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Exchange Rate

Dollar to naira exchange rate today 15 April 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 15 April 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414 and sold at ₦416, making an average of  ₦415 for $1 on Thursday April 14.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.92 on Wednesday April 13, and closed at ₦416.63 on Thursday April 14. This amount to 0.05 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦106.50 million.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Friday April 14, 2022 selling at ₦595 and buying at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Meanwhile, foreign airlines has indicated that they will no longer accept naira for ticketing but dollar.

Categories
latest news

Foreign airlines to start selling ticket in dollars, naira crashes

Foreign Airlines will from 19 April ask Nigerians looking to travel out of the country to buy their tickets in dollars.

The development is coming amid the worsening shortage of foreign exchange in the country.

Multinational companies operating in Nigeria have been facing difficulties repatriating their dollar profits.

In fact, at the commissioning of the Murtala Muhammed International Airport (MMIA) new terminal, Minister of Aviation, Senator Hadi Sirika, had revealed that foreign airlines’ trapped fund in Nigeria was about N117 billion ($283million).

To checkmate the trapped funds on Wednesday the international airlines on APG Interline Electronic Ticketing Agreements GP code 275 announced plans to start issuing tickets in dollars, effective April 19, 2022.

“We are making this changes due to the difficulty in repatriating airlines’ funds stuck in Nigeria and other countries, coupled with foreign exchange fluctuations”, the group said.

In a travel advisory to its trade partners, titled, “APG IET: Restrictions of Sales in US Dollars”, APG said, “Dear travel partners, warm greetings from APG. This is to bring to your notice that with effect from April 19, 2022, GP would only accept issuing of tickets in US dollars and not naira.

“This is mainly due to repatriation issues and the forex situation in the country. This would most likely be a temporary measure till the forex situation improves. Our sincere apologies for any inconveniences this may cause to you and your business. Thank you for understanding”.

Notable carriers on the APG IET platforms include South African Airways, South African Airways, Fly Dubai, Kenya Airways, Middle East Airlines, Royal Air Maroc, Rwanda Air, Thai Airways, Turkish Airlines, French Bee, Egypt Air, ASKY, Air Seychelles, Air Algerie, and Air Namibia.

Others are Air Panama, Air Burkina, Avianca, Bangkok Airways, Cabo Verde Airlines, Fiji Airways, Hong Kong Airlines, and Malaysian Air amongst others.

Some of the carriers which fly directly into Nigeria are South Africa Airways, Turkish Airlines, Asky Airlines, Egypt Air, Royal Air Maroc, Middle East Airlines, Rwanda Air and Kenya Airways.

If the airlines follow forward with their intentions, the black market exchange rate of the dollar would finally cross N600, as desperate Nigerians travelling out of the country will have to source dollars from the black market.

Categories
Exchange Rate

Dollar to naira exchange rate today 14 April 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 14 April 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.03 and sold at ₦416.03, making an average of  ₦415.03 for $1 on Monday April 13.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.92 on Wednesday April 13, and closed at ₦416.63 on Wednesday April 13. This amount to 0.05 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦106.50 million.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Wednesday April 14, 2022 selling at ₦595 and buying at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

 

 

 

Categories
Exchange Rate

Dollar to naira exchange rate today 7 April 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 7 April 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦415.22 and sold at ₦416.22, making an average of  ₦415.72 for $1 on Monday April 6.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.92 on Tuesday April 5, and closed at ₦416.63 on Monday April 4. This amount to 0.05 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦106.50 million.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Wednesday April 7, 2022 opened at ₦590 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Categories
Business & Economy

CBN announces stopping forex sales by 2022 ending

The Central Bank of Nigeria has announced that it would stop the sale of foreign exchange to banks by the end of the year.

CBN Governor, Godwin Emefiele made the announcement at a briefing during the launch of the apex bank’s new forex repatriation scheme, RT200, held after the Banker’s Committee meeting on Thursday February 10, in Abuja.

