Menu Exchange Rate. This makes a 1.45% fall for Dollar rate against Naira this week.. The currency code for Nairas is NGN, and the currency symbol is ₦. Currencies 9 years ago. 90% of paper money in U.s cities holds traces of cocaine in it. Our currency calculator gives you real time figures based on the our online rate of the day. Pounds to Naira. Year 2016 Nigerian naira/United States dollar (NGN/USD) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. This page shows the exchange rate of United States Dollar (USD) To Nigerian Naira (NGN) on 31 May 2016 (31/05/2016).If you would like to view the current exchange rate of the currency pair, please visit United States Dollar (USD) To Nigerian Naira (NGN) Exchange Rates Today. Convert From Convert To Exchange Rate More Info; Nigerian Naira (NGN) United Arab Emirates Dirham (AED) 1 NGN to AED = 0.0117: NGN AED on 10/11/2016: Nigerian Naira (NGN) Currencies 4 days ago. Understanding the forecasting of exchange rate behaviour is important to monetary policy (Simwaka, 2007). The naira has been weakening against the U.S. dollar since June when the Central Bank scrapped the currency peg that had kept it at an artificially-high value of around 198 NGN per USD for over a year. Dollar to Naira Rate Black Market December 10 2020. Convert 1 Nigerian Naira to Hong Kong Dollar. This is what makes it durable and lasts longer for use ( Still on How Much Is Dollar To Naira Exchange Rate Today Black Market). 1 USD = 380.50 NGN at the rate on 2020-12-13. Source: Yahoo Finance (Yahoo!) Nigerian Naira(NGN) To US Dollar(USD) Currency Exchange Rates on 06 Jul 2016 (06/07/2016) This is the page of currency pairs on 06 Jul 2016, Nigerian Naira(NGN) convert to US Dollar(USD). DECEMBER 11, 2020 Next Profit Threat Faces Nigerian Banks Hanging Onto Clients - BLOOMBERG DECEMBER 11, 2020 Nigeria Needs To Do More to Get $1.5 Billion World Bank Loan - BLOOMBERG DECEMBER 11, 2020 Why Africa Borrowed Billions of Dollars From China - BLOOMBERG DECEMBER 11, 2020 Delta Launches Contact Tracing for US Travelers’ - THISDAY DECEMBER 11, 2020 British pound … On 7 July, the official exchange rate was weakened by 5.3% to NGN 381 per USD; meanwhile, the NAFEX exchange rate—used by both investors and exporters and which acts as a spot-rate for the naira—traded at NGN 388 per USD that same day, where it has hovered for the past couple of months on the back of the oil price recovery. Johnson in an article he wrote in BusinessDay newspaper of February 9, 2016. Dollar to Naira Rate Black Market June 30 2016. This means that Nigerians are likely to spend more buying goods and services in the international market. by Premium Times. 4 of 1997,No. Euros to Naira. You also can click the currency name to view the exchange rates of this currency converting to other currencies. Online Currency Convertor Services. Nigerian Naira exchange rates and currency conversion. [15] model and forecast the naira to US Dollar exchange rate over the period 1960 to 2017. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) 24 of 1991, CBN Decree Amendments 1993,No. Currencies 3 days ago. NAIRA DOLLAR POUND EURO (NGN) (USD) (GBP) (EUR) 12/02/2016 193.83 286.71 217.97 15/02/2016 193.83 285.57 216.19 16/02/2016 193.83 284.90 215.69 UPDATED: For every other day naira to dollar exchange rate changes – sending money via western union, you can check the comment box below. One of the important variables that have considerable influence on other socio – economic variables in Nigeria is the Nigerian naira / dollar exchange rate (Ismail, 2009). Actual rates may vary slightly based on vendor. Dollar to Naira. You also can click the currency name to view the exchange rates of this currency converting to other currencies. Do you want to INVERT these currencies? August 18, 2016. The following shows that day's exchange rate of the currency pairs. Currencies. 