Do you want to know the black market dollar to naira exchange rate today Monday , January 3rd 2022 Including the Official Exchange Rate in Nigeria?
Ejes Gist News publishes 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, Monday January 3rd , 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 Monday, 3rd , after closing at ₦435.00/$1 on Friday , December 31st, 2021.
Abokifx Exchange Rate In Nigeria Today Black Market
How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?
The dollar is worth ₦572 today at the Lagos Parallel Market (Black Market), according to the current exchange rate. Players buy a dollar for ₦570 naira and sell a dollar for ₦572, according to the current exchange rate at Bureau De Change (BDC).
The Abokifx Dollar To Naira Black Market
The Central Bank of Nigeria (CBN) does not recognize the black market (also known as the parallel market), and customers who want to trade foreign currencies should contact their local banks.
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at ₦414.02/$ on 31st December 2021 and closed at ₦435.00/$1.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate In Lagos|
The Nigerian Naira to Dollar parallel Market today in Rivers State January 3rd (Parallel Market) sells at ₦572/1$, according to sources at Bureau De Change (BDC).
Aboki Exchange Rate In Nigeria Today 2022
|Dollar to Naira (USD to NGN)||Black Market Dollar To Naira Rate Today in Port Harcourt|
Convert US Dollar to Nigerian Naira Today, January 3rd 2022. How much are 100 dollars in Naira?
|USD Dollar||Conversion of Dollar Naira|
|1 USD||420.67 NGN|
|10 USD||4,206.7 NGN|
|100 USD||42,067 NGN|
Dollar to Naira Black Market Rate Today 3rd January 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||572 -568|
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Yesterday|
BDC ban sees headway as FX demand migrates to DMBs – CBN
Due to the central bank’s ban on forex sales to Bureaux De Change, deposit money banks have seen an increase in foreign exchange demand (BDCs).
CBN deputy governor Adamu Edward Lametek revealed this in his statement at the most recent Monetary Policy Meeting.
Despite tight liquidity management and a recent change in the foreign exchange (FX) management approach, he stated that the naira exchange rate has remained stable since the last adjustment at the I&E window.
Adamu’s point of view
The rapid depreciation seen in the black market, according to Adamu, has come to a halt. “The panic-driven depreciation on the parallel market has gradually given way to real market forces,” he explained.
He also claimed that the CBN’s currency ban had successfully shifted FX demand to the DMB’s.
“A significant portion of FX demand has migrated to the DMB’s window, indicating that the revised FX management strategy, which excludes BDCs from direct sales, is working. As confidence in the modified framework grows, we should expect this pattern to continue in the coming months,” he said.
“Overall, I figured out that the primary goal of policy at this point would be to maintain and possibly deepen the relative stability the economy has begun to record,” he continued. In my opinion, the current monetary policy configuration is still relevant.”
Despite the positive outcomes so far on inflation and growth, he also stated that the economy has yet to return to pre-pandemic levels on several fronts. For example, employment continues to be a major policy concern.
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, January 6, 2022, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦570. 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 = ₦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 Dollar to Naira exchange rate today.
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.
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