As of December 26, 2023, the exchange rate for the US dollar to Nigerian naira in the black market, also known as the parallel market, was reported as follows:InformationGuideNigeria The buying rate for the US dollar was N1210. This is the rate at which black market dealers are purchasing the US dollar.NYSC Portal The selling … Read more
Black Market Rates Dollar to Naira rate BUY 1225 DOLLAR (USD) SELL 1228 Pound to Naira rate BUY 1545 POUND (GBP) SELL 1560 Euro to Naira rate BUY 1305 EURO (EUR) SELL 1320 Canadian Dollar to Naira rate BUY 930 DOLLAR (CAD) SELL 975 South African Rand to Naira rate BUY 50 RAND (ZAR) SELL … Read more
The presidential candidate of the Labour Party in the 2023 general elections, Peter Obi, has lamented the ‘dollarisation’ of the Nigerian economy. THE VANGUARD reports.JAMB Portal Speaking during an interview with Arise TV yesterday on the state of the country, Peter Obi stated that the naira should have been devalued, adding that the use of … Read more
Dollar arbitrage, the practice of taking advantage of price discrepancies in different markets, has gained considerable attention among investors seeking profitable opportunities. Nigeria, a dynamic emerging economy, presents an intriguing landscape for dollar arbitrage due to its unique foreign exchange market conditions. In this article, we will explore some of the best dollar arbitrage opportunities … Read more
In recent years, the use of virtual cards has gained significant popularity due to their convenience and security. Nigeria, as a growing digital economy, has witnessed a surge in the demand for dollar virtual cards. These cards allow users to make online payments in foreign currencies, particularly the US dollar, for international transactions, subscriptions, and … Read more
The Central Bank of Nigeria has devalued the naira to N631 to the dollar from N461.6. The devaluation came 48 hours after President Bola Ahmed Tinubu announced the plans of the Federal Government to unify the country’s exchange rate to stimulate the economy.Information Guide Nigeria Other Top Stories: We won’t condone fuel subsidy beyond June … Read more
Nigerian naira, on Wednesday, weakened to N740 per dollar at the parallel section of the foreign exchange (FX) market.Information Guide Nigeria According to THE CABLE, this represents a figure represents a depreciation of N3 or 0.4 percent compared to the N737 it traded two weeks ago. Bureaux De Change (BDC) operators, popularly known as ‘abokis’, … Read more
Chinese yuan has weakened to ¥6.8679 against dollar.Information Guide Nigeria According to PEOPLES GAZETTE, the central parity rate of the Chinese currency renminbi, or the yuan, weakened 73 pips to ¥6.8679 against the dollar on Monday. This was disclosed by the China Foreign Exchange Trade System.JAMB Result Other Top Stories: Firm To Take 10,000 Unemployed … Read more
Ecobank is a pan-African financial institution that offers a range of financial products and services to its customers. One of these services is the Ecobank Dollar Account, which allows customers to hold and transact in US dollars. In this article, we will discuss the requirements for opening an Ecobank Dollar Account. Read Also: How To Transfer … Read more
GTBank, also known as Guaranty Trust Bank, is one of the leading financial institutions in Nigeria. It provides a wide range of financial services to its customers, including foreign exchange transfers. If you are a GTBank customer looking to transfer dollars to another account, it’s important to know the GTBank dollar transfer charges.InformationGuideNigeria GTBank FX … Read more