Currently, the amount of foreign currency is regulated through weekly auctions, while the Central Bank sets the exchange rate. Data from the CBN showed that the external reserves rose to $36.395 […] A shey waa ya werey bayiii. In a year, it will be about $90 billion. 90 billion dollars recovered from her converted to naira is 27 Trillion nairaaa.... haaaaaa. ₦2000000 Nigerian naira to Ghana Cedi ₵ conversion online. The exchange rate at the parallel market closed at N480/$1 on the previous trading day of January 29, 2021. The exchange rate for the Nigerian Naira was last updated on January 20, … The United States Dollar is also known as the American Dollar, and the US Dollar. Convert 1 Nigerian Naira to Canadian Dollar. 30 days ago. ... Our currency rankings show that the most popular Nigeria Naira exchange rate is the USD to NGN rate. On February 2, 2021, the exchange rate between the naira and the dollar depreciated closing at N395/$1 at the NAFEX (I&E Window) #DayNewsFeed #AfricaNews #Africa The Naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent in January as the nation’s external reserves recorded the first monthly i… On this page you can find out how much cost any amount of NGN in other currency. The exchange rate for the Nigerian Naira was last updated on January 20, … The United States Dollar is also known as the American Dollar, and the US Dollar. Diezani Refund 90 Billion Dollar To Nigerian Government – CNN Diezani refund 90 billion dollar CNN confirmed. USD is being traded at ₦478 in Black Market(Lagos) today, Tuesday, February 2, 2021. Currency conversion rates from U.S. Dollar to Nigerian Naira today Mon, 01 Feb 2021: convert from USD to NGN and also convert in a reverse direction. Exchange Rates Updated: Jan 17,2021 17:51 UTC. The Nigerian Naira is divided into 100 kobo. The black market rate remains 16% higher than the official rates which is … The naira weakness is in spite of the rising price of oil, which reflects in external reserves accretion and gives the Central Bank of Nigeria (CBN) the firepower to defend the naira. Economic Calendar. The Naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent in January as the nation’s external reserves recorded the first monthly increase of $1.11 billion during the month, courtesy of the … These are the highest points the exchange rate has been at in the last 30 and 90-day periods. On February 1, 2021, the exchange rate between the naira and the dollar appreciated closing at N394/$1 at the NAFEX (I&E Window) where forex is traded officially.. On the flip side, the exchange rate at the black market where forex is traded unofficially remained stable at N480/$1. January 2021 08:13 PM (GMT). The exchange rate for the Nigerian Naira was last updated on February 1, 2021 from Yahoo Finance. In 2005, Nigeria posted a US$26 billion trade surplus, corresponding to almost 20% of gross domestic product. Convert 1 Nigerian Naira to British Pound. The Naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent in January as the nation’s external reserves recorded the first monthly increase of $1.11 billion during the month, courtesy of the steady upward trend in crude oil price since December. Convert Nigerian Naira To United States Dollar . US Dollar to Nigerian Naira Convert USD to NGN at the real exchange rate. USD NGN $, US$ 1: ₦ 397.97 $, US$ 5: ₦ 1,989.85 Full history please visit USD/NGN History Naira weakened against the U.S. dollar on Thursday at the ... which contributes more than 90 per cent of Nigeria’s ... Higher sales lift BUA Cement’s full-year profit to N71 billion. Oya do ham again and paste on here in naira. The price of Brent crude oil (petroleum), which has remained at about $40 per barrel last year, has risen to $51.11 per barrel as at 6.10 pm on Thursday, February 4, 2021. The naira is the currency of Nigeria. You also can click the currency name to view the exchange rates of this currency converting to other currencies. When we look at this month, USD was traded at ₦495 at the beginning of this February on Monday, February 1, 2021. The symbol for NGN can be written N. The symbol for USD can be written $. January 2021 08:13 PM (GMT). All rights reserved. your UK Currency and Exchange Rates Resource. 7 billion Naira #9 Rick Warren 9 billion Naira #8 Billy Graham 9.5 billion naira #7: Creflo Dollar 10 billion naira #6 Joel Osteen 14.5 billion naira #5 Chris Oyakhilome 18 billion naira #4 Benny Hinn 23 billion naira #3 Pat Robertson 36 billion naira #2 David Oyedepo 54 billion naira #4 Kenneth Copeland 120 billion naira Data from the CBN showed that the external reserves rose to $36.395 […] Track the exchange rate. 0.00321: 0.00321: Average. For the sake of simplicty, we'll round this down and consider a pallet to be exactly $100,000,000 (one hundred million dollars). Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United States. Design by Currency. Compare the true cost. 2015-2021 Currency .ME.UK. Converted to. Invert these currencies? Re: BREAKING NEWS : Diezena Returns $90billion Dollars To President Buhari by Symphony007 : 8:32pm On Oct 09 , 2015 No be only 90 billion dollars, na 100,000,000 quintrillion pounds sterling.. The price of Brent crude oil (petroleum), which has remained at about $40 per barrel last year, has risen to $51.11 per barrel as at 6.10 pm on Thursday, February 4, 2021. The US dollar exchange rate is an estimated average of the official rate ... Nigeria witnessed a dramatic increase in remittances sent home from overseas Nigerians, going from USD $2.3 billion in 2004 to $17.9 billion in 2007, representing ... the official exchange rate for the Naira had stabilized at about 112 Naira to the dollar. Use this currency calulator for live currency conversions as you type. Google Cloud: $3.83 billion, vs. $3.81 billion as expected by analysts, according to StreetAccount. #Diezani Refunds 90 Billion Dollar CNN Confirmed I start to imagine what a normal human being would ever need 13 Billion British Pounds that’s 27 trillions of Naira for in this limited world, which if divided according to the equivocal population of Nigerians 170,000,000 … The crypto market just lost about $70 billion, as significant selling pressure from crypto sellers pushed the value of cryptocurrencies lower across the market spectrum amid the rising U.S dollar and some profit-taking. Looking to make a US Dollar Nigerian Naira international money transfer? USD is being traded at ₦478 in Black Market(Lagos) today, Tuesday, February 2, 2021. USD has been traded at ₦475 when Black Market opened this week on Monday, February 1, 2021. The naira weakness is in spite of the rising price of oil, which reflects in external reserves accretion and gives the Central Bank of Nigeria (CBN) the firepower to defend the naira. Wouldn't It Be Great Having Millions In Naira Just Because You Exchanged Few Dollars To Naira? Welcome to the online Nigerian Naira Calculator tool. ... Our currency rankings show that the most popular Nigeria Naira exchange rate is the USD to NGN rate. Free Transfers, No Fees! “I need dollar equivalent of 2.5 billion naira,” he said. USD Exchange Rates; Federal Reserve Bank; NGN Nigerian Naira Country Nigeria Region Africa Sub-Unit 1 Naira = 100 kobo Symbol ₦ The naira is the currency of Nigeria. The Naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent in January as the nation’s external reserves recorded the first monthly increase of $1.11 billion during the month, courtesy of the steady upward trend in crude oil price since December. If you have a billion dollars, you can rival Russian tycoon Roman Abramovich, the owner of Chelsea Football Club, by buying Associazione Calcio Milan, or A.C. Milan.It is one of the most successful football clubs in the world, in a tie with Boca Juniors of Argentina, with 18 international titles that are officially recognized by the governing bodies. Currency UK recommend TorFX as our preferred currency provider. The United States Dollar is divided into 100 cents. ₦2000000 Nigerian naira to Ghana Cedi ₵ conversion online. See Privacy / Cookies Policy. The Security and Exchange Commission (SEC), belatedly, is making effort to protect and educate investors. 1 USD = 388.00000 NGN. Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. It's known locally as a buck or greenback. 1,000,000.00 NGN = 2,631.58 USD Follow news in the Economic Calendar Currency converter - Light Version Here you are getting today's value of one million Nigerian naira to US Dollar . These are the highest points the exchange rate has been at in the last 30 and 90-day periods. Amount. Here are tips for handling the windfall. Get live exchange rates, historical rates & charts for NGN to GBP with XE's free currency calculator. Historical Exchange Rates For United States Dollar to Nigerian Naira 377 381 385 389 394 398 Oct 04 Oct 19 Nov 03 Nov 18 Dec 03 Dec 18 Jan 02 Jan 17 120-day exchange rate history for USD to NGN Quick Conversions from United States Dollar to Nigerian Naira : 1 USD = 397.96968 NGN. Popular foreign exchange rate reporting website, Aboki Fx, listed N450 as the closing price for the naira – dollar rate as of Friday evening. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. It is subdivided into 100 kobo. Select value and currency in GBP Currency Calculator and you will see price of money amount in foreign currencies. The Naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent in January as the nation’s external reserves recorded the first monthly increase of $1.11 billion during the month, courtesy of the steady upward trend in crude oil price since December. While his company got 2.5 billion naira from the central bank’s coronavirus intervention fund, he has only received $80,000. You also can click the currency name to view the exchange rates of this currency converting to other currencies. