Reply. US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. The United States Congress adopted the U.S dollars as the standard monetary unit on April 2, 1792. This is the rate all banks in Nigeria are expected to exchange the USD for the Naira. Tecno Spark 4 price in Nigeria – How much is Tecno Spark 4 in Nigeria? Handy settings tab to change your source currency anytime 3. It is a huge sum of money, when dollar is converted to Naira. It can be issued in the name of any department within your company and is simply funded by an online transfer to your card account. Not quite sure where your rates are dropping out of but the sites you have referenced have consistently showed way less than N362/$1 over the last week! Dollar is still going to 600, we never start to dey taste the recession. FreeBrowsingLink is a leading Technology and Business blog in Nigeria, and we also cover wide-spectrum of topics, reviews from different countries. 3 of 1997,No. Major World Currencies. Conversion from Nigerian naira to United States dollar can be done at current rates as well as at historical rates – to do this, select the desired exchange rate date. This isn’t like pounds to Naira, but 1000 dollars to Naira is almost N361,0000. Below contains the methods on how to get the latest dollar to Naira exchange rate: 1. Billionaire Ray Dalio reviewed Bitcoin, praised China, and explained his thoughts on the outlook for financial markets in a Reddit session. Apple launches a $549 AirPods Max with active noise cancellation, Wema bank transfer code – How to transfer, check balance, buy airtime etc, Vivo Y51 December 2020 edition announced with Snapdragon 665 SoC, Tecno POVA announced in India with a Quad-rear cameras and Helio G80, Qualcomm announces Snapdragon 888 5G SoC with upgraded features. When we look at the whole month, USD was traded at ₦490 at the beginning of December on Tuesday, December 01, 2020. Seriously, I'd never make a mistake by changing one dollar to naira out of it. Nigerian Naira Exchange Rates Comparison App for NRNs remitting Dollar Pound from USA & UK. Disclaimer | Copyright © 2014 - 2020. Below shows the current exchange rate of the currency pairs updated every 1 minutes and their exchange rates history graph. This makes a 1.45% fall for Dollar rate against Naira this week.. Anyways, the CBN exchange rate dollar to naira is almost the same with black market, which is already aforementioned. Right now, the exchange market in Nigeria is kinda fluctuating, right now, 1 dollar to naira is more than N360. The RTGS Dollar was introduced as the official currency of Zimbabwe by the Reserve Bank of Zimbabwe in February 2019. The Central Bank controls the exchange rate of Naira to other currencies. - Business - Nairaland. Convert 1,000 NGN to USD with the TransferWise Currency Converter. The United States Dollar is also known as the dollar, U.S dollar or American dollar. US Dollar Vs NIG Naira: The Real Issues. That is how much dollar to Naira bank rate. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) Access Bank Exchange Rate. Quickly and easily calculate foreign exchange rates with this free currency converter. Compare paypal, banks and money transfer agents What Is The Exchange Rate For Naira To Us Dollars Tuesday, 8 September 2020. Now let’s look at the black market exchange rate used by First Bank for its customers. Free Browsing Link. Easily track US Dollar or GB Pound to NGN remittance exchange rates for top financial institutions 2. Stock quotes by finanzen.net. Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. Made In NYC | Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. Registration on or use of this site constitutes acceptance of our. It is of the United States’ dollar to Naira exchange rate that this article is meant for. Black Market Rate of Dollar Naira Currency Converter - Get daily market exchange rates of US Dollar, Euro, and Pounds to Nigeria Naira including charts showing the latest exchange rate history. However, GTbank dollar to Naira exchange rate is also similar. Convert American Dollars to Nigerian Nairas with a conversion calculator, or Dollars to Nairas conversion tables. Another Conversion? You have currently selected the base currency. Paul Tudor Jones told Yahoo Finance: "I'm going to assume that the path forward from here is north," for bitcoin. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. (1128 Views) Naira Falls Against US Dollar To N366/$ / When The Naira Was Stronger Than US Dollar (Throwback) / US Dollar Available For Sale In USA. US Dollar(USD) To Nigerian Naira(NGN) This is the page of currency pairs, US Dollar(USD) convert to Nigerian Naira(NGN). Bank Information like phone/email contacts, fees, charges 6. Commerce Policy | First Bank Dollar To Naira Exchange Rate Today Pounds, and Euro. 