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Home Business News

NIGERIA: Parallel Market Exchange Rate (Updated 21/07/2016)

Nairametrics by Nairametrics
July 21, 2016
in Business News, Currencies
NIGERIA: Parallel Market Exchange Rate (27/6/2016)

Nigeria's daily exchange rate - Nairametrics

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Nigeria’s Parallel Market Exchange rate is a daily compilation of the price of the Naira against three major currencies in the world. This tracker dates to the first day the Naira was floated.

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EFCC battles black market to boost naira, local currency gains N60 to $1 within a week

Naira falls to N700/$1 at black market

Data is collated from various black market dealers on the Mainland and Island of Lagos State where forex is sold. The price quoted daily on this page represents the average price obtained by our Research Team. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell.

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Nairametrics Team updates this page every week day provided it is a day that Nigerian Banks are open for business .

 

21/7/2016   Dollar Euro Pounds
Buy 370 390 480
Sell 377 400 485
20/7/2016   Dollar Euro Pounds
Buy 370 380 481
Sell 374 385 488
19/7/2016   Dollar Euro Pounds
Buy 364 396 475
Sell 367 402 480
18/7/2016   Dollar Euro Pounds
Buy 364 396 475
Sell 367 402 480
15/7/2016   Dollar Euro Pounds
Buy 360 392 465
Sell 365 397 470
14/7/2016   Dollar Euro Pounds
Buy 357 387 460
Sell 362 392 465
13/7/2016   Dollar Euro Pounds
Buy 355 385 460
Sell 358 390 465
12/7/2016   Dollar Euro Pounds
Buy 350 385 455
Sell 355 390 462
11/7/2016   Dollar Euro Pounds
Buy 350 384 455
Sell 354 387 462
8/7/2016   Dollar Euro Pounds
Buy 345 375 450
Sell 350 380 460
6/7/2016   Dollar Euro Pounds
Buy 348 381 468
Sell 352 387 479
5/7/2016   Dollar Euro Pounds
Buy 347 374 465
Sell 353 375 470
4/7/2016   Dollar Euro Pounds
Buy 346 381 460
Sell 350 387 470
2/7/2016   Dollar Euro Pounds
  Buy 348 380 455
Sell 352 385 468
1/7/2016   Dollar Euro Pounds
  Buy 348 380 460
Sell 353 385 468
30/6/2016   Dollar Euro Pounds
  Buy 348 380 455
Sell 350 385 465
29/6/2016   Dollar Euro Pounds
  Buy 348 380 450
Sell 353 385 465
28/6/2016   Dollar Euro Pounds
  Buy 346 380 440
Sell 350 385 445
27/6/2016   Dollar Euro Pounds
  Buy 340 370 450
Sell 346 375 460
24/6/2016   Dollar Euro Pounds
  Buy 335 375 440
Sell 338 380 460
23/6/2016   Dollar Euro Pounds
  Buy 336 360 470
Sell 342 362 480
22/6/2016   Dollar Euro Pounds
  Buy 337 370 440
Sell 344 375 445
21/6/2016   Dollar Euro Pounds
  Buy 320 355 465
Sell 325 350 470
20/6/2016   Dollar Euro Pounds
  Buy 340 370 430
Sell 345 375 455
19/6/2016   Dollar Euro Pounds
  Buy 340 380 480
Sell 350 400 490
17/6/2016   Dollar Euro Pounds
  Buy 340 380 480
Sell 350 400 490
16/6/2016   Dollar Euro Pounds
  Buy 345 395 495
Sell 355 400 505
15/6/2016   Dollar Euro Pounds
  Buy 365 405 510
Sell 370 410 515
14/6/2016   Dollar Euro Pounds
  Buy 365 402 502
Sell 368 407 510
13/6/2016   Dollar Euro Pounds
  Buy 364 408 513
Sell 369 413 518
10/6/2016   Dollar Euro Pounds
  Buy 360 415 515
Sell 366 420 520
9/6/2016   Dollar Euro Pounds
  Buy 366 406 513
Sell 371 411 518
8/6/2016   Dollar Euro Pounds
  Buy 368 400 512
Sell 372 408 517
7/6/2016   Dollar Euro Pounds
  Buy 361 394 508
Sell 357 390 500
6/6/2016   Dollar Euro Pounds
  Buy 350 390 500
Sell 355 395 510
3/6/2016   Dollar Euro Pounds
  Buy 350 389 490
Sell 355 395 495
2/6/2016   Dollar Euro Pounds
  Buy 350 388 495
Sell 345 385 490
1/6/2016   Dollar Euro Pounds
  Buy 350 387 507
Sell 345 384 502

