As the Naira falls in value, inflation takes over the economy, which usually impacts the inhabitants. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports.
The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website.
Newsone Nigeria reports that the dollar-to-naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. These rates are almost always cheaper than those on the black/parallel market.
What is the CBN naira to dollar exchange rate today?
The CBN Dollar to naira exchange rate today: The exchange rate for a dollar to naira at the official window is N769.75 as of Monday, 2 October 2023, according to the data published by CBN. The CBN exchange rate of dollar to naira today, according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official is as follows:
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar.
| 1 USD = 769.7521 NGN |
| 1 Dollars = 769.7521 Nigerian Naira |
| The USDNGN rate as of 2 Oct 2023 |
Factors Influencing Foreign Exchange Rate
Here are some of the causes of the dwindling dollar to naira exchange rate.
Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.
Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall.
Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. If inflows are high, the naira exchange rate will rise in favor of the naira.
Speculators: Speculators frequently impact the naira-to-dollar exchange rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower.
Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Everything comes from China, India, and the majority of Asian countries.
sportwett Sportwetten Beste anbieter
sportwetten anbieter schleswig holstein
Check out my web site – Wettanbieter mit paypal
kombiwetten booster
Feel free to visit my blog: sportwetten ohne oasis schnelle auszahlung
live wetten schweiz
Feel free to surf to my page – Sportwetten Anbieter Paypal
sportwetten tipps für heute
Here is my web page … Wetten Esc Gewinner
platz wette pferderennen
Here is my web blog … alle wettanbieter online, Winifred,
deutsche wettanbieter
Here is my web site :: beste sportwetten apps (Alannah)
sportwette vergleich
Here is my web site; wetten quoten – development.Cyberbytesystems.com,
online sportwetten legal anbieter
online buchmacher
Also visit my blog post Die Besten Wettstrategien, Mehedi.Royalbd.My.Id,
wetten in der schweiz
Check out my site – experten tipps sportwetten
wetten online
my page – deutschland ungarn wett tipp [occ-aa101a.ingress-bonde.ewp.live]
Hi there very nice website!! Man .. Excellent .. Superb ..
I’ll bookmark your website and take the feeds also? I’m satisfied how to become a
dealer at crown casino, Zita, seek out so many helpful info right here within the submit, we need develop more strategies on this
regard, thanks for sharing. . . . . .
pferderennen hoppegarten wetten
Here is my web site sportwetten welcher anbieter
united kingdom pokies best buy online casinos real money, online pokies united states real
money paypal and poker mat nz, or all united kingdom bingo
lantana
online casino usa bonus, can i play online pokies in australia and uk online gambling news, or free spins
on signup no deposit uk
Have a look at my site bingo card options (Jerold)
naturally like your web-site however you need to test the spelling on several of your posts.
Many of them are rife with spelling issues and I find it very troublesome to
inform the truth however I will definitely come again again.
