Dollar To Naira Exchange Rate Today Black Market 18th November 2021

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

Here is the news about the Today Black Market at the official and Parallel market exchange rates today, November 18, 2021.

Read the latest news from Ejes Gist News on the 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?

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The official rate today, Thursday November 18, for $1 dollar to naira = ₦413.19/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, exchange rate between the naira and the US dollar opened at ₦413.19/$1 on Thursday 18, after it closed at ₦415.10 to a $1 on Wednesday, 17 November 2021.

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

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) for today, Thursday, November 18th sells at N540/1$, according to sources at Bureau De Change (BDC).

Please be aware that the Central Bank of Nigeria (CBN) does not recognise the parallel market (black market), and has advised individuals interested in trading in foreign exchange to contact their respective banks.

Trading at the NAFEX official window

The exchange rate between the naira and the US dollar opened at ₦413.19/$1 on 18th November 2021 after closing at ₦415.10/$1

Dollar to Naira (USD to NGN) Black Market Exchange Rate In Lagos
Buying 530
Selling 540

Click Here To See All Daily Black Market Exchange Rate Today


Port Harcourt


The Nigerian Naira to Dollar parallel Market today in Rivers State November 17th (Parallel Market) sells at ₦545/1$, according to sources at Bureau De Change (BDC).


Dollar to Naira (USD to NGN) Black Market   in Port Harcourt
Buying Rate 535
Selling Rate 545

 


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


The exchange rate between the naira and the US dollar opened at ₦414.55/$ on 16th November 2021 and closed at ₦415.10/$. This represents a change of 0.04% Compare to previous day.

Convert US Dollar to Nigerian Naira Today, November 18th 2021. How much are 100 dollars in Naira? 

USD Dollar Conversion of Dollar Naira 
1 USD 413.19 NGN
5 USD 2,065.95 NGN
10 USD 4,131.9 NGN
25 USD 10,329.75 NGN
100 USD 41,319  NGN

 

Black Market Exchange Rate in Nigeria Today Range


Rate Today 18th November  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 530- 540
Selling Rate 540- 560

Dollar To Naira Exchange Rate Today Black Market

xchange Rate of Dollar to Naira yesterday Black Market  Closed at ₦540/$

Dollar to Naira (USD to NGN) Black Market Exchange Rate Yesterday
Buying Rate 535
Selling Rate 540

 

According to FMDQ data, the total value of forex transactions is $298.88 million.

Meanwhile, the federal has released and refunded over N1.95 trillion to departments and agencies (MDAs) as part of the implementation of the 2020 federal budget plan.

According to Ejes Gist correspondent, this information was contained in the Fiscal Responsibility Commission’s (FRC) annual report and audited financial statements for the year 2020.

According to the report, the budgeted N2.7 trillion for capital expenditure in 2020, but actual total capital expenditure for the year was N1.6 trillion, N436.25 billion or 37.48 percent higher than the previous year’s total capital expenditure of N1.6 trillion.

 

As stated in the report, the government has given particular attention to reforms in key sectors of the economy and the provision of critical infrastructure, including highways and electricity transmission lines as well as housing and rail lines and airports, as well as to the provision of physical and food security.

Specifically, it revealed that N1.96 trillion (excluding capital expenditure for statutory transfer, capital expenditure of the top ten GOEs, and projected loans) was allocated to capital expenditure in the previous year’s budget.

Black Market 18th November 2021

“The national lockdown that was imposed in order to contain the spread of COVID-19 had a significant impact on the implementation of capital projects/programmes in the 2020 budget,” according to the Commission’s statement. N1, 949.94 billion was released and cash-backed to MDAs for the implementation of the 2020 capital projects/programs,’ according to the statement.

 

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

Ejes Gist News reports, the USD began this week at ₦540 in the Parallel Market, often known as the Black Market, on Monday, November 15, 2021. Compared to last week Monday, when it opened at 560 Naira per dollar, there has been a 20 Naira move.

The Naira to USD exchange rate from a Nigerian bank is shown here. This is how they convert dollars to nairas in Nigeria.

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First of Nigeria Plc Currency Exchange Rate is $1 = ₦481.12

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Zenith bank Dollar to naira exchange rate today.

Zenith Bank Plc Currency Exchange Rate $1 = ₦481.45

Western Union USD to naira exchange rate today.

Western Union  Currency Exchange Rate $1 = ₦484.04

Wema bank USD to naira exchange rate today.

Wema Bank Plc Currency Exchange Rate is $1 = ₦481.00.

GTBank dollar to naira exchange rate today

GTBank Bank Plc Currency Exchange Rate is $1 = ₦482.2

today.

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

Access Bank Dollar to Naira exchange rate today

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

 

eNaira Currency ,Dollar To Naira Exchange Rate Today

 

The Federal Government, 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

Forex turnover is $62.53 million, according to data from FMDQ.

Meanwhile, Rep. Benjamin Kalu, the House of Representatives’ spokesperson, has urged all levels of government to provide the infrastructure needed to promote Nigeria’s Small and Medium Enterprises (SMEs).

He said this, according to Naija News, while speaking to exhibitors at the 8th made-in-Aba trade fair in Abuja on Tuesday.

Speaking at the event, Kalu stated that SMEs would benefit from the availability of electricity and production machines.

The legislator praised the artisans for exhibiting high-quality goods at the trade show and urged them to continue to be good ambassadors for the made-in-Aba brand.

He emphasised the importance of Nigerians buying locally made goods, describing it as a surefire way to boost SMEs in the country.

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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