Suggested US Dollar trade rate is ₦1,688.784 according to Central Bank of Nigeria (CBN) today, November 20, 2024. Initial US Dollar rate was noted as ₦1,683.221 at the beginning of this week on Monday, November 18, 2024. This makes a 0.33% increase for Dollar rate against Naira in CBN this week.
To have a monthly quick review, USD rate suggested by CBN was ₦1,666.413 at the beginning of November on Friday, November 01, 2024. With US Dollar rate set at ₦1,688.784 now, we see a 1.34% increase for Dollar to Naira exchange rates in CBN for this November.
Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here.
| Dollar | Naira |
|---|---|
| 1 Dollar to Naira | ₦ 1,688.784 |
| 5 Dollars to Naira | ₦ 8,443.92 |
| 10 Dollars to Naira | ₦ 16,887.84 |
| 20 Dollars to Naira | ₦ 33,775.68 |
| 50 Dollars to Naira | ₦ 84,439.2 |
| 100 Dollars to Naira | ₦ 168,878.4 |
| 200 Dollars to Naira | ₦ 337,756.8 |
| 500 Dollars to Naira | ₦ 844,392 |
| 1000 Dollars to Naira | ₦ 1,688,784 |
| 2000 Dollars to Naira | ₦ 3,377,568 |
| 5000 Dollars to Naira | ₦ 8,443,920 |
Dollar to Naira CBN sell rates are used in calculating the Dollar to Naira conversion table.
| Naira | Dollar |
|---|---|
| 1 Naira to Dollar | $ 0.0006 |
| 5 Nairas to Dollar | $ 0.003 |
| 10 Nairas to Dollar | $ 0.0059 |
| 20 Nairas to Dollar | $ 0.0118 |
| 50 Nairas to Dollar | $ 0.0295 |
| 100 Nairas to Dollar | $ 0.059 |
| 200 Nairas to Dollar | $ 0.118 |
| 500 Nairas to Dollar | $ 0.295 |
| 1000 Nairas to Dollar | $ 0.59 |
| 5000 Nairas to Dollar | $ 2.95 |
Dollar to Naira CBN buy rates are used in calculating the Naira to Dollar conversion table.
Martins - 13:19 02/10/2021
How much is 124ec in naira
Fresh out of Compton - 22:15 02/03/2022
How much as the NAIRA - GB rate changed in the last 6 months on the black-market?
Maxwell - 09:54 19/01/2024
Good morning All, pls where can I change Angola Cinco Mil KWANZAS to Naira in Abuja.
Bengali - 12:06 28/01/2022
I need to pay fees in Toronto. I need good rate to buy Canadian dollars in Toronto here. About 7k to 9k dollars needed. Thanks. My whats...
Manny - 23:27 31/03/2022
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What relationship do usd have with niara , are we using dollar? Why is dollar affecting us like we are US citizens. they are enjoying we are suffering.
Well if you know anything about global trade, you'll understand that the currency you use for buy imports will always be stronger. Nigeria buys imports using Dollars and so they need to exchange naira for dollar. However, if we were to be export driven, we will ask them to buy our products using the naira, which would result in Naira becoming STRONGER due to demand for it to purchase Nigeria goods. So the solution? Build our export market. This will contribute and go a LONG way
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Can anybody explain to me why people buy USD on the black market at N575 when the official bank rate is around N410 ? I am foreigner and want just to understand the exchange dynamic in Nigeria :-)
All increase in price is about the demand and supply. The disparity between the BDCs rate and Bank rate is about the demand in the black market. Remember, 1. CBN is no longer supplying USD to the BDCs - shortage in the market that brings high demand. 2. CBN banned some (44) commodities from obtaining FX at the I&E Window - Increase in demand in the black market. 3. The Bank rate has limit - low accessibility - high demand - Though the limit can be lifted, but not in all cases.
just greed or you can say inflation (high demand) according to them,the CBN ban BDC from selling dollar
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