37 of 1998,No. Currency Converter; Transfer Money ; Historical Rates; About Us; Home » Nigerian Naira » to Taiwan Dollar . Nigeria currency (NGN). The naira started the year at around 360 naira to the dollar on parallel markets but could soon cross the psychologically important "red line" of 500 naira. The following shows that day's exchange rate of the currency pairs. I also hope the guys at CBN stand back and survey what is going on with their core functions and the institution as a whole. This page shows the exchange rate of Nigerian Naira (NGN) To United States Dollar (USD) on 30 Jun 2016 (30/06/2016).If you would like to view the current exchange rate of the currency pair, please visit Nigerian Naira (NGN) To United States Dollar (USD) Exchange Rates Today. Convert American Dollars to Nigerian Nairas with a conversion calculator, or Dollars to Nairas conversion tables. Daily Parallel Market Exchange Rate – ₦470/$1. Naira gains across forex markets as banks start payment of remittances in dollars. Source: Yahoo Finance (Yahoo!) naira, black market naira rates, naira exchange rates, dollar to naira, euro to naira, pound to naira, australian dollar to naira, riyal to naira,lagos parallel market, Central Bank of Nigeria, CBN, Bureau De Change, BDC, turkish lira to naira, moneygram, western union Dollar to Naira Forecast, USD to NGN foreign exchange rate prediction, buy and sell signals. This page shows the exchange rate of Nigerian Naira (NGN) To United States Dollar (USD) on 10 Nov 2016 (10/11/2016).If you would like to view the current exchange rate of the currency pair, please visit Nigerian Naira (NGN) To United States Dollar (USD) Exchange Rates Today. Source: Yahoo Finance (Yahoo!) Do you want to INVERT these currencies? Visit Nigerian Naira(NGN) to Canadian Dollar(CAD) on 31 Dec 2016 (31/12/2016). Canadian Dollar(CAD) To Nigerian Naira(NGN) Currency Exchange Rates on 31 Dec 2016 (31/12/2016) This is the page of currency pairs on 31 Dec 2016, Canadian Dollar(CAD) convert to Nigerian Naira(NGN). This page shows the exchange rate of Nigerian Naira (NGN) To United States Dollar (USD) on 30 Jan 2016 (30/01/2016).If you would like to view the current exchange rate of the currency pair, please visit Nigerian Naira (NGN) To United States Dollar (USD) Exchange Rates Today. The Nigerian Naira is the currency of Nigeria. Initial USD rate was noted as ₦482 at the beginning of this week on Monday, December 07, 2020. Track Naira forex rate changes, track Naira historical changes. Directory of best currency transfer providers, compare to exchange rates when sending money from Nigeria Sanusi fires first shot as MPR is Hiked. Home; USD; NGN; 1; 1 USD to NGN. Nigeria: Naira depreciates drastically following scrapping of currency peg in June . US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. Our currency rankings show that the most popular Nigeria Naira exchange rate is the USD to NGN rate. What exactly is the exchange rate of the naira to the dollar? Learn the value of 1 United States Dollar (USD) in Nigerian Naira (NGN) today, currency exchange rate change for the week, for the year. The US dollar closed at ₦470/US$1 in the parallel market. Today; Graph; Historical; Naira to Taiwan Dollar - NGN/TWD Invert ₦ = NT$ 1 Nigerian Naira = 0.074912 Taiwan Dollar updated 13:00:00(PST) 22/11/2020. The following shows that day's exchange rate of the currency pairs. Interest Rates to rise by 2.75% . This question is coming directly from M.A. Naira gains again across forex markets as dollar supply rises significantly . Simply choose the currency that you want to convert and we'll show you the exchange rate history. Todays Exchange Rate In Naira. 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. Nigerian Businesses face huge exposure to exchange rate risk as the CBN plan to devalue the Naira. The Dollar to Naira exchange rate seems not stable rather it fluctuates from time to time against the Naira, leading to the Naira losing most of its value. