Dollar to Naira Exchange Rate Today Black Market and Official Rate For January 2017 | Naijalads.com.ng

Monday, January 2, 2017

Dollar to Naira Exchange Rate Today Black Market and Official Rate For January 2017

Dollar to Naira Exchange Rate Today Black Market and Official January 2017.

Bookmark this page for your daily update of how much dollar is to naira via exchange rate today black market and CBN official rate for 2017. Naira to dollar exchange rate parallel market is the same as black market exchange rate of 1 Nigeria NGN to US $ and vice versa.

Official rate and cbn rate can be used interchangeably in this context, they are the same thing. The same applies to parallel market and black market.

I won’t like to bore you with irrelevant things, so let’s go straight to the point. Which is the current official/CBN naira to dollar exchange rate today, exchange rate dollar to naira black market, factors influencing the fluctuation as well as possible solution and how it affects numerous Nigerian.

The Objective of this Article.

Due to continuous depreciation of Nigeria Naira over the past months, numerous Nigerians involved in the importation, exportation, stock and forex trading have to keep themselves updated on the latest/current foreign exchange rate not only between the Dollar and the Naira, but also Euro to Naira exchange rate today black market, Pounds to Naira exchange rate today and each Nigerian bank exchange rates.

Knowing the current/latest exchange rate gives them hedge on if & how they should proceed with a transaction that involves trading in foreign currencies. The objective of this article is to provide you with current dollar to naira exchange rate today in black market as well as cbn exchange rate dollar to naira for January 2017.

Before i proceed, one other thing most Nigerians seems to frequently asked for is what is Foreign exchange? It is simply the means of payment for international transaction.