Here is the Latest Dollar To Naira Exchange Rate Today Black Market at the official and Parallel market exchange rates today, Monday, May 16th, 2022.
The latest news on 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 can be accessed here on Ejes Gist Newspaper
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
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.
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 ₦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 Abokifx Dollar To Naira Black Market
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.
Read Also : ASUU strike update Today Monday May 16 2022
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at ₦416.52/$ on 13th May 2022 and closed at ₦416.87/$1.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate In Lagos |
| Buying | 585 |
| Selling | 590 |
Click Here To See All Daily Dollar to Naira exchange rate today black market
Dollar To Naira Today Black Market Port Harcourt
The Nigerian Naira to Dollar parallel Market today in Rivers State May 16th (Parallel Market) sells at ₦595/1$, according to sources at Bureau De Change (BDC).
Aboki Exchange Rate In Nigeria Today 2022
| 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
Dollar to Naira Black Market Rate Today 16th May 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 |
| Buying Rate | 585- 590 |
| Selling Rate | 590 – 595 |
xchange Rate of Dollar to Naira yesterday Black Market Closed at ₦595/$
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 |
| Buying Rate | 585 |
| Selling Rate | 590 |
Despite Nigeria’s prohibition on cryptocurrency 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.
Black Market Dollar To Naira Exchange Rate Today 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
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, 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.
Read : Latest JAMB News: List Of Ban Items as JAMB gives instructions on biometric verification
First Bank current dollar to naira exchange rate.
First of Nigeria Plc Currency Exchange Rate is $1 = ₦480.00
Pay Attention To eNaira Speed Wallet Download Link – How To Sign Up
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
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 CBN Nigeria Exchange Rate 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 Naira To Dollar Exchange Rate Today, Crude, FX Market.
