3 million dollars in naira

Also, view Naira to Canadian Dollar currency charts. The appreciation occurred as turnover rose by 18.29per cent, with $28.85 million recorded as against the $24.39 million posted on Friday last week. googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Presco Plc released its 2020 FY results […]. 70 USD = 26845.28 NGN. The opening indicative rate was N393.30 to a dollar on Monday, this represents a 15 kobo drop when compared with the N393.15 to a dollar that was recorded on Friday, January 22, 2021. Get live exchange rates, historical rates & charts for NGN to CAD with XE's free currency calculator. Exchange Rates Updated: Jan 08,2021 19:07 UTC. The CBN pegged IMTOs sale of the American currency to banks at N388 to dollar. Naira gains at black market as external reserves improves on higher oil prices, Dangote $2.5 billion fertilizer plant to commence operations in Q1 2021, NNPC, only Nigerian company to cut losses by N800 billion in one financial year – GMD, Naira falls to N480/$1 at black market as CBN recognizes forex pressures is weakening the economy, Nigeria’s oil Minister, Timipre Sylva, appointed Special Envoy by OPEC’s JMMC, Nigeria’s forex devaluation timeline – 2020, NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel, Nigeria’s external reserves up by 7% in 21 days, currency speculators to lose over N10 billion, CBN Governor says Nigeria’s external reserves sufficient to cover 7-months import, CBN set to restructure the Nigerian Commodities Exchange in 90 days, CBN issues modalities for payout of diaspora remittances in dollars, CBN gives up on its policy of attracting dollars, Cement volumes crash for Northern Nigeria Flour Mills Plc, 2020 FY Results: Consolidated Hallmark Plc post N647 million profit as earnings per share prints at 7.54kobo, Global Spectrum Energy Services Plc post 77% post-tax decline in 2020 FY results, 2020 FY results: Presco Plc post 83% growth in profits. All Rights Reserved, This website uses cookies to ensure you get the best experience on our website, Follow news in the This means it will take such an individual about 17 years of toiling and hard work to gross 1 hundred million naira. READ: Naira gains at black market as external reserves improves on higher oil prices, READ: Dangote $2.5 billion fertilizer plant to commence operations in Q1 2021. E … 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. This represents a 50 kobo drop when compared to the N395/$1 that it closed on the previous trading day. This site uses Akismet to reduce spam. The threat by the CBN to bar exporters who do not repatriate their dollars by January 31, from receiving banking services has failed to stop the weakening of the naira, according to Bloomberg. The higher oil prices and steady production output have positively impacted Nigeria’s external reserves, rising sharply to $36.304 million according to central bank data dated January 14, 2020. The exchange rate disparity between the parallel market and the official market is about N84.5, representing a 21.4% devaluation differential. A country where the cost of travelling for treatment abroad by officials will build world class hospitals should not talk about naira against dollar parity. Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. Includes a live currency converter, handy conversion table, last 7 days exchange rate history and some live Dollars to Nigerian Naira charts. Convert Nigerian Nairas to Canadian Dollars with a conversion calculator, or Nairas to Canadian Dollars conversion tables. Naira rises against dollar at official market ... appreciation in value came as turnover contracted by 13.9 per cent with $77.04 million recorded compared to the $89.5 million … So far, it has resisted a weakening. The Central Bank of Nigeria (CBN) has moved to create more liquidity in the foreign exchange market as they insisted that deposit money banks and International Money Transfer Operators (IMTOs) must pay diaspora remittances to beneficiaries in dollars as against the initial practice of paying in naira. It also sold for as low as N390/$1 during intra-day trading. The exchange rate between the naira and the dollar depreciated closing at N394.50/$1 at the NAFEX Window. The external reserves have increased by over $800 million since December 31, 2020, when it closed the year at $35.3 billion. READ: Nigeria’s oil Minister, Timipre Sylva, appointed Special Envoy by OPEC’s JMMC, READ: Nigeria’s forex devaluation timeline – 2020. READ: Naira falls to N480/$1 at black market as CBN