#usd to ngn

[truetellsnigeria1]

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 6th May 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 5th May, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at…

[blackculturenews]

Nigerian Man Catches $2.6 Million Blue Marlin Fish, Shares Bounty with Village

A report from Hope for Nigeria reveals that a fisherman in Warri, Delta State, Nigeria, unwittingly consumed a significant fortune along with his village companions. Little did he realize that the fish they shared was valued at $2.6 million (USD) or N1.2 billion (NGN), representing a missed opportunity for generations to come. The prized catch, a Blue Marlin fish, is renowned as one of the…

[ejesgistnews]

Dollar to Naira Exchange Rate Today: Black Market and CBN Rates – Tuesday, November 12 , 2024 For Nigerians involved in trade, travel, or investment, keeping up with the latest Dollar to Naira exchange rates is essential. This article provides the current exchange rate for USD to NGN in both the black market and the official Central Bank of Nigeria (CBN) channels, along with insights into rate fluctuations and alternative platforms for currency exchange. Dollar to Naira Black Market Rate Today In the black market, the Dollar to Naira exchange rate often reflects real-time demand and supply, making it an essential metric for those outside formal banking channels. As of today: Buying Rate: ₦1,735 Selling Rate: ₦1,740 CBN Official Dollar to Naira Exchange Rate The official rate from the CBN is typically lower than the black market rate but is limited to certain types of transactions, such as government-approved imports and formal business operations. The official exchange rate today is: Buying Rate: ₦1,686 Selling Rate: ₦1,688 Alternative Platforms for Dollar to Naira Exchange Rates Several online platforms, including Geegpay and Grey, also offer competitive exchange rates and serve as trusted alternatives to the traditional black market: Geegpay Rates: USD: Buying at ₦1,749, Selling at ₦1,753 GBP: Buying at ₦2,120, Selling at ₦2,127 EUR: Buying at ₦1,798.03, Selling at ₦1,800.55 Grey Exchange Rates: USD: Buying at ₦1,755, Selling at ₦1,755 GBP: Buying at ₦2,102, Selling at ₦2,203 EUR: Buying at ₦1,845.03, Selling at ₦1,852 These platforms are regulated and widely used in Nigeria, providing reliable access to foreign exchange without the volatility often seen in the black market. Dollar to Naira Exchange Rate Yesterday As a reference, the black market rate on Monday, November 11, 2024, closed at: ₦1,740 per USD, slightly lower than today’s rate, reflecting a minor increase in Naira value over recent days. Historical Context: Rising Dollar to Naira Exchange Rate Over the past year, the Dollar to Naira exchange rate has experienced considerable volatility. In October 2023, the black market rate was approximately ₦900 per dollar. Since then, it has nearly doubled, driven by a combination of factors such as inflation, global oil price fluctuations, and foreign currency supply issues in Nigeria. Why Nigerians Use the Black Market for Dollar Exchange The black market, or parallel market, allows for easier access to foreign currency without government-imposed restrictions. Major reasons include: Favorable Rates: Higher exchange rates often mean more Naira for each Dollar exchanged. Accessibility: It is often simpler to access dollars in the black market than through formal banks, which may limit availability. Key Updates on Forex in Nigeria (November 12 , 2024) Here are the key updates on forex in Nigeria as of November 12, 2024: Net Forex Inflow Increase: Nigeria saw a significant increase in its net foreign exchange inflows, which surged by 49.39% to $17.18 billion in Q2 2024, compared to $11.50 billion in the previous quarter. This rise is attributed to increased inflows from autonomous sources and reduced outflows. Foreign Exchange Reserves: The Central Bank of Nigeria (CBN) reported movements in foreign reserves, reflecting the evolving forex market influenced by international trade patterns and structural economic shifts. Exchange Rate: The exchange rate between the Naira and the US dollar was ₦1678.87 per $1 as of November 11, 2024. Understanding the Difference Between Black Market and CBN Rates The black market rate generally runs higher than the CBN rate due to limited official access to dollars, which drives up demand in the parallel market. The CBN rate is regulated, targeting approved business transactions and some personal remittances. FAQs on Dollar to Naira Exchange Rates Why is there a difference between CBN and black market rates? The black market

reflects real-time demand and supply fluctuations, whereas the CBN rate is regulated to control exchange for approved uses. Can everyone use the CBN rate? No, CBN rates are primarily available for government-approved imports and transactions. Many individuals rely on the black market for convenience and access. Are Geegpay and Grey safe platforms for exchange? Yes, both platforms are well-regulated, providing secure, competitive rates for exchanging foreign currency. Will the Naira stabilize in the future? Future trends depend on economic policies, oil prices, and global market conditions, with currency stability reliant on these factors. Conclusion on Dollar to Naira Exchange Rate Today. Staying updated on the Dollar to Naira exchange rate is essential for business, travel, and investment decisions. Regularly checking black market and CBN rates, as well as online exchange platforms like Geegpay and Grey, can help you make informed decisions in Nigeria’s dynamic forex environment

[smlblogtv]

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 11th November 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 10th November, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to…

[bizforettody]

Aboki Forex

Aboki Forex is a popular platform in Nigeria that provides information on exchange rates for the Nigerian Naira (NGN) against various foreign currencies. Here’s a concise overview:

Key Features of Aboki Forex

Real-Time Exchange Rates:

Displays live rates for major currencies, including USD, EUR, GBP, and others, helping users make informed decisions.

