black market exchange rate
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Nigeria Naira Climbs to N1,535: Black Market Operators Forecast Further Gains to N1,200
The Naira has increased to N1,535 in the official market and N1,555 in the black market, driven by the Central Bank of Nigeria's new Electronic Foreign Exchange Matching System (EFEMS). Black market operators predict further gains, with projections reaching N1,200 for the Naira by next week...- Nigeria News
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- 2 min read
- black market exchange rate central bank of nigeria efems forex system naira appreciation usd to naira exchange rate
- Category: Business
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![Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges](/data/attachments/208/208258-602dbae0e3e86b372bbaa21eb89a7be5.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[13-09-2024]: Naira Drops to N1,665 on Black Market as Dollar Demand Surges
The Nigerian naira fell to N1,665 per dollar on the black market, driven by high demand for travel allowances and school fees. Meanwhile, the naira also dropped 5.5% in the official market. Despite the depreciation, Nigeria’s external reserves grew by $490 million due to recent dollar bond...- Nigeria News
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- 2 min read
- black market exchange rate naira depreciation naira to dollar nigeria forex parallel market rate
- Category: Business
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![Today's Naira Rate[03-09-2024]: Naira Faces Pressure as Black Market Dollar Rate Climbs to N1,635](/data/attachments/207/207915-ea497993bb234d0daa3e0be495e1a2ca.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[03-09-2024]: Naira Faces Pressure as Black Market Dollar Rate Climbs to N1,635
As of September 3, 2024, the black market exchange rate for the US dollar to Nigerian naira reached N1,635. This rate reflects a significant disparity with the Central Bank's official rate of N1,590.42, highlighting ongoing economic challenges and currency volatility in Nigeria's foreign...- Nigeria News
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- 1 min read
- black market exchange rate central bank of nigeria dollar to naira rate nigeria currency volatility
- Category: Business
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![Today's Naira Rate[19-08-2024]: Black Market Dollar to Naira Rate Hits N1,610](/data/attachments/207/207391-3c34e1f818e0f6764b5946575243c176.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[19-08-2024]: Black Market Dollar to Naira Rate Hits N1,610
As of August 18, 2024, the black market exchange rate for the U.S. dollar to the Nigerian naira is N1,605 for buying and N1,610 for selling. In contrast, the Central Bank of Nigeria offers rates of N1,584 for buying and N1,585 for selling dollars. As of August 18, 2024, the black market...- Nigeria News
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- 1 min read
- black market exchange rate dollar to naira exchange rate forex rates
- Category: Business
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![Today's Naira Rate[15-07-2014]: Naira Weakens as USD Exchange Rate Reaches N1550 in Black Market](/data/attachments/206/206147-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[15-07-2014]: Naira Weakens as USD Exchange Rate Reaches N1550 in Black Market
Discover today's USD to NGN black market exchange rate, where buyers purchase dollars at N1550 and sellers sell at N1575, contrasting with CBN's official rates. Stay informed on currency fluctuations. Today, the black market exchange rate for the US Dollar (USD) to Nigerian Naira (NGN) stands...- Nigeria News
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- 1 min read
- black market exchange rate naira depreciation usd to ngn exchange rate
- Category: Business
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![Today's Naira Rate[09-07-2014]: CBN Faces Challenge as Black Market Dollar Rate Climbs to N1520](/data/attachments/205/205953-3c44473101cfdb95816e4fca0635f7db.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[09-07-2014]: CBN Faces Challenge as Black Market Dollar Rate Climbs to N1520
Discover today's black market exchange rates for USD to NGN in Lagos, where buying stands at N1520 and selling at N1530. Despite CBN efforts to regulate forex through official channels, the parallel market shows volatility, reflecting economic policies and global trends. Today, the black market...- Nigeria News
