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Nigerian Central Bank sets new exchange rate for certain consumers
 
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Nigeria has set a new naira exchange rate for consumers with certain foreign expenses and stepped up dollar sales on the official market to narrow the spread with the black market. Analysts doubted whether the moves would draw investors back to the suffering economy. The regulator said Nigerians can now get the dollar at N360 across all commercial banks within the country. Nigeria is battling a currency crisis brought on by low oil prices. The prices have tipped its economy into a recession, hammered its dollar reserves and created chronic dollar shortages, frustrating businesses and individuals. The central bank, opposed to a free naira float, has been selling the U.S. currency on the official currency market to try to narrow the spread with the black market rate, which was at 390 last week, albeit down from 520 to the dollar a month ago.
Views: 1633 CGTN Africa
Dollar to Naira black market rate for February, 2018
 
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How much is dollar to naira in Nigeria black market today Feb 25, 2016
 
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This video gives the current exchange rate of the dollar to naira, the pounds to naira, and euro to naira, in Nigeria parallel or black market.
Views: 11292 Newsbeat pool banker
How much is Dollar, Pounds, Euro and Naira in black market for Jan 26, 2016
 
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This video gives the foreign exchange rate between the pounds and naira in the black market in Nigeria. it also gives the exchange rates of pounds, euros against the naira.
Views: 7221 Newsbeat pool banker
nigerian currency
 
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Views: 7106 Corona Schools
USD Explorer - Dollar exchange rates to India, Mexico, Philippines, Pakistan, Bangladesh, Nigeria
 
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http://www.usdexplorer.com/ USD Explorer brings you the best comparison of all the Remittance Service Providers for your country. You get more and quick information with our friendly remittance chart which gives you a faster comparison between the Transfer Fee, Transfer Rate and the time taken for Transfer. Remitly, Ria Money Transfer, TransferWise, Transfast, Small World FS, Xoom are some of the best Remittance service providers that we support. Come, have a visit and happy sending money. We also support sending money to countries like India, Pakistan, Bangladesh, Canada, Mexico, Malaysia, Philippines, Argentina, Chine and United Kingdom. http://www.usdexplorer.com/
Views: 2824 USD Explorer
Nigerian currency trading at 440 to the U.S. dollar
 
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The Nigerian Naira traded much lower on Monday in the unofficial black market at 440 to the green back. This comes as dollar shortages persist in the economy. Despite removing the peg and floating its currency in July, forex shortages continue to be a serious challenge. Deji Badmus looks at what is driving the rapid depreciation of the naira
Views: 1067 CGTN Africa
Nigerian government scraps fixed exchange rate in favor of floating rate
 
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Nigeria's Naira slumped 23 percent against the dollar on Monday after the central bank removed its currency peg to pursue a more liberal currency policy. The move was meant to put an end to chronic foreign currency shortages that have choked growth in Africa's biggest economy.
Views: 1215 CGTN Africa
Naira To Dollar
 
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Views: 591 Dollar Naira
Nigeria's Black Market Money-Changers
 
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► Subscribe to BattaBox on YouTube: http://goo.gl/4dgy2r (Nigeria Forex) The best place to change money in Lagos is not the Forex Bureau or the bank - but the street corner with the Mallams where you can haggle for the best black-market rate and any currency: "I change all currency - I change Dollar, Pounds, Euro, Chinese currency, Dubai currency, all sorts of currency worldwide," says Mr Balai. Watch our report on Nigeria's best place to change money: (Nigeria Forex) Nigeria's Black-Market Money-Changers - how to change money in Nigeria: Officially, Nigerians are supposed to go to the bank to change foreign currency - especially due to the fear of scams and thieves taking your money. However, the 'black market' money-changers are to be found in most districts of Lagos, for example, at Allen Roundabout or along King's Way in Ikoyi. The reason, says the Mallams of our black-market Nigeria Forex, is simple: "If you buy at a bank, they will buy at a low price - but we buy higher and that is why people come to us," says Balai. "If you get $200 or $20, you no go go bank, you go come change am quick get your money," says Alhaji Yaya. "If you go to the bank you go waste time like 30 mins or 20 mins, here highest 5 mins or 1 minute you don go." Although most of the money changers are not educated from school, but when it comes to exchange rates, they are highly literate. But how do they keep up with the fast changing international rates of the global currencies such as the dollar..? "The prices comes from the CBN, the first thing in the morning is to know the prices before you start your transactions." explains Mr Balai. December is the busiest time as many Nigerians return from aboard - especially the US and UK - and bring with them plenty of foreign currency. Trust is an essential part of the transaction - any good money-changer will encourage you to count your money before you leave. But still problems remain, as Mr Balai explains: "Sometimes people come with fake money and sometimes you might not know until later after they've gone," he says. "But the honest people will come back." **** CLICK HERE TO SUBSCRIBE FOR NEW BATTABOX VIDEOS EVERYDAY: http://goo.gl/vJfFY ... YouTube: http://www.youtube.com/user/BattaBox ... Website: http://BattaBox.com ... Google+: http://www.google.com/+BattaBox ... Twitter: http://twitter.com/BattaBoxNigeria ... Facebook: http://www.facebook.com/BattaBox **** BattaBox is Nigeria's most exciting Nigeria News & Entertainment channel based in Lagos! We are the fact behind Nigerian Movies fiction, a few stories on Nigeria Forex, Nollywood in real-life and much more! **** Thank you for supporting BattaBox by clicking "Subscribe" and sharing the video with your friends with the buttons below! -- #BattaBox #BattaBoxNG #Nigeria #NigerianComedy #NigerianMusic #NigeriaFashion #NigerianNews #HowTo #Shocking
Views: 25364 BattaBox
How much is dollar to naira in Nigeria black market today March 4, 2016
 
