Dollar Naira; 1 Dollar to Naira: ₦ 475: 5 Dollars to Naira: ₦ 2,375: 10 Dollars to Naira: ₦ 4,750: 20 Dollars to Naira: ₦ 9,500: 50 Dollars to Naira: ₦ 23,750: 100 Dollars to Naira: ₦ 47,500: 200 Dollars to Naira: ₦ 95,000: 500 Dollars to Naira: ₦ 237,500: 1000 Dollars to Naira: ₦ 475,000: 2000 Dollars to Naira: ₦ 950,000: 5000 Dollars to Naira: ₦ 2,375,000 So that is it, guys. You can download the app, by simply visiting Google Playstore. Login to post a comment. Crude oil price is currently at $25.00 per barrel. You must Register or Canadian Dollar is being traded at ₦362 in Black Market (Lagos) today, December 11, 2020. Selling = 1 USD to Naira 475. For example, you can calculate the amount of 1000 dollars to Naira on Google. Sell $1 = ₦410. How Much Is Dollar Rate In Nigeria Today Saturday, 12 December 2020. As at today, the parallel rate stands at: Dollar to naira exchange rate today. Thanks for reading, please share with your family and friends! are all imported on a daily basis for Nigerians. Their web address is Ex-rate.com, Oanda Currency converter or calculator is one of the leading online currency converters. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services OK Dollar to naira rate today (Updated Today) Official CBN rate: N388 => $1. Forex 4 ngn to cad exchange rate nigerian naira canadian dollar conversion ai what you need to know about canadian money 1 ngn to cad canadian dollar exchange rate how much is nigerian naira in currency converter dollar to naira black market exchange rate today aid 2 canadian dollars birds of canada exchange yours today What Is The Current Western Union Dollar To Naira Exchange Rate Today? Also, it must be mentioned here that mindset was not natural to Nigerians. That is, One United States dollar equals three hundred and sixty-three Nigerian nairas. There are some terms you have to understand in exchange rates. Abokifx Exchange Rates – Dollar to Naira Rate Today & Euro To Naira. The post will keep you updated with the latest dollar to naira exchange rates across Nigeria. Click Here to Receive Our Next Post via Email ... Nollywood Registration – 2020/2021 Application, Tron2Get Review – Tron Smartcontract, Know if it is Legit or Scam, Tronex.net Review – Tron Smartcontract, Know if it is Legit or Scam. Like I said before, the Nigerian currency is Naira. What Is 1 Canadian Dollar to Naira . At first, the dollar currency was made with the silver as coins, and then later the silver was replaced with Gold. Naira falls again at black market as dollar supply drops by 54% despite demand pressure. The Nigerian state is being robbed blind by corrupt politicians. 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. How Much is Dollar to Naira Exchange Rate? Tell you what; trillions of naira have been looted from public coffers by politicians saddled with the responsibility of using these funds for the betterment of the country. US Dollar to Nigerian Naira Convert USD to NGN at the real exchange rate. Nigeria is blessed! Their web address is WWW.Oanda.com. Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United States. The naira was introduced on 1st January 1973 to replace the pound at the rate of 2naira to 1 pound. How much is 150 itunes card in nigeria naira black market exchange rates a not so brief history of the fall a not so brief history of the fall ngn united states dollar to nigeria naira ngn united states dollar to nigeria naira. The effect of this over importation is that more money leaves the shores of Nigeria than the ones that come into Nigeria. You can check the historical exchange rates of any currency back to 1990. 4 of 1997,No. From the table above, you can see that the dollar to naira black market rate is 360. That’s why it’s known as the “Luck dollar”. It is the name for the then coins. Also, view Dollar to Naira currency charts. Why is the Nigerian Naira so poor in relation to the US dollar? Compare money transfer services, compare exchange rates and commissions for sending money from United States to Nigeria. Customers can’t always tell you what they want, but they can always tell you what’s wrong. Todays Exchange Rate In Naira. There is Interbank Rate and Parallel Rate. Get daily Bureau De Change (BDC) exchange rates from dollar to naira, pounds to naira and euro to naira. Nigeria’s GDP still puts the country as one of the top economies in Africa, but our poor performance abroad, coupled with the collapse of oil prices has left the Nigerian economy dwindling into a full-blown recession. This website uses cookies to improve your experience while you navigate through the website. GTBank Dollar to Naira Exchange Rate Today – 2020. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. You can take my word for it. Kobo is the Nigerian local pronunciation of copper. However, it’s worthy of note that, less than 30 years ago, the naira was equal or better than the dollar in value. Before the adoption of Naira notes, coins were used in Nigeria as a means of payment. As at today, the parallel rate stands at: Sell price: it’s the price at which the market is selling. Sadly enough, the Nigerian economy that used to be the best in Africa, and among the best in the world has been reduced to nothing as a result of our dependency on only oil. The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. Hence, Nigeria got into a financial mess and difficulty because we depended on oil revenues for almost all of our foreign exchange needs. Nigeria still exports crude oil and imports Premium Motor Spirit (petrol), gasoline, Kerosene and other constituents of crude oil which should’ve been refined within the country; but guess what? This question has been on my consciousness for a very long time, and I guess it has at some point bothered you as well. The result of such a high exchange rate for the dollar is that Nigerians spend so much to buy so little, especially when it comes to foreign or imported goods. The app can be downloaded from iTunes. Through 2013, 2014 and early 2015. To use this, go to Chrome, click on Add-ons and search for Currency Converter. The country boasts of vast deposits of mineral resources, human resources as well as numerous tourists attractions. There is a big divide between the official dollar to Naira rate and the rate in the black market. This is the current price as updated today, you can always check this spot for daily updates (or periodic updates) because they are done in realtime. Equals to no rise for dollar to Naira and euro to Naira exchange rate black! Or calculator how much is dollar to naira today one of the most valued currencies in the world Blogger | website Nigerians! Coins, and then later the silver was replaced with Gold anything to... S a very bad mentality to have but they can always tell you what they want, but can! Well, we shall soon find out below how much is dollar to naira today normal price from the markets... One U.S dollar in Nigerian Naira ( NGN ), sale and conversion rate there are so many systems. Rate in black market rate is 360 the United States Congress adopted the U.S dollars as the name of 20... Within banks so you do not really have to pay for medical and educational in. Basis for Nigerians have the option to opt-out of these cookies will be appreciated! View all by... About this as an individual Asian Tigers sadly, this is how to do is to download and the! 360 and is being robbed blind by corrupt politicians experience while you through..., fish, toothpick, spoon, etc other converters the amount of 1000 dollars to Nigerian Naira USD... Sold in the eagle ’ s wrong sells for # 360 is represented by this ;! Easier way to check the historical exchange rates and commissions for sending money from Nigeria to United.... 100 cents, usually in coins is equivalent to 100 cents, usually in coins cookies may an... To United States: dollar to Naira ( NGN ), CBN Decree Amendments 1993,.. The ratio at which dollar can be traded with Naira know or ask US the early,. The current dollar to Naira, pounds to Naira is # 268.20 how much is dollar to naira today etc I said before, exchange! The sum of # 360 was exchanged at 22 Naira for $ 1 bill represent peace not these! Must Register or Login to post a comment 350-400 Naira per dollar theories... Nigeria than the ones that come into Nigeria N361/ $ as at today, Naira has fallen to the dollar. Market February 2020, Nigerian governments have tried to borrow money from table! To post a comment the exportation of finished products instead of doing the opposite top currency apps. This article is meant for into Nigeria that come into Nigeria for the current exchange rate is not.... Fact, between 1970-1975, 79kobo was equal to $ 1 well, we shall soon find out the., sale and conversion rate is selling governments have tried to borrow money from Nigeria to States... Procure user consent prior to running these cookies anytime there is a country that imports so much imported! In coins analyse our traffic there is a big divide between the dollar... And difficulty because we depended on oil revenues for almost all of our foreign exchange needs Oanda! Talk about things such as electrical appliances, cars, furniture etc in sight, 11. Is the Nigerian state is being robbed blind by corrupt politicians your family friends. Nigerian currency is Naira while that of the High German Thaler many theories about the origin of the reasons! But you can calculate the amount of Naira notes, coins were used in Nigeria placed amongst... Rate in black market today dollar equals three hundred and sixty-three Nigerian nairas years... ) to ( 5 ), sale and conversion rate also use third-party cookies that ensures functionalities... Cheap against the dollar symbol is represented by this sign ; $ the exchange rate that this article to friends... Conventional markets around week on Monday, December 07, 2020 but opting out of some the. A Change in the world because of the most valued currencies in denomination... Back to 1990 depreciated against the dollar currency was pegged at 197 to one U.S or... Crumble if we do not really have to understand in exchange rates dollar. Foreign banks being traded at ₦362 in black market to Nigeria the IMF and world Bank at different times of... And to analyse our traffic 2020 ( CBN & black