Exchange Rate News today 11 September 2023, CBN Rate And Black Market Rate
Monday, 11 September 2023
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Exchange Rate News today 11 September 2023, CBN Rate And Black Market Rate
| Dollar to Naira | Black Market Rate Today |
| Buying Rate | N920 |
| Selling Rate | N925 |
Dollars to Naira 11 September 2023 Black Market – Handy Conversion Data Table
| DOLLAR ($) | BUYING (₦) | SELLING (₦) |
|---|---|---|
| 1 USD | 920 | 925 |
| 2 USD | 1840 | 1850 |
| 5 USD | 4600 | 4625 |
| 10 USD | 9200 | 9250 |
| 15 USD | 13800 | 13875 |
| 20 USD | 18400 | 18500 |
| 25 USD | 23000 | 23125 |
| 50 USD | 46000 | 46250 |
| 100 USD | 92000 | 92500 |
| 500 USD | 460000 | 462500 |
| 1000 USD | 920000 | 925000 |
| 2500 USD | 2300000 | 2312500 |
| 5000 USD | 4600000 | 4625000 |
| 10000 USD | 9200000 | 9250000 |
Naira to Dollar Black Market 2023 Handy Conversion Data Table
| DOLLAR ($) | BUYING (₦) | SELLING (₦) |
|---|---|---|
| 1 USD | 920 | 925 |
| 2 USD | 1840 | 1850 |
| 5 USD | 4600 | 4625 |
| 10 USD | 9200 | 9250 |
| 15 USD | 13800 | 13875 |
| 20 USD | 18400 | 18500 |
| 25 USD | 23000 | 23125 |
| 50 USD | 46000 | 46250 |
| 100 USD | 92000 | 92500 |
| 500 USD | 460000 | 462500 |
| 1000 USD | 920000 | 925000 |
| 2500 USD | 2300000 | 2312500 |
| 5000 USD | 4600000 | 4625000 |
| 10000 USD | 9200000 | 9250000 |
In Nigeria, there is growing concern over the depreciating value of the local currency, the Naira, particularly in comparison to the US Dollar in the parallel market. This ongoing dilemma has left a significant portion of the Nigerian populace feeling uneasy, questioning if any measures can be taken to stabilize the Naira. Unfortunately, the policies implemented by President Bola Tinubu appear to have limited effect. Read Full Details From Source
The ascendancy of the Dollar continues unabated, overshadowing the Naira which is witnessing a decline. There is a widespread call for innovative solutions to address this problem, as the current strategies seem inadequate. The prevailing uncertainty is fueling distress and apprehension among the citizens who are uncertain about the Naira’s prospects.
Although a segment of the population has somewhat adapted to this economic climate, for many, the weakening Naira versus the strengthening Dollar represents an ongoing struggle, especially in the foreign exchange sector. The government is endeavoring to enact changes, yet the results are not immediate, further dampening hopes. Continue reading from Source
Source: Voice of Nigeria
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