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Usd naira is n211 today in the black usd naira is n211 today in the black currency exchange nigerian naira to u s nigerian naira ngn to us dollar usd naira to dollar convert ngn usd gtbank dollar to naira exchange rate. 24 of 1991, CBN Decree Amendments 1993,No. I get dollar for my offshore account. Nigeria Naira exchange rate is getting a little bit out of hand as the day goes by, and sincerely, we are not seeing any improvement from the government. The dollar symbol is represented by this sign; $. As someone who banks with the various Nigerian banks and at the same time conducts some online transactions with foreign currencies (such as Dollar, Euro or Pound Sterling), you might be eager to know the current Dollar to Naira exchange rate.The same goes for all other currencies like Euro and Pound. All rights reserved. We recommend trying out cheaper alternatives like TransferWise. Transfer money to Nigeria paying with American Dollar, find best USD to NGN exchange rate, commission and fees. People abeg start farming now … US Dollar (USD) 1 USD = 388.80 NGN. The dollar to Naira bank rate today is one of the most requested searches and here on this article we will list out the best place to get the latest dollar to Naira exchange rate. Convert 1 Nigerian Naira to Canadian Dollar. Also, view Dollar to Naira currency charts. Hold, manage and work with more than 45 currencies, and send money using the real exchange rate. NAIRA STABLE. Anyways, the CBN exchange rate dollar to naira is almost the same with black market, which is already aforementioned. Five crypto experts weighed in on its rally, explaining why Bitcoin has room to go higher and how the dollar's weakness will fuel it further. Instantly. Your money is always converted at the real exchange rate; making them up to 8x cheaper than your bank. First Bank Dollar to Naira Blackmarket exchange rate . App Features Summary: 1. Nairaland Forum / Nairaland / General / Business / US Dollar Vs NIG Naira: The Real Issues. FreeBrowsingLink helps you to learn and understand more about your everyday gadgets, get to know profitable online business and many more. United States (US) Dollar to Naira Exchange Rate Today Currency Calculator. The naira is the currency of Nigeria. An incoming Senator believes bitcoin is a better store of value than paper money and plans to teach Congress how to use it to reduce the national debt, TA: Bitcoin Holds Strong Above $19K, Why BTC Could Test and Break $20K, AAVE, YFI and Elrond surge as Bitcoin price breaks above $19,300, Shock survey suggests most investors think Bitcoin won’t top $50K by 2030, PayPal stock has surged 17% since enabling Bitcoin purchases, Crypto users split on taking out loans to buy Bitcoin dips, Nigerian naira - Central African CFA franc. It is highly secured. Analyze historical currency charts or live Nigerian Naira / Nigerian Naira rates and get free rate alerts directly to your email. The Bridgewater founder covered crypto, China's leadership, the importance of diversification and how a flood of money is lifting asset prices. ... 2. you can convert naira to dollar in any bank in Nigeria. Bank note (cash) withdrawal at any of our branches (subject to availability of cash) Telegraphic transfer (Foreign currency outflow) Foreign currency draft payable on our correspondent bank Sale to the bank for Naira credit Please find attached the disposal instructions for transfer of funds to your account with Guaranty Trust Bank Plc: The Table below shows the Central Bank of Nigeria Exchange Rate for USD, GBP, EUR and YUAN for the current month up till, Mon, 09/03/2018 - 12:00 Rates shown on this table include; CBN Dollar to Naira Rate; CBN Exchange rate Euro to Naira; CBN Exchange rate Pound to Naira Remitted Amount Calculator 5. As a fallout of events in the oil market yesterday, the US dollar hit a record high against the Naira in the non-deliverable forward’s markets on Tuesday, April 21, 2020. US Dollar to Naira bank rate has. Take 5 seconds to share this article with your friends by using the below share buttons. Year 2017 United States dollar/Nigerian naira (USD/NGN) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of … USD to NGN Chart 10 Dec 2019 00:00 UTC - 8 Dec 2020 07:44 UTC However, the naira exchange rate to major world currencies in the parallel market took an upward turn after the apex bank implemented policies in a bid to save the naira. The Dollar to Nigerian Naira exchange rate (USD NGN) as of 12 Dec 2020 at 10:51 AM. Access Bank dollar Exchange Rate – 399 Naira to 1 USD; Access Bank Canadian dollar exchange rate – 310 Naira to 1 CAD; British Pounds Bank Rate – – 539 Naira to 1 GBP; Access Bank Euro Rate – 486 Naira to 1 EUR – Access bank Indian rupees – 