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 Black Market Against Dollar 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
22
SHARES
Advertisements

Naira Falls Massively At Black Market Against Dollar See Exchange Rate below: 

GoldenNewsNg reports that Naira has fallen massively at the black market against dollar.

The Nigerian official currency, Naira has fallen massively weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.

READ ALSO

Do Not Put Your BVN on This Portal: NELFUND Warns Students Against Fake Loan Application Site

Apply Now: Jobber Woman Program Cohort 2 FREE Business Support For Nigerian Female Entrepreneurs

This online news platform understands that survey at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Sunday evening, November 21, 2021, showed that the Naira exchanged at N560/$1, two weeks after it exchanged for N530/$1.

 

 

While the speculators were hoping to see a further crash of the dollar following the steady rise of the Naira last week, the reverse is the case as the Naira trades at N560/$1 at the black market as against the N530/$1 it traded last week. This shows that the Naira lost N30 between November 15 and now.

GoldenNewsNg reports that the players at black market, bought a dollar for N547 and sold for N560 on Sunday evening, November 21, 2021 after they bought N537 and sold for N541 at the beginning of the week.

BREAKING: Naira Falls Massively At Black Market Against Dollar See Exchange RateCBN Governor, Godwin Emefiele.

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.

Even though the dollar to naira opened at the parallel market (black market) at ₦560 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

Arraignment Of Igboho Aides could not hold following the absence of an interpreter

Next Post

Broken Promises, The EFCC Love For Gaffes, Media Trials And Politics By Sulaiman Aledeh

Related Posts

Do Not Put Your BVN on This Portal: NELFUND Warns Students Against Fake Loan Application Site

Do Not Put Your BVN on This Portal: NELFUND Warns Students Against Fake Loan Application Site

The Nigerian Education Loan Fund (NELFUND) has issued a strong warning to students across the country to beware of fraudulent...

Read moreDetails

Apply Now: Jobber Woman Program Cohort 2 FREE Business Support For Nigerian Female Entrepreneurs

Jobber Woman Program

The Jobber Woman Programme Cohort 2 is inviting female entrepreneurs to apply for its Free business support. Jobber Woman Program...

Read moreDetails

Dangote Refinery Reduces Petrol Price as Global Oil Prices Drop – Announces New Rate

Dangote Refinery Reduces Petrol Price as Global Oil Prices Drop – Announces New Rate

Dangote Petroleum Refinery has announced a reduction in its ex-depot petrol price following the recent global oil price drop.  ...

Read moreDetails

Happy New Month Messages for July 2025, New Month Prayers, and Quotes for All Friends & Loved Ones

Happy New Month Messages for July 2025

Happy New Month Messages for July 2025: New Month Prayers and Quotes for All Friends and Loved Ones to Feel...

Read moreDetails

Top 15 Most Expensive Hotels in Nigeria and their Location (2025 Updated Guide)

most expensive hotels in Nigeria,

Nigeria’s hospitality industry has witnessed remarkable growth in recent years, with a surge in modern hotel infrastructure and global-standard service...

Read moreDetails

Student Loan Update: 366,000 Nigerians Receive ₦73.1 Billion Under NELFUND

Do Not Put Your BVN on This Portal: NELFUND Warns Students Against Fake Loan Application Site

The Nigerian Education Loan Fund (NELFUND) has disbursed over ₦73.1 billion in student loans to 366,247 Nigerian students across 206...

Read moreDetails

How to Cancel Processing Transaction on Opay

Cancel Processing Transaction on Opay

How to Cancel Processing Transaction on Opay Have you ever tried to send money or pay a bill on Opay,...

Read moreDetails

Union Bank Begins BVN Verification for YEIDEP ₦50,000–₦500,000 Empowerment Grant Disbursement

Union Bank Begins BVN Verification for YEIDEP ₦50,000–₦500,000 Empowerment Grant Disbursement

Union Bank Begins BVN Verification for YEIDEP ₦50,000–₦500,000 Empowerment Grant Disbursement GoldenNewsNg reports that the Youth Economic Intervention and De-Radicalization...

Read moreDetails

Top 10 States in Nigeria with the Highest Debt Profile Currently

Top 10 States in Nigeria with the Highest Debt Profile Currently

Top 10 States in Nigeria with the Highest Debt Profile: Despite National Decline, Some States Remain Deep in Debt GoldenNewsNg...

Read moreDetails

Apply Now: Niger Delta Development Commission (NDDC) Local Master’s Postgraduate Scholarship 2025/2026

NNDC Local Postgraduate Scholarship

NDDC has Announced 2025/2026 Local Postgraduate Scholarship Programme for Niger Delta Indigenes. apply now following the guidelines below... GoldenNewsNg reports...

Read moreDetails
Load More
Next Post
Broken Promises, The EFCC Love For Gaffes, Media Trials And Politics By Sulaiman Aledeh

Broken Promises, The EFCC Love For Gaffes, Media Trials And Politics By Sulaiman Aledeh

SEARCH ADS

Latest Posts

Do Not Put Your BVN on This Portal: NELFUND Warns Students Against Fake Loan Application Site
Education

Do Not Put Your BVN on This Portal: NELFUND Warns Students Against Fake Loan Application Site

Jobber Woman Program
business

Apply Now: Jobber Woman Program Cohort 2 FREE Business Support For Nigerian Female Entrepreneurs

Dangote Refinery Reduces Petrol Price as Global Oil Prices Drop – Announces New Rate
business

Dangote Refinery Reduces Petrol Price as Global Oil Prices Drop – Announces New Rate

CDCFIB Issues Fresh Update on Recruitment Portal Opening
Jobs

CDCFIB Issues Fresh Update on Recruitment Portal Opening

Happy New Month Messages for July 2025
Daily Guides

Happy New Month Messages for July 2025, New Month Prayers, and Quotes for All Friends & Loved Ones

most expensive hotels in Nigeria,
Daily Guides

Top 15 Most Expensive Hotels in Nigeria and their Location (2025 Updated Guide)

Do Not Put Your BVN on This Portal: NELFUND Warns Students Against Fake Loan Application Site
Education

Student Loan Update: 366,000 Nigerians Receive ₦73.1 Billion Under NELFUND

FG Confirms YEIDEP ₦50,000 to ₦500,000 Payment Schedule for July 2025
Jobs

FG Confirms YEIDEP ₦50,000 to ₦500,000 Payment Schedule for July 2025

Cancel Processing Transaction on Opay
Daily Guides

How to Cancel Processing Transaction on Opay

Union Bank Begins BVN Verification for YEIDEP ₦50,000–₦500,000 Empowerment Grant Disbursement
Headline

Union Bank Begins BVN Verification for YEIDEP ₦50,000–₦500,000 Empowerment Grant Disbursement

© 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