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

Dollar to naira black market exchange rate today 10 Nov 2021 Abokifx

Enudi Golden by Enudi Golden
January 11, 2024
in business, Featured, Headline, World News
Reading Time: 3 mins read
Dollar To Naira Black Market Exchange Rate For Today Wednesday 8 February 2023
13
SHARES

READ ALSO

FG Increases Scholarship Grants, Launches New ₦6 Billion Scheme for Medicine, Vocational Studies – Apply Now

Apply Now: Lagos State Reopens Scholarship Portal for 2024/2025

Advertisements

Dollar to naira black market exchange rate today 10 Nov 2021 Abokifx

Dollar to Naira Black Market Exchange Rate today. You can now check dollar to naira black market here.

Let’s take to See the current dollar to Naira exchange rate as of today. Let’s help compare the Dollar to Naira bank rate vs aboki rate.

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

Selling Rate 575             Buying Rate 570

Obviously, If you have just a few hundred of dollars right now in Nigeria, you are made, in fact you are a rich man .

Interested in knowing what the black market rates are in Abuja and Lagos? dealers exchanged the naira at 575

While if you want to sell 1 dollar right now, they will buy it at 570

This means that if you have 1 Dollar right now you are going to change it for 575

Previously it was reportedly sold in Southend of Nigeria, In Uyo, dealers are said to trade at 565 dollar by punch

Dollar, Pounds, Euro to Naira Today – GBP to Naira Today

Date Currency Selling(NGN) Buying(NGN)
November 10, 2021 US DOLLAR 575 570
November 10, 2021 POUNDS STERLING 775 763
November 10, 2021 EURO 667 656

Dollar to Naira Yesterday and Throughout the Week

“browsing through the market report and watch of TheCable showed that the Nigerian Naira was and currently exchanges at N575 to the dollar at just three different markets in Lagos, ”

This implies a N0.06 or 0.02 per cent appreciation from N414.73 it exchanged in the previous session .

exchange rate between the naira and the US dollar opened at ₦413.94/$1 and closed at ₦415.07/$1, showing an increase at 0.24.

According to data from FMDQ, forex turnover for was pegged $103.16 million up from $334.97 million

Black Market  table rate 

1 575
5 2875
10 5750
15 8625
20 11500
25 14375
30 17250
40 23000
50 28750
100 57500
150 86250
200 115000
250 143750
300 172500
350 201250
500 287500
750 431250
1000 575000
1500 862500
2000 1150000
5000 2875000
10000 5750000
Black market rate

Key Factors that Affect Foreign Exchange Rates

Here are factors we have identified that make naira or exchange rate to fluctuate.

INFLATION RATES: inflation is known to have a direct impact on blackmarket exchange rate. If the Nigerian economy can be stable and inflation put under control, it will impact positively on the Naira but on the other hand if the Naira continues to nose dive down it could tell that the prices of food and other basic necessities are getting higher on daily basis.

INTEREST RATES: interest rates is another instrument to watch. If the rate at which bank lends money out goes up then it will reflect negatively on the economy, making the economy to contract and hence naira will suffer a fall in value.

GOVERNMENT DEBT: National debt can influence investors confidence and subsequently inflow of dollars into the economy. If inflows are high naira exchange rate will appreciate favourably to the Naira.

SPECULATION: most times naira to dollar exchange rate are influenced because of speculators. They hoard money in anticipating gain and this makes naira to fall further.

TERMS OF TRADE: favourable terms of trade will lead to increase in the value of Naira to dollar but unfortunately Nigeria is experiencing an imbalance terms is trade. We import everything from China, India and most of Asians countries.

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

Dollar To Naira Exchange Rate Today 10 November 2021

Next Post

Biography Of Nonye Soludo The Incoming First Lady Of Anambra State

Related Posts

FG Increases Scholarship Grants, Launches New ₦6 Billion Scheme for Medicine, Vocational Studies – Apply Now

FG Increases Scholarship Grants,

The Federal Government of Nigeria has announced an increase in scholarship grants across all academic levels and introduced two new...

Read moreDetails

Apply Now: Lagos State Reopens Scholarship Portal for 2024/2025

Apply: Lagos State Scholarship Reopened for 2023/2024 and 2024/2025

Good news for Lagos State students! The Lagos State Scholarship Board (LSSB) has officially reopened its portal for scholarship applications...

Read moreDetails

Kano Govt Announce Recruitment for Biomedical Engineers

Kano Govt Announce Recruitment for Biomedical Engineers

The Kano State Hospitals Management Board, with the approval of His Excellency Alhaji Abba Kabir Yusuf, has announced job openings...

Read moreDetails

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 

Boost Your Business: Free Digital Skills Training for Women Entrepreneurs in Lagos Boost Your Business: Free Digital Skills Training for...

Read moreDetails

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel A fresh wave of competition is shaking up Nigeria’s...

Read moreDetails

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily If you’re a fashion designer or tailor looking for...

Read moreDetails

NPHCDA Opens Recruitment for Local Government Vaccine Accountability Officers

NPHCDA Opens Recruitment for Local Government Vaccine

NPHCDA Opens Recruitment for Local Government Vaccine Accountability Officers The National Primary Health Care Development Agency (NPHCDA) has announced the...

Read moreDetails

FG Announces Key Changes in Education Funding Process – links disbursement of UBEC fund to state performance 

FG links disbursement of UBEC fund to state performance 

FG Announces Key Changes in Education Funding Process - links disbursement of UBEC fund to state performance   The Federal Government is...

Read moreDetails

FG Gives Fresh Update On 2025 Police Recruitment

2025 Police Recruitment

The Federal Government has shared a fresh update on the much-anticipated 2025 police recruitment exercise, giving Nigerians a clearer picture...

Read moreDetails

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears If you're one of the many applicants waiting to...

Read moreDetails
Load More
Next Post
Biography Of Nonye Soludo The Incoming First Lady Of Anambra State

Biography Of Nonye Soludo The Incoming First Lady Of Anambra State

SEARCH ADS

Latest Posts

FG Increases Scholarship Grants,
Education

FG Increases Scholarship Grants, Launches New ₦6 Billion Scheme for Medicine, Vocational Studies – Apply Now

Apply: Lagos State Scholarship Reopened for 2023/2024 and 2024/2025
Education

Apply Now: Lagos State Reopens Scholarship Portal for 2024/2025

Kano Govt Announce Recruitment for Biomedical Engineers
Headline

Kano Govt Announce Recruitment for Biomedical Engineers

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 
business

Digital Skills for Women in Business 4.0 – Apply Now for Free Training 

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel
business

Petrol Prices Fall as Importers Challenge Dangote Refinery with Cheaper Fuel

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily
business

SMEDAN Launches Solar-Powered Fashion Hub in Abuja for Just N500 Daily

NPHCDA Opens Recruitment for Local Government Vaccine
Headline

NPHCDA Opens Recruitment for Local Government Vaccine Accountability Officers

FG links disbursement of UBEC fund to state performance 
Education

FG Announces Key Changes in Education Funding Process – links disbursement of UBEC fund to state performance 

2025 Police Recruitment
Headline

FG Gives Fresh Update On 2025 Police Recruitment

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears
Headline

Teachers Recruitment: Bayelsa Releases Shortlist Update, Confirms Payment of Salary Arrears

© 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