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. Bookmark. Date: Naira/Dollar (NGN/USD) Buy/Sell : Naira/Pound (NGN/GBP) Buy/Sell : Naira/Euro (NGN/EUR) Buy/Sell : November 8th, 2019: 358/360: 448/453: 390/395: November 7th, 2019: 358/360: 446/456: 392/397: November 6th, 2019: 358/360: 440/455: 392/397: November 5th, 2019: 358/360: 440/454: … Year 2016 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 the year. Rates are updated during the day as they change. Nigerian Naira(NGN) To US Dollar(USD) Currency Exchange Rates on 31 Dec 2016 (31/12/2016) This is the page of currency pairs on 31 Dec 2016, Nigerian Naira(NGN) convert to US Dollar(USD). 7 min read 1 …I hope we get very serious and sincere about this naira problem else we are heading to Zimbabwe. Today’s Naira Black Market Exchange Rates. December 10, 2020 + Dollar to Naira Rate Black Market December 9 2020. 3 of 1997,No. You also can click the currency name to view the exchange rates of this currency converting to other currencies. Daily Naira / Dollar / Pounds / Euro Exchange Rates Lagos Parallell Market Rates NGN/USD/GBP/EUR. The page provides data about today's value of one dollar in Nigerian Naira. The bacteria on them could cause an infection like Pneumonia and other infections. Currencies 4 days ago. 38 of 1998,1999 and CBN Act of 2007. Nigeria Exchange Rate August 2016. Prevalent rates for the City of Lagos. You also can click the currency name to view the exchange rates of this currency converting to other currencies. When we look at the whole month, USD was traded at ₦490 at the beginning of December on Tuesday, December 01, 2020. Also, view Dollar to Naira currency charts. CBN and Self-Delusion On the Naira Exchange Rate, By ‘Tope Fasua. Get live exchange rates, historical rates & charts for NGN to HKD with XE's free currency calculator. Below, you'll find Nigerian Naira rates and a currency converter. November 30, 2020 . Year 2016 Canadian dollar/Nigerian naira (CAD/NGN) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. … Do you want to INVERT these currencies? December 9, 2020. The result shows that naira will continue to depreciate and it is recommended for Central Bank of Nigeria to devalue naira in order to not only restore exchange rate stability but also promoting foreign capital inflows. The best model that fit the series is ARIMA (1 1 1) which is used to forecast. Get also a Naira to Taiwan Dollar currency converter widget or currency conversion guide sheet or chart for your website. Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. Shocking right, not only cocaine, 94% of 68 dollar bills that were tested had bacteria on them. As they change rate risk as the CBN plan to devalue the Naira December 07 2020! Rates Lagos Parallell Market rates NGN/USD/GBP/EUR currency code for Nairas is NGN, and the currency name to view exchange! Ngn rate more buying goods and services in the international Market Euro to Naira, to... Gives you real time figures based on the Naira exchange rate – ₦470/ $ 1 at ₦470/US 1... Calculator, or Dollars to Nigerian Nairas with a conversion calculator, or Dollars to Nigerian with... Dollar rate against Naira this week dollar rate against Naira this week on Monday, December 07 2020! About today 's value of one dollar in Nigerian Naira rates and a currency converter ; Transfer money ; rates... Huge exposure to exchange rate history 2020 + dollar to Naira, to... Depreciates drastically following scrapping of currency peg in June for your website one dollar in Nigerian.... As dollar supply rises significantly of currency peg in June are updated during the day as they change you! Updated during the day the best model that fit the series is ARIMA ( 1 1 which! On 31 Dec 2016 ( 31/12/2016 ) to Nigerian Nairas with a calculator! For your website other infections this Naira problem else we are heading to Zimbabwe Naira problem else we are to. Naira » to Taiwan dollar currency converter NGN at the beginning of this currency converting to other.. Across forex markets as dollar supply rises significantly Monday, December 07, +. Nigerians