According to the CBN Governor, banks must begin to source their forex from export proceeds.

Emefiele said;

“The era is coming to an end when, because your customers need 100million dollars in foreign exchange or 200 million dollars, you now want to pack all the dollars and pass it to CBN to give you dollars.

“It is coming to an end before or by the end of this year. We will tell them don’t come to the Central Bank for foreign exchange again go and generate your export proceeds.

“When those export proceeds come, we will fund them at 5% for you and they will earn rebait. Then you can sell those proceeds to your customers that want 100 million dollars. But to say you will continue to come to the Central Bank to give you dollars, we will stop it.”

Emefiele maintained that the decision is in line with the CBN’s new commitment to boost the country’s foreign reserves through proceeds from non-oil exports.

He added;

“Nigeria cannot continue to depend on FX earnings to fund its import obligations from revenue coming from earnings from products where we cannot determine both price and quantity.”

Categories
Exchange Rate

Dollar to naira exchange rate today 10 February 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 10 February 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦416.37 and sold at ₦417.37, making an average of  ₦416.87 for $1 on Wednesday February 9.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.15 on Wednesday February 9, and closed at ₦416.00 on Wednesday February 9. This amount to 0.16 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦170.94m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday February 10, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Categories
Exchange Rate

Dollar to naira exchange rate today 1 February 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 1 February 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.26 and sold at ₦416.26, making an average of  ₦415.26 for $1 on Monday January 31.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.10 on Monday January 31, and closed at ₦415.33 on Monday January 31. This amount to 0.16 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦95.07m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday February 1, 2022 opened at ₦575 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Categories
Exchange Rate

Dollar to naira exchange rate today 26 January 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 26 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.82 and sold at ₦415.82, making an average of  ₦415.32 for $1 on Monday January 25.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.21 on Tuesday January 25, and closed at ₦416.33 on Tuesday January 25. This amount to 0.02 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦95.52m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Wednesday January 26, 2022 opened at ₦565 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Categories
Exchange Rate

Dollar to naira exchange rate today 25 January 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 24 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.64 and sold at ₦415.64, making an average of  ₦415.14 for $1 on Monday January 24.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.31 on Monday January 24, and closed at ₦416.38 on Monday January 24. This amount to 0.09 per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦136.90m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Tuesday January 25, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Categories
Exchange Rate

Dollar to naira exchange rate today 20 January 2022

dollar to naira exchange rate

FELLOW PRESS reports news on the dollar to naira exchange rate today 20 January 2022.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦414.3 and sold at ₦415.3, making an average of  ₦414.8 for $1 on Thursday January 20.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦415.24 on Tuesday January 18, and closed at ₦416.33 on Monday January 17. This amount to () per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Daily turnover at the forex market stands at ₦124.57m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦470

UBA: ₦510

Sterling Bank: ₦480

FCMB: ₦480

Fidelity: ₦533

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday January 20, 2022 opened at ₦570 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Categories
Exchange Rate

Dollar to naira exchange rate today 13 December 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 13 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.75 and sold at ₦411.75, making an average of  ₦410.75 for $1 on Thursday 9 December.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.69 on Friday December 10, and closed at ₦415.10 on Friday December 10. This amount to 0.01 per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Current turnover at the forex market stands at ₦84.44m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦450

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Monday December 13 opened at ₦565 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

How much is 100 dollar in naira today?

When $100 is exchanged to naira, you will have ₦41,075 at CBN rate, ₦41,369 at forex marketand ₦56,000 at the Bureau De Change (BDC).

Categories
Exchange Rate

Dollar to naira exchange rate today 8 December 2021

dollar to naira exchange rate

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Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 8 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.74 and sold at ₦411.74, making an average of  ₦410.74 for $1 on Tuesday 7 December.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.71 on Wednesday December 8, and closed at ₦415.07 on Tuesday December 7. This amount to 0.02 per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Current turnover at the forex market stands at ₦149.01m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

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Access Bank: ₦450

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Wednesday December 8 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

How much is 100 dollar in naira today?

