How much is Dollar to Naira in black market today April, 2018

To keep yourself current and up-to-date with the latest happenings and price movement changes with regard to the black market exchange rate of Dollars to Naira, check our live blog on Current Dollar Naira rate in Black Market

These are the Black market exchange rates of the Dollar to Nigerian Naira in each working trading day.

The dollar to naira parallel market rates stated below are updated on this page every working day from 1PM (GMT).

If you do not see the current updated rate on the main body of this post, kindly check the comment section for latest rates. Kindly be informed that the Forex Exchange market in Nigeria has been very stable. But, as 2019 elections come around, expect to see some liquidity in the market.
:
<Date: (Usd/Ngn) BUY / SELL
11/05/2018: 360/ 363
10/05/2018: 360/ 363
09/05/2018: 360/ 363
08/05/2018: 360/ 363
07/05/2018: 360/ 363
:
04/05/2018: 360/ 363
03/05/2018: 360/ 363
02/05/2018: 360/ 363
01/05/2018: 360/ 363

—————–
Black market exchange rates of Dollar to Naira for April, 2018
:
30/04/2018: 360/ 363
27/04/2018: 360/ 363
26/04/2028: 360/ 363
25/04/2018: 360/ 363
24/04/2018: 360/ 363
23/04/2018: 360/ 363

20/04/2018: 360/ 363
19/04/2018: 360/ 363
18/04/2018: 360/ 363
17/04/2018: 360/ 363
16/04/2018: 360/ 363

13/04/2018: 360/ 363
12/04/2018: 360/ 363
11/04/2018: 360/ 363
10/04/2018: 360/ 363
09/04/2018: 360/ 363

06/04/2018: 360/ 363
05/04/2018: 360/ 363
04/04/2018: 360/ 363
03/04/2018: 360/ 363
02/04/2018: 360/ 363

————————
Black market rates for March, 2018

29/03/2018: 360/ 363
28/03/2018: 360/ 363
27/03/2018: 360/ 363
26/03/2018: 360/ 363

23/03/2018: 360/ 363
22/03/2018: 360/ 363
21/03/2018: 360/ 363
20/03/2018: 360/ 363
19/03/2018: 360/ 363

16/03/2018: 360/ 363
15/03/2018: 360/ 363
14/03/2018: 360/ 363
13/03/2018: 360/ 363
12/03/2018: 358/ 360

09/03/2018: 358/ 360
08/03/2018: 358/ 360
07/03/2018: 358/ 360
06/03/2018: 358/ 360
05/03/2018: 357/ 360
02/03/2018: 357/ 362
01/03/2018: 357/ 362

Black market rates for 2017

15/06/2017: 360/ 365
14/06/2017: 360/ 365
13/06/2017: 360/ 365
12/06/2017: 360/ 365
09/06/2017: 360/ 365
08/06/2017: 360/ 365
07/06/2017: 360/ 367
06/06/2017: 362/ 367
05/06/2017: 362/ 367
02/06/2017: 360/ 365
01/06/2017: 370/ 376

31/05/2017: 375/ 380
30/05/2017: 375/ 380
26/05/2017: 375/ 380
25/05/2017: 375/ 380
24/05/2017: 372/ 379
23/05/2017: 372/ 378
22/05/2017: 370/ 375

The Nigerian naira is the currency of Nigeria.

The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation.

In 1973, the naira was replaced by the pound at a rate of 2 naira = 1 pound.

The CBN conducts bi-weekly forex sale to BDCs.

On April 13, 2017 the CBN increased dollar sale per session to $20,000 for each BDC, making it $40,000 per BDC per week.

Economic and currency experts have expressed divergent views over the outlook of the naira this year.

While some said the naira would experience further decline at the parallel market this year,

others said the volatility noticed in the exchange rate last year would not continue this year.

A currency analyst at Ecobank Nigeria,

Mr. Kunle Ezun, said the naira would continue to depreciate at the parallel market

while the CBN would keep managing the official rate around 305/dollar.

According to Mr. Bismarck Rewane,

one dollar to the naira would depreciate to N520/$ at the parallel market this year.

An economic expert, Henry Boyo, equally predicted that 1 dollar to the naira will hit 1000/dollar on the parallel market this year if the Central Bank of Nigeria fails to review its monetary policy framework.

Mr Wale Olusi says:

“If the CBN continues with its exchange rate policy thrust and the Presidency keeps fighting devaluation, the naira [to dollar exchange rate in the black market will decline] further above 500 to something near 520 this year.”

Meanwhile, the Central Bank of Nigeria (CBN) on Sunday April 2nd, 2017 reiterated its determination to sustain the provision of foreign exchange (forex) with a view to ensuring liquidity in the market

and enhance accessibility and affordability for genuine end users.

The Central Bank of Nigeria, CBN, on Monday, April 3rd, 2017 injected $90 million to meet requests by bank customers,

in its bid to sustain the supply of foreign exchange and ensure liquidity in the market.

The spokesperson of the bank, Isaac Okorafor, who confirmed the figure, said:

the fresh release is to meet invisibles such as basic and personal transport allowances, medical bills and school fees.

Invisibles are those items in the export trade that are untouchable,

like movement of money and family, including BTAs, medical bills, plant and machinery as well as finished products.



We hope you enjoyed reading the above post. Meanwhile: you can rely on us daily for the latest and relevant free weekly Pool draws, latest pool bankers for the weekend.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at agfab2013@gmail.com

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Konga Verified Blogger

4 Comments

  1. Newsbeat May 2, 2018
  2. Newsbeat May 1, 2018
  3. Newsbeat April 30, 2018
  4. Newsbeat April 18, 2018