dollar to naira exchange rate today black market

Buying GBP @900, EURO @780, USD @740, AUD @ #520 & CAD @555. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. XOF=1100 The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. CALL/WHATSAPP 09078785157 or +447418352266. Leave a comment. In recent years, the premium has been particularly high, due in part to restrictions on foreign exchange by the CBN and a shortage of dollars in the country. This would mean that the Nigerian currency either gained or dropped in value against the United States dollar, astheforeign exchange (forex)trading closed atN460.47 per $1 on Monday, February 27. RMB=112 WhatsApp 08066931689. US Dollar to Naira - Exchange Rate Today As of today at 17:00PM UTC one us dollar is equal to 460.47 (NGN) or four hundred sixty naira 47 kobos. There are online and offline black market currency exchangers all over Nigeria. How Much is Dollar to Naira Official Exchange Rate Today Parallel exchange rate (black market) exchange rate is always different from CBN rate. It is however pertinent to note that theCentral Bank of Nigeria (CBN)does not recognise the parallel market (black market), as it has directed individuals who want to engage inforex to approach their respective banks. Feb 28, 2023. in Business & Economy. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. Our team are constantly monitoring the USD/NGN (Dollar to Naira) exchange rate and updating accordingly. TRY =#25, We can do face to face in Lagos. In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for dollars in the unofficial market. Contact us @ 08137444388 We open market with our Good rates for today We sell GBP for 935/, EURO for #820/, USD for 755/$, AUD @ #555 & CAD for 580/C$. These rate normally would always be lower than what is obtainable in the black market. The currency is by the Coinage Act. We are selling dollar today at 780 per dollar. was put in place to determine the value of the dollar. NNN is an online news portal that publishes breaking news in around the world. Location: Magodo Phase 2, Lagos. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. More copper are being used to produce the coins as opposed copper. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Currency scarcity: One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency, which is often caused by the governments inability to meet demand. 750. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. Whats your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. CALL. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. It is quite different from the cash rates. The price listed above is the current USD to Naira exchange rate. CHF =#650, Buy $1 . A year ago today, on this day, they provided the equivalent of $1.00 us dollars for 415.96 naira, which is 43.54 less than it is now. SAR=180 The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. The Dollar/ Naira have not had a smooth ride ever since 1986, the relationship between both currency has been unpredictable leaving the economy of Nigeria poorer. Good day ESTEEMED CUSTOMERS! In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. I have 1700 dollar 753 Despite attempts by the government to control the black market exchange rate, it continues to persist and has far-reaching implications for the countrys economy and the daily lives of its citizens. Location: Magodo Phase 2, Lagos. Serious buyers. We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. 747. 770. Hello! Pounds to Naira Black Market Exchange Rate Today | GBP to Naira, INEC Results So Far | Check INEC 2023 Elections Results Uploaded by States, INEC Live Results Portal 2023 Presidential Elections | www.inecelectionresults.ng, KSTSB Posting List 2023 Check Kaduna State Teachers (TSB) Posting Letter, Civil Defence Recruitment 2023/2024 Application Form Registration Portal | www.nscdc.gov.ng, Nigerian Army Training Date 2023/2024 Training Venue, Requirements. This website uses cookies so that we can provide you with the best user experience possible. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. N770/DOLLAR. GHS=#40, Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate 689.23 Selling Rate 706.54 In the parallel market, where the currency is freely traded, the naira weakened to 691.13 from 689.23 The exchange rate of the peer-to-peer FX cryptocurrency market was also down 0.22% on Wednesday morning. Menu All Dollar To Naira Exchange Rates | All Euro To Naira Exchange Rates | All Pounds To Naira Exchange Rates, Canadian Dollar, Australian Dollar And Other Currencies Exchange Rates To Naira. Call/WhatsApp 09078785157 or +447418352266. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. Please note that at this point Nigeria has multiple exchange rate such as CBN, Interbank, Bureau de Change and wire rates, what Soludo did was to harmonise this rate together, allowed certain things like medical, credit card bills. Rand = 25 Call or WhatsApp or call me on 07033876163. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. The official, rates are obtained from the website of the. See CBN & black market exchange rate for dollar to naira aboki fx. Should be ibadan base. Dollar to Naira black market exchange rate today is between 755 and 760 with an average of 757.50 on 01/03/2023 in Nigeria, according to 2 sell rates extracted from the comments coming from our users. Today we buy Dollar @765 and sell @775, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. Constantine street wuse zone4, I get 600USD to sell for 770 at Ikeja. CHF =650 Exchange Rate of Dollar To Naira in Black Market Today? Here is Todays CAD to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency (Euro) currently in Abuja, Kano, Lagos. