Morning update: dollar to naira black market rate (Jan 31, 2017)

This is the opening morning trading rate of the US dollar versus the Nigerian Naira in the Lagos Black Market today, Tuesday 31, January 2017.

US dollar Exchange Rate to Nigeria Naira Exchange Rate in black market: 494/ 498

Nigeria’s naira is seen broadly stable on the parallel foreign exchange market this week as international money transfer agents sustain dollar sales to bureau de change operations.

“Confidence is gradually returning to the forex market as a
result of improved foreign exchange reserves, dollar sales by
international money transfer agents and central bank assurance it will continue to support the local currency,” one trader said.

The central bank said last week Tuesday it would continue to
provide hard currency, with priority given to manufacturing
industries that need to import raw materials and spare parts.

Visit current exchange rate of dollar to naira in black market to get the latest and current exchange rates of the dollar to naira in the Nigeria black market.

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