Ejes Gist Newspaper has compiled the Dollar To Naira Exchange Rate Today Black Market, at the Bureau De Change (BDC) rates, as well as official dollar rate and Central Bank of Nigeria (CBN ) rates and can found below
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official dollar rate to naira today, Thursday March 17th, for $1 dollar to naira = ₦414.87/$.
According to data obtained from the FMDQ Security, where forex is officially traded, the naira-to-dollar opened at ₦414.87/$ on Thursday, 17th, after closing at ₦416.07/$1 on Wednesday, March 16th, 2022.
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How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?
The dollar is worth ₦577 naira today at the Lagos Parallel Market (Black Market), according to the current exchange rate, obtained by Ejes Gist Newspaper. The current exchange rate at Bureau De Change (BDC) players buy dollar for ₦570 naira and sell dollar for ₦577, .
The Abokifx Dollar To Naira Black Market
The Central Bank of Nigeria (CBN) does not recognise the black market (also known as the parallel market), and customers who want to trade foreign currencies should contact their local banks.
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at 416.50/$ on Wednesday, March 16th, 2022 and closed at 415.07/$1.
|Dollar to Naira (USD to NGN)||Dollar to naira black market today In Lagos|
Meanwhile, the Nigerian Naira to Dollar parallel Market today in Rivers State March 17th (Parallel Market) sells at ₦577/1$, 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, March 17th, 2022. How much are 100 dollars in Naira?.
|USD Dollar||Conversion of Dollar Naira|
|1 USD||414.87 NGN|
|10 USD||4,148.7 NGN|
|100 USD||41,487 NGN|
So what is the Black Market Exchange Rate in Nigeria Today Range
Dollar to Naira at Black Market Rate Today 17th March, 2022.
The Latest Dollar To Naira Exchange Rate Today range are as follows;
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate in Nigeria range|
|Selling Rate||577 -578|
What is the Black Market Exchange Rate Dollar to Naira yesterday?
Yesterday the Black Market Dollar To naira exchange rate closed at ₦578/$
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Yesterday|
Ukraine joins over 10 other countries to legalise cryptocurrency
In the midst of a conflict with Russia, Ukraine’s President, Volodymyr Zelenskyy, has approved the use of cryptocurrency as an investment and payment option.
Before Zelenskyy signed the regulation into law on Wednesday, the Verkhovna Rada of Ukraine (Supreme Council of Ukraine) had thrown its support behind the legalisation of cryproassetss on February 17, 2022.
Domestic and international cryptocurrency exchanges are now officially legal to operate in Ukraine, which has been under Russian occupation since February 24.
Ukraine made the decision to adopt the digital currency after receiving $100 million in cryptocurrency donations to help fund the government’s anti-Russian efforts.
In February, it was reported that the Ukrainian government was looking for donations in Bitcoin, Ethereum, and USDT. Some of the crypto leaders supporting Ukraine with digital assets include Vitalik Buterin, co-founder of Ethereum, and Sam Bankman-Fried, CEO of FTX.
Apart from approving cryptocurrency exchanges, banks are now required to allow cryptocurrency trading by opening accounts for interested individuals and businesses.
Ukraine’s move comes three weeks after Russia adopted cryptocurrency operations in the midst of their war with their neighbour, despite a regulatory disagreement between the Bank of Russia and the country’s Ministry of Finance.
Ripples In February, the Bank of Russia requested that cryptocurrency be banned in Nigeria, but the Finance Ministry was in favour of the digital asset, which received Russian government support.
The United States, Canada, El Salvador, Australia, Denmark, France, Germany, Iceland, Japan, Mexico, Spain, and the European Union are among the twelve countries and the European Union where bitcoin and cryptocurrency are legal; the United States, Canada, El Salvador, Australia, Denmark, France, Germany, Iceland, Japan, Mexico, Spain, and the United Kingdom.
Since February 2021, cryptocurrency trading has been prohibited in Nigeria. Digital assets are being used by criminals for fraudulent activities, according to the Central Bank of Nigeria (CBN), led by Godwin Emefiele.
Emefiele’s claim has been debunked by the list of countries that have legalised cryptocurrency, with the most recent additions being Ukraine and Russia. However, the CBN has launched Central Bank Digital Currency (CBDC), a government-backed digital asset.
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 ₦.
First Bank current dollar to naira exchange rate.
First of Nigeria Plc Currency Exchange Rate is $1 = ₦498.00
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Zenith bank Dollar to naira exchange rate today.
Zenith Bank Plc Currency Exchange Rate $1 = ₦489.00
Western Union USD to naira exchange rate today.
Western Union Currency Exchange Rate $1 = ₦499.54
Wema bank USD to naira exchange rate today.
Wema Bank Plc Currency Exchange Rate is $1 = ₦497.00.
GTBank USD to naira exchange rate today
GTBank Bank Plc Currency Exchange Rate is $1 = ₦498.0
UBA Bank of Nigeria Currency Exchange Rate $1 = ₦496.01
Access Bank USD to Naira exchange rate today
Access Bank PLC Currency Exchange Rate $1 = ₦499.09.
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.