Lagos parallel market (black market dollar exchange rate today).October 19 dollar to naira black market exchange rate: $1 dollar to naira = N570.How much is exchange rate of Dollar to Naira in Black Market today?.October 19 dollar to naira official exchange rate: $1 dollar to naira = Not published due to Eid-el Maulud celebration.How Much Is Dollar To Naira Exchange Rate Today Official Rate?.Black Market Rate Dollar To Naira Exchange Rate Today 19 October 2021 has emerged.Timely and real live updates on the Naira to Dollar, Naira to Pounds, Naira to Euro rates in the official market and the parallel markets are always available.
represents your number one source for information on the Forex market. Mr Okorafor, while speaking on a radio programme assured Nigerians that the present success of the Naira at the parallel foreign exchange market would be sustained. This information was revealed by the Acting Director of Corporate Communications Department of the CBN, Mr Isaac Okorafor. The Central Bank of Nigeria (CBN) had disclosed that it was determined to bring down the black market exchange rate of the Naira to Dollar to the official rate of N305. The central bank has consistently intervened in the foreign exchange market since February and has sold more than $4 billion to various sectors of the economy, this has improved liquidity and helped to ease pressure on the naira. THEWILL recalls that the CBN intervened in the various segments of the foreign exchange market with the injection of 396.8 million dollars while the naira continued to maintain its stability in the market, exchanging at an average of N364 to a dollar in the Bureau de Change segment of the market. He advised stakeholders to abide by the guidelines to ensure transparency in the market. NAN reports that Okorafor expressed optimism that the naira would sustain its run against the dollar and other major currencies around the world, considering the level of transparency in the market. He said the apex bank remained determined to achieve its objective of rates convergence, “hence the unrelenting injection of intervention funds into the foreign exchange market’’. Okorafor said the CBN was pleased with the state of the market, and assured that the bank would continue to intervene in order to sustain liquidity in the market and guarantee international value of the naira. Tuition fees, medical payments and Basic Travel Allowance (BTA), among others, got $45 million. Small and Medium Enterprises (SMEs) segment received $50 million. The Nigerian naira is seen trading within a range on both the black market and official interbank window as the central bank continue to inject more dollars to boost liquidity in the foreign exchange market.ĬBN spokesman Isaac Okorafor said $100 million was offered through the wholesale segment. Dollar to Naira black market rate today Wednesday, 27th September 2017.
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