Glamtush
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

BREAKING: Relief As Naira Gains At Black Market, See New Exchange Rate

byGLAMTUSH
April 21, 2022
in Business & Brands
Naira
Share on FacebookShare on TwitterShare on Whatsapp

READ ALSO

CBN Issues Guidelines For Open Banking In Nigeria To Enhance Financial Services

Applications Open For Second Cohort Of Google For Startups Black Founders Fund For Africa

Naira has gained at the black market with a new exchange rate emerging.

Glamtush reports that the Nigerian official currency, the naira has gained against the United States dollar exchanging at N585/$1 days after a steady exchange rate of N590/$1.

A survey conducted by financial experts at the Bureau De Change (BDC) market in Lagos, Nigeria’s commercial city, on Thursday evening, April 21, 2022, showed that the naira to USD exchanged at N585/$1, gaining more than N15 after hitting dollar to naira exchange rate of N600/$1 on Easter Sunday.

 

Naira to dollar gains at Aboki black market (parallel market)

Dollar To Naira Exchange Rate

Glamtush reports that the players in the parallel market better known as the black market bought a dollar at N582 and sold for N585 on Thursday evening, April 21, 2022, after they bought at N595 and sold for N600 on Easter Sunday evening.

The exchange rate between the naira to dollar and dollar to naira on Thursday evening showed that the Nigerian official currency, the naira is still struggling to gain heavily against the United States dollar months after a steady rise which saw it gain over N25 since it fell to its lowest of N575 to a dollar on September 20, 2021

Meanwhile, Glamtush reports that this is coming months after the Central Bank of Nigeria (CBN) had on July 27, 2021, suspended foreign exchange (forex) sales to BDC operators
 and directed all those with a genuine need for forex to revert to banks. The naira lost value at a whooping N85 to the dollar in less than two months from N490/$1 to N575/$1 on September 20, 2021

Even though the dollar to naira opened at the parallel market (black market) at ₦585 per $1, Newsone reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

Disclaimer: GLAMTUSH does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

Related

READ ALSO  Black Market Dollar To Naira Exchange Rate Today 16th December 2021

Related Posts

Open Banking In Nigeria
Business & Brands

CBN Issues Guidelines For Open Banking In Nigeria To Enhance Financial Services

May 19, 2022
Applications Open For Second Cohort Of Google For Startups Black Founders Fund For Africa
Business & Brands

Applications Open For Second Cohort Of Google For Startups Black Founders Fund For Africa

May 18, 2022
Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 18 May 2022

May 18, 2022
Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 17 May 2022

May 17, 2022
Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 14 May 2022

May 14, 2022
Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 11 May 2022

May 11, 2022
Next Post
NPower Blank Dashboard

How To Solve NPower Blank Dashboard And NPower Payroll Issues

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Lace Styles
Drowned

How Five-Year-Old Pupil Drowned During Swimming Lesson In Lagos

May 19, 2022
Open Banking In Nigeria

CBN Issues Guidelines For Open Banking In Nigeria To Enhance Financial Services

May 19, 2022
Udom

2023: Make Me The Man To Bring Back Lost Glory Of Nigeria, Udom Tells Enugu Delegates

May 19, 2022
Nigerian Newspaper

Nigerian Newspaper Headlines & Naija News Today, Thursday 19th May 2022

May 19, 2022
Marwa Applauds NAOSRE

NAOSRE Re Affirms Support To Security Agencies As Police Service Commission Promotes Officers

May 19, 2022
Nsima Ekere

BREAKING: EFCC Arrests Former NDDC Boss, Nsima Ekere Over N47bn Fraud

May 18, 2022
Dei Dei Abuja

VIDEO: 5 Killed As Traders, Okada Riders Clash In Dei Dei Abuja

May 18, 2022
Okada In Lagos

Sanwo-Olu Bans Okada In Lagos, See Affected Areas

May 18, 2022
Nigerian Idol Season 7

Progress And Zadok Battle For Grand Prize Of Nigerian Idol Season 7, Know Fate On Sunday

May 18, 2022
Casino Clothing

What Is Casino Clothing: What Is Appropriate For The Occasion And What Is Not?

May 18, 2022

Glamtush is a fashion, beauty and lifestyle online magazine. We bring to you latest trends in fashion, beauty and lifestyle as well as those making the fashion world interesting and adorable.

  • About Us
  • Advertise
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship

© 2022 Glamtush