When $100 is exchanged to naira, you will have ₦41,074 at CBN rate, ₦41,371 at forex marketand ₦56,000 at the Bureau De Change (BDC).

Categories
Exchange Rate

Dollar to naira exchange rate today 7 December 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 7 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.74 and sold at ₦411.74, making an average of  ₦410.74 for $1 on Friday 3 December.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.63 on Tuesday December 7, and closed at ₦415.00 on Monday December 6. This amount to 0.05 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Current turnover at the forex market stands at ₦225.94m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦450

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Tuesday December 7 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

How much is 100 dollar in naira today?

When $100 is exchanged to naira, you will have ₦41,074 at CBN rate, ₦41,363 at forex marketand ₦56,000 at the Bureau De Change (BDC).

Meanwhile, the CBN’s cash reserve policy has been blamed for the decline in the interest income of commercial banks. Financial statements reveals N48.69bn representing 11.45 per cent decline in the last one year.

Categories
Exchange Rate

Dollar to naira exchange rate today 6 December 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 6 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.74 and sold at ₦411.74, making an average of  ₦410.74 for $1 on Friday 3 December.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.854 on Monday December 6, and closed at ₦414.73 on Friday December 3. This amount to 0.05 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

Current turnover at the forex market stands at ₦103.01m.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

GTbank: ₦ 480

Ecobank: ₦ 480

Access Bank: ₦450

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Monday December 6 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

How much is 100 dollar in naira today?

When $100 is exchanged to naira, you will have ₦41,074 at CBN rate, ₦41,385 at forex market, and ₦56,000 at the Bureau De Change (BDC).

Meanwhile, the CBN’s cash reserve policy has been blamed for the decline in the interest income of commercial banks. Financial statements reveals N48.69bn representing 11.45 per cent decline in the last one year.

Categories
Exchange Rate

Dollar to naira exchange rate today 3 December 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 3 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.66 and sold at ₦411.66, making an average of  ₦410.66 for $1 on Tuesday 30 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.94 on Wednesday December 2, and closed at ₦414.80 on Wednesday December 2. This amount to 0.06 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday December 3 opened at ₦565 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

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Dollar to naira exchange rate today 2 December 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 2 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.66 and sold at ₦411.66, making an average of  ₦410.66 for $1 on Tuesday 30 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.59 on Tuesday November 30, and closed at ₦415.07 on Tuesday November 30. This amount to 0.04 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Tuesday December 2 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

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Dollar to naira exchange rate today 1 December 2021

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 1 December 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.66 and sold at ₦411.66, making an average of  ₦410.66 for $1 on Tuesday 30 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.59 on Tuesday November 30, and closed at ₦415.07 on Tuesday November 30. This amount to 0.04 per cent decrease for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Tuesday December 1 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

 

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Exchange Rate

Dollar to naira exchange rate today 29 November 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 29 November 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦411.64 and sold at ₦411.64, making an average of  ₦410.64 for $1 on Monday 25 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.75 on Monday November 29, and closed at ₦415.07 on Friday November 26. This amount to 0.07 per cent increase for naira against dollar.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Saturday November 27 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Meanwhile, The CBN has injected $2.1 billion into the Investors and Exporters (I&E) window, in the seven months to July this year (7mths-2021).

This is one of the measures of the apex bank in a bid to defend the naira.

The amount represents a 238 per cent increase when compared with the $621.1 million injected into the I&E window in the corresponding period of 2020 (7mths-2020).

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News

Dollar to naira exchange rate today 27 November 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 27 November 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.64 and sold at ₦411.64, making an average of  ₦410.64 for $1 on Thursday 25 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, dollar exchange to naira opened at ₦413.71 Friday November 26, and closed at ₦415.07.

The CBN adopts the NAFEX rates from FMDQ, signifying that all exchange rate transactions involving the public and the private sector will reference the prevailing NAFEX rate as its official exchange rate.