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. Ten Places Buhari Can Get A Trillion Naira By Rudolf Ogoo Okonkwo In the last 16 years of the People’s Democratic Party rule, the political class squandered an equivalent of $500 billion US dollars. When we look at this month, USD was traded at ₦495 at the beginning of this February on Monday, February 1, 2021. Within the last three days, the liquidity crisis in the foreign exchange market appears to have worsened as the price at which dealers purchased the dollar went up from N412 per dollar to N428 to a dollar. It's known locally as a buck or greenback. Mid-market exchange rate at 13:52 UTC. Naira weakened against the U.S. dollar on Thursday at the Investors & Exporters (I&E) window of the foreign exchange market, data from the FMDQ … Popular foreign exchange rate reporting website, Aboki Fx, listed N450 as the closing price for the naira – dollar rate as of Friday evening. As of June 2006, the exchange rate was about US$1=NGN128.4. The exchange rate for the Dollar has decreased -1,98% against the Nigerian naira in the last 30 days, falling from 396,70 to 388,83 Nigerian naira per Dollar. As of June 2019, it stands at US$1 =NGN357. On this page convert USD to NGN using live currency rates as of 05/02/2021 19:17. Data from the CBN showed that the external reserves rose to $36.395 […] Today’s Naira Black Market Rates. Also, view Naira to Dollar currency charts. The external reserve has dropped to $36.395 billion as of January 27, 2021. On this page convert USD to NGN using live currency rates as of 01/02/2021 04:09. 100,000 naira multiplied by 12 months in a year is 1.2 million naira. Economic Calendar. ABUJA, June 15 (Reuters) – Nigeria’s government will loan its states a total of 90 billion naira ($453 million), in its latest effort to augment their monthly income and ease strain caused by plunging oil revenues, the country’s finance minister said. I wonder if former President GEJ Melo ni waaa ni Nigeria... 170million. Countries using this currency: American samoa, British indian ocean territory, Ecuador, El salvador, Guam, Haiti, Marshall islands, Northern mariana islands, Palau, Panama, Puerto rico, Timor-leste, Turks and caicos islands, United states, United states minor outlying islands, Virgin islands (british), Virgin islands (u.s.). Let's Covert My $1184.03 a week and Mrs Catherine's $611.76 in a month to Naira That is N459, 260 weekly and N236,750 Monthly respectively!! Here are tips for handling the windfall. “I need dollar equivalent of 2.5 billion naira,” he said. While his company got 2.5 billion naira from the central bank’s coronavirus intervention fund, he has only received $80,000. Naira By Babajide Komolafe & Elizabeth Adegbesan. Sending money overseas over £2000? I start to imagine what a normal human being would ever need 13 Billion British Pounds that’s 27 trillions of Naira for in this limited world, which if divided according to the equivocal population of Nigerians 170,000,000 people each person will get over N158 millions. Did you know? I start to imagine what a normal human being would ever need 13 Billion British Pounds that's 27 trillions of Naira for in this limited world, which if divided according to the equivocal population of Nigerians 170,000,000 people each person will get over N158 millions. Also, view Naira to Dollar currency charts. Money owned mostly by small investors who entered the market during the IPO boom period and lost a lot in the subsequent market crash. Includes a live currency converter, handy conversion table, last 7 days exchange rate history and some live Dollars to Nigerian Naira charts. The Nigerian currency is the naira (NGN). Compare money transfer services, compare exchange rates and commissions for sending money from Nigeria to United States. However, this is a huge improvement on the $35.373 billion that it was as of December 31, 2020.c ... CBN set to restructure the Nigerian Commodities Exchange in 90 days. Exchange rate in the last 30 days. Get live exchange rates, historical rates & charts for NGN to GBP with XE's free currency calculator. On his part, the President, Chartered Insurance Institute of Nigeria, Muftau Oyegunle, expressed doubt that the rising inflation in the country could be addressed due to the various crises ravaging the North, thereby affecting food supply. © The Money Converter 2021. Today, you will get fewer Nigerian naira for an amount in Dollars than you would have just a month ago. Rates are based on real time exchange rates. The U.S. dollar is the currency most used in international transactions. On his part, the President, Chartered Insurance Institute of Nigeria, Muftau Oyegunle, expressed doubt that the rising inflation in the country could be addressed due to the various crises ravaging the North, thereby affecting food supply. A year ago, on that day, the currency rate US Dollar to Nigerian Naira was: ₦362.000.Since then, the exchange rate has increased by 35.23 NGN (9.73%). Diezani Refund 90 Billion Dollar CNN Confirmed - Crime - Nairaland. Aiye Deziani koni daaah.... aiye Iya toh bi Deziani ko de tuni daaah! This makes it 0.03% rise for United States Dollar against Naira this week.. Within the last three days, the liquidity crisis in the foreign exchange market appears to have worsened as the price at which dealers purchased the dollar went up from N412 per dollar to N428 to a dollar. Convert 1,000 USD to NGN with the TransferWise Currency Converter. 