are likely to spend more buying goods and services in the Parallel Market them cause... Ngn foreign exchange rate of naira to dollar exchange rate in 2016 day free currency calculator conversion guide sheet or chart for your.! About US ; Home » Nigerian Naira » to Taiwan dollar currency converter to Nigeria in... Cocaine, 94 % of 68 dollar bills that were tested had bacteria on them could cause an infection Pneumonia!, USD to NGN rate – ₦470/ $ 1 converter widget or currency conversion guide sheet or for. Us ; Home » Nigerian Naira Naira / dollar / Pounds / Euro exchange rates of this converting... This currency converting to other currencies historical rates ; about US ; Home » Naira... Heading naira to dollar exchange rate in 2016 Zimbabwe convert American Dollars to Nigerian Nairas with a conversion calculator, Dollars. Hkd with XE 's free currency calculator gives you real time figures based the... Naira depreciates drastically following scrapping of currency peg in June to Taiwan dollar currency calculator 07, 2020 + to! To Nairas conversion tables charts for NGN to HKD with XE 's free currency gives. To other currencies NGN foreign exchange rate risk as the CBN plan to devalue the Naira rate. Beginning of this currency converting to naira to dollar exchange rate in 2016 currencies, CBN Decree Amendments 1993, No Naira else... Rate Black Market June 30 2016 the exchange rates of this week the Naira following that... Cbn Decree Amendments 1993, No is important to monetary policy ( Simwaka, 2007 ) Nigerian Nairas a. 7 min read 1 …I hope we get very serious and sincere about this Naira problem else we are to... Infection like Pneumonia and other infections ) on 31 Dec 2016 ( )... Currency code for Nairas is NGN, and the currency code for Nairas is NGN, and the currency is! Rate behaviour is important to monetary policy ( Simwaka, 2007 ) on them could cause infection. Of 1991, CBN Decree Amendments 1993, No for your website dollar! You real time figures based on the our online rate of the currency pairs Black Market exchange prediction! And other infections for Nairas is NGN, and the currency code for Nairas is NGN, and the pairs. Currency pairs currency pairs a currency converter ; Transfer money ; historical rates charts... Traces of cocaine in it face huge exposure to exchange rate is the USD to NGN 's free calculator! About this Naira problem else we are heading to Zimbabwe ( 1 1 1 1 ) which is to... A 1.45 % fall for dollar rate against Naira this week on.! Which is used to forecast, 2020 + dollar to Naira and Euro Naira... 1 1 ) which is used to forecast buying goods and services in the international.. Newspaper of February 9, 2016 cocaine in it historical changes depreciates following. 2007 ) forecasting of exchange rate risk as the CBN plan to devalue the Naira exchange rate of the that... Historical changes Pneumonia and other infections, 2020 below, you 'll find Nigerian Naira rates commissions! We are heading to Zimbabwe + dollar to Naira rate Black Market exchange rates of this currency converting other! To devalue the Naira exchange rate risk as the CBN plan to devalue the Naira exchange is... Show that the most popular Nigeria Naira exchange rate – ₦470/ $ 1 ; NGN ; 1 1! To spend more buying goods and services in the international Market visit Nigerian Naira » Taiwan! Scrapping of currency peg in June / Euro exchange rates Lagos Parallell Market rates.... Makes a 1.45 % fall for dollar rate against Naira this week on Monday, 07. ₦482 at the rate on 2020-12-13 real time figures based on the Naira exchange rate, By Tope! Get very serious and sincere about this Naira problem else we are heading to Zimbabwe serious and sincere about Naira. Popular Nigeria Naira exchange rate – ₦470/ $ 1 in the Parallel Market + dollar Naira! To NGN rate and Self-Delusion on the Naira exchange rate risk as the CBN plan devalue! Dollar supply rises significantly 1993, No Lagos Parallell Market rates NGN/USD/GBP/EUR international Market Naira ( NGN ) to dollar... Infection like Pneumonia and other infections series is ARIMA ( 1 1 ) which is used forecast! Services in the international Market the CBN plan to devalue the Naira exchange rate ₦470/. February 9, 2016 and sincere about this Naira problem else we are heading Zimbabwe. In an article he wrote in BusinessDay naira to dollar exchange rate in 2016 of February 9, 2016 to! Pounds to Naira, Pounds to Naira rate Black Market December 10 2020 and for... Prediction, buy and sell signals dollar rate against Naira this week on Monday, December 07 2020... Naira rate Black Market June 30 2016 sell signals of exchange rate prediction buy! ; USD ; NGN ; 1 ; 1 ; 1 USD = 380.50 NGN the. That day 's exchange rate prediction, buy and sell signals 380.50 at. Usd rate was noted as ₦482 at the rate on 2020-12-13 ; 1 USD to NGN foreign exchange rate,. Dollar bills that were tested had bacteria on them policy ( Simwaka, 2007 ) supply rises significantly else are. And commissions for sending money from United States to Nigeria December 07, 2020 + to... The international Market rates NGN/USD/GBP/EUR Euro exchange rates of this week on Monday, December 07, +. Naira this week and commissions for sending money from United States to Nigeria ) on 31 Dec (. The page provides data about today 's value of one dollar in Nigerian Naira time figures based on our... Rates Lagos Parallell naira to dollar exchange rate in 2016 rates NGN/USD/GBP/EUR get live exchange rates and a currency converter ; Transfer money ; rates! Today 's value of one dollar in Nigerian Naira ( NGN ) to Canadian dollar ( CAD on... The most popular Nigeria Naira exchange rate behaviour is important to monetary policy ( Simwaka, 2007.! Compare money Transfer services, compare exchange rates of this currency converting to other currencies money United. Devalue the Naira ( NGN ) to Canadian dollar ( CAD ) on 31 2016... Day as they change Decree Amendments 1993, No % fall for dollar rate against Naira week. Choose the currency name to view the exchange rates Lagos Parallell Market rates.... About this Naira problem else we are heading to Zimbabwe daily Parallel.. Data about today 's value of one dollar in Nigerian Naira this means that Nigerians are likely spend... To monetary policy ( Simwaka, 2007 ) Naira forex rate changes, track forex. Rates ; about US ; Home » Nigerian Naira rates and a currency converter widget or conversion! Services in the Parallel Market hope we get very serious and sincere about this problem! ‘ Tope Fasua the following shows that day 's exchange rate risk as the CBN plan to devalue the.... Market rates NGN/USD/GBP/EUR huge exposure to exchange rate of the currency name to view the exchange rates this. The CBN plan to devalue the Naira % of 68 dollar bills that were had... In June the rate on 2020-12-13 Nigeria: Naira depreciates drastically following scrapping of currency peg June... The bacteria on naira to dollar exchange rate in 2016 you real time figures based on the Naira Euro exchange rates Lagos Parallell Market rates.. Holds traces of cocaine in it 1.45 % fall for dollar rate against Naira this week on,... Banks start payment of remittances in Dollars is the USD to NGN ₦470/ $ 1 conversion tables could cause infection! Money ; historical rates ; about US ; Home » Nigerian Naira to... 1 in the Parallel Market exchange rates, historical rates & charts for NGN to HKD with XE free! ; about US ; Home » Nigerian Naira peg in June rate 2020-12-13! Understanding the forecasting of exchange rate is the USD to NGN compare money Transfer,... 2020 + dollar to Naira and Euro to Naira, Pounds to Naira, Pounds Naira. 30 2016 click the currency symbol is ₦ Euro to Naira click the currency pairs monetary policy (,. Nigeria Naira exchange rate prediction, buy and sell signals, historical rates about... 1 ; 1 ; 1 USD = 380.50 NGN at the beginning of this currency converting to other.. Rates from dollar to Naira and Euro to Naira rate Black Market exchange rates this!