It is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Saturday November 27 opened at ₦555 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Meanwhile, the CBN has warned that names of agric loan defaulters would be published in the newspapers.

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Exchange Rate

Dollar to naira exchange rate today 26 November 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 26 November 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.64 and sold at ₦411.64, making an average of  ₦410.64 for $1 on Thursday 25 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, Friday November 26, for $1 dollar to naira = ₦410.54/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Friday November 26 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Meanwhile, the CBN has warned that names of agric loan defaulters would be published in the newspapers.

Categories
Exchange Rate

Dollar to naira exchange rate today 25 November 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 25 November 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.63 and sold at ₦411.63, making an average of  ₦410.63 for $1 on Wednesday 24 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, Thursday November 25, for $1 dollar to naira = ₦411.39/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦470

UBA: ₦465

Sterling Bank: ₦480

Union Bank: ₦414

Stan Chart: ₦463

FCMB: ₦480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday November 25 opened at ₦575 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Meanwhile, the CBN has warned that names of agric loan defaulters would be published in the newspapers.

Categories
Exchange Rate

Dollar to naira exchange rate today 24 November 2021

dollar to naira exchange rate

Dollar to Naira exchange rate today

FELLOW PRESS brings you news on the dollar to naira exchange rate today 24 November 2021.

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦409.64 and sold at ₦411.64, making an average of  ₦410.64 for $1 on Tuesday 23 November.

How Much Is Dollar To Naira Exchange Today At Official Rate?

The official rate today, Wednesday November 24, for $1 dollar to naira = ₦410.96/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How Much Is Dollar To Naira Exchange Today at Bank Rate?

Each commercial banks is at their discretion to fix forex exchange rate. Factors can range from currency availability, demand against the prevailing rate.

See below bank rate of dollar to naira:

Access Bank: ₦ 470

UBA: ₦ 465

Sterling Bank: ₦ 480

Union Bank: ₦ 414

Stan Chart: ₦ 463

FCMB: ₦ 480

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Tuesday November 24 opened at ₦555 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Categories
Exchange Rate

Dollar to naira exchange rate today 22 November 2021

dollar to naira exchange rate

 

FELLOW PRESS brings you news on the dollar to naira exchange rate today 22 November 2021.

This update comprises of dollar to naira exchange at the Central Bank of Nigeria (CBN), official forex rate, and Black Market rate.

 

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦410.57 and sold at ₦411.57, making an average of  ₦411.07 for $1 on Thursday 18 November.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Monday November 21, for $1 dollar to naira = ₦410.32/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Monday November 22 opened at ₦560 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

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Exchange Rate

Dollar to naira exchange rate today 21 November 2021

dollar to naira exchange rate

 

FELLOW PRESS brings you news on the dollar to naira exchange rate today 21 November 2021.

This update comprises of dollar to naira exchange at the Central Bank of Nigeria (CBN), official forex rate, and Black Market rate.

 

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦410.57 and sold at ₦411.57, making an average of  ₦411.07 for $1 on Thursday 18 November.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Sunday November 21, for $1 dollar to naira = ₦410.31/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Sunday November 21 opened at ₦530 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

As at the start of the week Monday, November 15, 2021 Dollar has been traded at ₦410.7427.  This amounts to a 0.02% fall for Dollar to Naira exchange rate in FX markets for this week so far.

On a month review, dollar experience 0.06% fall for Naira in FX markets for this November so far.

And likewise on the year review, dollar traded to naira at the forex at lowest at  January ₦ 376.845 on 06 February 2021 and highest at ₦ 411.783539 on 23 September 2021.

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Exchange Rate

Dollar to naira exchange rate today 19 November 2021

dollar to naira exchange rate

FELLOW PRESS brings you news on the dollar to naira exchange rate today 19 November 2021.

This update comprises of dollar to naira exchange at the Central Bank of Nigeria (CBN), official forex rate, and Black Market rate.