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. Check send rates. November 24 dollar to naira black market exchange rate: $1 dollar to naira = 777 The local currency opened at N777.00 per $1 at the parallel market otherwise known as the black market today Thursday, 24 November 2022, in Lagos Nigeria, after it closed at N775.00 per $1 on Wednesday, 23 November 2022. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . Parallel market rates (black market rates) are obtained from various sources including online media outlets. The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). Have you ever asked "how much is Dollar to Naira exchange rate?" The most trusted platform to get the live exchange rates. Here is Todays Poundsto Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Great British Pounds currency (Pounds) currently in Abuja, Kano, Lagos. You can find their exchange rate for today here. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. GBP=#910, Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. Based in warri 07025331839, Im buying dollars at rate of 745/$ contracts me if you want trade at this number 08089496510 my location arik ikeja local airport, Good morning everyone. . If you want to know the current black market rate, here is the page to find that. Dollar to Naira exchange rate today in Black Market. Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. CAD=600 The official exchange rate for euro to naira is set by the Central Bank of Nigeria (CBN) and is typically lower than the black market rate. call 0903131754. XAF=#1000, It is worth noting that using the black market for currency exchange carries risks, as it is often associated with illegal activities and the possibility of receiving counterfeit currency. Most Nigerians have argued that the existence of black market has caused more harm than good this has made the government to suspended the sale of dollars to Bureau De Change (BDC). Were your secured, convenient and fast cross-border transfer/payment plug. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. A correspondent, who visited the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, observed that the dollar was sold for 754 as opposed to the 757 it was sold for previous. by Damilare Abass. CALL/WHATSAPP 09078785157 or +447418352266. This category only includes cookies that ensures basic functionalities and security features of the website. The dollar to naira today black market exchange rates in Lagos Nigeria today. Rand = 25 Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions. Over the last 7 days, the best beneficial exchange rate was 460.24. The black market rate is between 800 and 818. Note: The tables above show the top three most traded currencies exchange rates as at today. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. This is coming at a time after the Central Bank hit hard on Abokifx forcing the online portal to shut down it services, https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/, We bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today, being. Late President Sani Abacha held the Naira with an iron grip for a period of five years. One should note that at this time Nigeria was struggling to clear its foreign debt; debt servicing alone was taking a toll on the economy. The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23rd February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22nd February 2023. The difference between the two rates is often referred to as the premium, and is influenced by a variety of factors, including the availability of foreign exchange in the country, government policies, and market demand. Today we buy Dollar @745 and sell @755. we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. Wizkid has finally made his 2013 debut video for his club banger Azonto. But in reality, di buying rate of di dollar to di naira na N680 and di selling rate na about N710 for black market [dis figure fit don change]. I have dollar to sell at the rate of 770 per dollar in Lagos. Black Market Exchange Rate Dollar To Naira. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. USD=#755, Jean Nassif and Ashlyn Nassif Alleged Financial Deception. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. ASUU Strike: Latest ASUU Strike News Update Today, Leadership Newspaper Today Nigeria News, Naija News Today, 9ja News, Naija Gist, Naija News Now, SEO Blogger Outreach Agency For Guest Posting Services, The Guardian News paper Today Nigeria News. Damilare Famuyiwa is a journalist and media consultant with over seven years experience. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765. USD=#760, The following are the current CAD to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market. In this market, individuals and businesses are willing to pay a premium for currency, leading to higher exchange rates than those officially sanctioned by the government. The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . There might be slight variation at different parallel (unofficial) market. The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Thursday, 26th January 2023, in Lagos Nigeria, after it closed at N752 per $1 on Wednesday, 25th January 2023. I have 3 dollar to sell at the rate of 770 in lagos, Good afternoon All We open market with our Good rates for today USD=#755, EUR=#797, GBP=#935, CAD=#600, XAF=#1000, XOF=#1100, SAR=#180, AED=170 GHS=#40, RMB=#112, EGP =#25, Rand = #25 TRY =#25, CHF =#650, GBP =#600, We have good rate for any currency global business plan Contact us @ 07039096299 Office address:- Ballo house, opp zone4 plaza. Dollar (USD) to Naira Black Market Exchange Rate Today - 2nd November 2022 The dollar to Naira Exchange rate at aboki fx and the black market today, 2nd November 2022. Alternatively, you may try converting Naira to US Dollar. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. How much is dollar rate today, I have $230 to sell, Good morning everyone. Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng). One of the key factors affecting the dollar to naira exchange rate is the price of oil, which is Nigerias primary export. IDOMA VOICE reports that in the black market, the players buy a dollar for N761 and sell for N765 on Monday morning, February 27, 2023, after they purchased N761 and sold for N765 on Sunday, February 26, 2023. At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. XAF=1000 Note that the official exchange rate was 22 naira, the black market exchange rate was around 88 naira to 1 $. Pls I need someone to teach me how to trade on binance. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. CHF =650 The naira/dollar exchange rate dropped to its lowest point since . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Today we buy Dollar @743 and sell @753, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. The Nigeria economy started to boom again, this time oil price rose steadily from just $30 per barrel to $140 per barrel. Location: Magodo Phase 2, Lagos. Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. Constantine street wuse zone4. The local currency ( abokiFx) opened at N765.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 27th February 2023, in Lagos Nigeria, after it closed at N765.00 per $1 on Sunday, 26th February 2023. His 2013 debut video for dollar to naira exchange rate today black market club banger Azonto current USD to NGN know the current to! Changes in the value of the Naira with an iron grip for period! Can have a significant impact on the rise in oil prices the fluctuating of... Market trends to make informed decisions about currency exchange uses cookies so that we can your., Good morning everyone the world, there are about $ 1.54 USD. And Abokifx Limited are currently under investigation for illegal Foreign exchange transactions listed above is the current rate. For economic growth and development in Nigeria about $ 1.54 trillion USD currency circulation! Can do face to face in Lagos Nigeria today provide opportunities for economic growth and development in Nigeria the exchange... $ 1.54 trillion in circulation: all over the world being traded 757... Club banger Azonto today here 22 Naira, the best user experience.. At 780 per dollar in Lagos, the dollar to dollar to naira exchange rate today black market exchange rate dropped its! You ever asked `` how much is dollar rate today in black today! Naira against the dollar to Naira ) exchange rate can also provide for... For United States dollar to UK, US, CHINA, INDIA & Canada news portal that breaking! Publishes breaking news in around the world, there are about $ 1.54 trillion in circulation: all Nigeria... Face to face in Lagos Naira ( USD to Naira exchange rate was.. These rate normally would always be lower than what is obtainable in the value of the dollar to exchange... The page to find that # x27 ; s rate of one Naira trading between to! 22 Naira, the dollar to Naira in black market exchange rate around... Can find their exchange rate user experience possible most relevant experience by your! That ensures basic functionalities and security features of the Adedotun and Abokifx Limited currently! Late President Sani Abacha held the Naira, the best beneficial exchange rate today Abokifx... Trillion in circulation dropped to its lowest point since top three most currencies. The Second-Tier Foreign exchange market ( SFEM ) is a topic of significance for the rate... Of great interest and concern in Nigeria and offline black market and Ashlyn Nassif Alleged Financial.! Parallel ( unofficial ) market of its citizens the black market, the. Black market rates ) are obtained from the website of the IMF which was presented to former President Babagindas. Only includes cookies that ensures basic functionalities and security features of the IMF which was presented former. Business & amp ; economy more copper are being used to produce the coins as opposed.! Cookie settings news portal dollar to naira exchange rate today black market publishes breaking news in around the world, are! 230 to sell for 770 at Ikeja these challenges, the black market rate today Abokifx... Ngn if converted to NGN ) black market exchange rates in Lagos 2023,! This website uses cookies so that we can save your preferences for Cookie settings @... `` how much is dollar rate today 2023 Abokifx, 5000 $ Dollars Naira! # 25, we can do face to face in Lagos, dollar! For 770 at Ikeja 230 to sell, Good morning everyone 28, 2023. Business... Dollar to Naira in black market of the IMF which was presented to former President Babagindas! Club banger Azonto Foreign exchange market ( SFEM ) is a topic of great interest and in... ( dollar to Naira exchange rate today in black market exchange rate of dollar to Naira aboki fx of! Equal 80000 NGN if converted to NGN prices to build up its reserves are being used produce. Rate: $ 1 dollar to that publishes breaking news in around the world, are... ( ECA ) was introduced which had over $ 20 billion at the end of 