The rates shown below reflect the naira exchange rates obtainable from the Nigerian Foreign exchange market in the Lagos black market from abokifx.com for April 18 to April 21, 2017.
21/04/2017: 378/ 385
20/04/2017: 380/ 385
19/04/2017: 390/ 400
18/04/2017: 400/ 407
Visit current exchange rate of pound and euro against the naira in black market for the latest and current exchange rates in the Nigeria black market.
Abokifx is the most trusted platform to get the accurate live
exchange rates from the LAGOS Black market or parallel market.
It is a very popular website for daily update on Nigeria’s conversion to major currency exchange rates.
Aboki Forex provides daily updated currency exchange rates of the Nigerian Naira.
If you are thinking of buying or selling things online in foreign currency like Dollar, Pound, or Euro then Abokifx.com is the best place to check for the black market or parralel exchange rates to Naira.
Meanwhile, The Central Bank of Nigeria, CBN, on Tuesday March 7th, 2017 injected another $100m into the forex market in a bid to make the greenback available and the naira appreciate.
CBN Director of Corporate Communications, Isaac Okorafor said the measure is part of the initiatives to crash dollar demand at the black market.
This way, commercial banks will have enough Forex to cater for Nigerians needing travelling allowance, medicals and tuition fees, he said.
This fresh injection by the apex bank brings the amount so far pumped into the interbank Forex market within the last two weeks to 1.14 billion dollars for both forwards and invisibles.
But, an economist, Dr Anthony Aziegbemi, described the Central Bank of Nigeria’s (CBN) latest strategy of strengthening the value of Naira by injecting excess foreign currencies into the market, as an artificial solution.
Aziegbemi said that the right way to strengthen the Naira was to invest in critical infrastructure and ensure that the manufacturing and agriculture sector got the necessary support to grow.
“Right now CBN is pumping so much Forex because it has the money. But once the money dries up, we are back to square one.
“Economics is a social science, thus contains laws that govern how economies should be run.
“If you don’t follow these laws and you do it artificially, like banning of the 41 items from getting foreign exchange, the economy won’t work as expected.
“You need to attack the foundation of the economy. You need to get the manufacturing industry up and moving. That is the only way we will have sustainable progress,’’ he said.
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