Black Market Dollar To Naira Exchange Rate Today Monday, April 11, 2022

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

What is the Dollar To Naira Exchange Rate Today Black Market at the official and Parallel market exchange rates today, Monday, April 11th, 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  Exchange Rate Today Official Rate?

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The official rate today, Monday April 11th, for $1 = ₦415.62/1$.

According to data from the FMDQ Security, where forex is officially traded, the naira-to-dollar opened at ₦415.62/1$ on Monday, April 11th, after closing at ₦415.72/1$ on Sunday, April 10th, 2022.

Black Market

 

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

The dollar is worth ₦587 naira today at the Lagos Parallel Market (Black Market), according to the current exchange rate. Players  buy a dollar for ₦580 naira and sell a dollar for ₦587, according to the current exchange rate at Bureau De Change (BDC).

The

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.

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Trading at the NAFEX official window ( )

The exchange rate between the naira and the USD opened at ₦415.52/$ on 10th April 2022 and closed at ₦415.72/$1.

Dollar to Naira (USD to NGN)
Buying 580
Selling 587

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The Nigerian Naira to Dollar parallel Market today in Rivers State April 11th (Parallel Market) sells at ₦587/1$, 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 580
Selling Rate 587

 

Convert US Dollar to Nigerian Naira Today, April 11th 2022. How much are 100 dollars in Naira? 

USD Dollar Conversion of Dollar Naira 
1 USD 415.62 NGN
10 USD 4,156.2 NGN
100 USD 41,562 NGN

 

Black Market Exchange Rate in Nigeria Today Range


Today 11th April  2022. The .


Dollar to Naira (USD to NGN) Black Market Exchange Rate in Nigeria  range
Buying Rate 578- 580
Selling Rate 585 – 587

Dollar To Naira Exchange Rate Today Black Market

xchange Rate of Dollar to Naira yesterday  Black Market  Closed at ₦588/$

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Dollar to Naira (USD to NGN) Black Market Exchange Rate Yesterday
Buying Rate 584
Selling Rate 589

 

Despite the Central Bank of Nigeria’s multiple interventions to defend the Naira, the currency fell by N22 in the first quarter of 2022.

Black Market Today Mon, April 4, 2022

As of December 2021, person to business (P2B) transactions accounted for 90% of transactions on the eNaira platform, according to PricewaterhouseCoopers (PwC), as it topped retail Central Bank Digital Currency (CBDC) projects around the world.

The eNaira was ranked alongside the Sand Dollar of the Central Bank of the Bahamas, which was the first CBDC created by a government, in a PwC digital currency industry report titled; 2022 CBDC Global Index and Stablecoin Overview.

According to the audit firm, eNaira received 700,000 downloads from 160 countries, with 666,000 eNaira speed wallets created, but only 35,000 transactions.

Person-to-business and business-to-person transactions accounted for 90% of these transactions, according to an industry report published on April 5, 2022.

Black Market Today Monday, April 11, 2022

This, however, contradicts CBN governor Godwin Emefiele’s January statement that the person-to-bank and bank-to-person segments accounted for 90% of the platform’s transactions.

According to Ejes Gist Newspaper, the governor of the Central Bank of Nigeria (CBN) stated after the apex bank’s Monetary Policy Committee (MPC) meeting three months ago that person-to-merchant and bank-to-merchant transactions accounted for 10% of all transactions.

“Retail projects in the Index are led by the Central Bank of Nigeria’s (CBN) eNaira, Africa’s first CBDC, and the Sand Dollar, issued as legal tender by the Central Bank of the Bahamas in October 2020, making the Bahamas the first country to launch a CBDC,” according to the PwC report.

“With the digital yuan, China became the first major economy to pilot a CBDC in 2020, and as of March 2022, pilot programmes are running in 12 cities, including Beijing and Shanghai,” the report said.

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, April 4, 2022, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦580. 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 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.

 

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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