Market Analysis:

Offers insights and analysis of currency trends, which can be beneficial for traders and businesses.

User-Friendly Interface:

Designed for easy navigation, allowing users to quickly find the exchange rates they need.

aboki forex

[touchaheartnews]

Dollar to Naira Black Market Rate for 27th August 2024

The black market exchange rate between the US dollar (USD) and Nigerian naira (NGN) for Tuesday, 27th August 2024, is now available.   Touchaheart Nigeria reports that this article includes information on the official Naira black market exchange rate in Nigeria, alongside rates from the Bureau De Change (BDC) and the Central Bank of Nigeria (CBN).   It’s important to note that the exchange rate…

[lagmennet]

Today, July 18, 2024, the Black Market Dollar (USD) to Naira (NGN) exchange rate

What is the Dollar to Naira exchange rate in the black market, commonly known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for July 17th, below. You may exchange your dollar for Naira at these prices. In the black market, how much is a dollar presently worth in naira? Today’s black market exchange rate between the dollar and the naira is as…

[support1212]

Dollar to Naira Black Market Exchange site,

Dollar to Naira Black Market Exchange site,

In Nigeria, the exchange rate between the US Dollar (USD) and the Nigerian Naira (NGN) is a topic of significant interest and impact. While official rates set by the Central Bank of Nigeria (CBN) provide a benchmark, many Nigerians and businesses rely on the black market for more competitive and accessible rates. This article delves into the dynamics of the dollar to naira black market exchange, offering insights into its functioning, current rates, and factors influencing fluctuations.

What is the Black Market Exchange? The black market exchange, also known as the parallel market, operates outside the official banking system. It is driven by supply and demand dynamics among individuals and businesses who need immediate access to foreign currency. This market often offers rates that differ significantly from the official CBN rates, reflecting a more realistic equilibrium between supply and demand.

Current Dollar to Naira Black Market Rates As of May 2024, the black market rate for exchanging dollars to naira hovers around ₦750 to ₦760 per USD, significantly higher than the official rate of approximately ₦460 to ₦470 per USD. These rates are subject to rapid changes due to various economic and political factors.

Factors Influencing Black Market Rates Demand for Foreign Currency: High demand for dollars among importers, travelers, and individuals seeking to hedge against naira depreciation drives up the black market rates.

Forex Reserves and Policies: The level of Nigeria's foreign exchange reserves and policies enacted by the CBN, such as restrictions on access to foreign currency, significantly impact the supply and availability of dollars in the market.

[robertemma27-blog]

What is the Future Trends of Next-Generation Network Market?

The next-generation network (NGN) market to grow from USD 21.86 billion in 2018 to USD 32.81 billion by 2023, at a CAGR of 7.0% from 2018 to 2023.

Cisco (US), Huawei (China), ZTE (China), Ericsson (Sweden), Nokia (Finland), Juniper Network (US), NEC Corporation (Japan), Samsung Electronics (South Korea), IBM (US), Ciena Corporation (US), Hewlett Packard Enterprise (US), AT&T (US), ADTRAN (US), TELES (Germany), KPN International (Netherlands), Infradata (Netherlands), PortaOne (Canada), TelcoBridges (Canada), CommVerge Solutions (Hong Kong), and Extreme Networks (US) are among the major players in the NGN market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=61867062

Demand for high-speed services, increase in public private partnerships for NGN developments, and low operational cost are among the driving factors for the growth of the market.

Telecom service provider to hold major share of NGN market during forecast period

Telecommunications companies are increasingly adopting NGN to meet the growing requirements for high-speed data services. The exponential growth in IP and mobile data traffic has been the major reason for the increasing adoption of NGN in the telecommunications industry. As the number of smartphone and tablet users increases day by day, demand for high-speed data services grows significantly. Also, the rising trend of Voice over Internet Protocol promotes telecommunications companies to provide services pertaining to quality as well as the quantity of data. Many companies in this industry proactively provide NGN products and services and are likely to transform traditional network to high-speed packet-based NGN.

