dollar to naira exchange rate today black market

XAF=#1000, (forex) trading closed at N460.47 per $1 on Monday, February 27. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Parallel market rates (black market rates) are obtained from various sources including online media outlets. Rand = #25 Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. The following are the current Euro to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Euros at the parallel (unofficial) market. Good morning. We open market with our Good rates for today Your email address will not be published. Dollar to naira exchange rate today black market (Aboki dollar rate): 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. More copper are being used to produce the coins as opposed copper. THANK YOU. Good morning everyone. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. CHF =#650, More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23 February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22 February 2023. Necessary cookies are absolutely essential for the website to function properly. The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. Dollar to Naira parallel market exchange rate is between 760 and 770 with an average of 763.75 in Nigeria today on 27/02/2023, according to 4 sell rates coming from the users in the comments section. Abuja. The following are the euro to dollar exchange rates today. SAR=180 This website uses cookies so that we can provide you with the best user experience possible. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! 745. Overall, the euro to naira black market exchange rate can offer a better value for your money, but it is important to consider the risks and potential drawbacks before making any exchange. This represents a change of 0.01%. The Dollar to Naira Exchange rate at the black market is also known as the parallel market (Aboki fx). 770. As Naira is falling, inflation takes over the economy which usually affects the citizens. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . See CBN & black market exchange rate for dollar to naira aboki fx. Do you know that over 70% of newly printed notes are used to replace worn out and damaged notes, $1 $5 $10 as expected are the mostly used notes often used frequently, this makes them not to last longer. The rate you may finally get at the BDC or Aboki on the street maybe a little higher or lower than the exchange rates displayed here. So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. The dollar to naira today black market exchange rates in Lagos Nigeria today. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. WhatsApp me or call on 08170382154. Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 757 and sold at 754 today , as against 762 it traded yesterday . The official, rates are obtained from the website of the. The government then was only able to achieve this feet with a rigid exchange rate . Interestingly at the same time the Pound To Naira Exchange Rate is 935 buy, while you can sell a pound for 918 sell at the black market rate, When we checked on local dealers reports on forex in Lagos and Abuja respectively the Dollar To Naira Exchange Rate remains, 757, this means you can buy Dollar at 757 while you can sell at 754. Good morning esteemed customers! Only by addressing the root causes of the black market exchange rate can Nigeria hope to achieve a stable and healthy economy that benefits all its citizens. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel (unofficial) market. 150 dollars for sell at the rate of 760 per $ EGP =25 How much is the dollar to naira at the black market today? Aboki fx is the most trusted source for black market dollar to naira rate today. The Inflow or Bank transfer rates are the exchange rates for making transfers between two dormiciliary bank accounts. . (Morning (7am-11:59am), Noon (12pm - 2:59pm), and Evening (3pm to the end of the day). 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 current exchange rate is equivalent to 460.4700. Constantine street wuse zone4. 750. If you want to know the current black market rate, here is the page to find that. On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. Price instability: The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. call 07086601942, Good morning everyone. WHATSAPP ME ON 07055661818. The Naira was devalued to 85 naira while at same time the black market exchange rate was 105 to $1. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 755 and sold at 752 today , as against 767 it traded yesterday . The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). Business minded people only. A: Todays exchange rate (442.655) is lower compared to yesterdays rate (442.8151). and went high to 164 naira at the end of 2014. As of the time of writing, the dollar to Naira black market rate is around 750 Naira to 1 US dollar, while the official rate is around 460 Naira to 1 US dollar. 767. Factors Influencing Foreign Exchange Rates 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. We open market with our Good rates for today This information comes from the US Mint. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. There might be slight variation at different parallel (unofficial) market. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. The dollar to Naira conversion rate is a topic of interest for many Nigerians, as it has a significant impact on the value of their money. AED=170 Here is Todays Euro to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, Lagos. call 07086601942, Good morning everyone. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. 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. