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Dollar To Naira: Naira Plummets Further To N710 Per Dollar

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Nigeria’s official currency, naira has crashed further in the parallel market which is also known as Black Market and traded at all-time low for N710 against the U.S. dollar on the popular exchange platform Aboki Forex.

On Wednesday the current parallel market, Black Market rate pegged at N710 to a dollar.

Dollar to Naira Today N710

The national currency, which traded for N670 against the dollar on Monday, has fallen even further by 6.7 percent in two days as of Friday afternoon, according to data from Aboki Forex.

Today’s record fall comes a year after the Central Bank of Nigeria (CBN) prohibited the sale of foreign currency to bureau de change, BDC, operators.

Dollar to Naira Today N710

1 USD To Naira Black Market Today.

Dollar to Naira official rate table.

1 USD        415.642 NGN

5 USD        2,078.21 NGN

10 USD        4,156.42 NGN

25 USD        10,391 NGN

50 USD        20,782.1 NGN

100 USD        41,564.2 NGN

500 USD        207,821 NGN

1,000 USD        415,642 NGN

5,000 USD      2,078,210 NGN

10,000 USD    4,156,420 NGN

50,000 USD    20,782,100 NGN

Dollar to Naira Today N710

This further crash in Dollars is said to be as a result of panic buying of the dollars.

Meanwhile, CBN governor on Monday warned of the implications of storing dollars.

“For those taking money from banks to buy dollars, it is illegal to do so. If the security agencies hold you, you will know the implication of that,” Mr Emefiele said at a Monetary Policy Committee (MPC) meeting in Lagos.

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