Here is Todays Euro to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, Lagos. The exchange rate between the naira and the US dollar appreciated on Friday morning, 30th December 2022 at the black market, trading at an average of N736/$1, a 0.27% improvement from N738/$1 recorded in the previous trading session. 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. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. Though the exchange rate was stable and sold for 148 naira. Here are some of the causes of the dwindling dollar to naira exchange rate. The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). Your email address will not be published. The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Tuesday, 10 January 2023, in Lagos Nigeria, after it closed at N747 per $1 on Monday, 9 January 2023. Reports disclose that the new boss Chaing who has a masters degree in human resources development from Californias ceremony graduate university, joined Foxconn in 1999 and has so far helped the company in meeting the high standard Apple requires. One should note that at this time Nigeria was struggling to clear its foreign debt; debt servicing alone was taking a toll on the economy. BrandSpurNg. It is on record that over 97% of this is federal reserve. More copper are being used to produce the coins as opposed copper. Nigerian government now has more Dollars to save and used to expand the economy. 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Press Esc to cancel. From the standpoint of view the market seems to be indicating for a further fall. -The dollar is the most traded currency in the world. It means thatyou can buy or sell 1 dollar at 745 and 742, and the price can change (high or low) within hours. So, each bill and coin you see in circulation has been approved by the presidentwhich is why they sometimes feature his or her portrait on them. For the last 7 days, between 04/01/2023 and 11/01/2023, Canadian Dollar to Naira black market rate took values between 510 . Todays Rand to Naira black marketrate: this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Rand is currently in Abuja, Kano, Lagos. 747. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports. Meanwhile, the engineer insist that the video was fake, noting that Tesla used a 3D mapping on a predetermined route from a house in Menlo Park, California to the companys headquarters in Palo Alto. You can exchange your dollar for Naira at these rates on Thegistday. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats. Government Debt:National debt can impact investor confidence and, as a result, the influx of funds into the economy. January 15, 2023. There might be slight variation at different parallel (unofficial) market. January 10 dollar to naira black market exchange rate: $1 dollar to naira = 745. On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate. -The dollar is also the most counterfeited currency in the world. Lets see todays Dollar to Naira Exchange rate at the black market and aboki fx. Here is Todays Dollar to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The United States dollar currently in Abuja, Kano, Lagos. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Selling Rate. This information comes from the US Mint. Interest Rates:Another tool to keep an eye on is interest rates. today, News Online reports that the Central Bank of . The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website,cbn.gov.ng. Government Debt:National debt can impact investor confidence and, as a result, the influx of funds into the economy. The Nigeria parallel market (black market dollar Aboki exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (blackmarket). How Much is Dollar to Naira and the official Exchange Rate today, 28th December 2022? The local currency ( abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 17th January 2023, in Lagos Nigeria, after it closed at N745.00 per $1 on Monday, 16th January 2023. When is Jamb 2023/2024 Starting, Is JAMB Form Out For 2023? The Mint then creates a prototype and sends it to the Treasury for approval. Dollar To Naira Black Market Exchange Rate For Today 17th January 2023, Bickerings as CBN Shuns FAACs Invitation Over Remittances Into Revenue Accounts, CBN Launches Domestic Card to Deepen Cashless Policy, Track Spendings, $15.3bn Was Used to Steady The Naira in 2022, CBN Claims, Dollar To Naira Black Market Exchange Rate For Today 15th January 2023, Dollar To Naira Black Market Exchange Rate For Today 14th January 2023. In fact the act allows 1 dollar to equal to 100 cents as seen today. Here are some of the causes of the dwindling dollar to naira exchange rate. And in 1933, President Franklin D. Roosevelt took the US off the gold standard, which meant that the dollar could no longer be exchanged for gold. How To Be Safe While Indulging In Cryptocurrency Trading? Teslas deal is coming after reports disclose that the automaker in 2021 had sent an investment proposal to Indonesia to possibly build a full battery factory. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. As the Naira falls in value, inflation takes over the economy, which usually impacts the inhabitants. Almost always, these prices are less expensive than those on the black/parallel market. The exchange rate between the naira and the US dollar at the black market appreciated on Friday, 30th December 2022 to trade at an average of N736/$1 Read more CBN to work with SEC to develop joint regulatory framework for regulating ICOs and Stablecoins by Olumide Adesina January 10, 2023 0 We will trade it by transfer at the bank through our accounts . -The dollar was first introduced in 1792. Dollar to naira exchange rate today black market (Aboki dollar rate): The local currency (abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 18th January 2023, in Lagos Nigeria, after it closed at N747.00 per $1 on Tuesday, 16th January 2023. Save my name, email, and website in this browser for the next time I comment. It is mandatory to procure user consent prior to running these cookies on your website. today,News Onlinereports that theCentral Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. Inflation Rates:It is well known that inflation directly impacts black market exchange rates. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. age, net worth, boyfriend, family, height & biography, Share This Post On WhatsApp, Facebook, Twitter, Instagram & Telegram, Terrorism spreading across Africa- UN raises alarm, ImDontai age, net worth, girlfriend, family & biography, dollar to naira black market dollar to naira bank rate today, dollar to naira today black market abokifx, dollar to naira today black market nairaland. As opposed copper the next time I comment $ 1 dollar to Naira = 745 nigerian government now more..., inflation takes over the economy, which usually impacts the inhabitants frequently than... 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