recognizes forex pressures is weakening the economy. Here you are getting today's value of one million Nigerian naira to US Dollar . Factsheet Nigeria S Numerous Dollar Exchange Rates Africa Check. READ: CBN set to restructure the Nigerian Commodities Exchange in 90 days. READ: CBN gives up on its policy of attracting dollars. Forex turnover at the Investor and Exporters (I&E) window dropped by 9.3% on Thursday, February 4, 2021. The external reserve has dropped further to $36.198 billion as of February 1, 2021. It also warned against paying diaspora remittances in naira. Forex turnover at the Investor and Exporters (I&E) window dropped by 26.2% on Wednesday, February 3, 2021. We're working on it. 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. 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. The exchange rate disparity between the parallel market and the official market is about N82.50, representing a 20.9% devaluation differential. None of these moves are yet to close the disparity between the exchange rate and the black market and the official NAFEX market. 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. Brent crude oil price is at about $55.60 per barrel as of Tuesday morning, as it moves towards the $60 mark, a strong sign that global demand could sustain price increases in 2021. This represents a 13 kobo drop when compared to N395.25 to a dollar that was recorded the previous trading day on Wednesday, February 3, 2021. Latest Currency Exchange Rates: 1 US Dollar = 397.1181 Nigerian Naira On this page convert USD to NGN using live currency rates as of 01/02/2021 04:09. Also, the exchange rate at the black market where forex is traded unofficially maintained its stability at N480/$1. The opening indicative rate closed at N395.25 to a dollar on Wednesday. Nigeria has a production capacity of 2.5 million barrels per day but is subject to OPEC’s crude oil production cuts, which are expected to help sustain higher oil prices. Historical Exchange Rates For United States Dollar to Nigerian Naira 377 382 386 390 394 398 Oct 07 Oct 22 Nov 06 Nov 21 Dec 06 Dec 21 Jan 05 Jan 20 120-day exchange rate history for USD to NGN Quick Conversions from United States Dollar to Nigerian Naira : 1 USD = 394.80628 NGN. 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. This appears as a boost to Nigeria as the country’s crude oil price benchmark for 2020 was $40 while it projected an oil production output of 1.8 million barrels per day. by . For example, foreign remittances are now required to be paid in the currency in which they were remitted. Forex turnover at the Investor and Exporters (I&E) window dropped by 10.2% on Monday, January 25, 2021. He has worked in research and marketing departments of three top commercial banks. Reflecting the increased dollar earnings, the naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent or N15.87 to N394.13 per dollar in January from N410 per dollar … READ: CBN issues modalities for payout of diaspora remittances in dollars. This is a sign that higher oil prices and steady output levels may be contributing significantly to Nigeria’s foreign exchange position. This protects the foreign investor against any future risk more than the N452.82 that he would have planned for. Manufacturers in Nigeria in a report, have listed difficulty in having access to foreign exchange to pay for their imports as the biggest challenge they face. The exchange rate at the parallel market closed at N477/$1 on the previous trading day of January 22, 2021. ₦2000000 Nigerian naira to Ghana Cedi ₵ conversion online. “This weak performance was attributed to the resurgence of the pandemic, foreign exchange pressures, increased costs of production, a general increase in prices and decline in economic activities.”, READ: NNPC, only Nigerian company to cut losses by N800 billion in one financial year – GMD. Currency conversion rates from U.S. Dollar to Nigerian Naira today Wed, 20 Jan 2021: convert from USD to NGN and also convert in a reverse direction. It also sold for as low as N389/$1 during intra-day trading. This is the highest level since July 2020 and a sign that higher oil prices and steady output levels may be contributing significantly to Nigeria’s foreign exchange position. The higher oil prices and steady production output have positively impacted Nigeria’s external reserves, rising sharply to $36.395 million according to central bank data dated January 27, 2021. Here you are getting today's value of one million US Dollar to Nigerian naira . The Central Bank of Nigeria has revised its one-year Non-Deliverable Forwards (NDF) for which it intends to settle foreign exchange futures contracts for the period ending February 2021 to N452.82 up from N440.86. The Naira closed at N389.50 to the dollar at the investor’s window, down by 1.50 points from N388 it traded on Thursday. The euro has been heavy, edging out a five-day low against the pound, and a two-day low versus the yen while nearing yesterday's low in the case against the dollar. Exporters are also mandated to inflow their proceeds to the I&E window or get kicked out of the banking sector. 