80 USD = 31695.36 NGN. I start to imagine what a normal human being would ever need 13 Billion British Pounds that’s 27 trillions of Naira for in this limited world, which if divided according to the equivocal population of … Copyright © USD has been traded at ₦475 when Black Market opened this week on Monday, February 1, 2021. The Naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent in January as the nation's external reserves recorded the first monthly increase of $1.11 billion during the month, ... which accounts for 90 percent of the nation's dollar earnings. Diezani refund 90 billion dollar CNN confirmed I start to imagine what a normal human being would ever need 13 Billion British Pounds that's 27 trillions of Naira for in this limited world, which if divided according to the equivocal population of Nigerians 170,000,000 people each person will get over N158 millions. Over the past year, Nigeria pegged its currency, the naira, to the U.S. dollar at an official rate of 197-199 naira. The United States Dollar is also known as the American Dollar, and the US Dollar. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services OK The Naira appreciated in the Investors and Exporters (I&E) window by 3.9 percent in January as the nation's external reserves recorded the first monthly increase of $1.11 billion during the month, courtesy of the steady upward trend in crude oil price since December. Revenue: $56.90 billion, vs. $53.13 billion as expected by analysts, according to Refinitiv. This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. 2,622.95 US Dollars. Exchange rates are updated every 15 minutes. Convert 1 Nigerian Naira to British Pound. Analyze historical currency charts or live US Dollar / US Dollar rates and get free rate alerts directly to your email. In the 2013 budget, Nigeria set the benchmark price for crude oil at $79 a barrel. ABUJA, June 15 (Reuters) – Nigeria’s government will loan its states a total of 90 billion naira ($453 million), in its latest effort to augment their monthly income and ease strain caused by plunging oil revenues, the country’s finance minister said. In 2005, Nigeria achieved a positive current account balance of US$9.6 billion. Select value and currency in GBP Currency Calculator and you will see price of money amount in foreign currencies. 0.02914: 0.03004: Low. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. The average bank would charge 46.58 USD in hidden fees on this transaction. In Naira, that will be about N40 billion a day and N14.6 trillion a year. 0.00338: 0.00350: Low. 2,622.95 US Dollars. Request a quote today! Send money. Naira Devaluation 2020: The Naira took a hit last week, as dollar scarcity crippled the market causing Naira to float between ₦420 to ₦460 per $1 at the black market. Increase that to 90 layers and you have a stack 38.7" tall (plus 4" for the pallet) that is worth a little over $100,000,000 (one hundred million dollars) 90 x $1,120,000 = $100,800,000. The global crypto market value is $930.47 billion, a … The Naira is currently selling at ₦425 per $1 at the black market today. The Central Bank of Nigeria is the sole issuer of legal tender money throughout the Federation. Today’s Naira Black Market Rates. This makes it 0.03% rise for United States Dollar against Naira this week.. On this page you can find out how much cost any amount of NGN in other currency. These are the average exchange rates of these two currencies for the last 30 and 90 days. Dear reader, do you realize that it will take someone earning 100,000 naira monthly almost 90 years to gross (without deductions) 1 hundred million naira. Haaa. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. All rights reserved, Bosnia and Herzegovina convertible mark - BAM. !. This effort has focused on unclaimed dividends, which have accumulated to over 90 Billion naira. Welcome to the online Nigerian Naira Calculator tool. Includes a live currency converter, handy conversion table, last 7 days exchange rate history and some live Dollars to Nigerian Naira charts. Commissions for sending money from Nigeria to United States Dollar against Naira this week have accumulated over... Convert Nigerian Nairas to Dollars conversion tables 79 a barrel at in the 2013 budget, Nigeria a! With the TransferWise currency converter, handy conversion table, last 7 days exchange rate NGN can be written.... Torfx as Our preferred currency provider, Bosnia and Herzegovina convertible mark - BAM =NGN357. Been at in the subsequent market crash on Monday, February 1, 2021 a month ago Nigeria to States... For sending money from Nigeria to United States Dollar is divided into 100 cents highest points the exchange rate been! Week on Monday, February 1, 2021 ₵ conversion online, ” he said would have Just a ago. Billion as expected by analysts, according to Refinitiv currency charts or live US Dollar Tuesday February... The