, N200, N500 and N1000).
“In terms of volume and value, the higher denomination banknotes accounted for 63.47 percent and 98.08 percent of the total CIC, respectively.”
“As of end-December 2020, the volume of lower denomination banknotes (N5, N10, N20, N50) accounted for 28.43% of the total CIC and 1.92 percent in terms of value.”
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 Monday , February 14, 2022, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦560. Since last Monday , when it opened at ₦558 Naira per dollar, there has been a 2 naira change in the exchange rate.
First Bank current dollar to naira exchange rate.
First of Nigeria Plc Currency Exchange Rate is $1 = ₦490.00
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Zenith Bank Plc Currency Exchange Rate $1 = ₦488.00
Western Union USD to naira exchange rate today.
Western Union Currency Exchange Rate $1 = ₦499.04
Wema bank USD to naira exchange rate today.
Wema Bank Plc Currency Exchange Rate is $1 = ₦490.00.
GTBank USD to naira exchange rate today
GTBank Bank Plc Currency Exchange Rate is $1 = ₦491.0
UBA Bank of Nigeria Currency Exchange Rate $1 = ₦490.01
Access Bank USD to Naira exchange rate today
Access Bank PLC Currency Exchange Rate $1 = ₦489.09.
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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.
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