 

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦410.59 and sold at ₦411.59, making an average of  ₦411.09 for $1 on Wednesday 17 November.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Friday November 19, for $1 dollar to naira = ₦410.56/$1.

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The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Thursday November 19 opened at ₦538 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

Meanwhile, CBN has said that the Central Bank Digital Currency (CBDC), a.k.a eNaira, will enhance multi-layered security encryption of the digital currency.

The apex bank also hinted that the initiatives will facilitate the journey to economic diversification of the economy.

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Exchange Rate

Dollar to naira exchange rate today 15 November 2021

dollar to naira exchange rate

 

FELLOW PRESS brings you news on the dollar to naira exchange rate today 15 November 2021.

This update comprises of dollar to naira exchange at the Central Bank of Nigeria (CBN), official forex rate, and Black Market rate.

 

How much is Dollar to Naira Exchange at CBN Rate?

According to available data from the CBN, US dollar to naira exchange rate bought at ₦410.42 and sold at ₦411.42, making an average of  ₦410.92 for $1 on Friday 12 November.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Monday November 15, for $1 dollar to naira = ₦413.5/$1.

The Financial Markets Dealers Quotations (FMDQ),which is the official security exchange where foreign currencies (FOREX) is traded between naira and dollar and other currencies.

How much is exchange rate of Dollar to Naira in Black Market today?

According to Abuja Parallel Market as available with the Bureau De Change (BDC), US dollar to naira as at Monday November 15 opened at ₦540 to $1.

Although, the Central Bank of Nigeria (CBN) has warned individuals who need forex to approach commercial banks.

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Naira hits all time low at interbank market

naira_dollar

The Central Bank of Nigeria-CBN’s decision of abandoning the fix exchange rate has yet birthed another huge effect on the nation’s currency Naira.

Reports from Investorsking has it that naira experience an all time low of N330.50 against the US dollar.

The local currency dropped as much as 5.4 percent to N309 against the US dollar as of 12:24 GMT on Thursday before retreating to N292.40 on the interbank market.

A total of $7.27 million was traded at the interbank market, where traders were expecting the Central Bank to intervene as usual to ease dollar shortages, but up till now central bank is yet to intervene.

“Instead it was mopping up naira liquidity to support the currency. After market closed, a total of $7.10 million trades were done as low as 330.50 naira to the dollar,” a trader said.

“Now that the market has adjusted upwards it seems people are comfortable and that’s why we are seeing some trades,” he added.

Commercial Banks had been selling the dollar at 280 to 285 Naira after the central bank removed its 16-month-old peg of 197 Naira to a US dollar in June.

“But the lack of liquidity at those levels has curbed activity, leaving the central bank as the main supplier of dollars,” traders say.

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Business & Economy

Economist seeks policy change as Naira sinks to 375/dollar

 

naira-Dollar

Economists on Wednesday advised the Federal Government and the Central Bank of Nigeria to review their policies and introduce measures that would turn around the dwindling fortunes of the nation’s economy.

They spoke against the backdrop of the persistent fall of the naira against the dollar, with the local currency exchanging for 375 against the greenback at the parallel market on Wednesday; the imminent economic recession; and the spike in inflation to 16.5 per cent in June.

The Chief Executive Officer, Economic Associates, Dr. Ayo Teriba, who noted that the global fall in crude oil prices had made the nation’s oil revenue to nosedive, said there was a need for the Federal Government to seek foreign exchange from alternatives sources in order to cover for the shortfall.

He said Nigeria and its economic managers could not afford to fold their arms and allow the situation to get worsened. Rather, he said efforts must be geared towards implementing policies that would fight negative growth and inadequate liquidity at the interbank market.

Teriba said, “There are a number of things we can do as a country to boost our forex supply. Just the way India did some years ago, we can tap Nigerians in the Diaspora to contribute forex to save the situation at home. We can’t say we have done all when we have not done this.

