Dollar To Naira Today

Dollar To Naira Today

dollar and naira today

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What do you know about dollar currency? how much is a dollar to naira in today’s exchange rate? In this post, we are going to detail

100 dollars to naira black market today.
Dollar to naira bank rate today.
Aboki dollar to naira today.
How much is dollar to naira today in the black market?
Dollar to naira today black market nairaland.
Dollar rate black market.
Dollar to naira today black market 2023.
Pounds to naira today.

But let’s first, dug down to the history of the dollar and naira, and how it originated.

History And Origin Of Dollar

According to Wikipedia: Dollar is a unit of money used in several countries like the US, Australia, Canada, and many more. The currency of the US is the United States Dollar (USD) named after the international currency known as the Spanish dollar, which was established in 1792.  The name “dollar” originates from Bohemia and a 29 g silver coin called the Joachimsthaler.

The symbol for most of those currencies is the dollar sign ($) or US$ in the same way as many countries using peso currencies.

Here are the name of countries that make use of dollar currency: Other territories that use a “dollar”.

  • Anguilla: Eastern Caribbean dollar
  • Bonaire (Netherlands)
  • British Indian Ocean Territory: US dollar (alongside the pound sterling)
  • British Virgin Islands
  • Montserrat: Eastern Caribbean dollar
  • Saba (Netherlands)
  • Saint Pierre and Miquelon (France): Canadian dollar (alongside the euro)
  • Sint Eustatius (Netherlands)
  • Turks and Caicos Islands
  • The United States and its territories
  • Australia
  • New Zealand
  • Hong KongSingapore
  • Canada
  • Jamaica and many more countries.

Here are the name of countries that make use of dollar currency: Countries unofficially accept “dollars”.

  • Afghanistan
  • Argentina
  • Bolivia
  • Cambodia
  • Cuba
  • Guatemala
  • Lebanon
  • Macau
  • Maldives
  • Myanmar
  • North Korea
  • Panama
  • Paraguay
  • Peru
  • Philippines
  • Uruguay
  • Venezuela

History And Origin Of Naira

According to Wikipedia: Naira is a paper money and monetary unit of Nigeria; was introduced on 1 January 1973 from the word “Nigeria” by Obafemi Awolowo, launched by Shehu Shagari as minister of finance in 1973. The naira was introduced on 1 January 1973, replacing the Nigerian pound at a rate of £1 = ₦2.

The new currency was the first coin issued by an independent Nigeria, as all circulating coins of the Nigerian pound were struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen Elizabeth II on the obverse.

This also made Nigeria the last country in the world to abandon the £sd currency system in favor of a decimal currency system. There was a government plan to redenominate the naira at 100:1 in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ NAIRA SIGN.

The naira is an official national currency (sign: ₦; code: NGN; Yoruba: náírà, Tyap: nera) and is used only in Nigeria. One naira is divided into 100 kobo. The Central Bank of Nigeria (CBN) is the sole issuer of legal tender money throughout the Federal Republic of Nigeria.

Here are the name of ethnic groups in Nigeria that make use of the naira currency: Hausa (North-West), Yoruba (South-West), Igbo (South East), Tiv (North-Central), Ijaw (South-South) and Kanuri (North-East).

Coins

In 1973, coins were introduced in denominations of 1⁄2, 1, 5, 10, and 25 kobo, with the 1⁄2 and 1 kobo in bronze and the higher denominations in cupro-nickel. The 1⁄2 kobo coins were minted only that year. In 1991, smaller 1, 10, and 25 kobo coins were issued in copper-plated steel, along with nickel-plated-steel 50 kobo and ₦1.

On 28 February 2007, new coins were issued in denominations of 50 kobo, ₦1 and ₦2, with the ₦1 and ₦2 bimetallic.

Some Nigerians expressed concerns over the usability of the ₦2 coin. The deadline for exchanging the old currency was set on 31 May 2007. The central bank stated that the 1⁄2 to 25 kobo coins were withdrawn from circulation with effect from 28 February 2007.

  • 1⁄2 kobo1 kobo.
  • 5 kobo.
  • 10 kobo.
  • 25 kobo.
  • 50 kobo.
  • 1 naira.
  • 2 naira.

Banknote

On 12 November 2014, the Central Bank of Nigeria issued a ₦100 commemorative note to celebrate the centennial of Nigeria’s existence. The notes are similar to its regular issue with the portrait of Chief Obafemi Awolowo on the front but are redesigned to include a new color scheme, revised security features, and the text “One Nigeria, Great Promise” in microprinting. On the back is a quick response code (QRC) which when scanned leads users to a website about Nigeria’s history.

In 2019, the naira attained a landmark when it featured the signature of Priscilla Ekwere Eleje, the new Director of Currency operations of the Central Bank of Nigeria and the first woman to hold the post.

