The black market exchange rate of dollar is the price at which vendors operating outside legal banking channels exchange the dollar for Naira – always intending to maximize huge profit. Australian Dollar Facts. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've … Parallel Market: At the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N480/$1 on Monday, according to information from Abokifx, a prominent FX tracking website. August 2020 Black Market Exchange Rate; CBN has devalued the naira as market defies interventions; Naira crashes to lowest at parallel market since 2017; Naira strengthens by 0.29% to N385.00/$ at… Naira continues to weaken at Investors’ Forex market; Naira remains stable at $/N474 at parallel forex market; Naira strengthens against Dollar … It shows the daily results of dollar to naira, pounds to naira and euro to naira rates as seen in the parallel market. The Nigeria black market exchange rate is clearly illustrated in the table below. Forex turnover rose significantly by 379.6%, as the Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394/$1 during intra-day trading on Tuesday, December 1. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. Dec 08, 2020 Senate considers bill to blacklist loan defaulters - PUNCH Dec 08, 2020 China makes digital yuan transfers as easy as using a phone - NIKKIE ASIA Dec 08, 2020 Trade Deficit Expands to a New 4-Year High in Q3 2020 - PROSHARE Dec 08, 2020 Port Congestion Drops By 20% - Shippers Council - DAILY TRUST Dec … Please note that U.S. Dollar exchange rates in the Black Market and exchange companies vary greatly from time to time and from place to place. The continued pressure on the naira was attributed to speculative activities as individual are buying and storing the greenback. Canada is one of the 3 main countries in North America. The local currency traded at N475 to a US dollar on Friday before gaining N2 to N473 on Monday. The averaged exchange rate 375. The black market, Aboki change rate, or parallel market can be used interchangeably as they all mean the same thing. The dollar to naira black market rate is ₦363. The FX market is in a constant state of flux, rising or falling in response to economic and fiscal stimuli occurring anywhere on the planet earth. The black market exchange rate of the US dollar to Naira in Nigeria early morning of Monday, December 14, 2020, was N475/N470 (buy/sell). It is subdivided into 100 cents. Conversion from Nigerian naira to United States dollar can be done at current rates as well as at historical rates – to do this, select the desired exchange rate date. Dollar To Naira Black Market Exchange Rate Today Friday, 11 September 2020. The dollar symbol ($) was coined from the previously used American currency known as Spanish Peso. Usd naira is n211 today in the black usd to ngn exchange rate naira hits n509 to 1 at forwards naira black market exchange rates nigeria naira s parallel market plunge sinking naira. The NNPC has also said that the refineries in the country can only meet 17% of the total demand in the country. The local unit traded at 415 naira per dollar according to abokiFX.com, which collates rates from street-traders in Lagos. Also, the Naira appreciated against the dollar, closing at N490/$1 at the parallel market on Tuesday, December 1, 2020, … (to distinguish it from other dollar denominated currencies). They are found in almost all major cities in Nigeria. Watch this video to see how much you will get when you exchange your dollars, pounds, euro against the Naira. Dollar to Naira forecast for December 2020.In the beginning at 376 Nairas. The symbol is $ and the code is AUD. The dollar to naira black market rate is ₦358. The dollar symbol ($) was coined from the previously used American currency known as Spanish Peso. Quick Facts To Know About The US Dollar. 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. Naira has Further Clashed To Dollar at the black market. This has mounted pressure on the concerned stakeholders to look for ways to increase the capacity of the country’s refineries. Some of these currencies include; Australian dollar (AUD), Chinese Yen (CNY), Japanese Yaun (JPY), South African Rand (ZAR), Ghanaian Cedi (GHS), and so on. This is the exchange rate you will get from Aboki exchangers within the streets. Similarly, the local currency exchanged at N620 to a British Pound, an improvement from N640 it was sold on December 1, 2020. