Dollar to Naira Black Market Rate Today January 2021

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Today’s Dollar to Naira Black Market Rate & Official Rate

This is the page for daily black market and official United States Dollar to Naira (NGN) exchange rates in Nigeria.

US Dollar to Nigerian Naira
Sell: ₦475  Buy: ₦470

Today’s Naira to Dollar Exchange Rate
₦ 1 = $ 0.00213

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Today’s Dollar (USD) to Naira (NGN) vs Previous Day

% Change: 0.00%

Last 30 Days High/Low

Highest: ₦ 478 on 17/12/2020
Lowest: ₦ 465 on 28/12/2020
2020 High/Low
Highest: ₦ 475 on 13/01/2021

Lowest: ₦ 470 on 07/01/2021

Lagos Dollar to Naira Black Market Daily Review

Today’s US Dollar to Naira exchange rate is ₦475 in the Lagos Parallel Market, January 13, 2021. USD began this week at ₦475 in the Lagos Black Market on Monday, January 11, 2021. This means no difference in USD rate against Naira this week.

To have a monthly quick review, we see that USD rate started January at ₦470 on Friday, January 01, 2021. With USD being traded at ₦475 now, we see a 1.06% increase for Dollar to Naira exchange rates for this January.

Today’s Dollar to Naira in Black Market Conversion Table

Dollar Naira
1 Dollar to Naira ₦ 475
5 Dollars to Naira ₦ 2,375
10 Dollars to Naira ₦ 4,750
20 Dollars to Naira ₦ 9,500
50 Dollars to Naira ₦ 23,750
100 Dollars to Naira ₦ 47,500
200 Dollars to Naira ₦ 95,000
500 Dollars to Naira ₦ 237,500
1000 Dollars to Naira ₦ 475,000
2000 Dollars to Naira ₦ 950,000
5000 Dollars to Naira ₦ 2,375,000

 

Naira to Dollar Black Market Rate

  • Sell: ₦ 1 = $ 0.00213
  • Buy: ₦ 1 = $ 0.00211
  • Previous Day Comparison
    • Change: $ 0
    • % Change: 0.00%

Today’s Naira to Dollar in Black Market Conversion Table

Naira Dollar
1 Naira to Dollar $ 0.0021
5 Nairas to Dollar $ 0.0107
10 Nairas to Dollar $ 0.0213
20 Nairas to Dollar $ 0.0426
50 Nairas to Dollar $ 0.1065
100 Nairas to Dollar $ 0.213
200 Nairas to Dollar $ 0.426
500 Nairas to Dollar $ 1.065
1000 Nairas to Dollar $ 2.13
5000 Nairas to Dollar $ 10.65

US Dollar (USD) to Naira (NGN) Overview

US Dollar, United States Dollar (USD), is the mostly traded currency with Naira in Nigeria.

  • Name: US Dollar
  • Country: United States
  • Currency Code: USD
  • Symbol: $
  • Other names: Dollar
  • Minor: 1 USD equals 100 cent.

About United States Dollar (USD)

The United States dollar (symbol: $; code: USD; also abbreviated US$ to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the Coinage Act of 1792. One dollar is divided into 100 cents (symbol: ¢), or into 1000 mills for accounting and taxation purposes (symbol: ₥). The Coinage Act of 1792 created a decimal currency by creating the dime, nickel, and penny coins, as well as the dollar, half dollar, and quarter dollar coins, all of which are still minted in 2020. Several forms of paper money were introduced by Congress over the years, the latest of which being the Federal Reserve Note that was authorized by the Federal Reserve Act of 1913. While all existing U.S. currency remains legal tender, issuance of the previous form of the currency (U.S. notes) was discontinued in January 1971. As a result, paper money that is in current circulation consists primarily of Federal Reserve Notes that are denominated in U.S. dollars.

About Nigerian Naira (NGN)

The Naira (sign: ₦; code: NGN) is the currency of Nigeria. It is subdivided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Nigerian Federation. It controls the volume of money supplied in the economy in order to ensure monetary and price stability. The Currency Operations Department of the CBN is in charge of currency management, through the designs, procurement, distribution/supply, processing, reissue and disposal/disintegration of bank notes and coins. The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of 2 naira = 1 pound. The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen Elizabeth II on the obverse. This also made Nigeria the last former British colony to abandon the £sd currency system in favour of the decimal currency system. There was a government plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ NAIRA SIGN. The name naira is simply a contraction of “Nigeria”, while the subdivision, kobo, is named by a derivation of the English “copper.”

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