Home Business news today in Nigeria Dollar to Naira Exchange rate Dollar to Naira exchange rate: CBN and Banks – Sep 19, 2023

Dollar to Naira exchange rate: CBN and Banks – Sep 19, 2023

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Dollar to naira today black market exchange rates
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Are you looking for the latest information on the Dollar to Naira bank rate and the Central Bank of Nigeria (CBN) exchange rate? Look no further. On this Tuesday, September 19, 2023, we provide you with the most up-to-date currency exchange rates in Nigeria.
The Central Bank of Nigeria (CBN) plays a pivotal role in maintaining exchange rate stability by publishing the Nigerian Naira’s official rate against the US Dollar daily. This information is invaluable for businesses and individuals engaged in currency conversions between the two currencies.

The CBN Naira to Dollar exchange rate yesterday, closed at N789.30 per dollar.

Dollar to Naira CBN and Bank Exchange rate today

As of Tuesday, September 19, 2023, the latest data from the Central Bank of Nigeria (CBN), the Official exchange rate of dollar to naira CBN rate today  is as follows:.

What is CBN exchange rate today?

 

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CBN Official naira to dollar rate today

Also see Dollar to Naira today 19th september 2023 at black market Abokifx

The CBN Official naira to dollar, effective as of today, play a significant role in facilitating financial transactions and conversions between the Nigerian naira and the US dollar. It is important to note that exchange rates may fluctuate in response to market conditions and other factors.

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Dollar to Naira bank rate today.

The Dollar to Naira bank rate today  is ₦774.59 to one dollar. Therefore 100  dollar to naira will give 78950

CBN Official dollar to Naira yesterday.

 

Dollar to Naira today 19th september 2023 at black market Abokifx

 

Important Notice: The Investors & Exporters FX window ( I&E FX Window) is now the CBN Official Naira to Dollar exchange rate.

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CBN Exchange Rate for Naira to Dollar explainer

This means that if you want to buy 1 US dollar at the Central Bank of Nigeria (CBN) or the Importer and Exporter (I & E) Foreign Exchange Windows, you will need to pay N776.59. Conversely, if you wish to sell your dollar at the I & E window, 1 US dollar will yield you N774.59.

What happened to Nigerian naira to US dollar

Exchange rates can indeed fluctuate daily due to various economic factors, so it’s crucial for individuals and businesses to check the Central Bank of Nigeria (CBN) website or other reliable sources for the most current rates before engaging in any currency transactions. Staying updated on exchange rates ensures that transactions are conducted at the most favorable rates, helping to save money and make informed financial decisions.

 

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Dollar to naira black market today August 1, 2023 | Abokifx

Black Market Dollar To Naira Exchange Rate Today 
Graphic of Dollars and Nairas

 

 

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Here are some of the factors that can affect the CBN exchange rate between the Nigerian naira and the US dollar:

  • Demand and supply: If there is more demand for the US dollar than there is supply, the exchange rate will go up. Conversely, if there is more supply of the US dollar than there is demand, the exchange rate will go down.
  • Economic factors: The state of the Nigerian economy and the US economy can also affect the exchange rate. For example, if the Nigerian economy is doing well, the naira will be more valuable. Conversely, if the Nigerian economy is doing poorly, the naira will be less valuable.
  • Political factors: Political instability in Nigeria or the US can also affect the exchange rate. For example, if there is a coup in Nigeria, the naira will likely lose value.

CBN Exchange Rate

If you are planning to travel to Nigeria or the US, it is important to factor in the exchange rate when budgeting for your trip. You can use a currency converter to get an estimate of how much your money will be worth in the other currency.

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You can also check the CBN website for the latest exchange rates. The website also has a currency converter that you can use.

That is all for now in the Official Naira to Dollar exchange rate today which is all the I & E dollar to naira exchange. Dollar to Naira Bank Rate Today

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Thanks for reading CBN Official naira to dollar exchange rate today and Dollar To Naira Bank Rate Today.  l hope this cbn exchange rate us dollar to naira post has been helpful. If you have any questions, please feel free to leave a comment below.

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