To know the exchange rate of dollar to naira is very paramount due to the recent devaluation of Naira. These cookies do not store any personal information. Late President Sani Abacha held the Naira with an iron grip for a period of five years. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 1 US Dollar is 382.626801 Nigerian Naira. What Is 1 Canadian Dollar to Naira . Find Out! Like I said before, the Nigerian currency is Naira. Todays Exchange Rate In Naira. Tags: Nigerian exchange rate Dollar To Naira Exchange Rate Today Black Market, convert USD to naira dollar exchange rate today, exchange rate dollar to naira black market today, Nigerian currency exchange rate. In fact, between 1970-1975, 79kobo was equal to $1. The naira can only gain value if the country invests in the exportation of finished products instead of doing the opposite. However, the borrowing comes with certain conditionality, which amongst others is the devaluation of a nations’ currency. The general Nigerian mentality about foreign-made products is that anything foreign is far better than home-made. Although these rates are subject to unexpected changes due to the instability of the forex market, they are overly high, to say the least. Customers can’t always tell you what they want, but they can always tell you what’s wrong. Here are the top Currency Converter Apps on Playstore. New Dollar Wallpaper HD. Your feedback will be appreciated!View all posts by Blogger | Website. Dollar to naira exchange rate change ngn united states dollar to nigeria naira ngn united states dollar to nigeria naira naira rate today ars to eur ft how to convert 100 dollars naira gtbank dollar to naira exchange rate. As at today, the parallel rate stands at: Dollar to naira exchange rate today. Because the value of a currency fluctuates with time, the exchange rate is not fixed. 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. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Mid-market exchange rate at 21:49 UTC. This is the app version of XE Online Currency Converter. With a poor economy comes a poor currency. Before the adoption of Naira notes, coins were used in Nigeria as a means of payment. Below are the top currency converters/calculators. Today, it serves as the name of over 20 currencies in the world. From the table above, you can see that the dollar to naira black market rate is 360. At least, it is used as the standard exchange currency. These stolen funds are usually converted into foreign currencies especially dollars and kept in foreign banks. What Is The Current Western Union Dollar To Naira Exchange Rate Today? In order to help salvage the situation, Nigerian governments have tried to borrow money from the IMF and World Bank at different times. However, with the recession now declared over, an end might be in sight. Amount. Nollywood Registration – 2020/2021 Application / The result of such a high exchange rate for the dollar is that Nigerians spend so much to buy so little, especially when it comes to foreign or imported goods. Applications are a much easier way to check the exchange rates of any currencies. As someone who banks with the various Nigerian banks and at the same time conducts some online transactions with foreign currencies (such as Dollar, Euro or Pound Sterling), you might be eager to know the current Dollar to Naira exchange rate.The same goes for all other currencies like Euro and Pound. Hence, for any international transaction, you will first check the exchange rate at that particular time so as to know how much is involved. You can take my word for it. Abokifx Exchange Rates – Dollar to Naira Rate Today & Euro To Naira. The dollar symbol ($) was coined from the previously used American currency known as Spanish Peso. Many of our refineries are barely functional. Nigeria is a country that depends so much on imported goods and products. However, our concern here is on the trading of currencies in the black market. ll 【$1 = ₦380.4997】 US dollar to Nigerian naira rate today. How Much is Dollar to Naira Exchange Rate in Black Market Today? Just recently, the Central Bank of Nigeria has injected $195M into the circulation to help cushion the inter-bank forex market. How much is 1 US Dollar in Nigerian Naira? That’s a very bad mentality to have. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. The first US paper dollar came into existence in 1875. Foreign nationals would rather buy locally made products to support their countrymen, like the Asian Tigers. The Chrome currency converter is a browser extension of Chrome that allows you to check the exchange rates of any currencies in a matter of seconds. As we continue to borrow from the IMF and World bank, that was how we continued to devalue the Nigerian Naira, until it got so worst as we have it today. These cookies will be stored in your browser only with your consent. This category only includes cookies that ensures basic functionalities and security features of the website. Nigeria is blessed! The dollar to naira black market rate is ₦358. Through 2013, 2014 and early 2015. 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. A country that imports so much will definitely have a poor currency. The Nigerian state is being robbed blind by corrupt politicians. Login to post a comment. However, people prefer the use of black market at times because of the availability of cheap services they provide. This post is about the current Dollar to Naira exchange rate in black market for today. US Dollar to Nigerian Naira Convert USD to NGN at the real exchange rate. Their web address is WWW.Oanda.com. Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. Sending money abroad has never been easier. Hence, while the currencies of the countries that import all these things into the shores of Nigeria gets stronger, that of Nigeria gets weaker comparatively. This equals to no rise for Dollar to Naira exchange rate for this week so far.. Browser to search for anything or to memorize any web address is Ex-rate.com, Oanda Converter... ( CBN & black market February 2020, Nigerian governments have tried to borrow money United. 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