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
Naira4Dollar Scheme
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

READ ALSO

Black Market Dollar To Naira Exchange Rate Today 31 January 2023

Transcorp Group Adds 138 MW To Its Power Generation Capacity

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.

READ ALSO  Black Market Dollar To Naira Exchange Rate Today 21st February 2022

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

Related Posts

Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 31 January 2023

January 31, 2023
Transcorp Group
Business & Brands

Transcorp Group Adds 138 MW To Its Power Generation Capacity

January 31, 2023
Abiola Bawuah
Business & Brands

JUST IN: UBA Appoints Abiola Bawuah As First Female CEO

January 30, 2023
Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 30 January 2023

January 30, 2023
Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 29 January 2023

January 29, 2023
Dollar To Naira Exchange Rate
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 27 January 2023

January 27, 2023
Next Post
NPower Blank Dashboard

How To Solve NPower Blank Dashboard And NPower Payroll Issues

E-Magazine Covers

GTCO Fashion Weekend
Lace Styles
Old Naira Notes

Banks Will Accept Old Naira Notes After Deadline – Emefiele

January 31, 2023
Emerging Artists

Check Out Emerging Artists To Watch In 2023

January 31, 2023
Chinedu Ikedieze

Moyo Lawal Excited As She Meets Actor Chinedu Ikedieze (PHOTOS & VIDEO)

January 31, 2023
Actors Guild Of Nigeria

Deyemi Okanlawon, Uche Elendu Bag Appointments With Actors Guild Of Nigeria

January 31, 2023
Nnamdi Kanu

Atiku Abubakar To Release Nnamdi Kanu If Elected President

January 31, 2023
Akwa Ibom

Atiku Will Sell Your Palm Trees, Run To Dubai – Tinubu Tells Akwa Ibom People

January 31, 2023
Tinubu

I Rescued Atiku When Obasanjo Wanted To Roast Him Like Goat – Tinubu

January 31, 2023
Dollar To Naira Exchange Rate

Black Market Dollar To Naira Exchange Rate Today 31 January 2023

January 31, 2023
Transcorp Group

Transcorp Group Adds 138 MW To Its Power Generation Capacity

January 31, 2023
Nigerian Newspaper

Top Nigerian Newspaper Reviews Today, Tuesday 31 January 2023

January 31, 2023

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