The black market exchange rate of the US dollar to Naira in Nigeria early morning of Wednesday, January 13, 2021, was N474/N470 (buy/sell). Disclaimer: This…
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Tag: Dollar To Naira
CBN defends naira with $4.37bn in three months
The foreign exchange market gulp $4.37bn in the third quarter of 2020 as one of the moves by the Central Bank of Nigeria (CBN) to…
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25 Weakest Currencies in Africa, Naira Is On The List Despite Nigeria’s Rich Economy
All over the world, a currency can either be strong or weak, depending on many factors and economic policies of such country, financial experts say.…
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5 Things to Watch in Dollar To Naira This Week December 14, 2020
Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be interesting and here are the…
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Naira-Dollar Closes At N475/1USD At Parallel Market On December 4, 2020
The daily parallel market exchange rate closed at ₦475/1USD as Nigeria dived into the first weekend in the month of December (Friday, Dec 4, 2020).…
View More Naira-Dollar Closes At N475/1USD At Parallel Market On December 4, 2020How To Use Domiciliary Account In Nigeria According To CBN Guidelines
Domiciliary Account allows individuals, businesses and corporate organisations to receive and make payments in foreign currencies. In this post, we’ll tell you the CBN circular on…
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US Dollar Sells for N495 At Parallel Market, Hours After CBN Comment on Forex
The Nigerian Naira now goes for N495 against one US dollar at the parallel market at the close of trading Thursday, November 27, 2020, it’s…
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Parallel Market Is Shallow Godwin Emefiele
Governor of Nigeria’s apex bank Godwin Emefiele has said that the parallel market is shallow and illegal, patronise by those who engage in illicit transactions…
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Parallel Market: CBN Governor Got It Wrong On Foreign Exchange
I watched the governor of the Central Bank of Nigeria (CBN) Godwin Emefiele speak on the activities of speculators on the foreign exchange on TV,…
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Naira Depreciates To N478 Against USD At Parallel Market, Worst Exchange Rate In 7 Months
The pressure on the Nigerian currency persists as Naira depreciated further Wednesday, hitting N478 against 1US Dollar. It closed at N470/$1 at the parallel market…
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Naira Weakens To 470/USD Despite Nigeria’s Apex Bank Interventions
Between November 11-November 13, 2020, the interventions of the Central Bank of Nigeria (CBN) seemed to be losing impact as Naira weakened against the US…
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Nigeria’s Foreign Exchange Falls To $35.63bn, Lowest In 2 Months
Nigeria’s foreign exchange reserves have fallen to $35.63 billion, should investors be worried? The latest from the Central Bank of Nigeria (CBN) has shown Nigeria’s…
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How To Increase Value Of Nigerian Naira (10 Workable Ways)
Summary: A look at policies Nigeria’s apex bank (Central Bank of Nigeria) can consider to increase the value of Nigerian Naira against other currencies. In…
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CBN Exchange Rate US Dollar to Naira (From 1972 Till Date)
Between January to July 2020, US dollar to Nigerian Naira exchange rate at the Central Bank of Nigeria (CBN) was N360/$1 until the unification of…
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GTBank Domiciliary Account Holders Lament Over Inability to Withdraw or Make Transfer
Until September 24, 2020, GTBank domiciliary account was the best in Nigeria, there is no gainsaying about that. But that seems to have changed following the…
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Full List: Certified Bureau De Change Operators in Nigeria
Bureau De Change (BDC) is any company that is licenced by the Central Bank of Nigeria (CBN) to carry out small scale foreign exchange business…
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Is It Possible To Buy Dollars Directly From CBN?
As the pressure on Nigerian Naira continues, one of our readers asked, “Is it possible to buy dollars directly from Central Bank of Nigeria (CBN)?…
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