The Dollar To Naira Exchange Rate Today Black Market at the official and Parallel market exchange rates today, Wednesday , December 22nd 2021.
Here is the latest news from Ejes Gist News 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 rate today, Wednesday December 22nd , for $1 dollar to naira = ₦414.04 /$.
According to data from the FMDQ Security, where forex is officially traded, the naira-to-dollar opened at ₦414.04/$ on Wednesday, 22nd , after closing at ₦415.10/$1 on Tuesday , December 21st, 2021.
Abokifx Exchange Rate In Nigeria Today Black Market
How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?
The dollar is worth ₦570 naira today at the Lagos Parallel Market (Black Market), according to the current exchange rate. Players buy a dollar for ₦565 naira and sell a dollar for ₦570, according to the current exchange rate at Bureau De Change (BDC).
The Abokifx Dollar To Naira Black Market
The Central Bank of Nigeria (CBN) does not recognize the black market (also known as the parallel market), and customers who want to trade foreign currencies should contact their local banks.
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at ₦413.86/$ on 21st December 2021 and closed at ₦415.10/$1.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate In Lagos|
Dollar To Naira Today Black Market Port Harcourt
The Nigerian Naira to Dollar parallel Market today in Rivers State December 22nd (Parallel Market) sells at ₦570/1$, 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, December 22nd 2021. How much are 100 dollars in Naira?
|USD Dollar||Conversion of Dollar Naira|
|1 USD||414.04 NGN|
|10 USD||4,140.4 NGN|
|100 USD||41,404 NGN|
Dollar to Naira Black Market Rate Today 22nd December 2021. 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||562- 565|
|Selling Rate||570 – 570|
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|
The Federal Government’s $73 million intervention fund for the sugar backward programme will benefit Dangote Sugar, BUA Sugar, and other sugar backward program operators.
On behalf of the government, the Central Bank of Nigeria (CBN) will disburse $73 million to develop sugar sector infrastructure, including irrigation facilities on 10,000 hectares of sugar plantation.
Niyi Adebayo, the Minister of Industry, announced this in Abuja on Monday. The 10,000 hectares of sugar plantations will be spread across six sites in Northern Nigeria, according to reports, as the Federal Government reaffirmed its commitment to the National Sugar Development Master Plan.
“The intervention is the creation of a $73 million irrigation fund for sugar backward intervention program operators,” Adebayo explained.
Black Market Dollar To Naira Exchange Rate Today Wednesday , Dec 22, 2021
“The goal is to support the development of irrigation infrastructure on 10,000 hectares of sugar plantations located in six sites in Adamawa State, Niger State, Lafiagi, Kwara State, Bacita, Kwara State, Toto and Tunga, both in Nasarawa State,” he added.
Aliko Dangote stated in a separate statement on the Dangote blog that if the master plan is followed, Nigeria will save between $600 million and $700 million in forex annually.
According to the minister, the intervention fund aimed to help the government achieve its goal of making Nigeria a self-sufficient sugar producer.
“The goal is to increase sugar yield significantly so that we can work within the National Sugar Development Plan master plan, with the goal of Nigeria becoming self-sufficient in sugar production and possibly becoming a net exporter of sugar, saving the country the large bill that it currently incurs in foreign exchange for sugar importation,” he said.
Trading at the NAFEX official window
Friday, December 17th, 2021: At the official Investors and Exporters (I&E) window, the naira and the US dollar exchange rate closed at N415.07/$1.
On Friday, the naira depreciated slightly against the US dollar, closing at N415.07/$1 versus N415.05/$1 in previous trading sessions. The official market’s forex turnover also fell by 54.4 percent to $151.03 million from $331.11 million the day before.
Similarly, the naira depreciated against the US dollar on Friday, falling 0.09 percent to N573/$1, down from N572.5/$1 in the previous trading session. According to Ejes Gist Naira’s interviews with BDC operators, this is the case.
Nigeria’s foreign reserve fell by 0.04 percent on Thursday, December 16th, to close at $40.69 billion, down from $40.71 billion the day before. The apex bank’s intervention in the official forex market is blamed for the recent drop in the country’s external reserves.
Dollar To Naira Exchange Rate Today : See Black Market Rate & CBN Exchange Rate for December 22nd, 2021
The price of crude oil
Brent crude is currently trading around $70 per barrel, while West Texas Intermediate has already fallen below the $70 per barrel mark, signaling a bearish start to the week. Brent Crude had fallen 3.58 percent to $70.89 per barrel as of press time on Monday.
In a similar vein, West Texas Intermediate fell 3.71 percent to $68.23 per barrel, while Bonny Light fell 2.24 percent to $73.25 per barrel. The OPEC Basket, on the other hand, gained 2.11 percent to $74.66 per barrel at the time of writing this article.
Nigerian crude oil, Brass River crude oil, and Qua Iboe crude oil all began the week with a 0.147 percent gain, trading at $75.1 per barrel.
Reserves from outside sources.
Nigeria’s external reserve fell by 0.04 percent on Thursday, December 16th, 2021, to close at $40.69 billion, a decrease of $16.33 million from the previous day’s figure of $40.71 billion.
The apex bank’s continuous intervention in ensuring the exchange rate’s stability is to blame for the country’s declining reserve level. In the last four trading sessions, the official window exchange rate has remained stable.
It’s worth noting that the country’s foreign reserve increased by $5.99 billion in October as a result of the federal government raising $4 billion through the issuance of Eurobonds on the international debt market.
Nigeria’s external reserve fell by $633.47 million in November, compared to a gain of $5.99 million the previous month and a gain of $2.76 million in September 2021. The reserve level has dropped $496.1 million so far in December, bringing the year-to-date reserve gain to $5.32 billion.
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 Wednesday, December 6, 2021, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦560. Since last Wednesday, 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.
Also, visit Ejes Gist News for Dollar 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.
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