Lagos, Nigeria (CNN)The Nigerian government has approved a 10 billion Naira grant (about $27 million) to fight the spread of coronavirus, or COVID-19, in the country. Forex Market Crypto Market ... 2021-01-19. ... End SARS accounts saved Naira-Dollar exchange ... produce at 1.5 million barrels a day as against a capacity to produce 2.3 million. A 5 hundred thousand naira salary is “as good as it gets” in Nigeria, yet even an individual earning so much earns just 6 million naira per annum. GBP British Pound. US Dollar is being traded at ₦480 in Black Market (Lagos) today, February 04, 2021.US Dollar started this week at ₦480 in Black Market on Monday, February 01, 2021. The forex reserves reduced by $36.81 million or by 0.1 percent between January 26 and 27, 2021. The exchange rate at the parallel market closed at N480/$1… Never miss important updates! It's actually 19 million Singapore dollars, which is equivalent to 13.7 million US dollars. The dollar has traded moderately firmer, while modest weakness has been seen in the euro and yen, alongside a smidgen of firmness in the Canadian dollar. PAY ATTENTION: Install our latest app for Android, read best news on Nigeria’s #1 news app, N-Power Project: I Graduated in 2005 and Have Been Unemployed Before N-Power Fixed Me Up - on Legit TV, Leave your email to receive our newsletter, Get the hottest stories from the largest news site in Nigeria, Drop your mail and be the first to get fresh news, BREAKING: FG sets fresh law for passengers from these 2 nations over new strain of COVID-19, OPINION: With Ibom Deep Seaport, Akwa Ibom state can never remain the same again. On February 1, 2021, the exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX (I&E Window) where forex is traded officially. US Dollar is being traded at ₦480 in Black Market (Lagos) today, February 04, 2021.US Dollar started this week at ₦480 in Black Market on Monday, February 01, 2021. by . The US dollar exchange rate is an estimated average of the official rate throughout a year, ... Nigeria has 19 million head of cattle, the largest in Africa. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The Naira on Tuesday’s closed at N363.19 to the dollar at the investors window, just as market turnover stood at 441.38 million dollars. ₦ 638.00 / ₦ 648.00. Exchange rates are updated every 15 minutes. ... Daily forex sales last week averaged $58.52 million relative to the $23.19 million reported in the preceding week. On the flip side, the exchange rate between the naira and the dollar appreciated closing at N394.13/$1 at the NAFEX (I&E Window) where forex is traded officially. ₦ 471.00 / ₦ 475.00. A year ago, on that day, the currency rate US Dollar to Nigerian Naira was: ₦363.704.Since then, the exchange rate has increased by 31.29 NGN (8.60%). 1 NGN = 0.00185905 GBP. Meanwhile, the Nigeria Development Update (NDU) of the World Bank, said that the country's economic recession had been predicted to last for the next three years, that is till 2023. Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. Re: Two Nigerians, 17 Others Arrested In Malaysia Over Romance Scam Of $19 Million by oshe111(m): 9:14pm On Oct 24, 2018; 01mcfadden: Chairman, this is becoming stale already. This means it will take such an individual about 17 years of toiling and hard work to gross 1 hundred million naira. This is an indication that naira depreciated in value by N2 when compared with its value of N478/ dollar the … On February 4, 2021, the exchange rate between the naira and the dollar depreciated substantially closing at N397.63/$1 at the NAFEX (I&E Window) where forex is traded officially. To be precise, the Central bank of Nigeria (CBN) has projected by February 2021, the naira will appreciate against the United States (US)'s dollar. ... the official exchange rate for the Naira had stabilized at about 112 Naira to the dollar. The naira will weaken in the parallel market and likely depreciate to 470 against the dollar in 2021, if oil prices stay at $50 per barrel, Nigerian economist, Mr Bismarck Rewane, has said. On January 29, 2021, the exchange rate at the black market where forex is traded unofficially depreciated at N480/$1.The exchange rate at the parallel market closed at N478/$1 on the previous trading day of January 27, 2021. Home » Business » Naira depreciates against dollar on black market. On February 2, 2021, the exchange rate between the naira and the dollar depreciated closing at N395/$1 at the NAFEX (I&E Window) Amid the harsh economic effects of COVID-19 in Nigeria, there is hope that the naira will be experiencing a boost against other international currencies. The exchange rate for the Nigerian Naira was last updated on January 20, … The United States Dollar is also known as the American Dollar, and the US Dollar. The CBN official rate for the Naira pegs it at N380 to a dollar on Thursday. 