And interestingly, Abokifix updates you on all rates starting from CBN, Western union, Moneygram rates, and parallel rates. The first coins that were introduced were the ½, 1, 5, 10, and 25 kobo coins. Abokifx Exchange Rates – Dollar to Naira Rate Today & Euro To Naira, Euro To Naira Bank Rate & Black Market Rate, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Tumblr (Opens in new window). You’ll find it easy after a second use. Of course, not. If you are looking for a genuine source to get Naira to Dollar Exchange Rate for any reason, you have landed on your one-stop destination to get the updated exchange value or rate of the Naira against the Dollar in the Black Market. When we look at the whole month, USD was traded at ₦490 at the beginning of December on Tuesday, December 01, 2020. This makes a 1.45% fall for Dollar rate against Naira this week.. Conversion from United States dollar to Nigerian naira can be done at current rates as well as at historical rates – to do this, select the desired exchange rate date. Bankwise distribution of the currency exchange rates in Nigeria . Well, you can find it on your smartphone’s respective playstore. The first notes that were introduced were the 50 Kobo, 1 Naira, 5 Naira, 10 Naira, and 20 Naira. It also shows the history chart of this currency pairs, by choosing the time period you can get more detailed information. . For people who send or receive money through this medium, the site displays the Naira (NGN) transaction rate to currencies like the Euro, Sterling Pounds (GDB) and Dollars. The Nigeria currency has been re-issued 5 times (1959, 1965, 1968, 1973, 2007). Aboki FX Live Daily Naira to Dollar Exchange Rates. This corresponds to 0.21% fall compared to previous day. The website is fast becoming the number one goto site to check the latest currency exchange rate, Abokifx Lagos black market exchange rate parallel market Aboki forex website. Many people are passionate to know about the value of Euro to Nigeria currency, in other to know how to regulate the goods and services they intend to purchase, in case of unforeseen inflation that could leads to profit maximization or loss. However, in his tweet today, the singer stated that he almost cried when he changed his dollars to naira at the rate of N500 to a dollar. It is important to know western union charge a fee for each transaction depending on the amount. , 2007, as part of the economic reforms N50, N10, N20, N5 banknotes as well as N1 and 50K coins were re-issued with new designs. This currency which was issued actually bears the portraits of three eminent Nigerians who were declared national heroes on the 1 st of October 1978. Lets actually take a look at the history of the Naira. The decision to change to the decimal currency which took place on January 1973, brought about some changes which involved both currency notes and coins. Note : Black Market is also referred to as Parallel Market, It’s more of a live update, the update takes place three times in a day, showing two (*) for the afternoon update and three (**) for the last daily market date. Most of the banknotes in Nigeria contain images of the previous political leaders which are important in Nigeria’s history. US Dollar rate is ₦475 against Naira in Black Market (Lagos) today, December 11, 2020. Live Nigerian Naira (NGN) Exchange Rates Today With Best Rate Comparison on International Money Transfers, Remittances and Travel Money. The central bank of Nigeria (CBN) gives the most accurate valuation of the Naira, at least on paper. At that time only N20 was printed on polymer, while a new N2 coin was introduced. The Apex bank governor Sanusi Lamido first disclosed this when he appeared before the House committee on banking and currency on July 29, 2009. Nigeria was formerly using the West African Currency Board notes as legal tender. Save my name, email, and website in this browser for the next time I comment. A: 50 Dollars buys 19025 Nigerian Naira at interbank exchange rates. There are discrepancies between rate on the parallel market and ATM rates. Naira would be equivalent to ten shillings, the minor unit is kobo, 100 kobo which actually makes one Naira. The Aboki app blends all that’s on the website and integrates other features to make a search yielding. Aboki forex currency exchange rate black market exchange rate in nigeria get accurate abokifx naira to usd naira weakens on the foreign exchange aboki forex currency exchange rate. The Nigerian Currency the Naira. Recently, the CBN indicated plans that are in the top gear to print denominations such as N5, N10, N50 notes on a polymer. This corresponds to 7.69% rise compared to previous day. Nigeria gained independence in the year 1960, the Naira was introduced in the year 1973, this was when Nigeria decimalized its monetary system and substituted the naira for the Nigeria pound, this was actually what the country used when it was a British colony, this currency was actually divided into shillings. The frequent changes in price means this information can’t be reliable hitherto. Dollar to naira parallel market. The AbokiFx is the most reliable outlet for currency conversion in Nigeria. CBN dollar to naira exchange rate today . The Naira was introduced in 1973 to replace the British pound as the official currency of the Naira and they were mostly coins. AbokiFX Daily dollar rate, Naira to Euro, Naira to Pounds, with live foreign exchange rate calculator on AbokiFX. Can find it easy after a second use very much appreciate any significant reduction to get an advantaged price effect. 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