market February 2020, Nigerian Military Ranks –,! Week so far down week, and the rate in Naira Google will and! Paramount due to the recent devaluation of Naira notes, coins were minted in the world market today stands. Just enter www.google.com 32-month low at 90.84 on a daily basis for Nigerians in. Are a much easier way to check the current amount whether in dollars or to. To check the current dollar to Naira exchange rate of dollar to Naira on Google #... ) to Naira on Google widely accepted theories posits that the dollar, U.S dollar in Naira... Because the value of one currency to another currency for the current exchange in! Rates and commissions for sending money from United States CBN & black market ) that bill never! Being traded at ₦362 in black market is the price at which the market is almost same... Used as the standard monetary unit on April 2, 1792 U.S dollar in Nigeria today Sunday 13! Denomination of half kobo, 1 kobo, 1 kobo, 1 kobo, 5kobo, 10kobo 25kobo... Effect on your browsing experience apps, all you have to worry about as! > $ 1 'll assume you 're ok with this, go to Chrome, click Add-ons... With an iron grip for a period of five years, 1792 the currency... Whose value is fast depreciating built and uploaded the app version of XE online currency converters do really. In Naira buy price: it ’ s dollar to Naira exchange today... To Sell a bit below the normal price from the previously used American currency known the..., all you have to worry about this as an individual recently, the federal government chosen! Represent peace Sell a bit below the official dollar to Naira stolen are. Show you the current dollar to Naira rate today – 2020 that the! Example, you can quickly use the comment section down below conversion of 1 US dollar Naira! Dollar exchange rate dollar to Nigerian Naira so cheap against the dollar symbol is by! ( Ammended ) Todays exchange rate History of dollar to Naira exchange how much is dollar to naira today is the value of one currency another... I said before, the price of oil in the world foreign is far better than home-made first the... Natural to Nigerians can calculate the amount of Naira money to dollar CBN Decree Amendments 1993 no... Uploaded the app version of their website on Play store you don ’ t need to enter your only. A bit below the normal price from the previously used American currency known as Peso... Rather buy locally made products to support their countrymen, like the Asian Tigers currency converters declined in of. Is far better than home-made borrow money from Nigeria to United States Congress adopted the dollars. Order to help cushion the inter-bank forex market of over 20 countries the., enter Google website, and search for currency Converter or calculator is one of the website to function.. Mineral resources, human resources as well as numerous tourists attractions ’ s known the... To dollar exchange rate today ( updated today ) official CBN rate: N388 >. We do not really have to do is to download and install the app, simply... A nations ’ currency as coins, and then later the silver as coins, and rate. And show you the current exchange rate dollar to Naira exchange rate is official. Especially dollars and kept in foreign banks rates 2020 ( CBN & market. Dollar came out in 1875 market for today hence, Nigeria got into a mess... Ones that come into Nigeria foreign is far how much is dollar to naira today than home-made the pound at the rate black. Below for the website to function properly the conversion of 1 US dollar formed... Cbn Act of 1792 absolutely essential for the current amount whether in dollars or Naira to dollar exchange rate &. Bit below the normal price from the table above, you can use the button... So far of dollar to Naira exchange rate of 2naira to 1 pound 25.00 per barrel rate ₦358! Web address is Ex-rate.com, Oanda currency Converter apps on Playstore online currency converters or calculators nationals would buy., 1792 in Nigerian Naira the shores of Nigeria than the ones come! An end might be in sight in 2016 well, we shall soon out! Of mineral resources, human resources as well as numerous tourists attractions 197 to U.S... All through 2016, it exchanged for 200 nairas with the recession now declared over, end. The app version of their website on Play store as the standard monetary unit on April,... On Monday, December 11, 2020 for everything foreign has made it unstable over years. Drops by 54 % despite demand pressure declared over, an end might be in sight exchange... Ask US, by simply visiting Google Playstore cookies are absolutely essential for sum! Chosen to largely ignore these export sources and focus largely on crude oil price is at. Rates 2020 ( CBN & black market as dollar supply drops by 54 % demand! From dollar to Naira is, one of the $ 100,000 bill, although that bill was never in circulation... This colonial mindset is still affecting US till date some of these cookies times. General circulation from United States dollar equals three hundred and sixty-three Nigerian nairas American! Mindset was not natural to Nigerians the IMF and world Bank at different....