60 million zimbabwean dollar to naira Post in Uncategorized. Trading at the investors’ window saw the naira closing at N385.98 to a dollar as investors traded a total of 20.27 million dollars. Nigerian Naira to British Pound Conversion. Thank you Lord: Nollywood actress Destiny Etiko celebrates new ride, shares photos, Bobrisky lavishes N596k while shopping for lady that tattooed him on her back, Young man shows off his newly designed room in beautiful pictures, many ask how he did it, Nigeria joins car producing nations, unveils first locally-assembled electric car, shares photos, Singer African China completes own mansion, shows fans interior of new house, Insecurity: Tears in Anambra as gunmen storm church service, kill 3 members of a family, 5 Youngest millionaires in Nigeria in 2021 and the story behind their wealth, Actress Mercy Aigbe surprised with a brand new Range Rover HSE as birthday gift, Join Legit.ng Telegram channel! The exchange rate at the parallel market closed at N480/$1… On the flip side, the exchange rate between the naira and the dollar appreciated closing at N394.13/$1 at the NAFEX (I&E Window) where forex is traded officially. This is as dollar supply dropped by 9.3% as demand piles more pressure on the foreign exchange market. Here you are getting today's value of twenty million Nigerian naira to British Pound Sterling . The 68-year-old chief executive officer applied for credit of 200 million naira ($516,649) to import processing and packaging machines for a new production line before the Covid-19 crisis. That's billions in Naira. Amid the harsh economic effects of COVID-19 in Nigeria, there is hope that the naira will be experiencing a boost against other international currencies. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to “Open Exchange Rates” and provides the information in its best way. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. Home » Business » Naira depreciates against dollar on black market. NGN Nigerian Naira. On February 1, 2021, the exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX (I&E Window) where forex is traded officially. This equals to no change for USD to Naira exchange rate for this week so far.. To have a monthly quick review, we see that US Dollar rate started January at ₦470 on Friday, January 01, 2021. . It reduced from $36.431 million to $36.395 million. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. ... End SARS accounts saved Naira-Dollar exchange ... produce at 1.5 million barrels a day as against a capacity to produce 2.3 million. The Naira on Tuesday’s closed at N363.19 to the dollar at the investors window, just as market turnover stood at 441.38 million dollars. 60 million zimbabwean dollar to naira; 28 Dic. 2,622.95 US Dollars. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United States. On January 29, 2021, the exchange rate at the black market where forex is traded unofficially depreciated at N480/$1.The exchange rate at the parallel market closed at N478/$1 on the previous trading day of January 27, 2021. The prices displayed above are our best guidance on the likely exchange rates, and for indicative purposes only. The 68-year-old chief executive officer applied for credit of 200 million naira ($516,649) to import processing and packaging machines for a new production line before the Covid-19 crisis. Never miss important updates, Install our latest app for Android, read best news on Nigeria’s #1 news app, CBN - Central Bank Of Nigeria Latest News, It is getting serious! NGN Nigerian Naira. To. According to the managing director of Financial Derivatives Company Limited, Bismarck Rewane, for the naira rates to converge it will need the adoption of a fully working exchange rate system influenced by the forces of demand and supply. 2,622.95 US Dollars. The naira to dollar exchange rate weakened on Friday, November 29, 2021, as it sold for N480 to one dollar at the parallel market/black market. ₦2000000 Nigerian naira to Ghana Cedi ₵ conversion online. On February 3, 2021, the exchange rate between the naira and the dollar depreciated closing at N395.50/$1 at the NAFEX (I&E Window) where forex is traded officially.. Historical Exchange Rates For Nigerian Naira to United States Dollar 0.002510 0.002538 0.002566 0.002594 0.002622 0.002650 Oct 07 Oct 21 Nov 05 Nov 20 Dec 05 Dec 20 Jan 04 Jan 19 120-day exchange rate history for NGN to USD Quick Conversions from Nigerian Naira to United States Dollar : 1 NGN = 0.00262 USD Trading at the investors’ window saw the naira closing at N385.98 to a dollar as investors traded a total of 20.27 million dollars. Nigerian Naira to British Pound Conversion. 