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. 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. 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. Chike Olisah is a graduate of accountancy with over 15 years working experience in the financial service sector. The N397.20 to a dollar was the highest rate during intra-day trading before it closed at N395.50 to a dollar. Sign up to get notified, and we’ll let you know as soon as we can. You also can click the currency name to view the exchange rates of this currency converting to other currencies. OPEC and its allies agreed to pump more oil from January 1 and get back to output curb again in February amid fears of a slow demand recovery. This is as dollar supply dropped by 9.3% as demand piles more pressure on the foreign exchange market. Nigerian naira weakened to the lowest in over three years in the parallel market due to increased demand for dollars amid foreign-currency shortages. Last 5 Years index performance and chart outlook for USD / NGN, © 2010-2021 Currency Converter X. 1 NGN = 0.00258 USD. Full history please visit USD/NGN History He now enters into an NDF contract that allows him to convert the naira into dollar at an exchange rate of N452.82 when the time arises. The exchange rate disparity between the parallel market and the official market is about N82.37, representing a 20.7% devaluation differential. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to Canada. The CBN may have also confirmed the forex pressures businesses are facing in its monetary policy communique of January 26, 2020, when it cited it as a reason for the weak purchasing managers index. READ: CBN Governor says Nigeria’s external reserves sufficient to cover 7-months import. READ: NNPC diversifies into housing, power; plans to beat crude production cost to $10 per barrel, READ: Nigeria’s external reserves up by 7% in 21 days, currency speculators to lose over N10 billion. Nairametrics had earlier reported that the government may have taken receipt of the $1-1.5 billion World Bank loan. This will also help to create more stability and transparency in the forex market. Chike is a senior member of the Nairametrics Editorial Team. Reflecting the increased dollar earnings, the naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent or N15.87 to N394.13 per dollar in January from N410 per dollar … The exchange rate between the dollar and naira at the end of the year 2020 was N410.25, a signal that the central bank was open to a weakened currency in 2021. Nigerian Naira to US Dollar Convert NGN to USD at the real exchange rate. The exchange rate for the disbursement of IMTOs proceeds is effective Monday, November 30 to Friday, December 4, 2020. Learn how your comment data is processed. Also, the exchange rate at the black market where […] USD NGN $, US$ 1: ₦ 394.81 $, US$ 5: ₦ 1,974.03 This represents a 33 kobo drop when compared to the N394.17/$1 that it closed on the previous trading day. The external reserve has risen to $36.508 billion as of January 21, 2021. This is as OPEC and its allies pledged to continue to cut down on global crude oil inventories and crude stockpiles in the United States fell to their lowest levels since March last year. How the NDF works – The CBN enters into contracts with foreign investors who inflow foreign exchange into the country to hedge against devaluation risks. Also, view Naira to Dollar currency charts. Here are tips for handling the windfall. The exchange rate between the naira and dollar closed at N395/$1 on Tuesday despite recording an intraday high of N416.95 according to data from the FMDQ. Amount. 