Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N482/$1 on Monday. That is, … Dollar to Naira. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N475/$1 on Friday. I.e $1 = ₦363. • Government market intervention. Naira has Further Clashed To Dollar at the black market. Disclaimer: This…, A few weeks ago, a friend called my attention to pinkoin, a digital asset by InksNation which claims to reduce poverty in the World by…, Do you know that you can get free bitcoin? The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. Naira experiences its biggest daily depreciation against the dollar as it exchanged for N345 to a dollar in the black market today. Also, the Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market on Friday, December 11, 2020, as the CBN’s intervention continues on a record dollar supply. Remember to bookmark this page as the dollar to naira conversion rate will be updated regularly, due to the fluctuation in naira … This is a daily tracker and updated close of business. Forex turnover rose significantly by 180.6% on a record dollar supply, as the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N394.00/$1 during intra-day trading on Thursday, December 10. Chike is a senior member of the Nairametrics Editorial Team. The dollar to naira exchange rate today is so high cause the demand of dollar is greater than the supply in the market. If you’re wondering how possible is that, I’ll reveal several ways to earn free crypto coins…, It seems online advertising can no longer depend on Google’s Adsense for cryptocurrency ads as Ethereum launched a platform for advertisers to reach millions of…, In the last few weeks, bitcoin has been hanging between $18K-$19k, but it has been making significant progress in the last few hours trading at…, Bitcoin price dropped sharply in the past few hours, causing a panic sell-off among some crypto investors. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. This is either misleading news or old one because as at today 8 December,2020 dollar closes at #472 per dollar. I suggest the minister of transportation and finance to address this urgently. Let Nigeria live. Do you know you can actually get solution to your N-power problem by sending your complaint to the official Npower support email address? This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders. Canadian dollar is nicknamed loonies and has the same symbol with the US Dollar … Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. That it on the dollar to naira exchange rate in parallel market and in black market in July, 2020. The FX market is in a constant state of flux, … The average daily forex sale for last week was about $169.93 million, which represents a huge increase from the $34.5 million that was recorded the previous week. The lowest level of Canadian dollar to Naira exchange rate has been recoded above. Share Your Testimonies Here. In 1981, the dollar started to rise against the Lira, and it exceeded 2,800 Lira in September 1992. It neared $20 before falling below $19,000, then…, The trouble isn’t over for Facebook’s Libra Foundation even as it changed its crypto name to  Diem. READ: Max Air, Aero Contractors attribute fare hike to current exchange rate, READ: Naira crashes to new low at Black market as exchange rate closes in on N500/$1, Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. Despite the CBN intervention, the huge demand backlog by manufacturers and foreign investors still puts pressure and creates a volatile situation in the foreign exchange market. Dollar To Naira In Black Market. This corresponds to 7.69% rise compared to previous day. This represents a N7 drop when compared to the N475/$1 that it exchanged for on Friday, December 4. Also, the Naira remained stable against the dollar, closing at N475/$1 at the parallel market on Monday, December 14, 2020, as the CBN’s intervention continues on a record dollar supply. However, the exchange rate against the dollar has remained volatile after the initial gains made, following the CBN’s resumption of sales of dollars to the BDCs. The most trusted platform to get the live exchange rates. This was the same rate that it exchanged for on Thursday, December 4. New Dollar Wallpaper HD. The Naira appreciated marginally against the dollar, closing at N475/$1 at the parallel market. The US dollar closed at ₦470/US$1 in the parallel market. The dollar changes for more there. The rate had also closed at ₦ 470/US$1 on … You can use the comment section to air you view and also the share button to share this post. This is the problem we are currently facing in Nigeria today. These are the prevalent rates for … Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. The CBN has sold over $1 billion to BDCs since they resumed forex sales on Monday, September 7, 2020. This equals to no rise for Dollar to Naira exchange rate for this week so far.. READ: Naira gains big at black market as CBN targets $2 billion monthly from IMTO. The local currency had strengthened by about 7.8% within one week in September at the black market, as the CBN introduced some measures targeted at exporters and importers. The page primary focus is on Canadian dollar to Naira daily black market exchange rate today which includes black market 1 CAD to NGN rate. This was the same rate that it exchanged for on Friday, December 11. He has worked in research and marketing departments of three top commercial banks. Forex turnover dropped by 72.4%, as the Naira’s exchange rate at the NAFEX window remained stable against the dollar to close at N394/$1 during intra-day trading on Monday, December 14. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. The supply of dollars has been on a decline for months due to low oil prices and the absence of foreign capital inflow into the country. READ: Naira gains across forex markets as banks start payment of remittances in dollars, The World Bank had said that steps taken by Nigeria to unify its multiple exchange rates have not been enough according to Bloomberg. Pinkoin is a non-existent digital currency being promoted by Inksnation…, All over the world, a currency can either be strong or weak, depending on many factors and economic policies of such country, financial experts say.…, Summary: We’ll tell you why Kuwait Dinar remains valuable than the US dollar, the most widely circulated and traded currency on forex and why KWD…, A currency is money in paper form (banknotes) or coins backed by law and accepted as a medium of exchange among the people. This rate … Actual … Pounds to Naira. This site uses Akismet to reduce spam. It also sold for as low as N386/$1 during intra-day trading. Daily Naira to Dollar, Euro, Pound, Australian Dollar, Renminbi, Riyal, Turkish Lira, Ringgit, CFA exchange rates for black market, CBN, BDC, Western Union and Moneygram Today’s Naira Black Market Exchange Rates. So, what’s…, Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be interesting and here are the…, The black market exchange rate of the US dollar to Naira in Nigeria early morning of Tuesday, December 15, 2020, was N475/N470 (buy/sell). Euros to Naira. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. Dollar To Naira Exchange Rate Today Black Market {Updated Daily} N470 – buy per $1; N482 – sell per $1; Though in recent days it has been fluctuating, currently at the rate above. It also sold for as low as N384/$1 during intra-day trading. 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