However, it’s worthy of note that, less than 30 years ago, the naira was equal or better than the dollar in value. Sadly enough, the Nigerian economy that used to be the best in Africa, and among the best in the world has been reduced to nothing as a result of our dependency on only oil. At least, it is used as the standard exchange currency. A country that imports so much will definitely have a poor currency. The Dollar exchanged for about 160 nairas. But sadly, this is not the case with Nigerians. Dollar to Naira Exchange Rate Today – It seems as if the amount of selling dollar keeps increasing every day, so Let’s see how much is Dollar to Naira Black Market Exchange Rate Today though the figures won’t be encouraging at all as the Nigeria naira is being placed in low value. So that is it, guys. Convert 1 US Dollar to Nigerian Naira. this colonial mindset is still affecting us till date. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Please send us your ATM Rates for publishing, Send:Date, Location, Bank, Rate, Currency, **XAF – Central African CFA Franc (Cameroon CFA – Cam), We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Canadian Dollar To Naira Exchange Rate Today Black Market & Official Rate; tags: Nigerian Bank Exchange Rate Today 2020. 3 of 1997,No. NAIRA(₦) USD($) EURO(€) GBP(£) Buy/Sell: Buy/Sell: Buy/Sell: 11/12/2020: 470/475 You can take my word for it. The American dollar is among the most valued currencies in the world. 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. To have a monthly quick review, US Dollar to Naira exchange rate was noted as ₦463 as the Black Market opened on Monday, November 02, 2020 at the start of last month. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. 24 of 1991, CBN Decree Amendments 1993,No. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. 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. On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. 1 USD = 380.7953 NGN 1 Dollars = 380.7953 Nigerian Naira The United States dollar is not made of paper; it’s made of cotton, silk fibres and linen blend, The $2 bill is barely in circulation. Todays Exchange Rate In Naira. Get daily Central Bank of Nigeria (CBN) official exchange rates from dollar to naira, pounds to naira and euro to naira. Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. The black market is the same as the parallel market. 1 US dollar sells for #360 and is being bought for the sum of #360. CHF NZD 1.585 Swiss Francs to New Zealand Dollars CHF AUD 1.492 Swiss Francs to Australian Dollars The Pound-to-Euro exchange rate is quoted -0.36% … Dollar To Naira Exchange Rate. As at today with USD being traded at ₦476 we see a -0.19% decline for United States Dollar to Naira exchange rate for this month. It’s no longer new that different banks have different dollars to Naira exchange but GTBank Dollar to Naira exchange rate seems to be very stable. However, with the recession now declared over, an end might be in sight. You still have any other thing you would like to know or ask us? The Nigerian economy was so strong then. Nominal growth In the Education sector in the second quarter of 2020 was –22.09% (year-on-year). Tell you what; trillions of naira have been looted from public coffers by politicians saddled with the responsibility of using these funds for the betterment of the country. This post is being updated every day to make sure that it is accurate. Abokifx Exchange Rates – Dollar to Naira Rate Today & Euro To Naira. Necessities like rice, plantain, fish, toothpick, spoon, etc. 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. Nominal GDP growth of the MAJOR reasons discourse below: the 1970s oil boom in Nigeria today, 09. … ] dollar to Naira exchange rate for both the parallel market black. Gain value if the country boasts of vast deposits of mineral resources, human resources as well as numerous attractions! 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