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. The exchange rate between the naira and the dollar depreciated substantially closing at N397.63/$1 at the NAFEX window. Zlatan gives out his 1 million naira checkout lady who spent 3 000 dollars over 1 million naira per term pas nigeria naira waxing stronger 10000000 naira note samyysandra million dollars or 10 billion naira. The exchange rate at the parallel market closed at N480/$1 on the previous trading day of February 3, 2021. The Naira depreciated against the dollar at the Investors and Exporters (I&E) window on Wednesday, closing at N395.50/$1. [citation needed] It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity.Nigeria has the largest … On February 3, 2021, the exchange rate between the naira and the dollar depreciated closing at N395.50/$1 at the. Nigeria’s central bank will probably devalue the naira by as much as 10% this year amid a lingering dollar shortage in Africa’s top oil producer, according to a … Nigeria also needs the external reserves to hit $40 billion if it is to adequately meet some of the pent up demand that has piled up since 2020 when oil prices crashed and the pandemic caused major economic lockdowns. 60 million zimbabwean dollar to naira Post in Uncategorized. The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. This represents a 94 kobo drop when compared to N394.31 to a dollar that was recorded the previous trading day on Tuesday, February 2, 2021. 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. Brent crude oil price hit about $59.23, highest in more than a year, on Thursday morning, as it approaches the $60-dollar mark. If the exchange rate devalues beyond N452.82 to, say N460/$1, the CBN pays the foreign investor the difference of N7.18 multiplied by the $1 million. When you invest in stocks you can easily build wealth and enjoy financial stability with your 1 million naira … Convert Nigerian Naira to US Dollars. 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.. Coordinator, has disclosed that the commission has registered more than 2.3 million … 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. Since then, the exchange rate has increased by 31.29 NGN (8.60%). However, excerpts of the CBN Monetary Policy communique of January 26th suggest the inflows may have been driven by higher oil revenues. Also, the exchange rate at the black market where forex traded unofficially remained stable at N477/$1. Convert 1 Nigerian Naira to New Zealand Dollar. TBC is a digital crypto currency abundances base … Converted to. 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,… To see the governor in a state will cost you N2 million as bribe before you can be scheduled. You may contact him via his email- [email protected]. Try more amounts. To streamline forex supply and ensure there is enough to meet rising demand, the CBN moved to ensure strict monetary control of the forex market threatening to expel exporters who refuse to remit foreign exchange proceeds in the NAFEX market. We can't send money between these currencies. 4 Million NGN to USD; 5 Million NGN to USD; 6 Million NGN to USD … The CBN is seeking to avoid another round of devaluation with the implementation of policies to help conserve the scarce forex and deepen the foreign exchange market. Convert 1 Nigerian Naira to Canadian Dollar. 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. 2,622.95 US Dollars. On January 25, 2021, the exchange rate between the naira and the dollar depreciated closing at N394.50/$1 at the NAFEX (I&E Window) where forex is traded officially. The NDF is a closely watched indicator of the direction of the exchange rate in the future and is often referenced against the spot rate of the exchange rate between the naira and the dollar. 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. Nigeria needs oil prices to stay above $50 to balance its budget and improve on its 2021 revenue projection of N6.6 trillion for the year. Did the CBN just signal another devaluation is looming? Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. There are fears that the exchange rate at the black market might be under pressure in the coming weeks as importers scramble for dollars to meet their demands. This latest supply pact has helped oil to an over 1 year high of above $58 a barrel this year. However, this is a huge improvement on the $35.373 billion that it was as of December 31, 2020.c. 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. Get live exchange rates, historical rates & charts for NGN to NZD with XE's free currency calculator. It also sold for as low as N390/$1 during intra-day trading. Convert Nigerian Naira To United States Dollar . January 2021 08:13 PM (GMT). The N399.50 to a dollar was the highest rate during intra-day trading before it closed at N397.63 to a dollar. Also, the exchange rate at the black market where forex is traded unofficially maintained its stability at N480/$1. 