Banknotes were to be printed in denominations of:

  • 5 naira (₦5).
  • 10 naira (₦10).
  • 20 naira (₦20).
  • 50 naira (₦50).
  • 100 naira (₦100).
  • 200 naira (₦200).
  • 500 naira (₦500).
  • 1000 naira (₦1000)   Note: 50 kobos & 1 naira — no longer in use and 5 naira – had lesser value in 2018, and as of March 2023 has a much-weakened purchasing power (1.1¢).

How Much Is 1 Dollar In Naira

From the recent result, the price of 1 dollar in Nigeria is 773.50. 1 USD (United States Dollar) exchange currency rate = 775.21 NGN for today. In words, it is seventy-five thousand five hundred twenty-seven naira 42 kobos.

How Much Is $2 Dollar In Naira

The price of $2 dollars in Nigeria is 1547. 2 USD (United States Dollar) exchange currency rate = 1516.839 NGN for today.

How Much Is $3 Dollar In Naira

The price of $3 dollars in Nigeria is ₦2320.5. 3 USD (United States Dollar) exchange currency rate= ₦2,297.55 NGN for today. In words, it is two thousand two hundred ninety-seven naira 55 kobos.

How Much Is $4 Dollar In Naira

The price of $4 dollars in Nigeria is  3094. 4 USD (United States Dollar) exchange currency rate =  3054.414 NGN for today.

How Much Is $5 Dollar In Naira

The price of $5 dollars in Nigeria is 3867.5. 5 USD (United States Dollar) exchange currency rate= 3,830.63 NGN for today.

How Much Is $6 Dollar In Naira

The price of $6 dollars in Nigeria is ₦4641. 6 USD (United States Dollar) exchange currency rate= 4,628.28 NGN for today. In words, it is four thousand six hundred twenty-eight naira 28 kobos.

How Much Is $7 Dollar In Naira

The price of $7 dollars in Nigeria is ₦5414.5. 7 USD (United States Dollar) exchange currency rate= 5,428.50 NGN for today.

How Much Is $8 Dollar In Naira

The price of $8 dollars in Nigeria is ₦6188. 8 USD (United States Dollar) exchange currency rate= 6,129.01 NGN for today.

How Much Is $9 Dollar In Naira

The price of $9 dollars in Nigeria is ₦6,961. 9 USD (United States Dollar) exchange currency rate= 6,979.50 NGN for today.

How Much Is $10 Dollar In Naira

The price of $10 dollars in Nigeria is ₦7,735. 10 USD (United States Dollar) exchange currency rate= 7583.877 NGN for today.

How Much Is $15 Dollar In Naira

The price of $15 dollars in Nigeria is ₦11,602.5. 15 USD (United States Dollar) exchange currency rate= 11,570.70 NGN for today.

How Much Is $20 Dollar In Naira

The price of $20 dollars in Nigeria is ₦15470. 20 USD (United States Dollar) exchange currency rate= 15429.56000 NGN for today.

How Much Is $25 Dollar In Naira

The price of $25 dollars in Nigeria is ₦19,337.5. 25 USD (United States Dollar) exchange currency rate = 19,153.15 NGN for today.

How Much Is $30 Dollar In Naira

The price of $30 dollars in Nigeria is ₦23,205. 30 USD (United States Dollar) exchange currency rate= 22,983.78 NGN for today.

How Much Is $35 Dollar In Naira

The price of $35 dollars in Nigeria is ₦27,072.5. 35 USD (United States Dollar) exchange currency rate = 26,998.30 NGN for today. In words, it is twenty-six thousand nine hundred ninety-eight naira 30 kobos.

How Much Is $40 Dollar In Naira

The price of $40 dollars in Nigeria is ₦30,940. 40 USD (United States Dollar) exchange currency rate = 402.137720 NGN for today.

How Much Is $45 Dollar In Naira

The price of $45 dollars in Nigeria is ₦34,807.5. 45 USD (United States Dollar) exchange currency rate = 34,475.68 NGN for today.

How Much Is $50 Dollar In Naira

The price of $50 dollars in Nigeria is ₦38,675. 50 USD (United States Dollar) exchange currency rate = 38567.15000 NGN for today.

How Much Is $55 Dollar In Naira

The price of $55 dollars in Nigeria is ₦42,542.5. 55 USD (United States Dollar) exchange currency rate = 42,136.94 NGN for today.

How Much Is $60 Dollar In Naira

The price of $60 dollars in Nigeria is ₦46,410. 60 USD (United States Dollar) exchange currency rate= 45495.55 NGN for today.

How Much Is $65 Dollar In Naira

The price of $65 dollars in Nigeria is ₦50,277.5. 65 USD (United States Dollar) exchange currency rate= 50,139.70 NGN for today.

How Much Is $70 Dollar In Naira

The price of $70 dollars in Nigeria is ₦54,145. 70 USD (United States Dollar) exchange currency rate= 53,628.83 NGN for today.

