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Latest Dollar To Naira Exchange Rate Today Saturday 27th November 2021
Latest dollar to naira exchange rate today, 27th November 2021 can be accessed below.
On this page, JomogNews Nigeria compiles dollar to naira exchange rates daily during the week so our readers can easily have access to the rates the American dollar exchanged against the Nigerian naira each day for the week.
JomogNews Nigeria reports that the dollar to naira exchange at the official market, as well as, at the parallel market otherwise known as the black market for each day during the week will be accessed by our readers.
Below are the dollar to naira exchange rate for each of the days during the week…
Black Market Dollar To Naira Exchange Rate Today 26th November 2021
JomogNews Nigeria has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates….Read More…
Naira Further Crashes At Official Market, See New Exchange Rate
JomogNews Nigeria reports that the exchange rate between the naira and the US dollar closed at N415.07/$1, at the Investors and Exporters (I&E) window, where forex is traded officially. Naira depreciated against the US dollar on Wednesday with a 0.07% fall to close at N415.07/$1 compared to N414.8/$1 recorded on Tuesday, 23rd November 2021. Similarly, forex turnover at the official window recorded a marginal decrease of 12.9% to $243.34 million.
Meanwhile, JomogNews Nigeria gathered that the naira fell marginally at the parallel market, as it closed at N560/$1, representing a 0.18% depreciation compared to N559/$1 recorded in the previous trading session. This is according to information obtained from BDC operators in Lagos…..Read More…
Naira Falls Massively Against US Dollar, See New Exchange Rate
Naira has fallen massively against US Dollar, See New Exchange Rate below.
JomogNews Nigeria reports that the Nigerian official currency, Naira has crashed massively against dollar weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.
Naira Falls Massively At Black Market Against Dollar
Naira has fallen massively at the black market against dollar.
JomogNews Nigeria reports that the Nigerian official currency, Naira has fallen massively weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.
This online news platform understands that survey at the Bureau De Change (BDC) market in Ogba area of Lagos, Nigeria’s commercial city, on Sunday evening, November 21, 2021, showed that the Naira exchanged at N560/$1, two weeks after it exchanged for N530/$1…Read More..!
JomogNews Nigeria has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
November 22 dollar to naira official market exchange rate: $1 dollar to naira =₦413.53
How Much Is Dollar To Naira Exchange Rate Today Official Rate?
The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦413.53 per dollar on Monday, 22 November 2021, after it closed at ₦414.40 per $1 on Friday, 19 November 2021. This represents a change of 0.00%.
How much is exchange rate of Dollar to Naira in Black Market today?
The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).
Naira Crashes By 2.8% At Parallel Market, See New Exchange Rate
Naira has crashed y 2.8% at Parallel Market, See New Exchange Rate below.
JomogNews Nigeria reports that the naira, on Friday, depreciated against the dollar at the parallel section of the foreign exchange market.
Bureaux De Change (BDC) operators in Lagos told JomogNews Nigeria on Friday that the naira exchanged for N545 per dollar at the street market.
This represents N15 or 2.8 percent depreciation when compared to the N530 it traded last week.
Black Market Dollar To Naira Exchange Rate Today 21st November 2021
Black market dollar to naira exchange rate today 21st November 2021 can be accessed below.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦547 and the price can change (high or low) within hours.
JomogNews Nigeria has obtained the official dollar to naira exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.
November 21st dollar to naira official market exchange rate: $1 dollar to naira =₦413.55
Naira Falls Against Dollar At Black Market, See New Exchange Rate
JomogNews Nigeria reports that the Nigerian official currency, Naira has fallen weeks after a steady rise which saw it gaining over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.
This online news platform understands that survey at the Bureau De Change (BDC) market in Wuse Zone 4 in Abuja, Nigeria’s capital and Ogba area of Lagos, Nigeria’s commercial city, last week, showed that the Naira exchanged between N525 and N530/$1…..Read More…
Why Naira Is Gaining Against US Dollar At The Black Market
JomogNews Nigeria reports that Naira strengthened against the US dollar last week to a 2-month high of N535/$1 at the black market, thereby reducing the gap between the parallel and the official rates; an uptick that was driven by a significant drop in demand for FX at the black market…..Read More…
Naira Gains Whopping N25 At Black Market
JomogNews Nigeria reports that Naira has launched a sustained recovery at the parallel market, gaining N25 since it fell to its lowest of N575 to a dollar on September 20, 2021.…..Read More….
