Naira sinks to 480 NGN to $1 at Parallel market

Dolla to Naira FX reports- the Nigerian Naira experienced continous devaluation as it was ended up traded for 480 NGN for $1. 

 The decline can be attributed to:

1. Unfavourable CBN Forex policy 

2. Intense scarcity of the Greenback

3. Traders and parents sending cash abroad to initiate a payment

4. More people are trrying to get their share of the appreciating dollar thereby converting the local currency to dollar and holding unto it to watch the market trend.

Naira Value stays unchanged at the parallel Market yesterday 06/09/2016

Naira stays unchanged in the Parallel/Black market yesterday, ending at 425 NGN/1 USD.
Economists and Traders attribute this poor prformance of the Naira at the parallel market to continous scarcity of the greenback.
We keep on watching the market today. You can see live Naira to Dollar, Pounds, Euro Market rates on our official website; Dollars to Naira FX. 

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
Read more: https://www.naij.com/958247-naira-stays-firm-dollar-checkout-new-rate-6.html

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
Read more: https://www.naij.com/958247-naira-stays-firm-dollar-checkout-new-rate-6.html

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
Read more: https://www.naij.com/958247-naira-stays-firm-dollar-checkout-new-rate-6.html

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
Read more: https://www.naij.com/958247-naira-stays-firm-dollar-checkout-new-rate-6.html

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
Read more: https://www.naij.com/958247-naira-stays-firm-dollar-checkout-new-rate-6.html

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
Read more: https://www.naij.com/958247-naira-stays-firm-dollar-checkout-new-rate-6.html

Nigeria’s currency, Naira has remained at N425/$1 in the black market today, September 6, as it was on Monday, September 5, NAIJ.com can authoritatively report. This would leave Naira’s black market value unchanged for two consecutive days after it crashed to an all-time low of last week. According to currency traders and economists, the local currency poor performance at the parallel market has been triggered by increased scarcity of the greenback.
Read more: https://www.naij.com/958247-naira-stays-firm-dollar-checkout-new-rate-6.html

Dollar to Naira closing marker rate 06/09/2016

Nigeria Naira toughen up against the dollar ends at 423 naira to 1 USD as against the early morning market rate of 425 naira to 1 USD.

Pounds to Naira Market exchange rate-lagos parallel market today

The rate of Pounds to Naira at the Lagos parallel market this morning is 

1GBP to 535 Nigerian Naira

You can see the live dollar to naira exchange rate from our official website. 

Dollar to Naira Exchange Rate Today, Lagos parallel market 06/09/2016

Dollar to Naira Market exchange rate this morning at lagos parallel market

1USD to 424 Nigerian Naira

You can see the live dollar to naira exchange rate from our official website.

EURO to Naira Market Exchange Rate

EURO to Naira This morning remains 

1EURO to 465 Nigerian Naira

This figure is based on the clossing market rate at the parallel market, as soon as market opens thus morning we are sure to update the rates again. 

so keep in touch.

You can see the live dollar to naira and other currency exchange rate from our official website.

Pounds to Naira Exchange rate Today parallel market

GBP to Naira This morning remains 

1GBP to 537Nigerian Naira

This figure is based on the clossing market rate at the parallel market, as soon as market opens thus morning we are sure to update the rates again. 

so keep in touch.

You can see the live dollar to naira exchange rate from our official website.