5.94 Naira to 1 INR; Access Bank Turkish Lira – 68 Naira to 1 TRY It is subdivided into 100 kobo. Try the multi-currency NGN account from TransferWise. This was after the US crude futures crashed to negative, a day earlier. (1) What does the RTGS Dollar consist of? Get live exchange rates, historical rates & charts for NGN to CAD with XE's free currency calculator. USD US Dollar Country United States of America Region North America Sub-Unit 1 Dollar = 100 cents Symbol $, US$ The U.S. dollar is the currency most used in international transactions. However, GTbank dollar to Naira exchange rate is also similar. The Nigeria Official Exchange Rate (bank rate) of the United States Dollar is currently fixed (pegged) by the Central Bank of Nigeria (CBN). Knowing that most readers are eager to get straight to the point we have stripped this article bare and filled it with only information we believe will help you. ... Popular US Dollar to Nigerian Naira Conversions. 38 of 1998,1999 and CBN Act of 2007. Luckily, some of these sites also show a historical perspective for reference purposes. 388.80 NGN Nigerian Naira (NGN) 1 NGN = 0.002572 USD 1 USD = 388.80 NGN 1 NGN = 0.002572 USD. You can transfer money from Nigeria to Ghana, USA, India, Australia, Dubai, China, Malaysia, Canada, UK ; in fact to any country in the world in the same way and it work well in all cases. Naira Remittance Rates 4. This isn’t like pounds to Naira, but 1000 dollars to Naira is almost N361,0000. Opening a Nigerian naira currency account in the United States? Although there might be slight changes depending on the bank you are trading with. Davido, why you no come change from me. the most recent rate of ₦ 399 at Access Bank as of 03/12/2020; the lowest value of ₦ 394 at Ecobank as of 03/12/2020 in last 30 days; the highest value of ₦ 480 at Fidelity Bank as of 01/12/2020 in last 30 days faith April 18, 2017 at 8:42 am. Don't get overcharged when you send money abroad. Business News Naira hits N430 per $1 as CBN restates dollar sales. The GTBank Corporate Naira MasterCard is designed to conveniently satisfy the needs of your corporate expenses in Nigeria on ATMs, POS devices or online. Comprehensive information about the USD NGN (US Dollar vs. Nigerian Naira). 1000 dollars to Naira. On this article, you’ll learn how to convert dollar to Naira. 4 of 1997,No. As Nairametrics previously reported, the apex bank informed Nigerians that it will resume the provision of Forex to all commercial banks in Nigeria for onward sales to SMEs and Nigerian students in foreign schools. This is our official contact email address: [email protected]. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). It shows the exchange rate of the two currencies conversion. In the menu, you can select the desired exchange rates of about 160 international currencies from the two lists. Do you want to know us more or advertise with us? *Charges may occasionally be applied by a third party bank when transferring the funds to XE Money Transfer or before the funds arrive in the recipient account. Initial USD rate was noted as ₦482 at the beginning of this week on Monday, December 07, 2020. 'Bet on bitcoin's inevitability': Here's what 5 crypto experts say about its price hitting an all-time high near $20,000 this week. You have currently selected the base currency United States dollar and the target currency Nigerian naira with an amount of 1 United States dollar. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. 5 USD = NGN 1900.00172 5 NGN = USD 0.013158. The above 5 listed website will allow you to stay updated and connected with the latest dollar to Naira exchange rate without any stress. Bitcoin will go 'substantially higher' over the next 20 years as adoption of digital currencies increases globally, says billionaire Paul Tudor Jones. 12/11/2020 9:55 PM UTC. Here are his 10 best quotes. Powered by WordPress. This is the page of United States Dollar (USD) to Nigerian Naira (NGN) conversion, below you can find the latest exchange rate between them and is updated every 1 minutes. 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Base currency United States ( US dollar rate is ₦475 against Naira in black market, which is aforementioned! In the United States by using the below share buttons above 5 listed website will you... As their official currency of Zimbabwe by the Reserve bank of Zimbabwe in February.. 2, 1792 rate ( USD NGN ( US ) dollar to Naira exchange rate ₦475. How to convert dollar to Naira is more than N360 article with your friends by using the Issues! Tudor Jones US dollars Tuesday, 8 September 2020, China 's,. And work with more than 45 currencies, and send money abroad currency! The exchange rate of dollar United States to Nigeria paying with American dollar, U.S dollar GB!