Dollar To Naira Exchange Rate

Latest dollar to naira exchange rate today, 19th November 2021 can be accessed below.

 

 

On this page, Newsonline Nigeria compiles dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the Nigerian naira each day for the week.

 

Newsonline reports that the dollar to naira exchange at the official market, as well as, at the parallel market otherwise known as the black market for each day during the week will be accessed by our readers.

 

 

Below are the dollar to naira exchange rate for each of the days during the week…

 

Naira Falls Against Dollar At Black Market, See New Exchange Rate

Newsonline reports that the Nigerian official currency, Naira has fallen weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.

This online news platform understands that survey at the Bureau De Change (BDC) market in Wuse Zone 4 in Abuja, Nigeria’s capital and Ogba area of Lagos, Nigeria’s commercial city, last week, showed that the Naira exchanged between N525 and N530/$1…..Read More…

 

Why Naira Is Gaining Against US Dollar At The Black Market 

 

Newsonline reports that Naira strengthened against the US dollar last week to a 2-month high of N535/$1 at the black market, thereby reducing the gap between the parallel and the official rates; an uptick that was driven by a significant drop in demand for FX at the black market…..Read More…

 

Black Market Dollar To Naira Exchange Rate Today 18th November 2021

Newsonline has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦413.19 per dollar on Thursday, 18 November 2021, after it closed at ₦415.10 per $1 on Wednesday, 17 November 2021This represents a change of -0.13%…..Read More…

 

Naira Gains Whopping N25 At Black Market

 

Newsonline reports that Naira has launched a sustained recovery at the parallel market, gaining N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.…..Read More….

 

Black Market Dollar To Naira Exchange Rate Today 16th November 2021

 

Newsonline has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

November 16 dollar to naira official market exchange rate: $1 dollar to naira =₦414.55…...Read More…

 

Black Market Dollar To Naira Exchange Rate Today 15th November 2021

Newsonline has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates…..Read More…

 

Dollar Recovers After Free Fall Against Naira At Black Market

Newsonline reports that the US dollar gained on Friday evening, November 12, 2021 as the dollar closed the day at ₦540 with a gain of ₦10 at the parallel market also known as the black market after a “major fall”……Read More….

 

Dollar Crashes To Lowest Against Naira Since CBN Banned AbokiFx

 

Newsonline reports that the US dollar crashed on Thursday, November 11, 2021 as Naira opened the day at ₦535 with a massive gain of ₦20 at the parallel market also known as the black market…..Read More…

 

Naira Rises Massively As Analysts Make Fresh Anticipation

Naira has risen massively as analysts anticipate devaluation at Investors Window.

 

 

Newsonline reports that Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively overpriced local currency, thus expecting further devaluation at Investors and Exporters foreign exchange rate window.

Data from the FMDQ Exchange platform showed that Naira traded at N414.30 to a dollar in the Investors and Exporters window, gaining 0.2% week on week against the previous record.

 

While external reserves position has expanded significantly following an inflow from foreign currency borrowings of $4 billion and about $3.5 billion inflow from special drawing rights, the naira has faced many pressures, crossing N420 briefly at investors and exporters foreign exchange window.

 

This week, Nigeria’s foreign currency reserves snapped its ten consecutive weeks of accretion as it closed lower by $102.20 million week on week to $41.73 billion, according to Cordros Capital in a macroeconomic note.

 

In the parallel market, the foreign exchange rate has worsened after the central bank decision to ban weekly dollar supply to bureau de change operators in July. However, low dollar supply has persisted despite growing prices of oil in the global market,

 

Latest Dollar To Naira Exchange Rate Today, 4th November 2021
CBN Governor, Godwin Emefiele.

 

 

 Naira Crashes After Gaining Against Dollar, See New Exchange Rate

Naira has weakened again days after gaining against dollar.
Newsone reports that Nigeria’s official currency, crashed at parallel market also known as the black market on Wednesday, November 3, 2021, after gaining “massively” last week.

 Naira Gains Massively As Dollar Crashes At Black Market

Naira has gained massively with dollar crashing at black market.
Newsone reports that the American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by Newsone Nigeria reporters who visited the market on Monday morning.

Dollar Starts November On Free Fall Against Naira At Black Market

The dollar has started November on a free fall against Naira at the black market.
Newsone reports that the American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by Newsone Nigeria reporters who visited the market on Monday morning.

 

That’s the latest dollar to naira exchange rate today, check back tomorrow for more. Also click on Newsonline Nigeria to read other stories.