upon. Nigerian importers need to pay these foreign companies in their home currencies. Create a high quality product today, sell at a reasonable price and you will be surprised at how Nigerians will leave their own products and buy a foreign competitive goods, even if it is of lower quality. Because the black market prices are what people reckon with when buying and selling dollars, most Nigerians are more interested in them, and not in the CBN official rates, which are not obatinable by most Nigerians. It is about time we shunned all forms of divisive forces that set us back as a country. Reserves spent, crude sales account for up to 70 of government revenue and more than 90 of the country's export earnings. The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
In terms of trading volume, it is by far the largest market in the world, followed by the Credit.
Oanda is a leader in currency data, offering forex & CFD trading, corporate fx payments and exchange rates services for a wide range of organizations and investors.
Naira to dollar exchange rate today.
Why did Nigeria not save enough money when it was raking in huge sales at a time the price of oil was at an all-time high? So, when the devil struck and there was low demand for oil in the world market because buyers such as the United States, Russia, etc are seeking for non-oil alternative sources of energy so as to move away from environmental pollution and climate change. Perhaps the most important rate is the one found on the black market (currently 380). If we imbibe many of the above given solutions, it is only a matter of time before we increase our Dollar to Naira Exchange Rate. Also Read this Post: First Bank of Nigeria Online Banking: Step by Step Guide! To convert the naira back to the dollar, simply divide 1 by the current USD to naira rate. Dollar shortage, nigeria is suffering from a major shortage of dollars. Also read: Online Courses in Nigeria: The Ultimate List. Our over reliance on oil as a source of revenue is fast losing its worth.
Foreign exchange market - Wikipedia Online Trading & FX for Business oanda Dollar to Naira Exchange Rate Today (Black Market)