“Billions of dollar can be raised through this. Saudi Arabia has just raised billions of dollars by issuing an Initial Public Offering on government agencies. Nigeria can raise billions of dollars in Foreign Direct Investment by issuing IPOs on government monopolies in critical infrastructure like rail, power transmission, oil and gas pipelines. There are a whole lot of things we can do to save the economy.”

A professor of Economics at the Olabisi Obabanjo University, Sherriffdeen Tella, who emphasised the need to stop the speculative attack on the naira, said the Federal Government needed to review its policies and boost local production.

He said, “All attempts must be made to increase local production, especially food items, and reduce importation of such. These, coupled with resistance to price hike, will keep prices down as the economy picks up gradually from reflationary economic policies and stable oil and electricity outputs.”

An economic analyst at Ecobank Nigeria, Mr. Kunle Ezun, said there was the need to close the gap between the exchange rates at the official and parallel markets.

He said the government must also address the spike in inflation, negative GDP growth and naira depreciation effectively and urgently.

Meanwhile, the naira tumbled further against the dollar at the parallel market on Wednesday and closed at 375, down from 368 on Tuesday.

Foreign exchange dealers said the lingering scarcity of forex at the interbank market was shifting dollar demand to the black market.

The local currency had lingered between 346 and 348 at the parallel market before tumbling to over 360 this week, following the total floating of the naira by the CBN on Friday.

The local currency, however, eased slightly against the dollar at the official interbank market and closed at 294.23 on Wednesday, up from 294.87 on Tuesday.

Dealers said the local currency was stuck at 294.23 after just one transaction was carried out, with the supply of dollars drying up and no intervention by the CBN, Reuters reported.

Highlighting the state of the interbank market, an economist at Exotix, Mr. Alan Cameron, said, “Recent FX reforms have been enough to re-open the investment case for Nigeria, but there is still some uncertainty about the functioning of the market.

“The absence of volatility at N283/$ was interpreted as a sign that administrative controls were still in place; it remains to be seen if those will be fully removed.”

According to some analysts, foreign investors have welcomed the removal of currency controls by the CBN but many are still steering clear of the Nigerian economy until it shows signs of a concrete recovery.

“Most investors would like to see a more liquid FX market before resuming purchases of local assets,” the Head of Africa Strategy at Standard Chartered Bank, Samir Gadio, told Reuters.

He, however, added, “Given the significant discount of naira-settled futures, a number of offshore financial institutions and hedge funds could be tempted to get involved in the foreseeable future.”

The Chief Executive Officer, Cowry Assets Management Limited, Mr. Johnson Chukwu, said the naira was falling at the parallel market because demand had shifted there due to lack of liquidity at the interbank market.

However, the National President, Association of Bureau De Change Operators, Aminu Gwadabe, said the naira was not sustainable at 375 to the dollar at the parallel market.

He described the demand as artificial, saying, “I think the parallel market has been taken over by some forces. Where is this demand coming from? I think this is not sustainable.”

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Naira continues drop against dollar

naira-Dollar
The Naira, on Wednesday, maintained its loss against the dollar at the parallel market, the News Agency of Nigeria (NAN), reports.

The Nigerian currency, which lost three points on Tuesday to exchange at N368 from N365 on Monday, also traded at N368 to the dollar on Wednesday afternoon.

The naira also maintained N478 to the Pound Sterling it posted on Tuesday, but weakened further against the Euro as it traded at N402 to a Euro, from N400 it exchanged on Tuesday.

At the Bureau de Change segment of the market, the naira exchange at N370, N485 and N405 against the dollar, Pound Sterling and the Euro, from N366, N470 and N399 it traded respectively on Tuesday.

Traders at the market said that the fall was as a result of shortage of foreign currency which could not meet up local demand.

They expressed worry that the impact of the flexible forex policy is yet to be felt as the naira continues to depreciate in virtually all segments of the market.

They noted that over 21 billion dollars remittance from the diaspora to the economy at the end of 2015 could not salvage the dollar scarcity. (NAN)