Despite the efforts of the Central Bank of Nigeria (CBN), the naira weakened to 410 naira per US dollar against the United States currency on Tuesday 11th, April 2017, this was down from 405/dollar recorded on Monday.
The Nigerian Naira thereby opened today Wednesday 12th, April 2017 at an exchange rate of 1 USD to 410 NGN.
The apex bank, CBN, had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
On the official market, the naira closed at 306.10/dollar on Tuesday.
The central bank also opened a special foreign exchange window for the Small and Medium Enterprises so as to enable the SME’s to import eligible finished and semi-finished items not exceeding $20,000 for an enterprise per quarter.
Below is the up-to-date naira exchange rate in the black market today – Wednesday 12th, April 2017
Euro to Naira Black Market Exchange Rate Today — Wednesday 12th April 2017
Black Market Dollar to Naira Exchange Rate Today – Wednesday 12th April 2017
Black Market Pounds to Naira Exchange Rate Today – Wednesday 12th April 2017
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