Black Market Dollar To Naira Exchange Rate Today Monday, May 16, 2022

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

Here is the Latest  Exchange Rate Today Black Market at the official and Parallel market exchange rates today, Monday, May 16th, 2022.

 

The latest news on Black Market, Bureau De Change (BDC) rates, as well as official dollar rate and Central Bank of Nigeria (CBN ) rates can be accessed here on Ejes Gist Newspaper

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

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The official rate today, Monday May 16th, for $1 dollar to naira = ₦415.26/1$.

According to data from the FMDQ Security, where forex is officially traded, the naira to dollar opened at ₦415.26/1$ on Monday, May 16th, after closing at ₦416.87/1$ on Friday, May 13th, 2022.

 

How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?

The dollar is worth ₦595 naira today at the Lagos Parallel Market (Black Market), according to the current exchange rate. Players  buy a dollar for ₦590 naira and sell a dollar for ₦595, according to the current exchange rate at Bureau De Change (BDC).

The

The Central Bank of Nigeria (CBN) does not recognise the black market (also known as the parallel market), and customers who want to trade foreign currencies should contact their local banks.

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Trading at the NAFEX official window ( )

The exchange rate between the naira and the USD opened at ₦416.52/$ on 13th May 2022 and closed at ₦416.87/$1.

Dollar to Naira (USD to NGN) In Lagos
Buying 585
Selling 590

Click Here To See All Daily today black market 



The Nigerian Naira to Dollar parallel Market today in Rivers State May 16th (Parallel Market) sells at ₦595/1$, according to sources at Bureau De Change (BDC).


Dollar to Naira (USD to NGN) Black Market Dollar To Naira  Rate Today  in Port Harcourt
Buying Rate 585
Selling Rate 590

 

Convert US Dollar to Nigerian Naira Today, May 16th 2022. How much are 100 dollars in Naira? 

USD Dollar Conversion of Dollar Naira 
1 USD 415.26 NGN
10 USD 4,152.6 NGN
100 USD 41,526 NGN

 

Black Market Exchange Rate in Nigeria Today Range


Today 16th May  2022. The .


Dollar to Naira (USD to NGN) Black Market Exchange Rate in Nigeria  range
Buying Rate 585- 590
Selling Rate 590 – 595

Dollar To Naira Exchange Rate Today Black Market

xchange Rate of Dollar to Naira yesterday  Black Market  Closed at ₦595/$

is where you get your and Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Yesterday
Buying Rate 585
Selling Rate 590

 

Despite Nigeria’s prohibition on exchanges, the Securities and Exchange Commission (SEC) has issued new guidelines that allow for exceptions.

In Nigeria, the new rules will govern the issuance, exchange, and custody of digital assets.

The SEC mandates the registration of “the offering and sale of digital tokens that are considered securities” in its new regulations, which it notes applies to all issuers seeking to raise capital through digital asset offerings.

Monday, May 16, 2022

Digital asset actors include digital asset offering platforms (DAOPs), digital asset custodians (DACs), virtual asset service providers (VASPs), and digital asset exchanges, according to the regulation (DAX).

The SEC stated that it would review applications within 30 days before determining whether the proposed digital asset is a “security.”

“The commission may reject any application for registration of digital assets if the proposed activity, in its opinion, violates public policy, is harmful to investors, or violates any of the commission’s laws, rules, and regulations,” the regulator added.

Issuers can only raise funds up to N10 billion, according to the regulation.

However, it stated that the ceiling could be adjusted at any time.

According to the regulation, the SEC would accept a digital assets offering platform (DAOP) — an electronic platform operated by a DAOP operator for the purpose of offering digital assets — if it presented evidence of N500 million in paid-up capital and a current fidelity bond covering at least 25% of the minimum paid-up capital.

Black Market Dollar To Naira Exchange Rate Today Monday, May 16, 2022.

A fidelity bond is a type of insurance that protects against losses caused by employee fraud. Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock.

The regulation stipulates that applicants seeking to register a DAOP must pay a filing or application fee of N100,000, a processing fee of N300,000, a registration fee of N30 million, and a sponsored individual fee of N100,000.

 

 

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 ₦.

 

Check: How do I fund my eNaira wallet; Steps on How To Fund eNaira Wallet From Bank Account

( This Week )

As Ejes Gist News reports, during the first trading day of the week on Monday, May 4, 2022, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦590. Since last Monday, when it opened at ₦578 Naira per dollar, there has been a 2 naira change in the exchange rate.

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First Bank .

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 USD 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.

  • Dollar To Naira Exchange Rate Today

 

Black Market Dollar To Naira Exchange Rate Today Monday, May 16th, 2022

eNaira Currency ,Dollar To Naira Exchange Rate Today

 

The eNaira wallet was launched by the Federal Government, led by Central Bank Governor Godwin Emefiele, to facilitate transactions and support the Naira (₦).

 

Click here to learn more about the eNaira wallet.  eNaira wallet

 

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 is determined by the CBN Governor and monetary policy.

In Nigeria, there is no uniform exchange rate.

Also, visit Ejes Gist News for USD to Naira exchange rate today black market as we will keep you updated with the latest updates on the , Crude,  FX Market.

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