Dollar To Naira Exchange Rate Today 3 November 2021: See Black Market & CBN Official Rate

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Check Today’s rate, | & CBN exchange rate Today Wednesday, November 3rd, 2021 Black market exchange rate today – Dollar To Naira Exchange Rate Today Black Market has been released

This is the latest news on the Dollar to Naira exchange rate at the official and black market rates on November 3rd, 2021.

Ejes Gist News has obtained the CBN official USD to the naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates

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How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official Naira To dollar Rate Today, November 3rd, 1 dollar to naira = ₦413.76/$1.

According to the data obtained at the FMDQ Security Exchange, the platform where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦413.76/$1 on Wednesday November 3rd, after it closed at ₦415.07 to a $1  on Monday 2nd  November 2021.

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The Black Market Currency  Exchange Rate in Lagos Today Wednesday, November 3rd  (Parallel Market) sells at ₦555/1$, according to sources at Bureau De Change (BDC).

Dollar to Naira (USD to NGN) Black Market Exchange Rate In Lagos
Buying 555
Selling 560

Dollar To Naira Today Black Market Port Harcourt


The Nigerian Naira to Dollar parallel Market today in Rivers State November 3rd (Parallel Market) sells at ₦550/1$, according to sources at Bureau De Change (BDC).


Dollar to Naira (USD to NGN) Black Market Exchange Rate Today in Port Harcourt
Buying Rate 550
Selling Rate 560

 

“Please keep in mind that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), and has directed individuals interested in Forex to contact their respective banks.

Black Market


Please Note The exchange rate changes hourly… depending on the volume of Dollars available and the Demands.

What it means is that…you can buy or sell dollars for ₦570 and the price can change  ( High or low ) Within hours.

There is no fixed price in dollar To Naira Exchange Rate in Nigeria as of today.


Trading at the official I & E Rate (USD) – NAFEX window Yesterday


The exchange rate between the naira and the US dollar opened at ₦ 414.26/$1 on 2nd November 2021 and closed at ₦415.07/$1. This represents a change of 0.06%

Convert US Dollar to Nigerian Naira Today Wednesday, November 3rd 2021. How much are 100 dollars in Naira? 

USD Dollar Conversion of Dollar Naira 
1 USD 413.76 NGN
5 USD 2,068.8 NGN
10 USD 4,137.6 NGN
25 USD 10,344 NGN
100 USD 41,376 NGN

 

Black Market Exchange Rate in Nigeria Today Range


Today 3rd November  2021. The .


Dollar to Naira (USD to NGN) Black Market Exchange Rate in Nigeria  
Buying Rate 550- 555
Selling Rate 560 – 565

 

xchange Rate of Dollar to Naira yesterday Black Market

Dollar to Naira (USD to NGN) Black Market Exchange Rate Yesterday
Buying Rate 560
Selling Rate 570

 

Ejes Gist News reports that the Naira To  Usd Black Market  on November 2nd (Parallel Market) Seller sells at ₦57/1$ while Buyer Buys at ₦565.

Check: How do I fund my eNaira wallet; Steps on How To Fund eNaira Wallet From Bank Account

Ejes Gist News reports that the USD started this week at ₦572 in Parallel Market also known as Black Market on Monday morning, November 1st, 2021. A change of 2 dollars compared to last week Monday when it opened at ₦570 per dollar.

Below is Nigeria’s bank’s Naira to Dollar exchange rate. This is how they exchange dollars for Nigerian Nairas.

First Bank .

First of Nigeria Plc Currency Exchange Rate is $1 = ₦480.05

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Zenith bank Dollar to naira exchange rate today.

Zenith Bank Plc Currency Exchange Rate $1 = ₦482

Western Union dollar to naira exchange rate today.

Western Union  Currency Exchange Rate $1 = ₦480.04

Wema bank USD to naira exchange rate today.

Wema Bank Plc Currency Exchange Rate is $1 = ₦480.00.

GTBank dollar to naira exchange rate today

GTBank Bank Plc Currency Exchange Rate is $1 = ₦480.09.

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UBA Bank of Nigeria Currency Exchange Rate $1 = ₦480.01

Access Bank PLC Currency Exchange Rate $1 = ₦480.09.

Meanwhile, the Central Bank of Nigeria, CBN, has announced that money lending institutions will begin automatically debiting chronic debtors’ bank accounts.

According to a statement released by the apex bank and the National Bureau of Statistics, the move was made to drastically reduce the industry’s growth of non-performing loans.

According to the statistics released, NPLs in banks decreased slightly from N1.2 trillion at the end of the second quarter of 2020 to N1.1 trillion at the end of July 2021.

To avoid further negative consequences for financial institutions, Deposit Money Banks have decided to use the auto-debit system to recover debts owed by chronic debtors from their accounts.

 

eNaira Currency ,Dollar To Naira Exchange Rate Today

 

The Federal , led by Central Bank Governor Godwin Emefiele, has launched the eNaira wallet for easy transactions and to strengthen the Naira (₦).

You can know more about the eNaira wallet by clicking  eNaira wallet

If you will recall, the Governor of the central bank of Nigeria has blamed the current and constant fall of the Naira against the United States dollar, USD, on AbokiFX.com‘s daily Dollar To Naira On Black Market Today update.

AbokiFX.com was helping to know what USD to Naira was today in the black market before Godwin Emefiele ordered that the founder of the (abokifx.com) be arrested.

For those who are unaware, the Dollar to Naira Black Market Exchange rate is not the official rate…But it is the amount you pay to get a dollar when the official window is not accessible or available to you.

The USD to Naira Black Market Calculator depends on the volume of dollars available in the black market.

Disclaimer:  The USD to Naira today black market is determined by supply and demand, while the CBN Nigeria Exchange Rate today is determined by the CBN Governor and monetary policies.

In Nigeria, there is no uniform exchange rate.

Also, visit Ejes Gist News for daily Naira to dollar exchange as we will keep you updated with the latest updates on the FX Market.

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