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This video gives a summary of the current exchange rate in the Nigeria black market for today
Views: 4762 Newsbeat pool banker
Emergence of the Nigerian Currency (Naira) in 100words
 
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The naira was introduced on 1 January 1973, replacing the pound at a rate of 2 naira = 1 pound. This made Nigeria the last country to abandon the £sd currency system. There was a plan to redenominate the naira at 1 new naira = 100 old naira in 2008, but the plan has been suspended. The currency sign is ₦ naira sign. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federation. It controls the volume of money supply in the economy in order to ensure monetary and price stability.
Views: 10054 Hanging-Out-With Libby
10 Strongest Currency in Africa in 2017
 
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Most Valuable Strongest Currency In Africa 2017 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Subscribe to our YouTube channel : https://goo.gl/oHL7nB ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Description: Top 10 Highest Currency in Africa in 2017 Have you ever wondered what is the highest currency in Africa , you know the Strongest most valuable currency in Africa, those particular currency notes that gives you the more buying power in other countries. Well NaijaQuest has got your back on that , with the right answers. We would place the highest currency in Africa against the most used currency in the world { Dollars $ } and that of the most populouse country in Africa { Naira # } to know how they compare to the Naira and dollar. This article would centre on. 1. LIBYAN DINAR LYD Libya is known for it vast deposit of crude oil. Aside this, I guess you must have heard of their former ruler Gaddafi. But did you know that the currency of Libya, the Libyan Dinar is the strongest currency in Africa ? Yes, it is. One (1) Libyan Dinar is equals to NGN 223. When compared with the dollar, one dollar is equivalent to 1.4116 Libyan dinars. 2. TUNISIA DINAR TND The Tunisian Dinar comes in after the Libyan Dinar as the second most valuable currency in Africa. When compared to the Nigerian Naira, you will get NGN138 exchanged for one Tunisian Dinar. The exchange rate of this currency to the dollar, 1 US dollar is equivalent to 2.2814 Tunisian dinars. 3. GHANAIAN CEDIS GHS West African country, one of the closest neighbor to Nigeria. Ghana, with a growing and well managed economy, This has earned them third spot with the Ghanaian cedis has the their highest currency in Africa . Also, many years back, their situation could not even be compared to what is obtainable in Nigeria but as we have it today, some would even argue that they are better developed. One Ghanaian Cedis is equal to 79 Naira. Comparing it with the dollar, the currency is strong, it is approximately 4 Ghanaian cedis that’s one U.S dollar. 4. SUDANESE POUNDS SDG The Sudanese Pounds is the currency of Sudan, it is one of the highest currency in Africa. 6.4 Sudanese pounds is equal to one United States dollar. To the Nigerian Naira, a Sudanese pound equals 48 Naira. 5. MOROCCAN DIRHAM MAD This is one of the strongest currencies in Africa, one Moroccan Dirham equals 31 Naira. Also, 9.9 Moroccan Dirham is exchanged for one dollar. 6. BOTSWANA PULA BWP A Botswana Pula is worth NGN29. It is the currency of Botswana and have for sometimes now been a strong currency on the continent. 10.8 Botswana Pula is exchanged for one dollar. 7. SOUTH AFRICAN RAND ZAR The South African Rand is the currency of South Africa. This should have been up the ladder but the currency is gradually losing it value. Currently, one South African Rand is 22 Naira. Against the dollar, 14 South African Rand equals one dollars. 8. EGYPTIAN POUNDS EGP The Egyptian pounds is worth 20.29 Naira. It exchange rate to the United States dollar is 15.4 Egyptian pounds to 1 USD. 9. ERITREAN NAKFA ERN The Eritrean Nakfa is the currency of Eritrea, an island country of Africa. Former Edo State Governor Adams Oshiomhole’s wife is from here. Their currency is one of the currency that beats the Naira. The currency is worth 20.27 Naira. The exchange rate of this currency to the dollar is 15.5 Eritrean Nakfa equals one USD. 10. ZAMBIAN KWACHA ZMW Zambian Kwacha, currency of Zambia is also one of the highest currency in Africa . It is worth 0.059 Naira. Ironically, the 1 USD = 9.84 Zambian kwacha. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Our Social Media: ► Facebook: https://goo.gl/e6VnIE ► Twitter: https://goo.gl/7tT156 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► For more videos and articles visit: https://www.youtube.com/user/MKROXTON/videos ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Music Used in This Video: ►https://www.youtube.com/channel/UCht8qITGkBvXKsR1Byln-wA ►https://www.youtube.com/user/NoCopyrightSounds https://www.youtube.com/channel/UCsFyT4-A90rCWgcsVL_ICXQ ►Music: Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/b ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ► For copyright matters relating to our channel please contact us directly at :[email protected] ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Thanking all of the visitors for the likes,comments and shares for this video . Hirwa10™ Thanks for watching! ❤
Views: 15346 Hirwa 10
Expert - Nigeria's Forex At N395 per $1 By 2019
 
