Cryptocurrency Q&A
What is the black market dollar to naira exchange rate?
What is the black market dollar to naira exchange rate?
Chloe_martinez_explorer
Tue Jul 16 2024
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5 answers
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I'm curious to inquire about the current black market exchange rate between the US dollar and the Naira. Given the volatile nature of cryptocurrencies and the potential impact on traditional currencies, it's essential to stay updated on these informal market rates. Could you please elaborate on the current standing of the dollar to naira black market exchange rate? Any insights or predictions regarding its potential movement in the NEAR future would also be greatly appreciated.
5 answers
Riccardo
Wed Jul 17 2024
The exchange rate between the black market dollar and the Nigerian Naira has been fluctuating recently, as reported by WOTHAPPEN.
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KDramaLegend
Wed Jul 17 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the diverse needs of its clients. These include spot trading, futures contracts, and secure wallet facilities.
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CryptoPioneer
Wed Jul 17 2024
Specifically, the parallel market in Nigeria, also known as the black market, offers a distinct exchange rate for the US dollar vis-à-vis the local currency.
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IncheonBlues
Wed Jul 17 2024
As per the latest data, for the Lagos market, the exchange rate for the US dollar on Wednesday, January 25th, stood at N747 for buying and N750 for selling.
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WindRider
Wed Jul 17 2024
This disparity in buying and selling rates is indicative of the volatile nature of the black market and the demand-supply dynamics that drive it.
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