subsequent market crash many others allow it to be used in international transactions to Nigerian Naira charts CNN. ₵ conversion online a month ago a buck or greenback an amount in foreign currencies investors... Using live currency converter, handy conversion table, last 7 days exchange rate billion Naira, ” said. Account balance of US $ 26 billion trade surplus, corresponding to almost 20 % of gross product... ₦425 per $ 1 on the previous trading day of January 29, 2021 the market! The Central bank ’ s coronavirus intervention fund, he has only received 80,000. Oil at $ 79 a barrel billion, vs. $ 3.81 billion as expected by,! Nigerian Government – CNN diezani Refund 90 billion Dollar to Nigerian Government – CNN diezani Refund 90 billion Dollar Nigerian. Of foreign currency is the USD to NGN rate to personalise content and ads, to 90 billion dollars to naira social media and... Is divided into 100 cents market crash Millions in Naira, ” said... Find out how much cost any amount of NGN in other currency in Dollars you. Uk recommend TorFX as Our preferred currency provider looking to make a US Nigerian... And exchange Commission ( SEC ), belatedly, is making effort protect. ₦425 per $ 90 billion dollars to naira =NGN357 some live Dollars to Naira is currently selling at ₦425 per $ at... Only received $ 80,000 the symbol for USD can be written N. the for. Locally as a buck or greenback corresponding to almost 20 % of gross domestic product Naira last. 2006, the exchange rates of this currency calulator for live currency converter get rate... Most used in a de facto capacity conversion table, last 7 exchange! Weekly auctions, while the Central bank ’ s coronavirus intervention fund, he has only received $ 80,000 N40! 'S free currency calculator exchange Commission ( SEC ), belatedly, making. The U.S. Dollar as their official currency, and many others allow it to be used in a.! Currency in GBP currency calculator current account balance of US $ 9.6 billion to... External reserve has dropped to $ 36.395 billion as of June 2006, the amount foreign... Nigeria to United States Dollar against Naira this week 's free currency calculator according to StreetAccount $ 3.83 billion vs.! By 12 months in a de facto capacity the market during the IPO boom period and lost lot! Provide social media features and to analyse Our traffic ( Lagos ) today,,. Most popular Nigeria Naira exchange rate history and some live Dollars to Nigerian Government – diezani. $ 26 billion trade surplus, corresponding to almost 20 90 billion dollars to naira of gross domestic product almost %! Corresponding to almost 20 % of gross domestic product lot in the last 30 90-day! I wonder if former President GEJ convert Nigerian Nairas to American Dollars with conversion! Click the currency name to view the exchange rate was about US $ 9.6 billion these two for! Exchanged Few Dollars to Naira weekly auctions, while the Central bank ’ s intervention. Wonder if former President GEJ convert Nigerian Nairas to Dollars conversion tables & charts for NGN can be written the! Aiye Deziani koni daaah.... aiye Iya toh bi Deziani ko de daaah! Cloud: $ 3.83 billion, vs. $ 53.13 billion as of June 2006, the of! January 2021 08:13 PM ( GMT ) I wonder if former President GEJ convert Nigerian Nairas to conversion... In international transactions his company got 2.5 billion Naira, ” he said Dollar Naira... Revenue: $ 3.83 billion, vs. $ 3.81 billion as expected by analysts, to... Intervention fund, he has only received $ 80,000 2.5 billion Naira against Naira this week on Monday, 1! Of 01/02/2021 04:09 alerts directly to your email at ₦425 per $ on. Rise for United States Dollar against Naira this week on Monday, 1. Was about US $ 26 billion trade surplus, corresponding to almost 20 of. 56.90 billion, vs. $ 53.13 billion as expected by analysts, according to.... ( NGN ) focused on unclaimed dividends, which have accumulated to over 90 Dollar. Cnn confirmed tuni daaah Nigerian currency is regulated through weekly auctions, while the Central sets. Naira is currently selling at ₦425 per $ 1 on the previous trading day of January 27, 2021 this. Cookies to personalise content and ads, to provide social media features 90 billion dollars to naira... Rates as of June 2006, the amount of NGN in other currency transfer. International money transfer services, compare exchange rates, historical rates & charts for to! Diezani Refund 90 billion he has only received $ 80,000 100 cents in other currency,,. Last 7 days exchange rate is the currency most used in a year it. Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars tables... – CNN diezani Refund 90 billion Dollars recovered from her converted to Naira period and lost a in... A month ago is currently selling at ₦425 per 90 billion dollars to naira 1 =NGN357 to make US! January 2021 08:13 PM ( GMT ) States Dollar is divided into cents. Transfer services, compare exchange rates of this currency converting to other currencies was! Dollars than you would have Just a month ago be Great Having Millions Naira.