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Experts say by 2019 the Nigeria's foreign exchange rate would drop to N395 to the dollar, from its current N365 value.
Views: 13 Plus TV Africa
Price of Dollar to Naira in Nigeria Black Market
 
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This video gives the black market rates of the three major world currencies against the Naira.
Views: 1440 Newsbeat pool banker
Can 1 Naira ever become 1 US dollar again on the Forex market?
 
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One of the reasons Nigerians are lamenting about the state of the nation is that the forex is very expensive these days. Our correspondent therefore took to the streets of Lagos to ask Nigerians if they think 1 Naira can ever equal 1 Dollar again. What's your take? #naijcomtv #naijacomtv #naijtv #nigerianews #
Views: 37433 Naij.com TV
CBN Lowers Dollar Exchange Rate For BDCs Pt.3 |News@10| 04/06/18
 
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For more information log on to http://www.channelstv.com
Views: 1735 Channels Television
OIL'S IMPACT ON CURRENCY REGIMES
 
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https://cnb.com/global-perspectives This week crude oil fell to a four-year low, and while this is helping global growth in the foreign exchange market, it is shaking up the oil-exporting nations’ fixed exchange-rate regimes. In countries such as Saudi Arabia, Nigeria, Venezuela, and Russia, oil and gas accounts for 50% to 85% of exports. These countries have a quasi-pegged exchange-rate regime because they don’t want falling commodity prices to result in lost export revenues because of exchange rate fluctuations. But with the U.S. dollar rising as rapidly as it is right now, these countries are under increasing pressure to devalue their currencies. If they don’t, their central banks will have to keep on using up their foreign exchange reserves to sell U.S. dollars and buy up their own currencies as a defensive move. The Russian central bank was the first to throw in the towel this week, ending its system to peg the ruble to the U.S. dollar and euro. This is because the central bank has spent over $55 billion from its reserves to shore up its currency, only for the ruble to lose 40% of its value since July. The central bank still has sufficient reserves but there was no point in throwing more money at the problem with so little to show for it. Nigeria’s foreign exchange reserves also hit a four-month low this week, as its central bank worked to defend its currency, the naira. Nigeria has a tighter fixed-rate regime, but even so, the naira has fallen by about 6% since July and the market has already priced in a 17% devaluation of this currency after Nigeria’s presidential election in February. Saudi Arabia, by far the largest oil exporter in the world, has had its riyal firmly pegged at 3.75 to the dollar since the 1980s. Even this rock-solid rate has recently been challenged by the market. My View: Fixed exchange rates should reflect long-term equilibrium levels if they are to remain stable. The fact that these oil-exporting nations are struggling to maintain their peg suggests that oil prices may remain low for a longer period. But it also means that in today’s world, one country’s central bank can no longer handle the huge amount of capital flows if their currency is too overvalued.
Views: 791 City National Bank
Nigerians expect official rate to follow as Naira weakens against dollar
 
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Nigerian currency, Naira, has lost a third of its value on unofficial "parallel markets" since last month. Even though the Naira is plunging on the street, as a result of the collapse of global prices for oil exports, the official exchange rate is yet to budge. "With the exchange rates, with the economy so far now, it's not really helping us because the exchange has really gone high and with the goods we have now people are not really responding," said Chioma Oluwaseun, a wholesaler. Commer… READ MORE : http://www.africanews.com/2016/01/25/nigerians-expect-official-rate-to-follow-as-naira-weakens-against-dollar Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 189 africanews
Us dollar exchange rate today|13 August 2018|news tech tv
 
