The Genius Media NG

Tag: NAIRA TO DOLLAR AT OFFICIAL

  • See Dollar To Naira Exchange Rate For Today January 3rd 2025

    See Dollar To Naira Exchange Rate For Today January 3rd 2025

    See Dollar To Naira Exchange Rate For Today January 3rd 2025—-As of January 3, 2025, the Nigerian Naira (NGN) has continued to experience some level of volatility against the US Dollar (USD), while this has been the norm for decades now, this largely to some extent reflects the ongoing economic challenges.

     

    See the Naira performance across various currencies

    A quick check at the parallel market at Abuja Zone 4 market,as at January 3, 2025 , the black market exchange rate stands firmly at approximately ₦1,660 per USD. This means if you want to buy a dollar now, it is ₦1,660 while if you want to sell it is approximately ₦1,640.

    Please be aware that the parallel market or the black market rates are mostly and notably higher compared with what you get from the official market or CBN rate

    Dollar to Naira (USD to NGN)

    Black Market Exchange Rate Today

    Selling Rate

    ₦1,660

    Buying Rate

    ₦1,640

    For individuals and businesses that often or solemnly engaged in currency exchange or international trade, we have peomised to keep you all updated because staying informed about these fluctuations and daily changes is crucial for business.

    Please be rest assure that our sources remain reliable and dependable as we remain committed to providing real-time data to help you make informed financial decisions in your everyday transaction.

    Over the past year, the Naira has been on a free fall. This continue decline has been attributed to several factors, obe of such factors is the fluctuating oil prices which the Nigerian Government depend on, other factor are inflation, huge debt services and declining foreign exchange reserves.

    The huge disparity between official market or CBN rate and the rate gotten at black market underscores the underlying complexities within Nigeria’s foreign exchange landscape.

     

     

    Disclaimer: The Genius Media Nigeria does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel 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.

     

     

  • Check Out Dollar To Naira Exchange Rate For Today January 2nd 2025

    Check Out Dollar To Naira Exchange Rate For Today January 2nd 2025

    Find below, the Dollar to Naira exchange rate for today, 02 January 2025.

     

    The Genius Media Nigeria has obtained the official dollar to the naira exchange rate in Nigeria today, including the Bureau De Change (BDC) rate and CBN rates.

     

    What Is The Official Exchange Rate For Dollar To Naira Today?

     

    The exchange rate between the Naira and the US dollar according to the data released on the FMDQ Security Exchange, the official forex trading portal showed that the Naira opened at ₦1544.00 and per $1 on Monday, December 30, 2024 and closed at ₦1538.25 per $1 on Tuesday, December 31, 2024. 

    However, the Naira is trading as high as ₦1,655 per Dollar at the black market even though the Central Bank of Nigeria (CBN) announced the unification of all segments of the foreign exchange market.

    The apex bank, in a circular on Wednesday 14th June 2023, said all FX windows were now collapsed into the investors & exporters (I&E) window.

    The statement read, “Abolishment of segmentation. All segments are now collapsed into the Investors and Exporters (I&E) window. Applications for medicals, school fees, BTA/PTA, and SMEs would continue to be processed through deposit money banks.

    “Re-introduction of the “Willing Buyer, Willing Seller” model at the I&E Window. Operations in this window shall be guided by the extant circular on the establishment of the window, dated 21 April 2017, and referenced FM/DIR/CIR/GEN/08/007. All eligible transactions are permitted to access foreign exchange at this window.

    “The operational rate for all government-related transactions shall be the weighted average rate of the preceding day’s executed transactions at the I&E window, calculated to two (2) decimal places.

    “Proscription of trading limits on oversold FX positions with permission to hedge short positions with OTC futures. Limits on overbought positions shall be zero.

    “Re-introduction of order-based two-way quotes, with bid-ask spread of N1. All transactions shall be cleared by a Central Counter Party (CCP).

    “Reintroduction of Order Book to ensure transparency of orders and seamless execution of trades.

    “The operational hours of trades shall be from 9 a.m to 4 p.m, Nigeria time.”

    The apex noted that further guidance on the operational changes would be communicated to authorized dealers and the general public in due course.

    The changes to operations in the country’s FX market imply that Nigeria has eased its control of the naira, allowing the local currency to float freely.

    Meanwhile, a free-floating exchange rate occurs when a government allows the exchange rate to be determined purely by market forces and there is no attempt to ask the central bank to influence the external value of the exchange rate.

     

     

    Disclaimer: The Genius Media Nigeria does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel 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.

