How much is Dollar to Naira Today Tuesday 14/09/2021? (Official/ Black Market Rates)

How much is Dollar to Naira Today Tuesday 14/09/2021? Official/ Black Market Rates dollar to Naira can be accessed below:

Here you will also see GBP to Naira and EUR to Naira today.

How much is Dollar to Naira Today?

See the current dollar to Naira exchange rate as of today.

GoldenNewsNg learnt that currently, Dollar to naira exchange bank rate is far lower than the dollar to naira aboki rate. Note that the exchange rate in banks is different from the exchange rate in the parallel market. See the details below. Dollar to Naira Today

The Exchange Rate of Dollar To Naira Today

GoldenNewsNg gathered that the exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded, showed that the naira opened at N412.46 per dollar on Tuesday, September 14th, 2021, after it closed at 412.00 per $1 on Friday, September 10th, 2021.

What is the Exchange Rate of Dollar To Naira in Black Market Today?

The Nigeria black market dollar exchange rate today to the Nigerian Naira is as follows:

LAGOS PARALLEL MARKET RATES September 14th, 2021 (BLACK MARKET)

According to abokiFX, the local currency opened at N545.00 per $1 at the parallel market otherwise known as the black market, today, Monday, September 13th, 2021, in Lagos Nigeria.

According to the data published on abokiFX, which is known as the “official black market rate“, showed that at the black market, the players buy a dollar for N538 and sell for N545 on Tuesday morning, September 14th, 2021.

This means that the USD started this week at ₦545 in Parallel Market also known as Black Market on Tuesday , September 14th, 2021.

Dollar to Naira yesterday

This is the Dollar to Naira exchange rate as of yesterday and the past 3 days.

Source: Aboki FX Dolar Rate (abokifx.com)

The dollar to naira black market rate is N495 is you want to sell and N500 if you want to buy. That is, if you have dollars that you want to exchange dollars for naira (sell), the amount is N495/$. On the other hand, if you want to exchange naira to the dollar (buy), the amount is N500/$. Dollar to Naira Today

This is the dollar to naira exchange rate in the streets. It’s also called dollar to naira rate in the parallel market or dollar to naira Aboki rate. Black market money exchangers are local BDC street retailers found in almost all states in Nigeria.

Dollar to Naira parallel market

What is aboki exchange rate in Nigeria today? The exchange rate of Dollar to Naira Today is minimal. If you have a dollar to change with Aboki, make sure you confirm the dollar to naira bank rate today so that you will not be cheated. From the table above, you can see that the dollar to naira black market rate is N495.

As of today, the exchange rate dollar to naira black market is different from the bank rate which is N411/$. According to Morningstar, one United States Dollar equals 411.00 Nigerian Naira.

Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. This has weakened Naira to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates. Dollar to Naira Today

Dollar to Naira CBN Rate today

Source: cbn.gov.ng

How CBN regulates Exchange Rates of Dollar to Naira today

Dollar rate in Nigeria bank (Data Source: CBN)

Dollar to Naira in the News Today

GoldenNewsNg gathered that the Nigerian naira hit a new record low of 549 against the dollar on the black market on Monday, traders said, as buyers scrambled to secure scarce dollars.

The currency has been hitting new lows on the unofficial market following central bank actions to channel demand for the greenback from the black market.

The naira hit a low of 545 on the black market on Friday.

“The market has dried up of funding,” one trader said. “The ban is creating artificial hikes as dealers now sell to the highest bidder.”

The central bank in July banned dollar sales to bureaux de change operators, saying they had become conduits for graft and illicit money flows. It used to supply around $100 million weekly to exchange bureaux before the ban.

The naira traded at 412 per dollar on the official spot market on Monday, in the range of 407 to 412 naira where it has been since June.

Nigeria is battling dollar shortages brought on by low oil prices following disruptions linked to the COVID-19 pandemic. The central bank has devalued the currency three times since March 2020, but the naira has continued to weaken.