GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

BREAKING: Naira Falls Massively At Aboki Black Market April 1st, See Exchange Rate

Enudi Golden by Enudi Golden
January 11, 2024
in business, Featured, Headline, World News
Reading Time: 2 mins read
(USD) Dollar to Naira Black Market Rate Today 11 April 2022 Aboki
24
SHARES
Advertisements

Naira Falls Massively At Aboki Black Market April 1st, See Exchange Rate

Naira has fallen massively on April 1 at Aboki black market with a new exchange rate emerging.

GoldenNewsNg reports that the Nigerian official currency, the naira has fallen massively against the United States dollar exchanging at N590/$1 weeks after a steady exchange rate of N570/$1.

READ ALSO

JAMB Announces Date for Fresh 2025 UTME Exams

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

A survey conducted by  GoldenNewsNg financial experts at the Bureau De Change (BDC) market in Lagos, Nigeria’s commercial city, Friday morning, April 1, 2022, showed that the naira to usd exchanged at N590/$1, failing to maintain the N570 position of 1 dollar to naira it stood for weeks, months after USD to naira exchanged for N530/$1.

Naira to dollar falls massively at Aboki black market (parallel market)

BREAKING: Naira Falls Massively At Aboki Black Market April 1st, See Exchange Rate

GoldenNewsNg reports that the players in the parallel market better known as the black market bought a dollar at N58 5and sold for N590 on Friday, April 1, 2022.

The exchange rate between the naira to dollar and dollar to naira on Friday showed that the Nigerian official currency, the naira has fallen against the United States dollar months after a steady rise which saw it gain over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.

Meanwhile, GoldenNewsNg reports that this is coming months after the Central Bank of Nigeria (CBN) had on July 27, 2021, suspended foreign exchange (forex) sales to BDC operators and directed all those with a genuine need for forex to revert to banks. The naira lost value at a whooping N85 to the dollar in less than two months from N490/$1 to N575/$1 on September 20, 2021.

Even though the dollar to naira opened at the parallel market (black market) at ₦590 per $1, GoldenNewsNg reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. 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.
Disclaimer: GoldenNewsNg does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

BREAKING: FIFA Cancels Nigeria vs Ghana Match over crowd violence – See New Date

Next Post

NPower NEXIT Loan Second Batch Training To Commence In April 2022

Related Posts

JAMB Announces Date for Fresh 2025 UTME Exams

JAMB Announces Date for Fresh 2025 UTME Exams

JAMB Announces Date for Fresh 2025 UTME Exams   The Joint Admission and Matriculation Board (JAMB) has announced plans to...

Read more

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home Ever wondered how much a Nigerian governor...

Read more

5 Things To Know About the New NPower Skill-to-Wealth Program

5 Things To Know About the New NPower Skill-to-Wealth Program

5 Things To Know About the New NPower Skill-to-Wealth Program   The Federal Government is stepping up its empowerment initiatives...

Read more

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 14th May 2025

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025

The dollar to naira rate keeps making headlines, and if you’re here, chances are you’re looking for today’s black market...

Read more

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know Choosing to study Civil Engineering in Nigeria...

Read more

How to Become a Civil Engineer in Nigeria (2025 Guide)

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)

How to Become a Civil Engineer in Nigeria (2025 Guide) Civil engineering is one of the most respected and rewarding...

Read more

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025) Civil engineering remains one of the most respected...

Read more

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025

The dollar to naira rate keeps making headlines, and if you’re here, chances are you’re looking for today’s black market...

Read more

2025 Cut Off Mark and Admission Requirements for Mass Communication In DELSU

DELSU JAMB Subject For Mass Communication

 What is the Cut off Mark to Study Mass Communication in Delsu   Thinking about studying Mass Communication at DELSU...

Read more

2025 Cut-Off Mark and Admission Requirements for Business Administration in DELSU

2025 Cut-Off Mark and Admission Requirements for Business Administration in DELSU

Are you planning to study Business Administration at DELSU and wondering what the cut-off mark and admission requirements are? You're...

Read more
Load More
Next Post
NPower Nexit Update Today 26th May 2023

NPower NEXIT Loan Second Batch Training To Commence In April 2022

SEARCH ADS

Latest Posts

News

Ward Devt Project: Niger allocates N3million each to 274 wards

Best Jamb Result
Jamb & All Education News

Best Jamb Result 2025 | Top 10 Highest Score In 2025

JAMB Announces Date for Fresh 2025 UTME Exams
Education

JAMB Announces Date for Fresh 2025 UTME Exams

News

The Evolution and Influence of Concern and Solution Systems

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home
General Information

Nigerian Governors Salary Structure in 2025: Full Breakdown & Allowance and Take Home

5 Things To Know About the New NPower Skill-to-Wealth Program
Headline

5 Things To Know About the New NPower Skill-to-Wealth Program

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 13th May 2025
business

Black Market Dollar to Naira Exchange Rate Today – USD to Naira 14th May 2025

News

Niger set to establish $200 CNG plant in Lambata

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know
Jamb & All Education News

JAMB Cut Off for Civil Engineer in Nigeria 2025: What You Should Know

Civil Engineer Salary Structure in Nigeria: How Much They Are Paid (2025)
Education

How to Become a Civil Engineer in Nigeria (2025 Guide)

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News