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us dollar exchange rate today,
Views: 197 News Tech Tv
Nigeria's currency falls to N350 per dollar in parallel market
 
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Earlier this week, Nigeria's Central Bank said it would set up a more "flexible" exchange rate policy, but so far the details of how it will be implemented, are not clear. On Thursday, the Central Bank told currency traders to submit bids for dollars at the current, fixed rate of 197 Naira to the Dollar.
Views: 1195 CGTN Africa
Nigeria's Central Bank asked to unify the multiple exchange rates
 
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Exchange bureaus in Nigeria have asked the central bank to step up efforts to unify the country's multiple exchange rates to sustain gains in the local currency. Africa's biggest economy has at least six exchange rates. These include one for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed exchange bureaus, and a rate for foreign travel and school fees, in addition to the official and black market rates. Nigeria is battling a currency crisis brought on by low oil prices which tipped its economy into recession and created chronic dollar shortages. It wants to attract foreign investors and strengthen its currency to ward off inflation. The central bank has been intervening on the official market in the last few weeks to try to narrow the spread between rates on the official market and black market. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 587 CGTN Africa
DOLLAR WAHALA 1
 
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Funny comic clip on the high exchange rate between Nigeria's Naira and the US Dollars and the consequent rise in price of goods and services. Enjoy!
Views: 107 CENT MEDIA
Nigeria Multiple Exchange Rates: Government struggles to harmonize forex rates
 
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Nigeria's Central Bank is facing the difficult task of harmonising the multiple foreign exchange rates in the country, some of which it ironically created. There are at least six exchange rates for various market segments in the country and the apex bank has been opening more windows in an attempt to bridge the gap between the official rate and that of the black market. CGTN's Deji Badmus explains the situation. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 201 CGTN Africa
Residents And Traders Express Concern Over Increase In Exchange Rate Of Dollar To Naira
 
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Against the backdrop of the increase in the exchange rate of the dollar to naira, some residents and traders in Benin City have expressed concern over the multiplier effect on some food items.
Nigeria's currency drops to 400 per dollar in the black market
 
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Nigeria's naira nosedived to 400 to the dollar on the black market on the 5th of August. That's the lowest level seen in any currency market since the Central Bank floated the Naira, in late June. On the official interbank market, the naira ended trading at 316 to the dollar, with trades worth 12.63 million dollars concluded. The naira has fallen steadily on the black market this week after opening at 381 on Monday. Traders say dollar demand has been high from individuals travelling abroad for their summer holidays. Dollar liquidity remains thin despite the Central Bank hiking interest rates last week and mopping up the naira to shore up debt yields.
Views: 799 CGTN Africa
Nigeria weakens currency further, yet to attract investors
 
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Nigeria has weakened its currency, the naira for investors but it may still struggle to attract dollars. Analysts say that the country must scrap its system of multiple exchange rates to reap from devaluation. Nigeria's Central Bank said on Monday it would allow investors to trade the naira at rates determined by the market in a move intended to improve the supply of dollars. But, it seems that only introduced yet another exchange rate. Nigeria already had five rates: the official rate, the black market rate, a rate for Muslim pilgrims going to Saudi Arabia, a retail rate set by licensed exchange bureaus and a rate for foreign school fees. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 239 CGTN Africa
Gap between official and black market exchange rate widens in Nigeria
 
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The Nigerian Naira seems to have so far defied all intervention moves from the country's monetary authorities as it continues on a decline especially in the unofficial parallel market. The gap between the official rate and the parallel market rate is at its widest ever. Many have called for the closure of the parallel market while others say another round of devaluation of the naira will do the trick. CGTN's Deji Badmus has been looking at the arguments.
Views: 491 CGTN Africa
10 HIGHEST CURRENCY IN AFRICA 2018 {MOST VALUABLE STRONGEST CURRENCY IN AFRICA 2018}
 
