Buy Rate: 356 The gap between the interbank rate and the black market rate deepens to N147.53 per dollar from N127.53 per dollar last week. 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. Current Exchange Rates of Dollars to Naira in Nigeria Black Market For July, 2018: – —– Convert Euro, Pounds, and Dollar to Naira NGN. – The black market exchange rate of dollar is the price at which vendors operating outside legal banking channels exchange the dollar for Naira â always intending to maximize huge profit. There are other factors responsible for the viability of the parallel market exchange rate system in the country. – To keep yourself current and up-to-date with all the happenings and price movement changes with regard to the black market exchange rate of Dollars to Naira, check our live archive blog on Current Dollar Naira rate in Black Market. Conversion from United States dollar to Nigerian naira can be done at current rates as well as at historical rates â to do this, select the desired exchange rate date. For this reason, the black market rate will always be higher than the official exchange rate. Can you go to any bank in Nigeria today and request to sell your $10, $20, $50 casut, do you know that you can readily sell your dollars at the parallel market without stress in Nigeria? — After that collapse, the dollar exchange rate began to gradually decline and pegged at the end of year 1998 at an average price of 1,507.5. – – — CBN Exchange Rate in Nigeria today, Dollar to Naira, Pounds to Naira, Euro to Naira plus other Central Bank of Nigeria exchange rates. Velocity of pore fluid pressure frozen pizza recalled for listeria dynamometer dillon ap 30784 0058 20000 difference between lbs and pounds weightechusa sensortronics 65023. – Do you know that the country goes as far as to import toothpicks? The Nigerian Naira (NGN) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT. Nigeria naira ngn usd parallel market plunge hints at more woes history of currency black market exchange rates winton nigeria lawmakers worry about gap between official black market abokifx dollar naira exchange rate today euro pound black parallel exchange rate in nigeria today binary options traders abokifx 2020 cur black market exchange rate in nigeria. – But, after seeking advice from a friend, he decided to visit the parallel market. – Having briefly explained to you how relevant this page is everyone, we proceed to show you exactly what you are looking for. Q: What is 50 Dollars in Nigerian Naira? The pound sterling is made up of several coins and notes. These are the Black market exchange rates of the Dollar to Nigerian Naira in each working trading day. The (USD) dollar to Nigerian Naira exchange rate today varies between the CBN exchange rate and the parallel market (black market) exchange rate. Twenty years later, ⦠Buy: 357 Buy Rate: 356 – Pounds to Naira Exchange Rate In Black Market Today Nigeria. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. – June 3rd, 2018 (Tue): 358../..362 June 6th, 2018 (Fri): 358../..361 Access fee is N3,000 monthly. — – As an oil producing nation, Nigeria’s legal tenders are Naira and kobo. As long as the economy of Nigeria is still largely influenced by the importation of Foreign goods and services, there is nothing stopping the black market system. Nigerians love to do things with ease and go through any length just to make sure of that. Joseph Sanusi (CBN governor 1999 to 2004) June 18th, 2018 (Wed): 356../..360 Initial USD rate was noted as â¦482 at the beginning of this week on Monday, December 07, 2020. 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