Related

Tags: Black Market

Comments 8

  1. Anonymous says:
    July 21, 2016 at 4:54 pm

    The rate at which this is going…..$ will rise up to 400 before August. Really bad for the economy of this Country.

    Reply
  2. 247newsflash says:
    July 21, 2016 at 4:56 pm

    The price of currencies are now too high, however, with nairametrics i can easily know the daily parallel market price for all currencies and invest wisely

    Reply
  3. Segun says:
    July 21, 2016 at 5:09 pm

    Good and thorough job

    Reply
  4. Jbaby says:
    July 21, 2016 at 5:21 pm

    Absolutely enlightening thanks for article

    Reply
  5. Anonymous says:
    July 21, 2016 at 7:17 pm

    Na wa for dollar oO! It cannor even do trowback Thursday and sell for 150. It will be doing like it cannor see twitter #mcheew

    Reply
  6. Anonymous says:
    July 21, 2016 at 8:03 pm

    The rate by which the exchange is going is alarming & it has made many company to sack their works,which has increased the number of unemployment in the society. It has also increase crime like robbery, 419 etc. In fact it has imposed great danger to Nigeria economy.

    Reply
  7. nnamdi says:
    July 22, 2016 at 3:01 pm

    As a business man,I know when to Trade Daily,with details I get from the Nairametrics team

    Reply
  8. Anodebenze says:
    July 22, 2016 at 3:19 pm

    nothing is impossible in Nigeria.CAN THIS PRESENT TINKLING OF THIS FOREX USUAGE BY THE CBN BE SUSTAIN N FUTURE,I DO NOT THINK SO,i think this present govt have the skill,experiences and intellectual capacity to be creative to solve Nigerian economic problem for the present and the future.i do agree with oladipo oni that this present forex usuage is of suppiy.
    For more than40 yrs,the govt have use oil,as the sole sources of forex currencies.the naira to the dollar is reaching 500 naira,and it could top 1000 naira next year,or the naira topping 1000 naira to the pound is possible this year,so far this year the president and the vice-president have been criticizing the cbn on their policy on forex rules.we shall see next year,the naira is under pressure due to increases of economic activities since our democratic value,from govt and private sector.i.e the supply of money is increasing,the position by the cbn in the future cannot be sustained in the future,the cbn is using bank interest to control inflation and it’s not working.if WE borrow the german philosopher Mr Hengel”,historical materialism”,the economy will diversify in future to meet it’s forex demand.
    personally,i was hoping the govt will create a dollar bond within weeks,through brokers,once this supply is in the economy,the cbn can uses about 10 billion dollar to buy up the naira,which can mope-up about 1 or 2 trillion naira from Nigerian economy/ or swap naira for this forex in the financial systemTHE CBN WILL HAVE FINANCIAL WEAPON TO DRIVE NIGERIA ECONOMY THE WAY THEY CAN CHOOSES,so they can uses bank interest to achieves their desire.nigeria naira can operates within a currencies bracket# 2 naira or 2;50 naira to the dollar,so is the pound.all this could be done in 2 years.govt knows what to do,it’s not about ignorance.we do not know the economic strategy of this govt,so is the opposition PDP

    Reply

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