  • #HappyNewYear: Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st January 2025

    #HappyNewYear: Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 1st January 2025

    What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

     

    See the black market Dollar to Naira exchange rate for 31st December, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1645 and sell at N1655 on Tuesday 31st December 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira (USD to NGN)

    Black Market Exchange Rate Today

    Buying Rate

    N1645

    Selling Rate

    N1655

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN)

    CBN Rate Today

    Highest Rate

    N1550

    Lowest Rate

    N1520

  • See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 30th December 2024

    See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 30th December 2024

    What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

    See the black market Dollar to Naira exchange rate for 29th December, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1660 and sell at N1670 on Sunday 29th December 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira (USD to NGN)

    Black Market Exchange Rate Today

    Buying Rate

    N1660

    Selling Rate

    N1670

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN)

    CBN Rate Today

    Highest Rate

    N1550

    Lowest Rate

    N1532

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

    Meanwhile, the Nigerian currency, the Naira, is expected to decline to a fair value of ₦1,804 per dollar in the official market by 2025.

    This forecast is outlined in a recent Afrinvest report, ‘Beyond The Rhetorics: Transforming Reforms to Tangibles’.

  • Check-Out Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 29th December 2024

    Check-Out Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 29th December 2024

    Check-Out Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 29th December 2024—-What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

     

    See the black market Dollar to Naira exchange rate for 28th December, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1646 and sell at N1650 on Saturday 28th December 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
    Buying RateN1646
    Selling RateN1650

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN)CBN Rate Today
    Highest RateN1550
    Lowest RateN1532

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

  • ANNOUNCEMENT!!! See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 26th December 2024

    ANNOUNCEMENT!!! See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 26th December 2024

    ANNOUNCEMENT!!! See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 26th December 2024—What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

     

    See the black market Dollar to Naira exchange rate for 25th December, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1660 and sell at N1670 on Wednesday 25th December 2024, according to sources at Bureau De Change (BDC.

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
    Buying RateN1660
    Selling RateN1670

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN)CBN Rate Today
    Highest RateN1545
    Lowest RateN1532

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

  • See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 25th December 2024

    See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 25th December 2024

    What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

     

    See the black market Dollar to Naira exchange rate for 24th December, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1640 and sell at N1650 on Tuesday 24th December 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
    Buying RateN1640
    Selling RateN1650

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN)CBN Rate Today
    Highest RateN1545
    Lowest RateN1537

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

  • See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 24th December 2024

    See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 24th December 2024

    See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 24th December 2024—–What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

     

    See the black market Dollar to Naira exchange rate for 23rd December, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1658 and sell at N1665 on Monday 23rd December 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
    Buying RateN1658
    Selling RateN1665

    Dollar to Naira CBN Rate Today

    Dollar to Naira (USD to NGN)CBN Rate Today
    Highest RateN1545
    Lowest RateN1532

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

    Former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPCL) have praised the current management team, led by Mr. Mele Kyari, for the impressive rehabilitation of the Port Harcourt Refinery.

    After an on-site inspection of the facility, they described the transformation as massive.

    The former GMDs were in Port Harcourt for their regular Former NNPC GCEOs Forum and took the opportunity on Wednesday to tour the refinery and assess its progress.

    Among the visiting former leaders were Dr. Jackson Gaius-Obaseki, Chamberlain Oyibo, Funsho Kupolokun, and Andrew Yakubu.

    Speaking, Chamberlain Oyibo said Nigerians want the products from the refinery to be at the market. He advised NNPCL to fasten the process.

  • See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 23rd December 2024

    See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 23rd December 2024

    See Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 23rd December 2024——What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

     

    See the black market Dollar to Naira exchange rate for 22nd December, below. You can swap your dollar for Naira at these rates.

    How much is a dollar to naira today in the black market?

    Dollar to naira exchange rate today black market (Aboki dollar rate):

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1670 and sell at N1680 on Sunday 22nd December 2024, according to sources at Bureau De Change (BDC).

    Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

    Dollar to Naira Black Market Rate Today

    Dollar to Naira CBN Rate Today

    Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

    Point-of-Sale (PoS) operators across Nigeria have raised their withdrawal fees, charging between ₦150 to ₦200 for every ₦5,000 transaction, up from the previous rate of ₦100.

    The operators attribute this increase to the ₦50 Electronic Money Transfer Levy (EMTL) imposed by the Federal Inland Revenue Service (FIRS) on financial technology (fintech) companies.

    In September, fintech firms announced their intention to apply the ₦50 levy on transactions of ₦10,000 and above, citing compliance with FIRS regulations.

    This levy is a one-time charge on electronic transfers or receipts of ₦10,000 or more into both personal and business accounts via any commercial bank or financial institution.

    The federal government officially enforced the policy on December 1, compelling major fintech platforms like OPay, Moniepoint, Kuda, and others to implement the charge.

    Why the Hike in PoS Charges?

    Speaking to TheCable, Sarafadeen Fasasi, National President of the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN), confirmed that the levy had triggered an adjustment in PoS transaction fees.

    “Yes, it is because of the electronic levy. We have to transfer the cost of the charges being imposed. It started immediately after FIRS implemented the directive for the ₦50 charge,” Fasasi explained.