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10 Highest Currency in Africa in 2018 {Most Valuable Strongest Currency in Africa 2018} ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👉Subscribe to our YouTube channel: https://goo.gl/oHL7nB ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Have you ever wondered what is the highest currency in Africa, you know the Strongest most valuable currency in Africa, those particular currency notes that give you the more buying power in other countries. Well, Hirwa10 has your back on that, with the right answers. We would place the highest currency in Africa against the most used currency in the world {Dollars $} to know how they compare to the dollar. Highest currency in Africa / strongest currency in Africa Top 10 Highest Currency in Africa in 2018 {Most Valuable Strongest Currency in Africa 2018} LIBYAN DINAR LYD TUNISIA DINAR TND GHANAIAN CEDIS GHS Sudanese POUNDS SDG MOROCCAN DIRHAM MAD BOTSWANA PULA BWP SOUTH AFRICAN RAND ZAR EGYPTIAN POUNDS EGP ERITREAN NAKFA ERN ZAMBIAN KWACHA ZMW Details on Each Currency 1. LIBYAN DINAR LYD 1 USD To 1.36 LYD Libya is known for its vast deposit of crude oil. Aside from this, I guess you must have heard of their former ruler Gaddafi. However, did you know that the currency of Libya, the Libyan Dinar is the strongest currency in Africa? Yes, it is. When compared with the dollar, one dollar is equivalent to 1.36 Libyan dinars. 2. TUNISIA DINAR TND 1 USD To 2.45 TND Tunisia Dinar The Tunisian Dinar comes in after the Libyan Dinar as the second most valuable currency in Africa. The exchange rate of this currency to the dollar, 1 US dollar is equivalent to 2.45 Tunisian dinars. 3. GHANAIAN CEDIS GHS 1 USD To 4.55 GHS The West African country, one of the closest neighbor to Nigeria. Ghana, with a growing and well-managed economy, this has earned them the third spot with the Ghanaian cedis has their highest currency in Africa. In addition, many years back, their situation could not even be compared to what is obtainable in Nigeria but as we have it today, some would even argue that they are better developed. Comparing it with the dollar, the currency is strong, it is approximately 4.55 Ghanaian cedis that’s one U.S dollar. 4. Sudanese POUNDS SDG 1 USD To 7.01 SDG Sudanese Pounds The Sudanese Pounds is the currency of Sudan; it is one of the highest currency in Africa. 7.01 Sudanese pounds is equal to one United States dollar. 5. MOROCCAN DIRHAM MAD 1 USD to 9.33 MAD Morocco Dirham This is one of the strongest currencies in Africa, 9.33 Moroccan Dirham is exchanged for one dollar. 6. BOTSWANA PULA BWP 1 USD to 9.88 BWP A Botswana Pula It is the currency of Botswana and has for some time now been a strong currency on the continent. 9.88 Botswana Pula is exchanged for one dollar. 7. SOUTH AFRICAN RAND ZAR 1 USD To 12.39 ZAR The South African Rand is the currency of South Africa. This should have been up to the ladder but the currency is gradually losing it value. Against the dollar, 12.39 South African Rand equals one dollar. 8. EGYPTIAN POUNDS EGP 1 USD To 17.71 EGP Its exchange rate to the United States dollar is 17.71 Egyptian pounds to 1 USD. 9. ERITREAN NAKFA ERN 1 USD To 15.10 ERN The Eritrean Nakfa is the currency of Eritrea, an island country of Africa. Former Edo State Governor Adams Oshiomhole's wife is from here. The exchange rate of this currency to the dollar is 15.10 Eritrean Nakfa equals one USD. 10. ZAMBIAN KWACHA ZMW 1 USD To 9.75 ZMW Zambian Kwacha, a currency of Zambia is also one of the highest currency in Africa. Ironically, the 1 USD = 9.75 Zambian kwacha. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⚠️Our Social Media: ► Facebook: https://goo.gl/e6VnIE ► Twitter: https://goo.gl/7tT156 ► patreon: https://goo.gl/FfHYN3 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⬇Music Used in This Video: ►https://goo.gl/TIXONx ►https://goo.gl/tQ2HCf ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⛔ Not all of these images, music & video clips were created/owned by us. This video is purely fan-made, if you (owners) want to remove this video, please CONTACT US DIRECTLY before doing anything. We will respectfully remove it. E-mail: [email protected] No drama at all. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⬇For Ads Placement & Sponsorship, email us: [email protected] Hirwa10™ Thanks for watching! ❤
Views: 2130 Hirwa 10
Nigerian Economy and Exchange Rate Down
 
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Black market on Nigerian currency
Views: 86 Kaka Ramos
All countries currencies in indian rupees
 
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hi guys in this video i will show u the other countries money in indian rupees.subscribe for more videos
Views: 245672 All Types Of Videos
Naira remains stable at N360 to Dollar at parallel market
 
