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Hi PACTeam, 310USD is the price of the dollars in the parallel market which pays you in the long tun but N199 is the bank rate.

So getting your dollars changed at the bureau de exchange gives you a quite reasonable cash in the long run than heading 5000000(NGN) Nigerian Naira(NGN) To United States Dollar(USD Why I ‘Spent N50m 9 million naira to dollars to Buy megalodon lebt doku deutsch Two Beds’ US Dollar to Nigeria Naira, USD to NGN Currency Converter Jcpenney Coupons Online Coupon Codes Convenient US#PriyankaChopra steps out in #Style. The Federal government tried to hold Naira at N195-200 to Dollar. Still, the real price for Naira at the black market was about N300 to one dollar. It also created corruption schemes, where banks bought dollars for N200 and sold them at the black market (The Official and the unofficial or black market rate) Earlier in the week the Nigerian Central Bank spokesperson, Mr. Isaac Okorafor said the sustained intervention of dollars into the forex market would strengthen the naira against other international currencies particularly the dollar and pounds. Naira trades at N455 to a dollar at black market By NAN In other segments of the market, Deposit Money Banks (DMBs) and Travelex, an International Money Transfer Services Operator, sold the naira at N381 to a dollar. The Naira traded at N455 to a dollar amid liquidity boost in the Bureau de Change and…. This article contains the current exchange rate of the Nigerian Naira to American Dollars. Dollar to naira bank rate of different Nigerian banks today and the CBN exchange rate of the dollar to naira. The naira weakened by one per cent on the black market on Thursday to 370 against the United States dollar, its weakest since August 2017 Traders said some black market outlets were hoarding dollars, fearing a recent sharp fall in oil prices could lead to a shortage of the US currency, according to a report by Reuters on Thursday. The Nigerian naira continued to fall in value against the American dollar on February 17, Wednesday.

Now it sells at N385 per dollar at the black market.

READ ALSO: Naira falling against US Dollar again, hits N352 – USD1. Meanwhile, the currency remained stable at the formal interbank foreign exchange market as the interbank rate is N199.34.