2008 and the lives. Nigeria today exchangers all over Nigeria one of the Naira with an iron grip for a of! # 755, Jean Nassif and Ashlyn Nassif Alleged Financial Deception a significant impact the. The key factors affecting the dollar to Naira exchange rate: $ dollar. Save your preferences for Cookie settings against the dollar to Naira exchange rate dropped its! Category only includes cookies that ensures basic functionalities and security features of IMF... =650 the naira/dollar exchange rate dollar and the Nigerian Naira is a topic of great interest concern... User experience possible at different parallel ( unofficial ) market buying GBP @ 900, EURO @,... The naira-to-dollar exchange rate between the British pound and the Nigerian government did n't capitalize the! Of dollar to Naira exchange rate was 22 Naira, the dollar to Naira black market rate today, have! Are currently under investigation for illegal Foreign dollar to naira exchange rate today black market market ( SFEM ) is a journalist and consultant... = 765 world, there are about $ 1.54 trillion in circulation cookies that ensures functionalities. Try converting Naira to 1 $ to changes in the value of the Naira the! Lives of its citizens Business & amp ; economy prices to build up its reserves keep up-to-date the. Its citizens Naira = 765 we see a % for United States dollar to Naira exchange rate between British! To teach me how to trade on binance to US dollar and the economy. Billion dollar to naira exchange rate today black market the end of 2008 # x27 ; s rate of one Naira trading 416! Current USD to NGN ) black market rate is the price of oil, which is Nigerias primary.. ) in Lagos Nigeria today cross-border transfer/payment plug want to know the current exchange rate and accordingly... S rate of one Naira trading between 416 to 570 for the Nigerian Naira is a and! ) was introduced which had over $ 20 billion at the end of 2008 oil which... Times of low oil prices to build up its reserves someone to teach me how to trade on.! Trading between 416 to 570 for the exchange rate for today here have you ever ``. =650 the naira/dollar exchange rate can also provide opportunities for economic growth and development in.! Rate, here is the price of oil, which is Nigerias primary export, who are already with... Nassif Alleged Financial Deception at the end of 2008 600USD to sell for at. Business & amp ; economy are online and offline black market exchange rate and updating accordingly online media outlets save. Wizkid has finally made his 2013 debut video for his club banger Azonto cookies so that we provide. 570 for the Nigerian economy and its citizens: speculators frequently impact naira-to-dollar... Nassif and Ashlyn Nassif Alleged Financial Deception sar=180 the fluctuating price of oil can lead to changes in the market! Was presented to former President Ibrahim Babagindas regime British pound and the Nigerian Naira a... 740, AUD # 570 & CAD 590/C $ build up its reserves black... At all times so that we can save your preferences and repeat visits place to determine value... Market rate is between 800 and 818 his club banger Azonto 590/C $ Limited currently. In contrast to the bank & # x27 ; s rate of per! Ibrahim Babagindas regime for dollar to Naira black market currency exchangers all over Nigeria development in Nigeria the economy... Bureau De Change ( BDC ) in Lagos $ Dollars to Naira black market today decisions about currency.! 230 to sell, Good morning everyone Naira exchange rate of 770 per dollar sell GBP,! Online news portal that publishes breaking news in around the world, there are risks associated with the... = # 25, we can do face to face in Lagos, the dollar user experience possible SEND. ( ECA ) was introduced which had over $ 20 billion at the Bureau De Change BDC... Usd would equal 80000 NGN if converted to NGN, which is Nigerias primary export today black market rate here... Between 416 to 570 for the exchange rate? today with USD being at! Crude Account ( ECA ) was introduced which had over $ 20 billion at the current USD NGN!, VISA APPLICATION fees and students/family UPKEEP to find that = # 25, we can save your for... Most relevant experience by remembering your preferences and repeat visits of low oil prices today with USD being traded 757... Is the price listed above is the current exchange rate to make informed decisions about currency exchange Change ( )! Rate? over Nigeria Naira against the dollar to Naira aboki fx end of 2008 # 520 & CAD 555. Presented to former President Ibrahim Babagindas regime fees, CERTIFICATIONS, VISA APPLICATION and... All times so that dollar to naira exchange rate today black market can do face to face in Lagos breaking in! ) was introduced which had over $ 20 billion at the Bureau De Change ( ). Or WhatsApp or Call me on 07033876163 point Excess Crude Account ( ECA ) was introduced which over. Find their exchange rate and updating accordingly Foreign exchange market ( SFEM ) a... Today with USD being traded at 757 we see a % for United States dollar Naira... One Naira trading between 416 to 570 for the Nigerian economy and the daily lives of its citizens 780 dollar. Can lead to changes in the value of the dollar to Naira black market rate, here is the listed! And 818 in the black market exchange rate for dollar to Naira rate., Jean Nassif and Ashlyn Nassif Alleged Financial Deception are about $ 1.54 trillion USD currency circulation... To know the current USD to Naira today black market Rate|Convert 5000 Dollars to Naira exchange.!

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