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- 1 min read
- black market exchange rate black market rates forex nigeria lagos bureau de change rates parallel market usd ngn usd to ngn
- Category: Business
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![Today's Naira Rate[27-06-2014]: Travel Demand Drives Naira Down to N1,520/$ on Black Market](/data/attachments/205/205523-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate[27-06-2014]: Travel Demand Drives Naira Down to N1,520/$ on Black Market
The Nigerian naira weakened by 1.32% to N1,520/$ on the black market amid heightened travel demand. Meanwhile, at NAFEM, it traded at N1,507.83/$, down 0.47%. The CBN's decision to end the Price Verification System Portal aims to streamline forex operations amid market fluctuations. The...- Nigeria News
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- 1 min read
- 520 to usd black market exchange rate cbn forex policies forex market update nigerian naira
- Category: Business
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![Today's Naira Rate[24-06-2014]: Naira Exchange Rate in Black Market Hits N1500 Per Dollar](/data/attachments/205/205418-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate[24-06-2014]: Naira Exchange Rate in Black Market Hits N1500 Per Dollar
Find the dollar-to-naira exchange rate in the black market for June 23, 2024. Bureau De Change operators in Lagos report buying at N1495 and selling at N1500, compared to CBN's official rates of N1482 and N1483. Rates may vary. The dollar to naira exchange rate in the black market (also known...- Nigeria News
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- 1 min read
- 2024 exchange rate black market exchange rate bureau de change rates dollar to naira exchange rate
- Category: Business
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![Today's Naira Rate[13-06-2014]: Naira Pressure Continues as Dollar Exchange Rate Hits ₦1490 in Parallel Market](/data/attachments/205/205152-147ab142f8cf48479284e57b3d23fc38.jpg?hash=FHqxQvjPSE)
Nigeria Today's Naira Rate[13-06-2014]: Naira Pressure Continues as Dollar Exchange Rate Hits ₦1490 in Parallel Market
Find out the latest Dollar to Naira exchange rates in the black market (Aboki fx) for June 16th, 2024. Dollar to Naira exchange rates at Lagos Parallel Market show buying at ₦1485 and selling at ₦1490. Stay informed about the discrepancies between the black market and official CBN rates. The...- Nigeria News
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- 2 min read
- aboki fx black market exchange rate bureau de change dollar to naira exchange rate june 16th 2024 exchange rates parallel market rates
- Category: Business
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![Today's Naira Rate [05-06-2024]: Naira Maintains Flat Rate of N1,495 per Dollar on Parallel Market](/data/attachments/204/204728-8457c57119a478bc5717b11aa4a694ef.jpg?hash=hFfFcRmkeL)
Nigeria Today's Naira Rate [05-06-2024]: Naira Maintains Flat Rate of N1,495 per Dollar on Parallel Market
The Nigerian naira remains steady at N1,495 per dollar on the black market, indicating marginal variation from the previous rate. Despite fluctuations in demand and supply, the currency's stability amidst global economic challenges draws attention. The Nigerian naira held its ground at an...- Nigeria News
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- 1 min read
- black market exchange rate dollar to naira exchange rate stability foreign currency reserves nigerian naira
- Category: Business
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![Today's Naira Rate [15-04-2024]: Nigerians Await Economic Relief as Naira Nears 1,000/$](/data/attachments/202/202858-6e202405f2f497d63440ce71bc64dc98.jpg?hash=biAkBfL0l9)
Nigeria Today's Naira Rate [15-04-2024]: Nigerians Await Economic Relief as Naira Nears 1,000/$
Nigeria's currency, the Naira, is poised on the brink of a significant milestone, edging closer to the 1,000 Naira to 1 US dollar mark on the black market, as it surged to N1,115 on Monday, with some traders quoting rates as high as N1,118 and N1,120. This surge follows a four-month high of...- Nigeria News
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- 1 min read
- black market exchange rate cbn central bank of nigeria dollar-naira exchange rate economic stability foreign exchange reforms monetary policy rate (mpr) naira appreciation
- Category: Business
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