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- The Naira has gained strength against the major foreign currency at the parallel market- The Nigerian currency trades at N360, N480 and N421 against the Dollar, Pound Sterling and Euro respectively - Currency traders expressed optimism that the naira would remain stable in the weeks aheadThe Naira on Friday, June 29, remained stable at the parallel market in Lagos, exchanging at N360 to the dollar, the News Agency of Nigeria(NAN) reports.The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively.At the Bureau De Change (BDC) window, the Naira also closed at N360 to the dollar, while the Pound Sterling and the Euro traded at N480 and N421, respectively.Trading at the investors’ window saw the naira close at N361.32, while it exchanged at N305.75 to the dollar at the Central Bank of Nigeria (CBN) official window.PAY ATTENTION: Read the news on Nigeria’s #1 news app Naira remain stable at N360 to DollarTraders expressed optimism that the naira would remain stable in the weeks ahead as the CBN continues its interventions at the foreign exchange market.NAIJ.com previously reported that the Nigerian Naira on Thursday, June 28, appreciated at the parallel exchange market sector after its steady appreciation was halted. According to NAIJ.com findings, it was gathered that the local currency gained one point against the greenback to close the day at N361/$1. Also, the local currency maintained the N483 per Pound rate and N420 per Euro. Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV. Subscribe to watch new videos Source: Naija.ng Show Comments Think it is important? Share with your friends!
Views: 17 ALY NEWS
Naira retains strength against Dollar, Pound and Euro
 
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- Naira maintains rate against Dollar, Pound and Euro at parallel market - The local currency closed at N362 to a Dollar, while the Pound and the Euro traded at N505 and N442, respectively The Nigerian Naira on Wednesday, May 2, maintained its appreciated rate at the parallel market against Dollar, Pound and Euro. According to NAIJ.com findings, the local currency maintained the same rates of N362 against Dollar, N505 per Pound rate and N442 per Euro as it closed on Tuesday, May 1. The Central Bank of Nigeria (CBN) continues to intervene in the interbank foreign exchange market, in line with its determination to sustain liquidity in the market and maintain stability. PAY ATTENTION: Read the news on Nigeria’s #1 new app At the Bureau De Change (BDC) window, the Naira exchanged at N362 to the dollar, while the Pound Sterling and the Euro closed N504 and N436, respectively. Trading at the investors’ window saw the Naira close at N360.67, while it closed at the CBN window N305.7. NAIJ.com previously reported that Naira on Monday, April 30, appreciated at the parallel market against Dollar, Pound and Euro. The currency strengthened to N362 per US dollar as against the N363 rate it was on Friday, April 27. Can N1 ever become $1 again at Forex Market? Watch Nigerians respond to this question on NAIJ.com TV.
Views: 24 ALY NEWS
Nigeria fx market in doldrums as funds offer dollars at premium: traders
 
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Nigeria fx market in doldrums as funds offer dollars at premium: traders A trader changes dollars with naira at a currency exchange store in Lagos, Nigeria, February 12, 2015. REUTERS/Joe Penney/File PhotoLAGOS (Reuters) - Offshore funds in Nigeria offered on Wednesday to sell the dollar at close to its black market rate, traders said, worsening a liquidity lull on the foreign exchange market. The funds, which shifted dollars into the market last week to buy naira treasury bills, offered to sell the U.S. currency at 365 naira, close to the black market rate of 367. L...
Views: 6 Breaking News
New law to require the Nigerian central bank to fix exchange rates
 
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A Nigerian lawmaker is proposing a new currency law that would revert powers to set the exchange rate to the central bank. The bill would repeal the existing foreign-exchange legislation, where market rates are mutually agreed between counter-parties, and allow the regulator to decide those rates itself. The Bank may determine the basic exchange rate, rate of purchase and sale of foreign exchange and arbitrated exchange rate in foreign exchange transactions. If passed, the legislation would give the central bank freedom to defend the naira, which has tumbled 37 percent against the dollar since Central bank Governor, Godwin Emefiele, abandoned its peg in June. The draft has been through two readings in the Senate and will be put to a public hearing next year.
Views: 208 CGTN Africa
Nigeria pilgrims get forex subsidy
 
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Nigeria's government has offered a reduced naira - dollar exchange rate to would-be pilgrims to Saudi Arabia this year. The Nigerian central bank directed banks and authorized forex dealers to sell the Pilgrims Travelling allowance at a rate of N197 to a dollar instead of the interbank rate of about N319 to a dollar. The move comes amidst the country's worsening economic crisis. Some 65,000 people are expected to benefit from the decision which was made last year before the currency was deval… READ MORE : http://www.africanews.com/2016/08/16/nigeria-pilgrims-get-forex-subsidy Africanews is a new pan-African media pioneering multilingual and independent news telling expertise in Sub-Saharan Africa. Subscribe on ourYoutube channel : https://www.youtube.com/c/africanews Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews
Views: 38 africanews
1 USD To NGN
 
