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 News

Dollar, Euro and Pounds To Naira Exchange Rate For Today, March 11 2024

Eriki Joan UgunushebyEriki Joan Ugunushe
March 11, 2024
in News
0
Dollar, Euro and Pounds To Naira Exchange Rate For Today, February 15 2024
Share on FacebookShare on TwitterShare on Whatsapp

As of today, March 11 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 1623
Selling Rate 1605

Euro to Naira Black Market Exchange Rate (EUR to NGN):
Buying Rate:1715
Selling Rate: 1680

Pounds to Naira Black Market Exchange Rate (GBP to NGN)
Buying Rate: 2040
Selling Rate: 2000

Dollar, Euro and Pounds To Naira Exchange Rate For Today, March 11 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: DollarEuro and Pounds To Naira Exchange Rate For Todayfederal characterMarch 11 2024.News
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

Who Are Morocco's 'GenZ 212' Protesters and What Do They Want?
News

Who Are Morocco’s ‘GenZ 212’ Protesters and What Do They Want?

October 4, 2025
Are ICE Tracking Apps a Security Risk? Behind Apple's Controversial Removal
News

Are ICE Tracking Apps a Security Risk? Behind Apple’s Controversial Removal

October 3, 2025
How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline
News

How Did the Manchester Synagogue Attack Unfold? A Minute-by-Minute Timeline

October 2, 2025
Next Post
Oyo Follows Lagos’ Lead: Styrofoam Ban Sparks Debate

Oyo Follows Lagos' Lead: Styrofoam Ban Sparks Debate

Real Madrid Star Diaz Snubs Spain for Morocco! Was He Right?

Real Madrid Star Diaz Snubs Spain for Morocco! Was He Right?

2024 Cholera Outbreak Affects Africa and Middle East

2024 Cholera Outbreak Affects Africa and Middle East

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended

Graham Potter Explains His Decision to Bench Aubameyang As Chelsea Looses Points Against Brentford.

Graham Potter Explains His Decision to Bench Aubameyang As Chelsea Looses Points Against Brentford.

3 years ago
Chelsea Step Up Chase for Xavi Simons Amid Leipzig Interest in Chukwuemeka

Chelsea Step Up Chase for Xavi Simons Amid Leipzig Interest in Chukwuemeka

2 months ago
FG Promises to Cease Food Importation

FG Promises to Cease Food Importation

2 years ago
Benzema Announces Retirement From International Football.

Benzema Announces Retirement From International Football.

3 years 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

Barack and Michelle: A 33-Year Blueprint for Black Love and Power

Inside Seyi Shay’s Secret Past with Illuminati

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

Taylor Swift’s New Album Hints at Hidden Messages — Can Fans Decode Them?

Diddy Combs Sentenced — Read Full Details of the Court Ruling

Why Trump Shut Down the Government

Trending

Nigeria’s Grammy Contenders for 2026 Are In – Who Will Take the Spotlight?
Entertainment

Nigeria’s Grammy Contenders for 2026 Are In – Who Will Take the Spotlight?

byAyobami Owolabi
October 4, 2025
0

Submissions from Nigerian artists for the 2026 Grammy Awards have been made public. According to Grammy monitoring...

A New 'Iron Lady' for Japan? What to Know About Sanae Takaichi

A New ‘Iron Lady’ for Japan? What to Know About Sanae Takaichi

October 4, 2025
Who Are Morocco's 'GenZ 212' Protesters and What Do They Want?

Who Are Morocco’s ‘GenZ 212’ Protesters and What Do They Want?

October 4, 2025
Barack and Michelle: A 33-Year Blueprint for Black Love and Power

Barack and Michelle: A 33-Year Blueprint for Black Love and Power

October 4, 2025
Inside Seyi Shay’s Secret Past with Illuminati

Inside Seyi Shay’s Secret Past with Illuminati

October 4, 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

  • Nigeria’s Grammy Contenders for 2026 Are In – Who Will Take the Spotlight?
  • A New ‘Iron Lady’ for Japan? What to Know About Sanae Takaichi
  • Who Are Morocco’s ‘GenZ 212’ Protesters and What Do They Want?

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