One of the functions of the central bank of Nigeria, among others, is ensuring stability of the foreign exchange market. Sending money abroad has never been easier. For this reason, the black market rate will always be higher than the official exchange rate. 1 USD = 388.00000 NGN. Converted to. American Dollar to Nigerian Naira. Send money. The averaged exchange rate 375. From the table above, you can see that the dollar to naira black market rate is 360. The NNPC has also said that the refineries in the country can only meet 17% of the total demand in the country. The page provides the exchange rate of 2500 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. Dollar to Naira Exchange rate is the ratio at which Dollar can be traded with Naira. Also, the Naira appreciated against the dollar, closing at N490/$1 at the parallel market on Tuesday, December 1, 2020, as the CBN’s new policy on diaspora […] Naira4Dollar is Nigeria most reliable, fastest and cheapest e-currency exchanger since 2006. Just recently, the Central Bank of Nigeria has injected $195M into the … Abokifx Exchange Rates – Dollar to Naira Rate Today & Euro To Naira. This equals to a %1.09 rise for Dollar to Naira exchange rate for since last week so far. 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/$1 during intra-day trading on Tuesday, December 1. Amount. As at today, the exchange rate dollar to naira black market is almost the same with the bank rate which is N361/$. At the currency printing works of the NSPM Plc, quality is meticulously controlled throughout every process of currency production. The official CBN rate stands at N360 per US Dollar ($) Centrally. Currencies 6 days ago New CBN Circular: CBN confirms only Banks can pay IMTO dollars The dollar to naira black market rate is hugely affected by the oil production rate in the country. Naira2usd is the fastest Nigeria perfect money exchanger that is the best funding site to buy and sell of Bitcoin and Perfect money is the most popular e-currencies in Nigeria. The highest price of US Dollar in Nigerian Naira was Thu, 5 Nov 2020 when 1 US Dollar = 384.2339 Nigerian Naira. To purchase a product in the US or any other Dollar supported country with your Naira currency, you will first convert it to Dollar before you can use it and vice versa. Buy from $10 to $200,000.00 without delay or worry. Our currency calculator gives you real time figures based on the our online rate of the day. Nigeria Naira to United States Dollar XE Currency Converter: 1 NGN to USD = 0.00262722 US Dollars All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. The exchange rate for the Dollar has decreased -0,68% against the Nigerian naira in the last 30 days, falling from 383,12 to 380,50 Nigerian naira per Dollar. Want to send money? Naira rebounds at black market as CBN moves against illegal activities of currency traders The Naira appreciated against the dollar, closing at N485/$1 at the parallel market on Wednesday, December 2. USD - NGN (Buy / Sell) 379.00 / 380.00 GBP - NGN (Buy / Sell) The sub-unit of Nigerian Naira is kobo. Dollar to Naira Table. Mid-market exchange rate at 21:49 UTC. The dollar traded at ₦460 when Black Market opened last week on Monday, September 14, 2020. Current exchange rate US DOLLAR (USD) to NIGERIA NAIRA (NGN) including currency converter, buying & selling rate and historical conversion chart. Using any of the following ways to convert US dollars to Naira also depends on the business you do or the frequency at which you receive and convert US dollars into local currency. Converting Dollar to Naira: Important Facts about the Nigeria Naira (NGN) The Naira is the currency used by the Federal Republic of Nigeria. Naira to Dollar Exchange Rate History October 13, 2016 November 1, 2016 Keetu BUSINESS INFORMATION Not so long ago the Nigerian Naira was a very strong currency, so strong that in the 70’s and 80’s and to be specific as at 1979/1980 fifty five kobo (55k) could fetch you about one dollar … There is a big divide between the official dollar to Naira rate and the rate in the black market. Maximum 382, minimum 368. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 2500 US Dollar (USD) to Nigerian Naira (NGN) from Saturday, 12/12/2020 till Saturday, 05/12/2020. The currency code for Nigerian Naira is NGN. The current CBN exchange rate of the Dollar to Naira today is: 1 USD = NGN 380 To get the Official Central Bank of Nigeria (CBN) daily exchange rate of the Dollar to Naira, always check on this spot for future updates as the figures are been updated in realtime. average: ₦ … The Nigerian Naira is the currency of Nigeria. Dollar to Naira Rate Black Market December 10 2020. The CBN exchange rate of 1 dollar to Naira today is #306/307. Online Currency Convertor Services. The Dollar to Naira exchange rate seems not stable rather it fluctuates from time to time against the Naira, leading to the Naira losing most of its value. The national monetary unit of Nigerian Naira is kobo. The lowest change rate in last month between US Dollars and Nigerian Naira currencies was on Thu, 5 Nov 2020. This has mounted pressure on the concerned stakeholders to look for ways to increase the capacity of the country’s refineries. December 9, 2020. Moreover, we added the list of the most popular conversions for visualization and the history table with exchange rate diagram for 1 US Dollar (USD) to Nigerian Naira (NGN) from Saturday, 12/12/2020 till Saturday, 05/12/2020. The rate was N465 on Monday, meaning the Naira … Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. CBN Official Exchange Rates for Dollar, Pounds and Euro to Naira. It’s likely the most trusted site to find up to date prices of parallel dollar rate in Nigeria and the latest stock trends on the internet. Todays Exchange Rate In Naira. One kobo represents 1/100 of one Naira. 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. The US dollar, the much sought after currency in Nigeria slumped by 5.38% on Tuesday at Nigeria’s parallel market, its second successive fall since Friday. If you want to keep up with the forever volatile nature of the Naira against the dollar, then Abokifx which means friend in will help you do just that. 1 US dollar sells for #360 and is being bought for the sum of #360. 1. Historical Exchange Rates For United States Dollar to Nigerian Naira 377 380 382 384 387 389 Aug 13 Aug 28 Sep 12 Sep 27 Oct 12 Oct 27 Nov 11 Nov 26 120-day exchange rate history for USD to NGN Quick Conversions from United States Dollar to Nigerian Naira : 1 USD = 388.72151 NGN The page provides the exchange rate of 1 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. December 10, 2020 + Dollar to Naira Rate Black Market December 9 2020. Naira notes and coins are printed/minted by the Nigerian Security Printing and Minting Plc (NSPM) Plc and other overseas printing/minting companies and issued by the Central Bank of Nigeria (CBN). 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