The Dollar To Naira Exchange Rate at Black Market, official and Parallel market exchange rates today, Friday, February 25th 2022.
Get the latest news from Ejes Gist Newspaper 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 dollar rate to naira today, Friday February 25th, for $1 dollar to naira = ₦414.89/$.
According to data from the FMDQ Security, where forex is officially traded, the naira-to-dollar opened at ₦414.89/$ on Friday , 25th, after closing at ₦416.25/$1 on Thursday, February 24th, 2022.
Abokifx Exchange Rate In Nigeria Today Black Market
How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?
The dollar is worth ₦570 naira today at the Lagos Parallel Market (Black Market), according to the current exchange rate. Players buy a dollar for ₦565 naira and sell a dollar for ₦570, according to the current exchange rate at Bureau De Change (BDC).
The Central Bank of Nigeria (CBN) does not recognize the black market (also known as the parallel market), and customers who want to trade foreign currencies should contact their local banks.
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at ₦415.43/$ on 24th February 2022 and closed at ₦416.25/$1.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate In Lagos|
The Nigerian Naira to Dollar parallel Market today in Rivers State February 25th (Parallel Market) sells at ₦563/1$, 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, February 25th 2022. How much are 100 dollars in Naira?
|USD Dollar||Conversion of Dollar Naira|
|1 USD||414.89 NGN|
|10 USD||4,148.9 NGN|
|100 USD||41,489 NGN|
Dollar to Naira Black Market Rate Today 25th February, 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|
|Selling Rate||568 -570|
xchange Rate of Dollar to Naira yesterday Black Market Closed at ₦568/$
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Yesterday|
Russia’s invasion of Ukraine’s territory is favouring Gold, while dragging bitcoin down, as investors’ confidence dropped in the cryptocurrency market, but rose in the traditional asset.
The price of a gold ounce hit its highest level this year in the early hours of Thursday, with investors trading at $1,949.80. This increased the asset’s year-to-date growth to +8.23%.
Following the bullish run of bitcoin since the outbreak of COVID-19 two years ago, gold gained $148.4 in one month and 24 days, after taking a back seat in the last two years.
Although the price of a gold ounce has dropped -0.2 percent from its high of $1,949.80 in the last 24 hours, the growth reported today was sufficient to reflect the migration of crypto investors to the Gold market.
With investors switching asset classes, bitcoin has been hit by the ripple effect of the migration sparked by Russian President Vladimir Putin’s announcement that Russia will launch a “special military operation” in Ukraine.
This has prompted a sell-off among bitcoin holders looking for a safe haven asset to protect their investment, resulting in a -8.24 percent drop in BTC, which is now valued at $35,658.50 at the time of filing this report.
As gold prices rise, bitcoin prices fall, depreciating by -23 percent year-to-date, with the market (BTC holders) losing $10,653.24 between January and February of this year.
The likelihood of the sell-off extending into March is high, given reports of an explosion and a firefight in Ukraine, as Russia presses forward despite sanctions from the United Kingdom, the United States, Japan, and Canada, with NATO also expected to intervene.
The looming conflict between Ukraine and Russia is expected to have a negative impact on asset classes and securities markets, but gold appears to be weathering the storm, as it usually does during wartime.
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 Friday , February 14, 2022, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦560. Since last Friday , 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 = ₦490.00
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Zenith Bank Plc Currency Exchange Rate $1 = ₦488.00
Western Union USD to naira exchange rate today.
Western Union Currency Exchange Rate $1 = ₦499.04
Wema bank USD to naira exchange rate today.
Wema Bank Plc Currency Exchange Rate is $1 = ₦490.00.
GTBank USD to naira exchange rate today
GTBank Bank Plc Currency Exchange Rate is $1 = ₦491.0
UBA Bank of Nigeria Currency Exchange Rate $1 = ₦490.01
Access Bank USD to Naira exchange rate today
Access Bank PLC Currency Exchange Rate $1 = ₦489.09.
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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.