Connect with us

Cryptocurrency DOLLAR TO NAIRA EXCHANGE RATES Headlines

Naira Falls Further As Naira To Dollar Hits All-Time-High In P2P Market
Advertisement

Cryptocurrency Entertainment & Lifestyle Headlines

Davido's Crypto Coin $Davido Hits $10M Market Cap Less Than 24Hrs After Launch

Cryptocurrency Headlines

Mastercard Partners Kima To Take One Step Closer to ‘DeFi Credit Card’

Cryptocurrency

Naira Falls Further As Naira To Dollar Hits All-Time-High In P2P Market

Published

1 year ago

on

By

Black Market Pounds to Naira Rate Today, how much is pounds to naira today in black market, abokifx pounds to naira, 4million pounds to naira, 100 pounds to naira, 1,000 pounds to naira, 100 pounds to naira black market, aboki exchange rate in nigeria today, 50 pounds to naira, how much is dollar to naira today in black market, 1 pound to naira black market, pounds to naira exchange rate today, pounds to naira aboki, dollar to naira yesterday, black market exchange rate, 100 pounds to naira, how much is 1,000 pounds in naira, Pounds To Naira Black Market, Pounds To Naira Black Market

The Nigerian Naira falls further against the U.S. Dollar in the P2P Market today, Wednesday, as the Naira to USDT is exchanged for a new rate.

BrandNewsDay understands that the P2P Market is known as the peer-to-peer market where buyers meet sellers to exchange cryptocurrencies for naira, especially, USDT (stablecoin), which surged to its all-time-high today as NGN fiat traded 1100 to USDT.

The cryptocurrency- USDT to Naira is presently trading at N1100 at the popular and leading Crypto Exchange, Binance. The USDT to Naira which opened at N1085 on Wednesday morning eventually jumped to N1100 witnessing a change of about N15 before noon.

Advertisement

As of the time of this writing, the official currency which is presently at about N1045 at the parallel market otherwise known as the Black Market, showing a weak entry for Naira as it might surge against the Dollar to N1100 before the end of the month.

P2P Market

P2P Market, Naira to USDT

Notably, the P2P market is one of the market determinants for the dollar-to-naira exchange rate in the black market as it records higher prices before the local Black Market.

What you should know about the P2P Market

  • Peer to peer Market is known as the P2P Market.
  • It is becoming worrisome as the P2P determines the Black Market exchange rate for the US dollar.
  • Peer to peer Market feature was introduced on Binance in 2021 after the Buhari-led administration, under the watch of the then CBN Governor Godwin Emefiele banned Nigerian Banks from accepting crypto funds.
  •  Peer to Peer market exchange USDT (United States Dollar Tether) to Naira and exchange Naira for USDT.
  • The P2P market price varies from the Aboki Rate forex -Black Market exchange rate, oftentimes, a higher value to Naira.
  • Any users of Binance (as it is the only crypto exchange in Nigeria with P2P features) can buy and sell USDT on the crypto App without limitation.
  • There are verification processes to be examined by the admin(s) before exchanging coins and funds between the buyers and sellers.
  • A higher rate of security is certain.
  • P2P on local social platforms (Telegram/WhatsApp) to follow through group escrows before coins/funds are released.
Facebook Comments
Related Topics:
Advertisement
Warning: Undefined variable $post in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5317 Warning: Attempt to read property "ID" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5317 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Undefined variable $rows in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Trying to access array offset on value of type null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322 Warning: Attempt to read property "seo" on null in /customers/e/a/5/brandnewsday.com/httpd.www/wp-content/plugins/schema-and-structured-data-for-wp/admin_section/common-function.php on line 5322