BREAKING: Naira Starts February Strong At Black Market, See New Exchange Rate

Naira has began February sturdy on the black market.

Newsone reviews that the Nigerian official forex, Naira confirmed energy on the black market on Tuesday morning, February 1, 2022, gaining N10 in opposition to the British kilos to alternate charge for N745/£1 as in opposition to the N755/£1 it traded for days.

Newsone reviews that the native forex opened at ₦745 per £1 on the parallel market in any other case referred to as the black market, at this time, Tuesday, 1st February 2022, in Lagos Nigeria, after it closed at ₦755.00 on Monday, thirty first January 2022. This represents a change of N10 from yesterday.



I need to promote kilos and I need to purchase kilos: I need to change naira to kilos how a lot is it?

Newsone reviews that within the black market, the gamers purchase kilos for ₦740 and promote for ₦745 on Tuesday morning, February 1, 2022, after they purchased ₦750 and offered for ₦755 on Monday, thirty first January 2022.

This on-line information platform understands that the naira has additionally proven energy in opposition to euro on the black market, beginning February on a brighter word, exchanging at N525/per €1, gaining N20 after euro-naira exchanged at N545 per euro for days.

Newsone reviews that the native forex opened at ₦625 per €1 on the parallel market in any other case referred to as the black market, at this time, Tuesday, 1st February 2022, in Lagos Nigeria, after it closed at ₦645.00 per €1 on Monday, thirty first January 2022. This represents a change of N20 from yesterday.

I need to promote euro and I need to purchase euro: I need to change naira to euro how a lot is it?

Newsone reviews that within the black market, the gamers purchase euro for ₦620 and promote for ₦625 on Tuesday morning, February 1, 2022 , after they purchased ₦640 and offered for ₦645 on Monday, thirty first January 2022.



Although Naira has proven energy on the black market in opposition to kilos and euro, it has, nevertheless, maintained place in opposition to greenback, opening February with N570 in opposition to one greenback, the alternate charge it has traded for a number of days.

Newsone Nigeria reviews that on the black market, the gamers purchase a greenback for N565 and promote for N570 on Tuesday morning, February 1, 2022 after they purchased N565 and offered for N570 on Monday morning, January 31 , 2022.

Although the greenback to naira opened within the parallel market at ₦570 per $1 at this timeNewsone reviews that the Central Financial institution of Nigeria (CBN) doesn’t recognise the parallel market, in any other case referred to as the black market. The apex financial institution has subsequently directed anybody who requires foreign exchange to method their financial institution, insisting that the I&E window is the one recognized alternate.

BREAKING: Naira Starts February Strong At Black Market, See New Exchange Rate
CBN Governor, Godwin Emefiele.

In the meantime, Newsone Nigeria reviews that the USD began this week at ₦570 in Parallel Market also referred to as Black Market on Monday, January 31, 2022 in Lagos Nigeria, identical quantity it opened at final week Monday, January 24, 2022.

DisclaimerNEWSONE NIGERIA doesn’t set or decide foreign exchange charges. The official NAFEX charges are obtained from the web site of the FMDQOTC. Parallel market charges (black market charges) are obtained from numerous sources together with on-line media shops. The charges you purchase or promote foreign exchange could also be completely different from what’s captured on this article.



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Jay Immanuel is a passionate blogger who is keen to pass across relevant information to users in the web. He can be reached at [email protected]

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