Also visit my web blog – goa casino games list (Dolly)
profi sportwetten tipps wochenende vorhersagen
doppelte chance wette
My page: sportwetten beste app (Pat)
bester willkommensbonus sportwetten
Here is my blog post – wettbüro quoten (Dan)
sichere wett tipps morgen
Here is my blog: online Wetten Anbieter
quote berechnen wetten
My webpage :: wett-tipps ai kostenlos (Agustin)
besten strategie bei sportwetten – https://Ppsavanigseb.org/,
bonus
sportwetten einzelwetten strategie
my page: wett-tipps ai Kostenlos
sportwetten strategie ohne verlust
Here is my web-site … Profitable wettstrategie
wetten die man nur gewinnen kann
My website :: sportwetten schweiz legal, Steffen,
bester esport wettanbieter
My web blog: Sportwetten anbieter
wettbüro nähe
Also visit my web page; besten wettanbieter
wettanbieter esc deutschland buchmacher (Randy) lizenz
wettstrategie unentschieden
Also visit my web-site gute wettseiten [https://Si.Secda.info]
asiatische handicap wette
Feel free to surf to my web site … alle sportwetten anbieter [interd.co.Kr]
beste Sportwetten prognose; https://www.maranathacarhire.com/, in der schweiz
quotenvergleich Die Besten Wettanbieter Online
wett-tipps heute
Feel free to surf to my site – halbzeit oder endstand wette (Estella)
wettstrategien livewetten
Also visit my blog: kombiwetten zum nachtippen
wie am besten Was Bedeutet Handicap Wetten
wettanbieter ohne lizenz
Feel free to visit my blog post: wett tipps von experten
wetten dass unfall samuel koch heute
Here is my page … wettbüro nürnberg (Krystle)
sport Wetten bonus üBersicht tipps heute
bonus euro wetten, Rosalie,
sportwetten deutschland lizenz spiel wetten
sportwetten tipps telegram (Dixie) verluste zurückholen erfahrungen
kostenlos wetten
Here is my web blog :: top sportwetten live
(Minnmedstaging.Wpengine.com)
strategien sportwetten gratis ohne einzahlung (Fiona)
sportwetten vergleich deutschland
Here is my homepage :: pferderennen Hannover wetten (info.expertcommentary.Com)
wettbüro in der nähe jetzt geöffnet
Feel free to visit my web-site: welche sportwetten app Ist die beste –
Formacionayudantes.pucv.cl –
schweiz online Wetten Doppelte Chance ErkläRung
sportwetten-bonus
Feel free to visit my page :: quotenvergleich
pferderennen bad harzburg wetten
Here is my page; gute online wettanbieter (dr-samarai.com)
wettanbieter ohne steuer
Also visit my web blog … wir wetten bets in sports (Clifton)
sportwetten anmeldebonus ohne einzahlung
My web blog :: wetten bonus (cathy-atelier.fr)
sportwetten quoten vergleich
Feel free to surf to my webpage Dfb pokal wetten Tipps
wettquoten esc
Feel free to surf to my homepage; wettbüro hamburg [Trevoragency.com]
best online sportwetten
Also visit my site: niederlande deutschland wetten (Historie.Visnove.cz)
beste wettbüro
Here is my blog; wettanalysen Und Wettprognosen
englische wettanbieter esports
die besten wetten unter freunden
Also visit my web page :: esport wettanbieter (Alanna)
sportwetten vergleich bonus
Feel free to visit my page esc wetten deutschland (Wolfgang)
wettbüro nürnberg
my web page: basketball em wetten; Dann,
wette gegen euro
Feel free to visit my blog beste sportwetten apps
united statesn casino nashua nh, best new zealandn online real money pokies and spin palace mobile is jupiters casino open today australia, or united kingdom
online pokies paypal
australian online casino min deposit $10, are there casinos
in toronto united states and aristocrat free slots united states, or new
casino sites uk no deposit
Feel free to visit my web site :: blackjack
sls avenger fr s (Jerry)
online usa mobile casinos free spins and chips 2021, gambling ad canada and best
online cara main casino online di android (Rashad) canada no deposit bonus, or
casino in australia near detroit
is online pokies banned in united states, new coin flip gambling game
(Robbin) sites usa and jackpot casino australia,
or where can i play online pokies in united states
best gambling game sites uk, best online pokies
australia 2021 and usa casino free no deposit bonus, or slot machine hire usa
my page … goplayslots.net
online casino real money no deposit australia, casino toronto canada and gambling legislation australia, or bingo online for money united kingdom
My web blog: goplayslots.net
united statesn online Players Casino Moving free spins sign up,
canadian gambling statistics 2021 and bet uk casino, or top ten slots usa
the top online pokies and casinos in united states 60fps, online gambling usa
law and craps betting usa, or no deposit casino craps odds and payouts (Fermin) usa
Simply wish to say your article is as astonishing.
The clearness on your submit is just nice and that i can assume you are knowledgeable on this subject.
Well with your peemission let me to swize your RSS feed to stay updated with approaching post.
Thank you 1,000,000 and please continue the rewarding
work. https://glassi-info.blogspot.com/2025/08/deposits-and-withdrawals-methods-in.html