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Aboki dollar rate is unsteady for a while now as CBN clamp down on sales of international currency, selling/Buying price may vary depending on the amount of money being exchanged and bargaining power. If the exchange rate goes below the sell rate here or above the buy rate here, don’t do the exchange look for another Bureau de exchange. You can bargain higher if you are selling dollar or lower if you’re buying dollar Aboki dollar rate in Other States black market today Aboki dollar rate is unsteady for a while now as CBN clamp down on sales of international currency, selling/Buying price may vary depending on the amount of money being exchanged and bargaining power.
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Nigeria: Inflation continues downward trend in OctoberĬonsumer prices rose 1.08% in November, up from October’s 0.98% increase.Looking ahead, prospects for the currency remain grim and panelists expect it to continue losing value against the greenback amid structurally high inflation, capital outflows and the Central Bank prioritizing credit growth to stimulate economic activity.įocusEconomics Consensus Forecast panelists see the NAFEX exchange rate ending 2021 at 428 per USD, while the official interbank naira is seen ending 2021 at 413 per USD. dollars as foreign investors pulled out of the country in the wake of the global health crisis, which sent oil prices tumbling. The naira has been under pressure from rising demand for U.S. The Central Bank devalued the currency twice in 2020, and it has traded within a band of 380.0 and 381.0 NGN per USD since last July. The devaluation of the official exchange rate was likely a move to unify the currency’s multiple exchange rates. Meanwhile, the NAFEX rate used by investors and exporters traded at 410.7 per USD, weakening 0.3% month-on-month, 5.8% year-on-year and 4.7% year-to-date. On 20 May, the naira traded at NGN 412.8 per USD, weakening 7.7% month-on-month, while the currency was down 12.7% year-on-year and 7.7% year-to-date. The Nigerian naira dropped to a new record low of NGN 419.8 per USD on the official market on 14 May, following a currency devaluation.
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Nigeria - Exchange Rate Naira hits new record low on the official market