Converting Dollar to Naira: Important Facts about the Nigeria Naira (NGN) The Naira is the currency used by the Federal Republic of Nigeria. Our currency calculator gives you real time figures based on the our online rate of the day. INSTANT FUNDING, INSTANT SMS ALERT & FREE Money when you refer someone. The code for the Nigerian Naira is NGN; The symbol for the Nigerian Naira is ₦ The Naira is divided into 100 kobo; For 2020, one Dollar has equalled. 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). For this reason, the black market rate will always be higher than the official exchange rate. 0.00 USD-NGN 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. Sending money abroad has never been easier. 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 lowest change rate in last month between US Dollars and Nigerian Naira currencies was on Thu, 5 Nov 2020. Maximum 382, minimum 368. Currencies 6 days ago New CBN Circular: CBN confirms only Banks can pay IMTO dollars 1 US dollar sells for #360 and is being bought for the sum of #360. At the market today, a dollar sold for N440. 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. Todays Exchange Rate In Naira. Buy from $10 to $200,000.00 without delay or worry. At the currency printing works of the NSPM Plc, quality is meticulously controlled throughout every process of currency production. Free online currency conversion based on exchange rates. 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. The NNPC has also said that the refineries in the country can only meet 17% of the total demand in the country. Naira4Dollar is Nigeria most reliable, fastest and cheapest e-currency exchanger since 2006. US Dollar to Nigerian Naira Convert USD to NGN at the real exchange rate. The page provides the exchange rate of 1 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. Currency converter The converter shows the conversion of 1 US dollar to Nigerian naira as of Saturday, 12 December 2020. Track the exchange rate. Converted to. ll 【$1 = ₦380.4997】 US dollar to Nigerian naira rate today. Just recently, the Central Bank of Nigeria has injected $195M into the … The dollar to naira black market rate is hugely affected by the oil production rate in the country. As at today, the exchange rate dollar to naira black market is almost the same with the bank rate which is N361/$. 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. Dollar to Naira Rate Black Market December 10 2020. The national monetary unit of Nigerian Naira is kobo. The exchange rate of Nigeria Naira is experiencing a reduction in Value at the moment. December 9, 2020. This has mounted pressure on the concerned stakeholders to look for ways to increase the capacity of the country’s refineries. Trust TransferWise to get it … 1. The CBN exchange rate of 1 dollar to Naira today is #306/307. Send money. 30 days ago. The sub-unit of Nigerian Naira is kobo. The dollar to Naira exchange rate is ₦455 in the Black Market today, September 21, 2020. 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 One of the functions of the central bank of Nigeria, among others, is ensuring stability of the foreign exchange market. One kobo represents 1/100 of one Naira. How To Convert US Dollar to Nigerian Naira (USD to NGN) There are several ways of converting US Dollars into local currency depending on the monetary form you have. 1 USD = 388.00000 NGN. 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. The averaged exchange rate 375. The rate was N465 on Monday, meaning the Naira … Current exchange rate US DOLLAR (USD) to NIGERIA NAIRA (NGN) including currency converter, buying & selling rate and historical conversion chart. The currency code for Nigerian Naira is NGN. Mid-market exchange rate at 21:49 UTC. The page provides the exchange rate of 2500 US Dollar (USD) to Nigerian Naira (NGN), sale and conversion rate. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Amount. Dollar to Naira forecast for December 2020.In the beginning at 376 Nairas. Online Currency Convertor Services. Dollar to Naira Forecast, USD to NGN foreign exchange rate prediction, buy and sell signals. On that day 1 USD = 380 NGN. Nigerian Naira. Dollar to Naira Exchange rate is the ratio at which Dollar can be traded with Naira. From the table above, you can see that the dollar to naira black market rate is 360. 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. Today, you will get fewer Nigerian naira for an amount in Dollars than you would have just a month ago. 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. 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. Want to send money? CBN Official Exchange Rates for Dollar, Pounds and Euro to 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. This means that Nigerians are likely to spend more buying goods and services in the international market. 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. 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 highest price of US Dollar in Nigerian Naira was Thu, 5 Nov 2020 when 1 US Dollar = 384.2339 Nigerian Naira. 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. average: ₦ … Dollar to Naira Table. USD to NGN forecast at the end of the month 375, the change for December -0.3%. Also, the Naira appreciated against the dollar, closing at N490/$1 at the parallel market on Tuesday, December 1, 2020, as the CBN’s new policy on diaspora […] Abokifx Exchange Rates – Dollar to Naira Rate Today & Euro To Naira. Using any of the following ways to convert US dollars to Naira also depends on the business you do or the frequency at which you receive and convert US dollars into local currency. The parallel market rate (black market) is stated above. The Nigerian Naira is the currency of Nigeria. The black market exchange rate of dollar is the price at which vendors operating outside legal banking channels exchange the dollar for Naira – always intending to maximize huge profit. Terms You Should Know About Dollar to Naira Exchange Rate The official CBN rate stands at N360 per US Dollar ($) Centrally. 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. Daily Naira to Dollar, Euro, Pound, Australian Dollar, Renminbi, Riyal, Turkish Lira, Ringgit, CFA exchange rates for black market, CBN, BDC, Western Union and Moneygram USD - NGN (Buy / Sell) 379.00 / 380.00 GBP - NGN (Buy / Sell) This equals to a %1.09 rise for Dollar to Naira exchange rate for since last week so far. This responsibility has been entrusted on CBN due to the flightiness experienced in the past when it came to foreign exchange. The dollar traded at ₦460 when Black Market opened last week on Monday, September 14, 2020. 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. American Dollar to Nigerian Naira. Past when it came to foreign exchange recently, the change for December 2020.In the beginning 376. Which is N361/ $ between US Dollars and Nigerian Naira as of Saturday, 12 2020. When you refer someone just a month ago Naira, pounds and euro to exchange. 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