Latest Dollar To Naira Exchange Rate Today, 20th November 2021

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Dollar to Naira Black Market Exchange Rate Today

Here is the for this week: can be accessed Here at Ejes Gist News

The exchange rates for this week, Monday November 5th to Friday November 19th, have been compiled by Ejes Gist News so that our readers can easily access all of the rates.

The daily , also known as the black market or parallel market, and the CBN official change rates were published by Ejes Gist News.

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Every day of the week, we compile exchange rates so that our readers can easily access the rates at which the American dollar is being exchanged against the Nigerian naira on a daily basis throughout the week.

 

Below are the dollar to naira exchange rate for each of the days during the week…

 

Naira Crashes By 2.8% At Parallel Market, See New Exchange Rate

Naira has crashed y 2.8% at Parallel Market, See New Exchange Rate below.

Report by Ejes Gist News, confirmed the naira depreciated against the dollar in the parallel section of the foreign exchange market on Friday.

On Friday, Bureaux De Change (BDC) operators in Lagos told Ejes Gist News Nigeria that at the street market, the naira was worth N545 per dollar.

When compared to the N530 it traded last week, this represents a N15 or 2.8 percent depreciation.

 

Black Market Dollar To Naira Exchange Rate Today 19th November 2021

 

Black market  19th November 2021 can be accessed below.

 

IMPORTANT NOTE: The exchange rate fluctuates hourly, depending on the amount of dollars available and the Demands. What this means is that you can buy or sell a dollar for $547, and the price can change (high or low) in a matter of hours.

The in Nigeria today, including Black Market rates, Bureau De Change (BDC) rates, and CBN rates, has been obtained by Ejes Gist News.

November 19 dollar to naira official market exchange rate: $1 dollar to naira =₦413.55

 

Naira Falls Against Dollar At Black Market

Ejes Gist News  reports that the Nigerian official currency, Naira has fallen weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.

According to this online news platform, a survey conducted last week at the Bureau De Change (BDC) market in Wuse Zone 4 in Abuja, Nigeria’s capital, and the Ogba area of Lagos, Nigeria’s commercial city, revealed that the Naira traded between N525 and N530 per $1.

 

Why Naira Is Gaining Against US Dollar At The Black Market 

Report by Ejes Gist News, affirmed the Naira strengthened against the US dollar last week on the black market, reaching a 2-month high of N535/$1 and narrowing the gap between the parallel and official rates; the uptick was fueled by a significant drop in demand for foreign exchange on the black market…Click Here to Continue reading 

 

Naira Gains massively At Black Market

 

Ejes Gist News  reports that Naira has launched a sustained recovery at the parallel market, gaining N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.…..Read More….

 

Black Market Dollar To Naira Exchange Rate Today 16th November 2021

 

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

November 16 dollar to naira official market exchange rate: $1 dollar to naira =₦414.55……Read More Here

 

Black Market Dollar To Naira Exchange Rate Today 15th November 2021

Ejes Gist News  has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates….. Continue Reading More

 

Dollar Bounce After Free Fall Against Naira At Black Market

Ejes Gist News  reports that the US dollar gained on Friday evening, November 13, 2021 as the dollar closed the day at ₦540 with a gain of ₦10 at the parallel market also known as the black market after a “major fall”……Read More….

 

Dollar Crashes To Lowest Against Naira Since CBN Banned

 

Ejes Gist News  reports that the US dollar crashed on Thursday, November 11, 2021 as Naira opened the day at ₦535 with a massive gain of ₦20 at the parallel market also known as the black market…..Read More…

 

Naira Rises Massively As Analysts Make Fresh Anticipation

Naira has risen massively as analysts anticipate devaluation at Investors Window.

 

 

Ejes Gist News  reports that Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively overpriced local currency, thus expecting further devaluation at Investors and Exporters foreign exchange rate window.

According to data from the FMDQ Exchange platform, the Naira traded at N414.30 to the dollar in the Investors and Exporters window, up 0.2 percent from the previous high.

 

While the country’s external reserves have grown significantly as a result of a $4 billion inflow from foreign currency borrowings and a $3.5 billion inflow from special drawing rights, the naira has been under pressure, briefly crossing N420 at the foreign exchange window for investors and exporters.

 

According to Cordros Capital in a macroeconomic note, Nigeria’s foreign currency reserves ended a ten-week streak of growth this week, closing lower by $102.20 million week on week to $41.73 billion.

 

The foreign exchange rate has deteriorated in the parallel market since the central bank banned weekly dollar supply to bureau de change operators in July. Despite rising oil prices on the global market, however, low dollar supply has persisted.

 

Naira Gains Massively As Dollar Crashes At Black Market

With the dollar’s depreciation on the black market, the Naira has risen dramatically.
According to Ejes Gist News report,  the official currency of the United States, the dollar, crashed at the parallel market, also known as the black market, on Monday, November 1, trading at 565 per dollar with Bureau De Change (BDC) operators buying at 555 per dollar as at 9:15 a.m. in the Lagos market, as observed by Ejes Gist News Nigeria reporters who visited the market on Monday morning.

Dollar Commerce November On Free Fall Against Naira At Black Market

On the black market, the dollar has started November with a free fall against the naira.
According to Ejes Gist News, the official currency of the United States, the dollar, crashed at the parallel market, also known as the black market, on Monday, November 1, trading at 565 per dollar with Bureau De Change (BDC) operators buying at 555 per dollar as at 9:15 a.m. in the Lagos market, as observed by Ejes Gist News Nigeria reporters who visited the market on Monday morning.

Check back tomorrow for the most up-to-date dollar-to-naira exchange rate. Other stories can be found by visiting www.ejesgist.com

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