As you go about transacting, let's give you a few hints and fact about Euro. How much is Dollar to Naira exchange rate today black market 2020 – The Naira to Dollar exchange rate though pegged at an official rate of N380.5 per $1 had been at what could be described as freefall in the black market. It is the second largest and second most traded currency after the United States dollar. This level of hardship can result to depression and possible death by suicide. However with this increase in prices of commodity and with the way Naira is depreciating, Salaries in Nigeria remain the same and at worst, companies are cutting down expenses and laying off their staffs as things get harder. The CBN official exchange rate of the Euro to Naira today is:. This represents a N1 gain when compared to the N476/$1 that it exchanged for on Friday, December 9. Your email address will not be published. Explore Data on the Nairametrics Research Website, Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira remained stable against the dollar to close at N475/$1 on Monday. A: Today's exchange rate (460.8462) is higher compared to yesterday's rate (0). On this page, access daily Naira to Dollar exchange rate for both the parallel market (black market) and the CBN.. The exchange rate between the naira and the US dollar for today (Tuesday, December 15th 2020), stands at ₦470/US$1 in the parallel market. It is very clear that hardship is gripping this nation called Nigeria. This is to boost the supply of dollars in the foreign exchange market and reduce the high demand for forex by traders, This was the same rate that it exchanged for on Friday, December 10. The opening indicative rate was N392.55 to a dollar on Monday. Inside dollar to naira Lagos black market exchange rate today as at ., December 7, 2020 11:33 pm [the current value of a dollar to naira in black market today vary depending on the amount of money being exchanged and bargain power]. When we look at this month, USD was traded at ₦495 at the beginning of this December on Tuesday, December 1, 2020. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. The Euro is the second-largest reserve currency and also the second most traded currency in the world today after the United States Dollar (USD). Buying @ 1 Rand = 22.59 Naira Selling @ 1 Rand = 22.65 Naira Naira to Rand CBN Rate Lagos dollar to naira black market rate today. The symbol for Euro is € and the exchange rate of Euro to Naira in the black market in Lagos today is. This is an obligation of manufacturers to their foreign suppliers that continues to increase in the face of dollar shortages. Some members of MPC of the CBN have expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. The exchange rate between the naira and the European euro stands at ₦560/€1 on Wednesday November 18th 2020. Things are now so expensive that even Toyoya Camry 2010 that used to be N2.5million is now N3.5million. This represents an 11 kobo gain when compared to the N392.66 that was recorded on Friday. Our website is made possible by displaying online advertisements to our visitors. This represents a 60 kobo gain when compared with the N394.60/$1 that it exchanged for on Thursday, December 9. Dollar To Naira. However, this movement was a wrong one as it depreciated by N2 or 0.43 per cent to settle at N465/$1 in contrast to N463/$1 it … Currency converter The converter shows the conversion of 1 euro to Nigerian naira as of Tuesday, 24 November 2020. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira appreciated against the dollar to close at N475/$1 on Friday. Naira to Euro Black Market Rate. However, the gains appear to have been completely erased with the recent crash of the exchange rate. He has worked in research and marketing departments of three top commercial banks. After maintaining stability for some days, the Naira finally recorded a movement against the United States Dollar on Wednesday at the black market. NAFEX: The Naira appreciated against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N390.25/$1. By Adedapo Adesanya The local currency came under pressure against the British Pound Sterling and the Euro at the black market yesterday, causing the Naira to lose value against the two foreign currencies. The Naira is the currency used by Nigeria, which is the biggest black nation in Africa. Activity: US Dollar stands at ₦470/US$1 in the parallel market, READ ALSO: The risk of buying Forex at black market rate of N460/$1. Todays Exchange Rate In Naira. Parallel market: According to information from Abokifx – a prominent FX tracking website, at the black market where forex is traded unofficially, the Naira depreciated against the dollar to close at N500/$1 on Friday. Some members of MPC of the CBN had expressed serious concerns over the increasing demand pressure in the country’s foreign exchange market. State where forex is sold Naira is simply written as NGN of dollars in the face of dollar shortages make! 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