Parallel market Rate for Dollar, pounds and Euro in Nigeria – Nairametrics

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Are youl looking for the answer to a question like How Much Is Dollar To Naira Exchange Rate Black Market Today? To know the present exchange rate of dollar to naira is very paramount due to the recent devaluation of Naira. In this Post we’ll be highlighting the current value of $1 when converted to Nigerian Naira in black market and in parallel market. Also, you will see the reason why the value of Naira has been dwindling and the possibly what to make it appreciate. I will advice you to bookmark this page as it will be updated daily to ensure that you always have the correct and current exchange rate of Nigerian currency to US Dollars ($). Stay Tuned!

How Much Is Dollar To Naira Exchange Rate Black Market Today?

1 US DOLLARS ($)

=

355 NIGERIAN NAIRA(₦)

BUY

1 US DOLLARS ($)

=

390.50 NIGERIAN NAIRA

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Pound To Naira Exchange Rate Today

Cefa To Naira Exchange Rate

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REASONS FOR NAIRA TO DOLLAR DEPRECIATION

POOR INFRASTRUCTURE

The infrastructure on ground doesn’t support the production and manufacture of goods in Nigeria. Bad transportation networks and facilities, inadequate power supply coupled with an unfavourable climate to run businesses make it hard for goods to be produced in Nigeria. As a result Nigerians turn to other countries to get stuff that aren’t easily available in the country. This includes products like rice, toothpick, turkey and other goods that can be produced locally.

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How Much Is Dollar To Naira Exchange Rate Black Market Today?

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