The Central Bank of Nigeria (CBN) is basically the only financial institutions that trade using the official exchange rate. See Dollar to Naira Exchange Rate Today for GTBank, CBN and Black Parallel Market. READ MORE: Foreign investors shun CBN as latest OMO bills record zero bids The buying rate was N458. US Dollar started last week at ₦465 in Black Market on Monday, November 09, 2020. Godwin Emefiele, CBN governor As at yesterday, the dollar sold at N490 in some parts of Lagos, which is far higher than the N385.5 which was used at the Investors and Export Window. This equals to a 2.15% rise for Dollar to Naira exchange rate for since last week so far. Central Bank of Nigeria (CBN) / Interbank Rates Exchange Rate Dollar To Naira Black Market History. The CBN official admitted that in today’s transaction, that it had adjusted the rate at the I&E window for foreign investors from N366 per dollar to N380 per dollar. ... Our currency rankings show that the most popular Nigeria Naira exchange rate is the USD to NGN rate. This is the rate all banks in Nigeria are expected to exchange the USD for the Naira. NEWS DIGEST – The Central Bank of Nigeria (CBN) on Saturday adjusted the official exchange rate to N379 to the dollar. CBN forex sales resumption to boost naira rate – The resumption of forex sales to the Bureau De Change operators by the Central Bank of Nigeria on Monday (today) will strengthen the exchange rate of the naira to the dollar according to the operators. The black market exchange rate for 1 NGN Nigeria to USD $ is also referred to as the parallel market rate. Dollar To Naira Exchange Rate. Convert Euro, Pounds, and Dollar to Naira NGN. Check today's rates. Below are the CBN Exchange Rate / CBN Nigeria Exchange Rate Today November for US dollars, Pounds Sterling, Euro, Swiss franc, Yen, CFA, WAUA, Riyal, Danish Krona and SDR : Central Bank Of Nigeria CBN exchange rate dollar to naira { USD to Naira } Buy: 304.65; Sell: 305.65; CBN Pounds To Naira Exchange Rate { GBP € } Buy: 392.2064; Sell: 393.4938 It is no surprise that the CBN’s exchange rate is different from the black market’s exchange rate, and this is caused by many factors. Review historical trends for any currency pair up to the last 10 years. Convert Dollar to Naira 2018 – Current Exchange Rate of 1 USD to NGN Today (Black Market & CBN), Abokifx Rate Today, FX Rates and so on. The Naira to dollar exchange rate in 2020 has been marred by a series of economic uncertainties and weak macro fundamentals caused by the COVID-19 pandemic. Today, Naira has fallen to the range of 350-400 naira per dollar. The US dollar to Nigerian Naira exchange rate today is determined by some factors, and varies between the central bank of Nigeria (CBN) exchange rate and the black market (parallel market) exchange rate. Below is the exchange rate history of Dollar to Naira. Up till Wednesday, the Naira exchange rate remained static at N463 to a dollar, a difference of N84. The Nigerian Naira remains battered by US Dollar, Euro, Sterling The Central Bank of Nigeria exchanges N379 to one US dollar, sustaining a wide gulf between its rate and the rate at Bureau de Change (BDCs). Top losing exchange rate is Pound to Naira having a ₦ 7.524 fall to ₦ 503.92 as of 10/12/2020. This comes as the world-wide COVID-19 lockdown begins to ease up, even as business activities are expected to gradually return to normal. There may be a N2/3 differential between Island and Mainland rates. By Adaeze Okechukwu The naira, yesterday, depreciated to N360 per dollar in the Nigerian Autonomous Foreign Exchange, NAFEX, just as the Central Bank of Nigeria, CBN plans to sell N130.4 billion treasury bills next month. The naira is inching close to N500 to the dollar and worried Central Bank of Nigeria (CBN) has criticized the unofficial window, so-called black market rate. Western Union Rates: Western Union Dollar to Naira Rate. Daily exchange rate of Naira to other currencies today. Today’s Naira Black Market Rates. The parallel market rates represent the average rate from various black market dealers on the Lagos mainland and island. Naira appreciates against the US dollar as the Central Bank of Nigeria (CBN)continues to record dollar supply into the foreign exchange market, Brandnewsday gathers. Here is the solution to your desired information which is updated everyday. CBN Dollar To Naira Exchange Rate Today: 379/380 To $1 Save this page URL – NaijaQuest.Com/dollars You can contact our Bureau De Change Agent on – +234 ——- Exchange Rate Dollar To Naira Black Market History CBN dollar to naira exchange rate today . The system, which has been criticised by the International Monetary Fund, has kept the official rate at about N307 per dollar. This corresponds to 0.10% rise compared to previous day. The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The currency was pegged at 197 to one U.S dollar in 2016. Nigeria CBN retains monetary policy rates despite recession The monetary policy committee retains the lending rate, also known as the monetary policy rate, at 11.5 per cent. Dollar Naira Exchange Rate Today AbokiFX Black Market.How Much is Dollar to Naira (Convert USD to Naira) Today. The currency code for Nairas is NGN, and the currency symbol is ₦. Initial USD rate was noted as ₦482 at the beginning of this week on Monday, December 07, 2020. US Dollar to Naira exchange rate is ₦475 in Nigeria today, November 17, 2020. According to Nnaji, contrary to the World Bank reports which say that Nigeria received 25 million dollars Diaspora remittances in 2019, the CBN only received 10 million dollars between 2016 and 2019. The Central Bank of Nigeria (CBN) weakened the official exchange rate for the second time on 7 July amid pressure from international lenders and investors to unify its multiple exchange rates. The Central Bank of Nigeria (CBN) yesterday said that it will eliminate the multiple exchange rates regime in the country. And the foreign currencies are not readily available to the public. The Central Bank of Nigeria (CBN) said it has resumed sales of dollars to SMEs who need foreign exchange for essential imports, as well as Nigerian students in foreign schools who need to pay their school fees. All BDC operators to sell to end-users at not more than N392 to dollar. 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). At times, you won’t get up to $1,000 through this channel. Year-to-Date, the naira is down by 6.6 percent and 26.9 percent at the I&E window and in the parallel market, respectively US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. Currency Charts. Do you want to know the dollar to naira bank rate today? Collins Nweze The Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollars into their domiciliary accounts but are not allowed to transfer such funds to another party. or Gtbank dollar to naira exchange rate. This makes a 1.45% fall for Dollar rate against Naira this week.. Nigeria's FX reserves further declined by $40.05 million week-on-week to $35.45 billion, as the outflows for the CBN's interventions across the various FX windows continue to outstrip dollar inflows. Naira has Gained More Value To Dollar following CBN record dollar intervention. Naira to dollar exchange rate in 2020 declined by N73 from N306 Central Bank of Nigeria sold it in the beginning of the year to N379 and N386 on the investors and exporters forex window. Today on CBN Top rising exchange rate is West African Unit of Account to Naira having a ₦ 0.5351 rise reaching ₦ 545.35 as of 10/12/2020. The Nigeria Official Exchange Rate (bank rate) of the United States Dollar is currently fixed (pegged) by the Central Bank of Nigeria (CBN). 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