Market for hardware to hold major share of NGN market from 2018 to 2023

The major hardware devices required for NGN include routers, switches, and gateways. To upgrade traditional network into NGN, the hardware needs to be replaced with advanced capabilities including huge data handling, compatible for software interface, and support legacy network. The growth for hardware offering is primarily attributed to the rise in data traffic in networks and increase in virtualization and technological advancement to reduce OPEX. Moreover, technological advancements and growing IoT and cloud-based services are expected to create opportunities for the NGN market.

APAC to hold major share of NGN market from 2018 to 2023

The growth is attributed to the increasing network upgrade activities in APAC and growing public–private partnerships to offer high-speed data connectivity. APAC consists of the highest number of mobile subscribers, and the number is expected to grow at a faster rate in the coming years. APAC is a diversified region with a range of countries moving toward digital transformation. The NGN market, including 4G, is at a growing stage in APAC driven by a large number of mobile subscribers and huge demand for high-speed data connectivity.

[midevibezng]

Dollar (USD) to Naira (NGN) Black Market Exchange Rate Today 01/04/2024 http://dlvr.it/T4vRVk

[truetellsnigeria1]

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 9th April 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 8th April, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira…

[ejesgistnews]

Dollar to Naira Exchange Rate Today: Black Market and CBN Rates – Monday, November 11 , 2024 For Nigerians involved in trade, travel, or investment, keeping up with the latest Dollar to Naira exchange rates is essential. This article provides the current exchange rate for USD to NGN in both the black market and the official Central Bank of Nigeria (CBN) channels, along with insights into rate fluctuations and alternative platforms for currency exchange. Dollar to Naira Black Market Rate Today In the black market, the Dollar to Naira exchange rate often reflects real-time demand and supply, making it an essential metric for those outside formal banking channels. As of today: Buying Rate: ₦1,740 Selling Rate: ₦1,745 CBN Official Dollar to Naira Exchange Rate The official rate from the CBN is typically lower than the black market rate but is limited to certain types of transactions, such as government-approved imports and formal business operations. The official exchange rate today is: Buying Rate: ₦1,665 Selling Rate: ₦1,667 Alternative Platforms for Dollar to Naira Exchange Rates Several online platforms, including Geegpay and Grey, also offer competitive exchange rates and serve as trusted alternatives to the traditional black market: Geegpay Rates: USD: Buying at ₦1,750, Selling at ₦1,755 GBP: Buying at ₦2,120, Selling at ₦2,127 EUR: Buying at ₦1,798.03, Selling at ₦1,800.55 Grey Exchange Rates: USD: Buying at ₦1,755, Selling at ₦1,755 GBP: Buying at ₦2,102, Selling at ₦2,205 EUR: Buying at ₦1,845.03, Selling at ₦1,850 These platforms are regulated and widely used in Nigeria, providing reliable access to foreign exchange without the volatility often seen in the black market. Dollar to Naira Exchange Rate Yesterday As a reference, the black market rate on Sunday, November 3, 2024, closed at: ₦1,730 per USD, slightly lower than today’s rate, reflecting a minor increase in Naira value over recent days. Historical Context: Rising Dollar to Naira Exchange Rate Over the past year, the Dollar to Naira exchange rate has experienced considerable volatility. In October 2023, the black market rate was approximately ₦900 per dollar. Since then, it has nearly doubled, driven by a combination of factors such as inflation, global oil price fluctuations, and foreign currency supply issues in Nigeria. Why Nigerians Use the Black Market for Dollar Exchange The black market, or parallel market, allows for easier access to foreign currency without government-imposed restrictions. Major reasons include: Favorable Rates: Higher exchange rates often mean more Naira for each Dollar exchanged. Accessibility: It is often simpler to access dollars in the black market than through formal banks, which may limit availability. Key Updates on Forex in Nigeria (November 11 , 2024) Here are the key updates on forex in Nigeria as of November 11, 2024:   Gross External Reserves: Nigeria’s gross external reserves have increased by $244 million, crossing the $40 billion mark1. This boost in reserves is a positive indicator of the country’s economic stability. Net Forex Inflow: In the second quarter of 2024, Nigeria saw a significant increase in net forex inflows, rising by 49.39% to $17.18 billion compared to $11.50 billion in the previous quarter2. This increase was driven by higher inflows from autonomous sources and reduced outflows. CBN Initiatives: The Central Bank of Nigeria (CBN) has implemented several initiatives to strengthen forex reserves and enhance confidence in the naira. These include policies to incentivize remittances from Nigerians abroad and measures to manage forex inflows and outflows effectively. Exchange Rates: The official exchange rate for the dollar to the naira today is available through the Central Bank of Nigeria and other financial news sources Understanding the Difference Between Black Market and CBN Rates The black market rate generally runs higher than the