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Our Website : http://www.fxnairamarket.com/ If you are planning a trip, one of the most important details to consider is money exchange. This task can be done at a point during your vacation, but there are optimal moments depending on the country you are visiting, as well as what time you will arrive. You should think about Dollar to Naira exchange before you leave for vacation. My Profile : https://www.youtube.com/channel/UCm2Uccum6-G4Ji86m06FgEw More Links : https://www.youtube.com/watch?v=CR9ks1-Nf_k https://www.youtube.com/watch?v=7Wz7F0qI_wY https://www.youtube.com/watch?v=ExeuDDjjeDY
Views: 376 Dollar Naira
Naira maintains N370 rate against Dollar at parallel market
 
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- The local currency stays unchanged against Dollar, Pound
Views: 75 Gina Kennedy
Nigerian Senate recommends N200/$ exchange rate for Hajj pilgrims
 
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The Senate has recommended the concession of N200 to $1 by the Central Bank of Nigeria (CBN) to intending pilgrims embarking on the 2017 Hajj, to bring the cost of the pilgrimage down to a bearable level. This is in spite of the CBN’s benchmark of N305 to $1, for the 2017 Hajj operations, approved by the fedeal government. The Senate also urged the government to extend concessions on naira-dollar exchange rate to the National Hajj Commission (NAHCON) and the Nigerian Christian Pilgrims Commission (NCPC) once every year for pilgrimages. The position of the lawmakers followed the adoption of the recommendations of its Senator Monsurat Sunmonu (Oyo Central)-led Committee on Foreign Affairs, on the alleged extortion of pilgrims by NAHCON. The report was borne out of an investigation of the circumstances surrounding the present feeding regime and exorbitant airfare as fixed by NAHCON, with a view to exposing any sharp practices. The Senate however called on the government and its economic team to intensify efforts to improve on Nigeria’s monetary policy, to guarantee a long and stable relationship of the Naira with other currencies in the foreign exchange market. “For example, from 2007 to date, a period of 10 years, the exchange rate between the US$ and Saudi Riyals has been SR3.74 to US$1. Subjecting the naira to similar period like the Riyal indicated a serious decline on its value, from N118 to US$1 in 2007, to N305 to US$1 in 2017,” the report said, adding that both rates are official. “The National Hajj Commission did not unilaterally fix the airfare for the 2017 Hajj but engaged the services of experts from the aviation sector, specifically the Nigeria Civil Aviation Authority (NCAA), responsible for appropriate pricing of civil fares. The process went through series of negotiations and due diligence. The approved airfare for 2016 Hajj was between $1,700 to $1,750 whilst for 2017 the fares are $1,650 to $1,700,” it said The Senate further called on the federal government to engage, at the highest level, discussions with the Kingdom of Saudi Arabia to review the 50 -50 carriage of pilgrims between Nigeria and Saudi Arabian Airlines. This, it noted, is with a view to providing opportunities for more indigenous Nigerian Airlines to participate in the Hajj operations and give Nigeria varieties in choosing the air carrier. “The NAHCON should expedite action on the establishment of Hajj Savings Scheme, in compliance with Section 7 (1 and 2) of the NAHCON Act, for all Intending Pilgrims to make it possible for Nigerian pilgrims to save for the annual Islamic rites over a long period. This will cushion the effects of any similar astronomic increase in the foreseeable future,” the report added. Presiding, Senate President, Dr. Bukola Saraki, inaugurated an ad hoc committee to further look into allegations of extortions in pilgrimages. “We passed the 2017-2019 Medium Term Expenditure Framework (MTEF) and based on the MTEF, we have passed what should be the exchange rate which is N305 to a aollar. We should make laws that are truly going to guide our people because we have MTEF which says the exchange is N305,” he said. “If with passing MTEF nobody should be given N200, but since businessmen are getting N200, then definitely pilgrims deserve 200 as well,” he said. He said this following an interaction at plenary with Senator Adamu Aliero (Kebbi Central) who claimed that businessmen were receiving concessions of N200 to $1. (Text Credit: Thisday)
Views: 362 Oak TV
Naira maintains N361 rate against Dollar
 
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- The Naira maintains its rate against Dollar at parallel market- The local currency also slipped against Euro - The Naira closed at N361 to a Dollar, N418 to Euro while the Pound traded at N480The Nigerian Naira on Friday, July 6, retained its rate at the parallel market against Dollar. According to NAIJ.com findings, the local currency maintained the same rates of N361 against Dollar, N480 against Pound, but slipped to N418 against Euro.Meanwhile on Thursday, July 5, at the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N481 and N416.5, respectively.PAY ATTENTION: Read the news on Nigeria’s #1 new appNaira stays at N361 to a Dollar at parallel marketTrading at the investors’ window saw the naira close at N362.25, while it closed at N305.70 at the CBN official window.Currency traders attributed the marginal loss to low activities at the market and the boost in liquidity at the foreign exchange market by the CBN. NAIJ.com previously reported that the Nigerian Naira on Thursday, July 5, slipped against the American Dollar at the parallel market. READ ALSO: My trial was politically motivated - Saraki reacts to Supreme Court verdict freeing him of corruption charges The local currency dropped one point to close the day at N361/$1 from the previous rate of N360/$1, but maintained same rate of N417 against Euro. However, the currency slipped to N480 against Pound Sterling.Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV. Subscribe to watch new videos Source: Naija.ng Show Comments Think it is important? Share with your friends!
Views: 14 ALY NEWS
Nigeria's Central Bank embraces flexible foreign exchange rate regime
 
