Good Day, Here is what you need to know about the Dollar To Naira Exchange Rate Today Black Market at the official and Parallel market exchange rates today, December 4th , 2021.
Read for free 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.
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 ₦.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The official rate today, Saturday December 4th , for $1 dollar to naira = ₦414.07/$.
According to the data at the FMDQ Security where forex is traded officially, exchange rate between the naira and the USD opened at ₦414.07/$1 on Saturday 4th , after it closed at ₦414.73 to a $1 on Friday, 3rd December 2021.
Abokifx Exchange Rate In Nigeria Today Black Market
How much is exchange rate of Dollar to Naira in Black Market today in Nigeria?
The exchange rate for the US dollar to naira at Lagos Parallel Market (Black Market) for today, Saturday morning, December 4th , players buy a dollar for ₦555 and sell for ₦558 according to sources at Bureau De Change (BDC).
The Abokifx Dollar To Naira Black Market
Please note that the Central Bank of Nigeria (CBN) does not recognize the black market (also known as the parallel market) and recommends that individuals interested in trading foreign exchange contact their local banks.
Trading at the NAFEX official window (CBN Exchange rate Dollar to naira )
The exchange rate between the naira and the USD opened at ₦414.79/$ on 3RD December 2021 and closed at ₦414.73/$1.
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate In Lagos|
Dollar To Naira Today Black Market Port Harcourt
The Nigerian Naira to Dollar parallel Market today in Rivers State December 4th (Parallel Market) sells at ₦558/1$, according to sources at Bureau De Change (BDC).
Aboki Exchange Rate In Nigeria Today 2022
|Dollar to Naira (USD to NGN)||Black Market USD To Naira Exchange Rate Today in Port Harcourt|
Convert US Dollar to Nigerian Naira Today, December 4th 2021. How much are 100 dollars in Naira?
|USD Dollar||Conversion of Dollar Naira|
|1 USD||414.07 NGN|
|10 USD||4,140.7 NGN|
|100 USD||41,407 NGN|
Dollar to Naira Black Market Rate Today 4th 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||552- 555|
|Selling Rate||558 – 560|
xchange Rate of Dollar to Naira yesterday Black Market Closed at ₦560/$
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|
Nigeria’s foreign reserve fell $633.47 million in November 2021, closing the month at $41.19 billion as of November 30th, 2021. This is according to the most recent figures obtained from the Nigerian Central Bank (CBN).
The country’s foreign reserve has been steadily declining throughout November, starting at $41.82 billion on October 30th, 2021 and ending at $41.19 billion on November 30th, 2021. This represents a 1.51 percent decrease in foreign reserves.
Nigeria’s reserves increased dramatically in October, receiving an additional $5.99 billion in proceeds from a $4 billion Eurobond issued by the federal government in September and a $3.35 billion SDR allocation from the International Monetary Fund (IMF), bringing our reserves above the $40 billion mark.
Dollar To Nigerian Currency Exchange Rate Today Black Market 4th December 2021
What you should know about foreign reserves.
Foreign reserves are assets held on reserve by a monetary authority in foreign currencies, according to the Central Bank of Nigeria. These reserves are used to sway monetary policy decisions. Foreign banknotes, deposits, Treasury bills, deposits, and other government securities fall into this category.
International reserves, according to the International Monetary Fund (IMF), are foreign assets that are available to and controlled by a country’s monetary authorities.
Nigeria’s external reserve is critical for the naira’s defense and is used to cover the country’s massive import bills. An increase in the external reserve indicates a rise in crude oil earnings, foreign investor inflows, and external loans.
Dollar To Naira Exchange Rate Today Black Market ( This Week )
Ejes Gist News reports, during the first trading day of the week on Monday December 29, 2021, in the Parallel Market, also known as the Black Market, the USD opened the week at ₦558. Since last Monday, when it opened at 560 Naira per dollar, there has been a 2 Naira change in the exchange rate.
This is the Naira to US Dollar exchange rate provided by a Nigerian financial institution. Nigerians use this method to convert dollars into nairas.
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 dollar 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 Dollar 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 daily Naira to dollar exchange as we will keep you updated with the latest updates on the FX Market.