Dollar Recovers After Free Fall Against Naira At Black Market
JomogNews Nigeria reports that the US dollar gained on Friday evening, November 12, 2021 as the dollar closed the day at ₦540 with a gain of ₦10 at the parallel market also known as the black market after a “major fall”……Read More….
Dollar Crashes To Lowest Against Naira Since CBN Banned AbokiFx
JomogNews Nigeria reports that the US dollar crashed on Thursday, November 11, 2021 as Naira opened the day at ₦535 with a massive gain of ₦20 at the parallel market also known as the black market…..Read More…
Naira Rises Massively As Analysts Make Fresh Anticipation
Naira has risen massively as analysts anticipate devaluation at Investors Window.
Latest Dollar To Naira Exchange Rate Today, 4th November 2021
Latest Dollar To Naira Exchange Rate Today, 4th November 2021 JomogNews Nigeria reports that Nigeria’s local currency, naira, rises against the United States dollar weekend but analysts appear not to be satisfied with a relatively overpriced local currency, thus expecting further devaluation at Investors and Exporters foreign exchange rate window.
Data from the FMDQ Exchange platform showed that Naira traded at N414.30 to a dollar in the Investors and Exporters window, gaining 0.2% week on week against the previous record.
While external reserves position has expanded significantly following an inflow from foreign currency borrowings of $4 billion and about $3.5 billion inflow from special drawing rights, the naira has faced many pressures, crossing N420 briefly at investors and exporters foreign exchange window.
This week, Nigeria’s foreign currency reserves snapped its ten consecutive weeks of accretion as it closed lower by $102.20 million week on week to $41.73 billion, according to Cordros Capital in a macroeconomic note.
In the parallel market, the foreign exchange rate has worsened after the central bank decision to ban weekly dollar supply to bureau de change operators in July. However, low dollar supply has persisted despite growing prices of oil in the global market,
Dollar To Naira Exchange Rate
Naira Crashes After Gaining Against Dollar, See New Exchange Rate
Naira has weakened again days after gaining against dollar.
JomogNews Nigeria reports that Nigeria’s official currency, crashed at parallel market also known as the black market on Wednesday, November 3, 2021, after gaining “massively” last week.
Naira Gains Massively As Dollar Crashes At Black Market
Naira has gained massively with dollar crashing at black market.
JomogNews Nigeria reports that the American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by JomogNews Nigeria reporters who visited the market on Monday morning.
Dollar Starts November On Free Fall Against Naira At Black Market
The dollar has started November on a free fall against Naira at the black market.
JomogNews Nigeria reports that the American official currency, dollar crashed at the parallel market also known as the black market on Monday, November 1, trading at ₦565 per a dollar with Bureau De Change (BDC) operators buying at at ₦555 per a dollar as at 9:15 am in the Lagos market as monitored by JomogNews Nigeria reporters who visited the market on Monday morning.
That’s the latest dollar to naira exchange rate today, check back tomorrow for more. Also click on CityNews Nigeria to read other stories.
A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.
The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.
Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.
According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.
He said he subsequently took the money to the office of the then Director-General.
“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.
The witness explained that he collected the bag from his aide before entering the office.
“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”
The witness was initially a defendant in the case but later opted to testify for the prosecution.
While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.
According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.
He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.
“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.
During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.
When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”
After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.
The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.
Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.
They pleaded not guilty to the offences.
The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.
According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.
Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.
The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.
One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.
The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).
This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.
This order is specifically targeted at large-ticket obligors.
The CBN issued the directive in a circular to banks on Monday.
The latest instruction comes almost a week after the CBN asked financial institutions to stress test.
It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.
“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.
“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.
“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”
Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.
Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.
He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.
“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.
“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?
“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.
“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.
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