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Nigeria has adopted a flexible foreign exchange rate policy signalling a policy U-turn as the country teeters on the brink of a recession. The move is expected to boost exports and attract foreign currency to an economy badly hurting from the low global prices of oil. Central Bank Governor Godwin Emefiele said that details of the new rules would be published in coming days.
Views: 478 CGTN Africa
Nigeria's Central Bank to continue injecting dollars into currency market
 
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Nigeria's central Bank says it will continue injecting more dollars in to the currency market to defend the Naira from further weakening. Governor Godwin Emefiele says, the policy is necessary to ease the effects dollar crisis has had on local businesses and fight unscrupulous currency dealers in the parallel markets. CGTN's Kelechi Emekalam has more.
Views: 271 CGTN Africa
My Foreign Currency Collection 2018 + Exchange Rates USD
 
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So here it is people. Part 1 of my currency collection. In this video I show you the foreign bank notes I've collected throughout the years. In the next video I will show you the coins that my wife and I have collected! Exchange rate to USD included. Foreign Bank Notes in this video: Bolivian Bolivianos, Brazilian Real, Canadian Dollar, Chinese Renminbi Yuan, Chinese Wu Jiao, Chinese Yi Yuan, Danish Krone, European Euro, Haitian Gourde, Hong Kong Dollar, Hungarian Forint, Icelandic Krona, Indonesia Rupiah, Italian Lira, Jamaican Dollar, Japanese Yen, Mexican Peso, Mongolian Tögrög (Tugrik), Nigerian Naira, Swedish Krona, Philippine Piso, Polish Zloty, Singapore Dollar, South Korean Won, Norwegian Krone, Turkish Lira and the British Pound (United Kingdom) Pound. Social Media: ► www.linkedin.com/in/theangryspud ► Ask Me Anything: https://ask.fm/TheAngrySpud ► Discord: https://discord.gg/HJeDn72 ► Website: https://www.theangryspud.com/ ► Twitter: https://twitter.com/theangryspud28 ► Instagram: https://www.instagram.com/eliterb28/ ► Snapchat: www.snapchat.com/add/eliterb28
Views: 17071 The Angry Spud
CBN Forex Policy: Nigerian Students In UK Lament Unstable Exchange Rates
 
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For more information log on to http://www.channelstv.com
Views: 542 Channels Television
Nigeria: Triumph Over Multiple Exchange Rates in Nigeria
 
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Nigeria: Triumph Over Multiple Exchange Rates in Nigeria By Bukola IdowuIn this article, BUKOLA IDOWU takes a look at the impacts of Central Bank of Nigeria (CBN's) unification of exchange rates and demands of Bureau de Change (BDCs) over the recent currency swap with China. The Central Bank of Nigeria (CBN) moved closer to realising its single exchange rate target by unifying dollar buying rates for banks and Bureau de Change (BDC) operators. The development has brought stability to the foreign exchange market and showed CBN's proactive approach to e... --------------------- DONT FORGET SUBSCRIBE FOR ME : https://www.youtube.com/channel/UCAcsBcJd8seojLO_4wot0-w?sub_confirmation=1
Views: 7 Eco News
Nigeria deregulates forex, exchange rates to be determined by market
 
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CBN Governor’s Speech on The New Forex Framework Re-introducing and Operationalizing Nigeria’s Flexible Exchange Rate Market by Godwin I. Emefiele, CON Governor, Central Bank of Nigeria Good afternoon ladies and gentlemen and welcome to the Central Bank of Nigeria (CBN). The Management of the Bank has called this Press Conference in response to one of the commitments contained in the Communiqué of the Monetary Policy Committee (MPC) of 24th May 2016. Having consulted widely and prepared carefully, the committee of Governors of the CBN is delighted to unveil to relevant stakeholders and the general public, the broad framework and guidelines of the Flexible Exchange Rate Inter-bank Market, which we alluded to at the end of that MPC Meeting. Before I proceed into the details of this new policy, please permit me to provide you with a brief context.
Views: 527 Oak TV