For those of us that might be interested in the daily rate of the Naira against the Dollar , i feel it would be a good thing to have anyone with information both from the official bank rates and the black market to post the rates here .

The last rate i was told few days ago with regard to the black market was $1- 128 Naira, does anyone know today's rate , both from the official bank rates and the black market ?

See Also: Pound Euro

According to the Central bank's website, 1 US Dollar = 124 Naira
http://www.cenbank.org/Rates/rateshome.asp

IT FLUNTUATES AS FAR AS I AM CONCERNED.BUT U HAVE TO GET AQUINTED WITH CBN FOR MORE INFO.
WEN NAIRA GO PASS DOLLARS?

Ok , i am much more interested in the daily black market rates , today what i was told is that $1 for 128.5 naira and 129.5 naira goes for $1 .

the last time i checked is $1 to N128

With Naija irregular trade rates, i hear say na $1 - #125

josephalo:

the last time i checked is $1 to N128

I think i can say that for today , it hovers between $1- 128 and 128.5 naira .

lol, As of 2day nah still 128=N= - $1 ooooo,

Does anyone know what Black Market rate for the British £ is today please?

1 pound=260 naira

debojyde:

1 pound=260 naira

Thank you Sir! Na waa oh! When will we go back to the old great 70s? £1 was =N=2. God help Naija o!

femi4love:

Thank you Sir! Na waa oh! When will we go back to the old great 70s? £1 was =N=2. God help Naija o!

Lol, May be in the next yrsssssssssssss 2 come Not this yr

the gist is that naira will be settling for 120 agaisnt the dollar b/4 year end.it seems that some licenced burea operators are already buying at that price.
so if u aare running a dollar based domicilliar account,it is time to think twice.

Hi guys ,

Always check the international exchange rate inorder to know how to change and where to change in nigeria. pls follow the link below at yahoo currency.

http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=NGN&submit=Convert

thanks

So what is the rate today on the black market ? i mean dollar to naira .

its 128 = 1usd

Thanks you my brother .

what is the rate of dollar today ? anyone with info ?

Last I changed it was 126 to 1 usd

Whats the exchange rate of dollars to naira today on the black market ? i really need this info , thanks guys .

Femi4love! na wen una don kill all those bad eggs wey una dey call leaders b4 una go get $1=1

The dollar rate seems to be falling drastically. What's it at the moment?

As at yesterday it around $1 to =N=126 or so.

31th October the 1USD was exchanged for #125.5 in the Black market and #124 by the CBN. However, we would see the Dollar falling to a very low say #120. As you may have observed, the Dollar falls around this period because of too much of it in circulation. Nigerians abroad are either coming home or sending money home.

For an Investor, You can buy the dollar say 2nd week of December and wait to sale say 1st week of Febuary 2008 - then the Dollar would be in high demand. This is a sure money(only that you must make your own exit point. dont be carried away by the highs of the Dollar. )Good Luck!

Yup, buying and selling the dollar at an appropriate time can be a good money making sideline if you knwo the tricks

Nigerian currency stable

LAGOS (AFP) — The Nigerian naira traded at 121.88 to the dollar this week in the foreign exchange market, dealers said Thursday.
A total of 10 banks participated in the official market where the Central Bank of Nigeria (CBN) sold 6.5 million dollars, they said.
Against the euro and pound sterling, the naira stood at 175.65 and 251.23 respectively.
In open market trading, the Nigerian note was unchanged at 123.3 and 175.49 against the dollar and euro, while it dropped to 255 from 251.74 against the British pound.

[img]http://afp.google.com/media/ALeqM5gsEwzBSbNtPiYNFSMY4T10ormaaw?size=m[/img]
Wiew of an offshore oil and gas production platform in the Niger delta

The naira has been appreciating steadily against major foreign currencies since March last year when the country's central bank liberalised the foreign exchange market.
On October 24, the naira hit a five-year high against the dollar to close at 118.50 from 119.45 the previous day.
The last time the naira traded strongly against the dollar was in July 2002 when it exchanged for 117
Source: http://afp.google.com/article/ALeqM5hsutmonR0MBRwWHsD4l2mx1nP8jw

As at yesterday it was N118.5 to $1

$1 = n117.90k

$1=#138 today

cool

136 today