• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Friday, September 22, 2023
NewsOnline Nigeria
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station
No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station

BREAKING: Naira Gains Massively At Black Market On Boxing Day

by Justice Winner
December 26, 2021
in Economy And Business, Headline
naira

Naira

Naira has gained massively at Black Market on boxing day.

 

 

NewsOnline reports that the Nigerian official currency, Naira has gained against the United States dollar, exchanging at N555/$1 after opening the week at N570 per dollar on Monday, December 20, 2021.

 

A survey conducted by NewsOnline Nigeria at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Boxing Day, Sunday morning, December 26, 2021, showed that the naira to usd exchanged at N555/$1, gaining N15 from the N570 position of 1 dollars to naira it started the week with though still poor compared to when usd to naira exchanged for N530/$1 on November 11, 2021.

 

READ ALSO

BREAKING: FG Begins Payment of Fuel Subsidy, May Pay N1.68tn By December

BREAKING: US Court Stops Release Of Tinubu Chicago School Records To Atiku

BREAKING: Plateau Tribunal Dismisses APC Petition Against Mutfwang

Nigeria News Headlines, Naija News For Today, 22 September 2023

 

Naira to dollar gains at Black market (parallel market)

 BREAKING: Naira Gains Massively At Black Market On Christmas As Dollar Falls

The exchange rate between the naira to dollar and dollar to naira on Sunday morning, December 26, showed that the Nigerian official currency, Naira has gained against the United States dollar days after it opened the week on the rise which saw it exchanging at N570 per dollar on Monday, December 20, 2021.

 

The local currency opened at N555.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 26 December 2021, in Lagos Nigeria after it closed N565.00 per $1 on Saturday, 25 December 2021.

 

NewsOnline Nigeria reports that at the black market, the players buy a dollar for N550 and sell for N555 on Sunday morning, December 26, 2021 after they bought N560 and sold for N565 on Saturday, 25 December 2021.

 

 BREAKING: Naira Gains Massively At Black Market On Christmas As Dollar Falls
CBN Governor, Godwin Emefiele.

 

Meanwhile, NewsOnline Nigeria reports that this is coming months after the Central Bank of Nigeria (CBN) had on July 27, 2021, suspended foreign exchange (forex) sales to BDC operators and directed all those with a genuine need for forex to revert to banks. The naira lost value at a whooping N85 to the dollar in less than two months from N490/$1 to N575/$1 on September 20.

 

Even though the dollar to naira opened in the parallel market at ₦555 per $1 today, Newsonline reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

 

NewsOnline Nigeria reports that the USD started this week at ₦570 in Parallel Market also known as Black Market on Monday, December 20, 2021 in Lagos Nigeria, after it opened at ₦572 last week Monday, December 13, 2021.

Previous Post

Black Market Dollar To Naira Exchange Rate Today 25th December 2021

Next Post

Latest NPower News For Today Sunday 26th December 2021

Justice Winner

Justice Winner

Justice Winner is a Veteran Nigerian Journalist With Expertise in Writing Nigeria News, Entertainment and Politics. He has a degree in Journalism/Mass Communication Studies. Justice is a dedicated and talented writer committed to producing high-quality content that is authoritative, informative, entertaining, and engaging. Connect with Him on Instagram , Facebook, Twitter, and LinkedIn.

Related Posts

Fuel Subsidy
Economy And Business

BREAKING: FG Begins Payment of Fuel Subsidy, May Pay N1.68tn By December

Tinubu Chicago School Records
Headline

BREAKING: US Court Stops Release Of Tinubu Chicago School Records To Atiku

Mutfwang
Headline

BREAKING: Plateau Tribunal Dismisses APC Petition Against Mutfwang

Next Post
Npower News

Latest NPower News For Today Sunday 26th December 2021

Trending Posts

Mohbad Autopsy

BREAKING: Police Arrest Nurse Who Injected Mohbad Before His Death (VIDEO)

2023 Independence Day Celebration

FG Makes Important Announcement On 2023 Independence Day Celebration

Mohbad Autopsy

BREAKING: Police Conclude Mohbad Autopsy Process

Seyi Tinubu

BREAKING: Seyi Tinubu Mourns Mohbad’s Death, Donates N15 Million To Son

Naira

BREAKING: Naira Falls Massively Amid Forex Scarcity, See New Exchange Rate

New Minimum Wage

President Tinubu To Announce New Minimum Wage Next Week

Tinubu

BREAKING: Tinubu Stops Chicago University From Releasing Academic Records To Atiku

Kano Governor Yusuf

BREAKING: Kano Governor Yusuf Reacts To Tribunal Judgment Sacking Him

Naira

Black Market Dollar To Naira Today, 21 September 2023 In Lagos & Abuja

Mohbad

Fans Hold Candlelight Procession For Mohbad In Peckham Square (VIDEO)

ADVERTISEMENT

ABOUT US

NewsOnline Nigeria is Nigeria’s fastest growing trusted independent online newspaper covering Africa’s socio-economic issues, trades and investments; it provides informed perspectives on economic and political events in Nigeria and Africa at large.

Relevant Pages

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

Reach Us

6th Avenue, Festac Town, Lagos

+234 816 184 6326

[email protected]

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: [email protected]

Copyright © 2023 Newsonline Nigeria

No Result
View All Result
  • Latest Posts
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Education
  • Sports
  • Lifestyle
  • TV Station

Copyright © 2023 Newsonline Nigeria