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Meanwhile, the naira remained stable against the dollar at over-the-counter spot market also known as the Investors and Exporters (I&E) window, closing at N385.67. This page shows the exchange rate of Australian Dollar (AUD) To Nigerian Naira (NGN) on 09 Dec 2020 (09/12/2020).If you would like to view the current exchange rate of the currency pair, please visit Australian Dollar (AUD) To Nigerian Naira (NGN) Exchange Rates Today. The naira has strengthened by 6% to 470 per dollar in the parallel market since Monday, according to abokifx.com, while the spot rate weakened 0.6% to 391.90. This is coming on the back of dollar scarcity caused by falling foreign reserves and low … Narrowed Gap Aboki FX Live Daily Naira to Dollar … naira, black market naira rates, naira exchange rates, dollar to naira, euro to naira, pound to naira, australian dollar to naira, riyal to naira,lagos parallel market, Central Bank of Nigeria, CBN, Bureau De Change, BDC, turkish lira to naira, moneygram, western union 1 EUR = 448. Naira fell against the United States’ dollar on the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal street traders. Also, the Naira Rates are offered in BUY/SELL format Quick Facts To Know About The US Dollar. Black market exchange rate, USD to naira exchange rate, daily US dollar to naira, currency converter. Market Watch. 1 Cad to Ngn: Canadian Dollar To Naira Exchange Rate Today { Both Official and Black Market }{ Updated Daily} The Canadian Dollar to Naira Exchange Rate today { Black Market } is quite high, at the expense of the Nigerian Naira. Maximum 382, minimum 368. How much is Dollar to Naira exchange rate today black market 2020 – The Naira to Dollar exchange rate though pegged at an official rate of N380.5 per $1 had been at what could be described as freefall in the black market. The Naira to United States Dollar exchange rate moderated from N500 to N470 earlier this morning across the nation’s black market. Monday, December 14, 2020; The Australian dollar is the currency of Australia. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. Lagos dollar to naira black market rate today. Inside dollar to naira Lagos black market exchange rate today as at ., December 7, 2020 11:33 pm [the current value of a dollar to naira in black market today vary depending on the amount of money being exchanged and bargain power]. Naira exchange rate today 2020 australian dollar tumbles as rba hints australian dollar aud to bhutan zealand dollar australian stopgap until nigeria floats the naira Canadian Dollar To Naira Black Market Exchange Rate 2020 Cur NewsNigeria Naira Ngn Usd Black […] I.e $1 = ₦363. Nigeria’s currency weakened further in value on Thursday by N3, exchanging at N480 with the dollar compared to N477 traded on Wednesday on the black market. If your Bureau de … The rates in the black market recorded today, Sun 13/Dec/2020 about 16.25 for the buy price and about 16.32 for the sell price. For this reason, the black market rate will always be higher than the official exchange rate. Naira gained by 0.62 percent or N3 as the dollar traded at N477 on Monday compared with N480 traded since December 4, 2020 at the Bureau De Change (BDC) segment of the market. The dollar to naira black market rate is hugely affected by the oil production rate in the country. USD to NGN forecast at the end of the month 375, the change for December -0.3%. You also can click the currency name to view the … This represents a N5 drop when compared to the N475/$1 that it exchanged on … Australian Dollar to Nigerian Naira Conversion Last updated: 2020-12-07 08:43 UTC All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Australian dollar to us forecast daily street market exchange rate abokifx news forex updates nigerian naira ngn to australian strong dollar sank foreign billionaires Canadian Dollar To Naira Black Market Exchange Rate 2020 CurNaira Depreciates To N460 1 At The … I.e $1 = ₦358. Converting Dollar to Naira: Black Market Exchange Rate . The black market table captures the variance in daily naira exchange rate to USD, Euro and Pounds. If you are looking for the official bank rate for dollar to naira, pound to naira, naira dollar exchange rate, visit this section of Abokifx Rate today. It is always abbreviated with the dollar sign ($) or with letter A, as seen AU$ or A$. Although there has been fluctuations in dollar to naira in the black market, so in this post I will update you with the latest dallar to naira buy and sell rate, pounds to naira … The Dollar To Naira Black Market exchange rate is pegged at an exchange rate of N305.5 per $1 had been at what could be described as freefall in the black market. NewsOnline Nigeria reports that Forex turnover dropped by 53.9%, as the Naira’s exchange rate at the NAFEX window continued to remain flat against the dollar to close at N395/$1 during intra-day trading on Monday, December 7. The Naira extended gains into a second day on Thursday, December 10, appreciating by N2 against the US Dollar at the black market to close the day at N476/$1 in contrast to the N478/$1 it traded on Wednesday.However, the Naira wasn’t lucky against th. The Naira gained slightly on the parallel market, popularly known as the black market, on Monday to exchange at N473 per US dollar. 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