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Nigerian Naira Is No Longer N450.58 Or N400.00 Per Dollar, Checkout The New Value. | MadNaija
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Nigerian Naira Is No Longer N450.58 Or N400.00 Per Dollar, Checkout The New Value.

Nigerian Naira Is No Longer N450.58 Or N400.00 Per Dollar, Checkout The New Value.

Nigerians are always worried by the rates of Dollar to Naira very day because it affected the economy of the nation directly or indirectly, waking up everyday to see that the rate of dollar to naira don’t raise or drop, it another thanksgiving for some people, but some people always pray that the dollar to naira to raise in order for the investment to raise in term of Naira.

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It another new week, business across the country start slow due to the ongoing protest throughout country, yet it has not had any effect on the Nigerian naira, but may have effects as times goes on.

On the Monday 12th of October. One united states dollar is exchange for 383.19 Nigerian naira according to Google.com in the world market.

But according to the bank rates in the country, Zenith Bank has the lowest rate as they exchange a dollar for N386 while Fidelity Bank and Union Bank exchange a dollar as the rate of N460 naira per dollar, that is the highest rates among the bank in the country. Other banks have their own exchange rates price.

Here is the exchange of some selected banks in the country.

But in the black market, one dollar is been sold at the rate of N457 while the buy it the rates of N452 from the people.

wondering why they are exchanging the same dollar for the different amount in Naira? Yes, it is because they have turn everything into a business in this country.

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