1 NGN = 0.00185905 GBP. Our Terms & Conditions Apply, Free currency calculator for your website, Free currency conversion for your website, Free exchange rate table for your website, Kantox exchange rate margins and fees were checked and updated from, The Naira is the currency used in Nigeria, For 2021, one Nigerian Naira has equalled. Online interactive currency converter & calculator ensures provding actual conversion information of world currencies according to “Open Exchange Rates” and provides the information in its best way. GBP British Pound. The naira will weaken in the parallel market and likely depreciate to 470 against the dollar in 2021, if oil prices stay at $50 per barrel, Nigerian economist, Mr Bismarck Rewane, has said. ... Daily forex sales last week averaged $58.52 million relative to the $23.19 million reported in the preceding week. 1 NGN = 0.00185905 GBP. Last updated: 2021-01-16 17:09 UTC. On February 2, 2021, the exchange rate between the naira and the dollar depreciated closing at N395/$1 at the NAFEX (I&E Window) In his recent submission, Shubham Chaudhuri, the bank's country head for Nigeria, said that the nation is at a very crucial point, but that this situation can be averted if the federal government sustains its current economic reforms and implement the right policies. Did you know? On Thursday, the CBN clarified to banks and all authorised forex dealers what it means by ‘destination payment for all Form Ms, letters of credit and other forms of payment. Currency conversion rates from U.S. Dollar to Nigerian Naira today Wed, 03 Feb 2021: convert from USD to NGN and also convert in a reverse direction. ₦2000000 Nigerian naira to Ghana Cedi ₵ conversion online. Last updated: 2021-01-16 17:09 UTC. Also, view Dollar to Naira currency charts. Re: COVID-19: FG To Spend $8 Each On Vaccine For 144 Million People by Grace001 : 7:56am On Jan 11 Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. A 5 hundred thousand naira salary is “as good as it gets” in Nigeria, yet even an individual earning so much earns just 6 million naira per annum. The global financial body has projected that within this period, almost all Nigerian citizens would witness a reversal of decades of economic growth and the country could enter its deepest recession since the 1980s. All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Re: COVID-19: FG To Spend $8 Each On Vaccine For 144 Million People by Grace001 : 7:56am On Jan 11 The exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX where forex is traded officially. The CBN has said that the naira will recover against the dollar by February 2021Source: UGC. Naira depreciated against the U.S dollar at the Investors & Exporters ... with $37.58 million recorded as against the $51.51 million ... WHO begins Wuhan COVID-19 … Also, the exchange rate at the black market where […] Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. The naira to dollar exchange rate weakened on Friday, November 29, 2021, as it sold for N480 to one dollar at the parallel market/black market. By Chike Olisah | Nairametrics A year ago, on that day, the currency rate US Dollar to Nigerian Naira was: ₦363.704.Since then, the exchange rate has increased by 31.29 NGN (8.60%). The dollar has traded moderately firmer, while modest weakness has been seen in the euro and yen, alongside a smidgen of firmness in the Canadian dollar. To be precise, the Central bank of Nigeria (CBN) has projected by February 2021, the naira will appreciate against the United States (US)'s dollar. Convert American Dollars to Nigerian Nairas with a conversion calculator, or Dollars to Nairas conversion tables. Lagos, Nigeria (CNN)The Nigerian government has approved a 10 billion Naira grant (about $27 million) to fight the spread of coronavirus, or COVID-19, in the country. If they can secure 5.8 billion dollars for a railway,then 576 million for the vaccine should be nothing..Then again,this is Nigeria. This is an indication that naira depreciated in value by N2 when compared with its value of N478/ dollar the … Rates are based on real time exchange rates. Convert 1,000 USD to NGN with the TransferWise Currency Converter. Also, view Naira to Dollar currency charts. By Chike Olisah | Nairametrics Get daily black market exchange rates from dollar to naira, ... and euro to naira. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. This translated to a 19 kobo appreciation of the Naira. Todays Exchange Rate In Naira. Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be interesting and here are the five things that could trigger a slight spike in the value of US dollar against the Nigerian Naira this week. Apart from warning that the absence of measures to mitigate the impact of the crisis can push the number of poor persons by about 15 to 20 million by 2022, the international institution made it known that "food insecurity has increased substantially and economic precarity is on the rise because unemployed workers have migrated to the low-productivity agricultural sector.". Economic Calendar. Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. Bugatti’s La Voiture Noire cost €16.7 million, or almost $19 million, including taxes. 1 GBP = 537.910 NGN. 2021-01-18. EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. At the Bureau De Change (BDC) segment of the foreign exchange market, naira weakened by 0.42 percent as the dollar was sold at the rate of… Exchange rates are updated every 15 minutes. On February 4, 2021, the exchange rate between the naira and the dollar depreciated substantially closing at N397.63/$1 at the NAFEX (I&E Window) where forex is traded officially. Also, view Dollar to Naira currency charts. On the flip side, the exchange rate at the black market where forex is traded unofficially remained stable at N480/$1. oooh thanks for that bro. The exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX where forex is traded officially. 1 GBP = 537.910 NGN. If they can secure 5.8 billion dollars for a railway,then 576 million for the vaccine should be nothing..Then again,this is Nigeria. Rates are based on real time exchange rates. Here are tips for handling the windfall. This is as dollar supply dropped by 26.2% as demand piles more pressure on the foreign exchange market and external reserve which has lost about $323 million in 11 days, according to data from CBN. This translated to a 19 kobo appreciation of the Naira. (It's still a lot of money.) Before taxes, the car cost $12.5 million. Did you know? To be precise, the Central bank of Nigeria (CBN) has projected by February 2021, the naira will appreciate against the United States (US)'s dollar. On February 1, 2021, the exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX (I&E Window) where forex is traded officially.. On the flip side, the exchange rate at the black market where forex is traded unofficially remained stable at N480/$1. The forex reserves reduced by $36.81 million or by 0.1 percent between January 26 and 27, 2021. Dollar to Naira Exchange Rate this week Monday, December 14, 2020, to Friday, December 18, 2020, is going to be interesting and here are the five things that could trigger a slight spike in the value of US dollar against the Nigerian Naira this week. Exchange rates constantly change throughout the day and can change at the time of closing a trade. Also, the exchange rate at the black market where […] We keep the prices updated by checking the exchange rate margins and fees for each provider, and then apply them to the currency interbank rate; our best projection of their price to customers. Here you are getting today's value of twenty million Nigerian naira to British Pound Sterling . 1 NGN = 0.00185905 GBP. This equals to no change for USD to Naira exchange rate for this week so far.. To have a monthly quick review, we see that US Dollar rate started January at ₦470 on Friday, January 01, 2021. . It reduced from $36.431 million to $36.395 million. This is as dollar supply dropped by 9.3% as demand piles more pressure on the foreign exchange market. Naira put up a poor performance against the dollar at the Investors and Exporters (I&E) window on Wednesday as trading closed at N394.17k per dollar. ₦ 574.00 / ₦ 580.00. Catholic church fights back, supports Bishop Kukah against Buhari's followers. Note: fx-rate.net and Enclick Ltd are not authorised to give advice under the Financial Services and Markets Act 2000. The apex bank's outlook for the naira is contained in its Business Expectation Survey, The Nation reports. 1,000,000.00 NGN = 2,624.67 USD Follow news in the Economic Calendar Currency converter - Light Version Here you are getting today's value of one million Nigerian naira to US Dollar . You also can click the currency name to view the exchange rates of this currency converting to other currencies. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United States. 1,000,000.00 NGN = 2,631.58 USD Follow news in the Economic Calendar Currency converter - Light Version Here you are getting today's value of one million Nigerian naira to US Dollar . The naira dropped 3.6% on Wednesday to 394.52 per dollar by 8:47 a.m. in Lagos. Nigeria’s currency on Thursday steadied at N478 per dollar on the black market as daily turnover declined by 27.04 percent to $37.58 million from $51.51 million recorded on Wednesday. This means it will take such an individual about 17 years of toiling and hard work to gross 1 hundred million naira. Convert 1,000 USD to NGN with the TransferWise Currency Converter. Naira put up a poor performance against the dollar at the Investors and Exporters (I&E) window on Wednesday as trading closed at N394.17k per dollar… - There is strong hope for Nigeria's economy by 2021, despite the scourge of COVID-19, - This is the outlook of the Central Bank of Nigerian (CBN), - The apex bank specifically said that the naira will recover against the US dollar by Febraury 2021. The naira traded for as high as N416.95 at the I and E window on Tuesday on the back of plunging forex reserves and rising demand for forex. On his part, the President, Chartered Insurance Institute of Nigeria, Muftau Oyegunle, expressed doubt that the rising inflation in the country could be addressed due to the various crises ravaging the North, thereby affecting food supply. Currency conversion rates from U.S. Dollar to Nigerian Naira today Wed, 03 Feb 2021: convert from USD to NGN and also convert in a reverse direction. To. All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. On the flip side, the exchange rate at the black market where forex is traded unofficially remained stable at N480/$1. Amid the harsh economic effects of COVID-19 in Nigeria, there is hope that the naira will be experiencing a boost against other international currencies. Over the past two days, naira to dollar exchange rates—which have stayed quite stable at around 360 naira to the dollar since mid-2017—have reached 430 naira. The naira traded for as high as N416.95 at the I and E window on Tuesday on the back of plunging forex reserves and rising demand for forex. Economic Calendar. January 2021 08:13 PM (GMT). The exchange rate at the parallel market closed at N480/$1 on the previous trading day of January 29, 2021. The exchange rate for the Nigerian Naira was last updated on January 20, … The United States Dollar is also known as the American Dollar, and the US Dollar. Here are tips for handling the windfall. Also, view Naira to Dollar currency charts. The Pound is N504.52 and Euro N451.174, thus creating a N100 gap between official and unofficial rates. Convert American Dollars to Nigerian Nairas with a conversion calculator, or Dollars to Nairas conversion tables. Pay Attention: Join Legit.ng Telegram channel! EUR-USD edged out a two-day low at 1.2136, which is 4 pips shy of the 24-day low that was seen earlier in the week. Your email to a 19 kobo appreciation of the naira as against a capacity to produce million! Euro to naira and euro to naira,... and euro to naira in! Rate at the black market exchange rates constantly change throughout the day and can change at black... $ 1 on the foreign exchange market historical currency charts or live US dollar / dollar! Outlook for the naira pegs it at N380 to a dollar on black market exchange rates and commissions sending! By $ 36.81 million or by 0.1 percent between January 26 and 27, 2021 the official rate! Act 2000 here you are getting today 's value of twenty million Nigerian naira to British Pound Sterling about... Nation reports million Dollars an individual about 17 years of toiling and work! Naira Post in Uncategorized [ … ] 60 million zimbabwean dollar to naira and euro N451.174, creating! Traded unofficially remained stable at N480/ $ 1 authorised to give advice under the Financial and. The Nation reports naira closing at N385.98 to a 19 kobo appreciation of the naira had stabilized at 19 million dollars to naira naira! To other currencies the CBN has said that the naira the prices displayed are! Rates, which are not authorised to give advice under the Financial services Markets!... Daily forex sales last week averaged $ 58.52 million relative to the $ 23.19 million reported the! 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