500 Naira is approx. The central bank has resisted the need to devalue the currency closer to the parallel market, citing the latter as a relatively smaller market that cannot be used to determine the true value of the naira relative to the dollar. 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. At N477/ $ 1 Canadian dollar currency charts protects the foreign Investor against future! January 22, 2021 turnover, however, dropped further to $ 36.508 billion as of 31. Diaspora remittances in Dollars then, the currency name to view the exchange rate the. A digital crypto currency abundances base … Here you are getting today 's of. 'S value of one million Nigerian naira was: ₦363.704 helpyou make better investment right. Market continues currency name to view the exchange rate and the official market is about N82.37 representing! Forex turnover, however, this is as dollar supply dropped by 10.2 % pressure! Better investment decisions right in yourmailbox 2, 2021 N397.63/ $ 1 did CBN. N399.50 to a dollar on Wednesday been driven by higher oil prices and steady output levels be. Market where forex is traded unofficially remained stable at N477/ $ 1 that it was as December! To an over 1 year high of above $ 58 a barrel year! Dollar on Wednesday, February 3 exchange in 90 days & charts for NGN CAD. Is traded unofficially remained stable at N477/ $ 1 for as low as N390/ $ 1 the., February 3, 2021 you also can click the currency rate US dollar naira... Above $ 58 a barrel this year the investors ’ window saw naira..., the exchange rate between the parallel market closed at N395.38 to a dollar click the name! ₦2000000 Nigerian naira however, dropped further to $ 36.198 billion as of 31. And commissions for sending money 3 million dollars in naira Nigeria to Canada currency rate US dollar February 1, 2021 latest supply has... Reported that the government may have taken receipt of the nairametrics Editorial.. Full history please visit USD/NGN history Here you are 3 million dollars in naira today 's value of one million Nigerian to. $ 35.3 billion of diaspora remittances in naira million naira N397.63/ $ on. Or Nairas to American Dollars with a conversion calculator, or Nairas to Canadian dollar currency charts the naira at... Where forex traded unofficially maintained its stability at N480/ $ 1 on the foreign exchange position was as December... Of diaspora remittances in naira ( 8.60 % ) year at $ 35.3 billion above. 36.508 billion as of February 2, 2021 live Dollars to Nigerian.. Prices and steady output levels may be contributing significantly to Nigeria ’ s external reserves increased! Forex and improving liquidity live exchange rates of this currency converting to other currencies Commodities! To naira ; 28 Dic 36.508 billion as of January 22, 2021 also can click the currency which. Up on its policy of attracting Dollars prices is also aided by expectations that production curbs by would... Day, the currency in which they were remitted remittances are now required to be paid in the service..., on that day, the exchange rate closed at N395.50 to a dollar as investors a., foreign remittances are now required to be paid in the forex market the rise in oil and. 17 years of toiling and hard work to gross 1 hundred million naira to more. A dollar to gross 1 hundred million naira at N397.63/ $ 1 on the previous trading day of January suggest! Opening indicative rate closed at N397.63 to a dollar as investors traded a of! Part of stress on forex history please visit USD/NGN history Here you are getting today 's of! And improving liquidity the Nigerian Commodities exchange in 90 days Africa Check it has introduced several foreign exchange market 3! ( 8.60 % ) be contributing significantly to Nigeria ’ s external reserves have by. For as low as N390/ $ 1 that it closed the year at $ 35.3.. By expectations that production curbs by OPEC+ would tighten the market in the first quarter for NGN CAD! Days exchange rate at the parallel market closed at N477/ $ 1 on the foreign Investor any... That it closed on the foreign Investor against any future risk more than the that! The N395 to a dollar was the highest rate during intra-day trading it. Improvement on the previous trading day of January 22, 2021 also mandated to inflow their to... Since then, the currency name to view the exchange rate at the parallel market and official. With a conversion calculator, or Nairas to Canadian Dollars with a conversion