CBN rate due to limited official access to dollars, which drives up demand in the parallel market. The CBN rate is regulated, targeting approved business transactions and some personal remittances. FAQs on Dollar to Naira Exchange Rates Why is there a difference between CBN and black market rates? The black market reflects real-time demand and supply fluctuations, whereas the CBN rate is regulated to control exchange for approved uses. Can everyone use the CBN rate? No, CBN rates are primarily available for government-approved imports and transactions. Many individuals rely on the black market for convenience and access. Are Geegpay and Grey safe platforms for exchange? Yes, both platforms are well-regulated, providing secure, competitive rates for exchanging foreign currency. Will the Naira stabilize in the future? Future trends depend on economic policies, oil prices, and global market conditions, with currency stability reliant on these factors. Conclusion on Dollar to Naira Exchange Rate Today. Staying updated on the Dollar to Naira exchange rate is essential for business, travel, and investment decisions. Regularly checking black market and CBN rates, as well as online exchange platforms like Geegpay and Grey, can help you make informed decisions in Nigeria’s dynamic forex environment

[smlblogtv]

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 10th November 2024

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate for 9th November, below. You can swap your dollar for Naira at these rates. How much is a dollar to naira today in the black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to…

[cointahmin]

Binance, VIP Loan ve Futures platformlarında listelenen altcoin’ler için yeni duyurular yaptı. Kıymetli bir gelişmede, içlerinde ARB ve USDC’in yer aldığı 5 altcoin, TRY süreçlerine açılıyor.Binance VIP Loan, listesini bu altcoin’ler ile genişlettiBinance’in kredi hizmeti VIP Loan, yeni krediye uygun coin’ler listesine ekleme yaptığını duyurdu. Bu platform, rekabetçi oranlar ve hizmetlerle ferdi ve kurumsal yatırımcılara çok teminatlandırılmış kredi hizmeti sunar. Kullanıcılar, uzun vadeli yatırım fonları için Binance VIP Loan kullanabilirler.19 Mayıs tarihli resmi duyuruya nazaran bu kapsama dahil olan altcoin’ler:Yeni ödünç verilebilir varlıklar: FXS, MKR, QNT, STG, MDT, OCEAN, HBAR, RIF ve CELRYeni teminat varlıkları: SUI, FLOW, LDO, OCEAN, CTSI, SNX, UNFI, STG, VET, INJ ve JOELINK kaldıraç/marj kademesi güncelleniyorBinance Futures, USD₮-M-Link/USD vadeli süreç kontratını delist ediyor ve kaldıraç/marj kademesini güncelliyor. Bu değişiklikle birlikte kullanıcılar, kelam konusu kontratla ilgili yeni düzenlemeleri dikkate almalıdır.Binance Futures, USD₮-M-Link/USD’deki tüm konumları 23 Mayıs’ta sonlandıracağını duyurdu. Daima Mukavelesinde otomatik bir takas gerçekleştirecek. Mutabakat tamamlandıktan sonra kontrat listeden çıkarılacaktır.Ayrıca Binance Futures, üstteki tabloya nazaran bugün 15:30 USDⓈ-M LINKBUSD Daima Kontratının kaldıraç ve marj katmanlarını ayarlayacak. Güncellemeden evvel açılan mevcut durumlar etkilenecektir. Rastgele bir mümkün tasfiyeden kaçınmak için ayarlamadan evvel konumun ve kaldıracın ayarlanması şiddetle tavsiye edilmektedir.Binance, bu altcoin’leri kredi kartı ile kullanıma açtıBinance, bir dizi kripto para ünitesi direkt kredi/kredi kartları ve fiat bakiyeleri kullanarak satın almayı başlattı. Bu yeni özellik sayesinde kullanıcılar, daha kolay ve süratli bir biçimde bu kripto paraları elde edebileceklerdir.Duyuruya nazaran, kullanıcılar şu anda fiat para ile ARB, ID, RDNT, TUSD ve USDC satın alabilirler. Bu fiat paralar ortasında BRL, EUR, NGN, PLN, RON, RUB, ZAR ve TRY yer alıyor.Binance VIP Loan hakkındaBinance VIP Loan, rekabetçi oranlar ve hizmetlerle kişisel ve kurumsal için kredi hizmetidir. Kullanıcılar, bilhassa kaldıraçlı alım satım ve riskten korunma stratejileri üzere maksatlarda VIP Kredisini kullanabilirler. Bununla birlikte, buradaki tüm teminat varlıkları Teminat Oranlarına tabidir. Genel olarak, daha düşük likiditeye sahip tokenler daha düşük teminat oranlarına tabidir. Teminat ölçüsüne bağlı olarak birebir token için farklı teminat oranları da geçerli olabilmektedir.Binance, Avustralya’da sorun yaşamaya devam ediyorBinance Avustralya, 18 Mayıs’ta Avustralya doları (AUD) yatırma süreçlerini askıya aldığını duyurdu. cointahmin.com olarak detaylara bu yazıda yer verdik.