Search results

  1. Nairaexchange

    Dollar to Naira Black Market Rate Today

    The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N570 and sell at N590 according to sources at Bureau De Change (BDC). Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has...
  2. Nairaexchange

    Dollar to naira exchange rate today black market

    How much is dollar to naira today in black market? Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N570 and sell at N580 on Sunday, April 17th 2022, according to sources...
  3. Nairaexchange

    Central Bank Of Nigeria Historical Fact

    Here are some historical facts as related to the Central Bank Of Nigeria CBN. Agric Credit Guarantee Scheme: The Agricultural Credit Guarantee Scheme (ACGS) was established in 1977, under the management of the Central Bank of Nigeria. The scheme was designed to encourage banks to increase...
  4. Nairaexchange

    How CBN know the accurate money in circulation

    How does the Central Bank of Nigeria know the accurate amount of currency in circulation (CIC) and how correct is the information on the site concerning currency in circulation? Currency in circulation can be defined as ‘currency outside the vaults of Central Bank, that is, all legal tender...
  5. Nairaexchange

    Naira Currency Issue System In Nigeria

    Naira notes and coins are printed / minted by the Nigeria Security Printing and Minting (NSPM) Plc and sometimes, other overseas companies, and issued by the CBN. The CBN maintains an office called the Mint Inspectorate in the Abuja and Lagos premises of the NSPM Plc for quality control and...
  6. Nairaexchange

    What Is Currency Arbitrage?

    Do You Know What Currency Arbitrage is? Currency arbitrage is a forex strategy in which a currency trader takes advantage of different spreads offered by brokers for a particular currency pair by making trades. Different spreads for a currency pair imply disparities between the bid and ask...
Top