Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Dollar, Euro and Pounds To Naira Exchange Rate For Today, April 18 2024

Eriki Joan UgunushebyEriki Joan Ugunushe
April 18, 2024
in Business & Finance
0
Dollar, Euro and Pounds To Naira Exchange Rate For Today, April 10 2024
Share on FacebookShare on TwitterShare on Whatsapp

As of today, April 18 in Lagos, Abuja and Kano, here are the exchange rates for the Nigerian Naira (NGN) to the respective currencies: It includes the Naira Black Market exchange rates, Aboki/Bureau De Change (BDC).

Naira to Dollar Exchange Rate (USD to NGN):
Buying Rate 1060
Selling Rate 1020

Euro to Naira Black Market Exchange Rate (EUR to NGN):
Buying Rate:1210
Selling Rate: 1140

Pounds to Naira Black Market Exchange Rate (GBP to NGN)
Buying Rate: 1400
Selling Rate: 1325

Dollar, Euro and Pounds to Naira rate
Dollar, Euro and Pounds To Naira Exchange Rate For Today, April 18 2024

Factors That Determines Exchange Rates:

  • Interest rates: Higher interest rates can attract foreign investors seeking better returns, leading to increased demand for the local currency and strengthening its exchange rate. Conversely, lower interest rates may discourage foreign investment and result in currency depreciation.
  • Balance of trade: A trade surplus, where exports exceed imports, creates demand for the local currency as foreign countries purchase goods and services. This increased demand strengthens the exchange rate. Conversely, a trade deficit can put downward pressure on the currency.
  • Foreign direct investment (FDI): Higher levels of foreign direct investment indicate confidence in a country’s economic prospects and can lead to increased demand for the local currency, strengthening its exchange rate.
  • Government policies and interventions: Government decisions, such as monetary policies and foreign exchange controls, can directly impact exchange rates. Central bank interventions in the foreign exchange market can influence the exchange rate.
  • Global economic factors: Global economic conditions, including economic growth, interest rate differentials, and geopolitical events, can affect exchange rates. Changes in the global economic environment can result in capital flows into or out of a country, influencing its exchange rate.

It’s important to recognize that these factors are interconnected, and changes in one factor can have cascading effects on others. This interdependence makes exchange rates a complex and dynamic system.

Tags: April 18 2024DollarEuro and Pounds To Naira Exchange Rate For Todayfederal characterNews
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 31, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 30, 2025
October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 29, 2025
Next Post
Awka Cult Clash: Bedlam Ensues After Gunmen Kill One Person

Awka Cult Clash: Bedlam Ensues After Gunmen Kill One Person

Climate Change Alert: Intense Heat in West Africa Signals Future Scorchers, Report Warns

Climate Change Alert: Intense Heat in West Africa Signals Future Scorchers, Report Warns

Bavaria Authorities Detain Two Suspected Spies in German Espionage Case

Bavaria Authorities Detain Two Suspected Spies in German Espionage Case

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Alleged Naira Abuse: Controversy Trails Cuban Chief Priest’s Bail

Alleged Naira Abuse: Controversy Trails Cuban Chief Priest’s Bail

2 years ago
Man Dies After Being Buried Alive by Sand Slide in Jigawa State.

Man Dies After Being Buried Alive by Sand Slide in Jigawa State.

3 years ago
Naira Marley Breaks Silence On Hidden Dangers Facing Youths

Naira Marley Breaks Silence On Hidden Dangers Facing Youths

2 months ago
Pope Francis Calls for Safe Migration Routes

Pope Francis Calls for Safe Migration Routes

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Is Trump loosing his mind?

USPS Add Extra $16 Fee To Send Mails

Saudi​‍​‌‍​‍‌ Arabia Reportedly Turned Down a Short Term Deal with Lionel Messi Before 2026 World Cup

How Eve Esin Secretly Got Married at 43 Before Her Public Wedding

Amorim Admits Man United Could Struggle During AFCON as Mbeumo and Diallo Set for Duty

Movie Review: Why “Love Recipe” Promised Romance But Delivered Disappointment (3/10)

Trending

Several Police Officers Among 20 Arrested in Mississippi Drug Bribery Sting
Government

Several Police Officers Among 20 Arrested in Mississippi Drug Bribery Sting

bySomto Nwanolue
October 31, 2025
0

A major corruption probe has rocked Mississippi law enforcement, resulting in the arrest of 20 individuals, including...

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 31, 2025
Why Americans Should Take Trump’s 3rd Term Jokes Seriously

Why Americans Should Take Trump’s 3rd Term Jokes Seriously

October 30, 2025
Is Trump loosing his mind?

Is Trump loosing his mind?

October 30, 2025
USPS Add Extra $16 Fee To Send Mails

USPS Add Extra $16 Fee To Send Mails

October 30, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Several Police Officers Among 20 Arrested in Mississippi Drug Bribery Sting
  • October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose
  • Why Americans Should Take Trump’s 3rd Term Jokes Seriously

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com