How Much Is $75 Dollar In Naira

The price of $75 dollars in Nigeria is ₦58,012.5. 75 USD (United States Dollar) exchange currency rate = 775.5000 NGN for today.

How Much Is $80 Dollar In Naira

The price of $80 dollars in Nigeria is ₦61,880. 80 USD (United States Dollar) exchange currency rate = 60693.89 NGN for today.

How Much Is $85 Dollar In Naira

The price of $85 dollars in Nigeria is ₦65,747.5. 85 USD (United States Dollar) exchange currency rate = 65,120.72 NGN for today.

How Much Is $90 Dollar In Naira

The price of $90 dollars in Nigeria is ₦69,615. 90 USD (United States Dollar) exchange currency rate= 68,951.35 NGN for today.

How Much Is $95 Dollar In Naira

The price of $95 dollars in Nigeria is ₦73482.5. 95 USD (United States Dollar) exchange currency rate = 72,755.75 NGN for today.

How Much Is $100 Dollar In Naira

The price of $100 dollars in Nigeria is ₦77,350. 100 USD (United States Dollar) exchange currency rate = 7077134.30000 NGN for today.

How Much Is $150 Dollar In Naira

The price of $150 dollars in Nigeria is ₦116,025. 150 USD (United States Dollar) exchange currency rate = 115,707.00 NGN for today.

How Much Is $200 Dollar In Naira

The price of $200 dollars in Nigeria is ₦154,700. 200 USD (United States Dollar) exchange currency rate = 155,100.00 NGN for today.

How Much Is $250 Dollar In Naira

The price of $250 dollars in Nigeria is ₦193,375. 250 USD (United States Dollar) exchange currency rate = 192843.75000 NGN for today.

How Much Is $300 Dollar In Naira

The price of $300 dollars in Nigeria is ₦232,050. 300 USD (United States Dollar) exchange currency rate = 229,837.84 NGN for today.

How Much Is $350 Dollar In Naira

The price of $350 dollars in Nigeria is ₦270,725. 350 USD (United States Dollar) exchange currency rate =  265374 NGN for today.

How Much Is $400 Dollar In Naira

The price of $400 dollars in Nigeria is ₦309,400. 400 USD (United States Dollar) exchange currency rate = 306,450.45 NGN for today.

How Much Is $450 Dollar In Naira

The price of $450 dollars in Nigeria is ₦348,075. 450 USD (United States Dollar) exchange currency rate = 344,756.76 NGN for today.

How Much Is $500 Dollar In Naira

The price of $500 dollars in Nigeria is ₦386,750. 500 USD (United States Dollar) exchange currency rate = 385691.00000 NGN for today.

How Much Is $550 Dollar In Naira

The price of $550 dollars in Nigeria is ₦425,425. 550 USD (United States Dollar) exchange currency rate = 411509 NGN for today.

How Much Is $600 Dollar In Naira

The price of $600 dollars in Nigeria is ₦464,100. 600 USD (United States Dollar) exchange currency rate = 465,300.00 NGN for today.

How Much Is $650 Dollar In Naira

The price of $650 dollars in Nigeria is ₦502,775. 650 USD (United States Dollar) exchange currency rate = 497,981.98 NGN for today.

How Much Is $700 Dollar In Naira

The price of $700 dollars in Nigeria is ₦541,450. 700 USD (United States Dollar) exchange currency rate = 536,288.29 NGN for today.

How Much Is $750 Dollar In Naira

The price of $750 dollars in Nigeria is ₦580,125. 750 USD (United States Dollar) exchange currency rate = 72,755.75 NGN for today.

How Much Is $800 Dollar In Naira

The price of $800 dollars in Nigeria is ₦618,800. 800 USD (United States Dollar) exchange currency rate = 610883 NGN for today.

How Much Is $850 Dollar In Naira

The price of $850 dollars in Nigeria is ₦657,475. 850 USD (United States Dollar) exchange currency rate = 659,175.00 NGN for today.

How Much Is $900 Dollar In Naira

The price of $900 dollars in Nigeria is ₦696,150. 900 USD (United States Dollar) exchange currency rate = 694,242.00 NGN for today.

How Much Is $950 Dollar In Naira

The price of $950 dollars in Nigeria is ₦73482.5. 950 USD (United States Dollar) exchange currency rate = 725226 NGN for today.

How Much Is $1000 Dollar In Naira

The price of $1000 dollars in Nigeria is ₦773,500. 1000 USD (United States Dollar) exchange currency rate = 771430.00000 NGN for today.

FAQ

  • Pounds to naira today

The price of 1 pound in Nigeria is ₦773,500. 1000 USD (United States Dollar) exchange currency rate = 771430.00000 NGN for today.

  • How much is dollar to naira today in black market

The price of $1000 dollar in Nigeria is Black Market Exchange Rate Today: Buying Rate ₦775 and the Selling Rate ₦780.

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