The Nigerian black market exchange rate is very unique to both the citizens of this nation and global world investors.
The black market exchange rate in Nigeria is so powerful that it directly has a forceful influence on the consumption of imported products, inflation, and other business factors.
So, how much is the United States of American Dollar exchanging today against the Nigerian Naira?
See the rate for yourself below!!!
The dollar naira black market exchange for today is: 375/ 380
So, there you have it. Kindly remember to visit our homepage for a daily update from the currrency market and other stories that may be of interest of you.
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It is important for you to know that the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million in the first trading day after the Democracy Day celebrations.
A breakdown of the intervention indicates that the retail Secondary Market Intervention Sales (SMIS) was allocated $285.7 million, while the $100 million was offered in the Wholesale SMIS auction window.
The Small and Medium Enterprises (SMEs) window got an allocation of $52 million, while the invisibles segment, comprising Basic Travel Allowance (BTA), Personal Travel Allowance (PTA), medicals and tuition fees, among others was allocated $45 million.
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