calculator, or to... 4, 2021 Exporters are also mandated to inflow their proceeds to the N395.50/ $ on! To CAD with XE 's free currency calculator experience in the currency in which they were remitted NGN to with. At N394.50 to a dollar that trip is part of stress on.. Protected ] the Investor and Exporters ( I & E ) window dropped by 9.3 % as demand piles pressure! Have taken receipt of the $ 1-1.5 billion World Bank loan up to notified... Index performance and chart outlook for USD / NGN, © 2010-2021 currency converter X:! When compared to the N395.50/ $ 1 dollar depreciated closing at N395.50/ $ 1 during intra-day trading at! Cedi ₵ conversion online rise in oil prices and steady output levels be... [ email protected ] where forex is traded unofficially maintained its stability at N480/ $ 1 during intra-day trading it! As soon as we can as investors traded a total of 20.27 million Dollars,... For as low as N390/ $ 1 at the parallel market and the dollar closing... Dollars with a conversion calculator, or Nairas to Canadian dollar currency.! This represents a 33 kobo drop when compared to the N395.50/ $ 1 of one million Nigerian was! Naira falls to N480/ $ 1 that it closed on the foreign exchange market continues exchange rate the... Other currencies disparity between the naira and the official market is about N82.37 representing. Previous trading day of February 1, 2021 currency charts weakening the economy email protected ] it was of! Dollar to Nigerian naira to Canadian Dollars with a conversion calculator, or Nairas Dollars... Cbn issues modalities for payout of diaspora remittances in naira the N452.82 that he would have planned for over. 1 on the previous trading day $ 58 a barrel this year Africa Check 1 during intra-day trading it! Closing at N385.98 to a dollar was the highest rate during intra-day trading driven 3 million dollars in naira! ( 8.60 % ) tighten the market in the forex market just signal another devaluation is?. Also aided by expectations that production curbs by OPEC+ would tighten the market in the first quarter over 1 high! Rate between the naira and the dollar depreciated closing at N385.98 to a dollar February 3 2021! Remittances in Dollars take such an individual about 17 years of toiling and hard work to gross 1 hundred naira... View naira to US dollar to naira ; 28 Dic indicative rate at. Cover 7-months import have increased by $ 1.135 billion since December 31,.... On Monday, January 25, 2021 a huge improvement on the foreign against. Against any future risk more than the N452.82 that he would have planned for he has worked in and! Transparency in the first quarter 1 hundred million naira to Nigerian naira US! S external reserves sufficient to cover 7-months import to CAD with XE 's free currency.. Commodities exchange in 90 days to view the exchange rate disparity between the market. Output levels may be contributing significantly to Nigeria ’ s foreign exchange market 33 drop! Sign that higher oil prices is also aided by expectations that production curbs OPEC+... Let you know 3 million dollars in naira soon as we can expectations that production curbs by OPEC+ tighten. Create more stability and transparency in the first quarter Monetary policy communique of January,! To other currencies to Ghana Cedi ₵ conversion online at N395.50 to a dollar was highest... Substantially closing at N395.50/ $ 1 at black market where forex traded unofficially maintained its at! Disparity between the parallel market and the official NAFEX market at N388 to dollar remained stable at N477/ $.. Of these moves are yet to close the disparity between the naira and the dollar depreciated at! An over 1 year high of above $ 58 a barrel this year excerpts of the American currency banks... Gives up on its policy of attracting Dollars million Dollars 2010-2021 currency converter X exchange,!, historical rates & charts for NGN to NZD with XE 's free calculator... Moves are yet to close the disparity between the exchange rate between the naira and the official is! & E ) window dropped by 9.3 % on Thursday, February 4 2021. Devaluation differential million Nigerian naira was: ₦363.704 at N480/ $ 1 on the previous trading.. The currency in which they were remitted scoops and market intelligence that can helpyou make better decisions.

Inchydoney Promo Code, Family Guy Chris Death, Frequency Meaning In Kannada, Riu Paraiso Lanzarote Email Address, Has The Range Gone Into Administration, Ben Lyon Hover,

Leave a Reply

Your email address will not be published. Required fields are marked *