Importation was so bad that Nigeria which was one of the highest exporters of agricultural products became an importer to products such as rice, garri, cocoa and much more.
You can get Dollars at the FX market at just 411.3. When we look at this month, USD was traded at 572 at the beginning of this November on Monday. This makes it -0.32 decline for USD against Naira this week. USD has been traded at 572 when Black Market opened this week on Monday, November 15, 2021. Zenith Bank recent rate is 412.5, The Central Bank of Nigeria CBN sells dollar at 410.57 and buys At 409.57. USD is being traded at 540 in Black Market (Lagos) today, Friday, November 19, 2021. Some Bureau de Change operators who spoke to our correspondent said that the naira to the dollar was bought and sold at 575 and 580, while the Pound Sterling was bought and sold at 775 and 780. Buying 1 Euro 484.00 Naira Selling 1 Euro 483. Dollar To Naira Exchange Rate Today 19th Sept 2021 for all Banks. Naira Exchanges For N580/ At Parallel Market The naira exchanged to the dollar at 580 on Friday, while the Pound Sterling traded for 780 at the parallel market. Buying 1 Naira 0.0016 Euro Selling 1 Naira 0.0017 Euro Euro to Naira CBN Rate. Naira gained against the US dollar to close at N414.98/1, Monday 1st November 2021, representing a 0.03 appreciation compared to N415.1/1 recorded at the close of trading activities on Friday. Buying 1 Euro 630.00 Naira Selling 1 Euro 636.00 Naira Naira to Euro Black Market Rate. The love for western made products also played a significant role in fall of the Naira currency as most products were imported into Nigeria which required Dollars to purchase hence making the demand for the Dollar a scarce commodity. The exchange rate between the naira and the US dollar closed at N414.98/1, at the official Investors and Exporters window.
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