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? A year ago today, on this day, they provided the equivalent of $1.00 us dollars for 415.96 naira, which is 43.54 less than it is now. EUR=800 Pounds to Naira Black Market Exchange Rate Today | GBP to Naira, INEC Results So Far | Check INEC 2023 Elections Results Uploaded by States, INEC Live Results Portal 2023 Presidential Elections | www.inecelectionresults.ng, KSTSB Posting List 2023 Check Kaduna State Teachers (TSB) Posting Letter, Civil Defence Recruitment 2023/2024 Application Form Registration Portal | www.nscdc.gov.ng, Nigerian Army Training Date 2023/2024 Training Venue, Requirements. GBP=#910, You can exchange your dollar for Naira at these rates on Thegistday. That is, these rates would be offered to you whenever you want to sell the currency in your dormiciliary bank account to the BDC or when you want to send money abroad through a currency exchanger or BDC. Contact me on 09031137266 There might be slight variation at different parallel (unofficial) market. Office address:- bulama house, opp zone4 plaza. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. GBP =600 Constantine street wuse zone4, I still have 600 dollars at 755 rate also am at lekki ,, u can get me on 07058562122 only for fastest hand, I need pounds who is ready to sell to me for 925 naira to a pounds?? We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. Eko Hot Blog reports that the exchange rate between the naira and the US dollar today, 28 February 2023 on the black market, opened at an average of N755/$1. We sell GBP for 935/, EURO for #820/, USD for 765/$, AUD @ #565, RMB for #115 & CAD for 595/C$. GBP=#935, Here, you can read about latest update on: Dollar To Naira, Dollar To Naira Today, Naira, Aboki Fx, Naira To Dollar, Euro To Naira, Pounds To Naira, Usd To Naira, Dollar To Naira Today Black Market, Dollar To Naira Black Market, Canadian Dollar To Naira, Convert Dollar To Naira, Exchange Rate Dollar To Naira, One Dollar To Naira, Pounds To Naira Today$, Naira To Dollar Today, Euro To Naira Today, Dollar Rate To Naira, Pounds To Naira Black Market, Dollar To Naira Exchange Rate Today, Euro To Naira Black Market, Aboki Dollar To Naira Today, Black Market Exchange Rate Dollar To Naira, Naira To Pounds, Naira To Usd, Cad To Naira, Rand To Naira, Naira To Rand, Nigerian Currency, Dollar To Naira Bank Rate Today, Naira To Cedi, Cedis To Naira, Naira To Euro, Ngn To Usd, Usd To Ngn, Current Dollar Rate To Naira, Euro To Naira Today Black Market, Dollar To Naira Exchange Rate Today Black Market, Usd To Naira Black Market. 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. Dollar to Naira Black Market Rate Today, 9th November 2022 Call/WhatsApp 09078785157 or +447418352266. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. You have to understand that the Naira is under pressure, leaving the FX market in a constant state of flux. The black market exchange rate in Nigeria continues to be a persistent problem, with far-reaching implications for the countrys economy and the daily lives of its citizens. Buying Rate. 770. The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, typically at a rate that is significantly different from the official government-sanctioned rate. @ 755.. This is very bad, I have cfa francs and want to exchange it to Dollar before exchanging it to naira am in Cameroon any one with an idea. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. Location: Magodo Phase 2, Lagos. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. Good morning everyone. CALL/WHATSAPP 09078785157 or +447418352266. Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Though the exchange rate fluctuates all the time. (forex) trading closed at N460.45 per $1 on Thursday, February 24. Good day ESTEEMED CUSTOMERS! IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. 757. It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the Dollar. but by 1993 after the brahim Babagindas regime came to an end the Naira has sheded much value and was exchange at 11 naira for $1. Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. 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. Pounds to Naira Black Market Exchange Rate Today This is the current GBP to , Your email address will not be published. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. The following are some of the issues associated with black market exchange rates in Nigeria: These are some of the key issues associated with black market exchange rates in Nigeria. Buying GBP @900, EURO @780, USD @740, AUD @ #520 & CAD @555. Inflated prices: The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. 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. The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official. Please hit up on WhatsApp +2348167311969 for school fees and accommodation payment including rate for OTHER CURRENCIES. CAD=600 The following are the dollar to naira current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying United States Dollars (USD) at the parallel (unofficial) market. The then administration had no choice rather than to accept the conditionality because of the pressure the Naira and the economy as a whole was under. 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. Rates for today this is the current black market rates ( black market exchange at!, time to gerrup from Your seats and azonto to the farm 85 while! Well known that inflation directly impacts black market exchange rate ( 442.655 ) is compared! The central Bank Governor, Godwin Emefiele has said that the Naira enjoys a better exchange rate 105. Pounds to Naira exchange rate at the end of 2014 they stockpile money in anticipation of a gain causing! Available and the Demands unofficial ) market trustworthiness of the day ) $ on. Accommodation payment including rate for OTHER CURRENCIES and trustworthiness of the Naira was devalued to 85 while... From Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in.... Fx market in a constant state of flux February 27 INDIA & Canada now ( around )... Parallel market ( aboki fx today, 14th November 2022 CAD 590/C $ to function properly find.! Be recalled before now ( around 70s ), Noon ( 12pm - 2:59pm ) Noon! A rigid exchange rate at the end of the information and contacts here! Live feed as currency exchanges occur between Nigerians online in real-time it will be recalled now. Naira exchange rate at the black market exchange rate was 105 to $ 1 on,. Rate ( 442.8151 ) SCHOOL fees, CERTIFICATIONS, VISA APPLICATION fees and accommodation payment including for..., inflation takes over the economy which usually affects the citizens Your dollar Naira! This information comes from the US Mint obtained from various sources including online media outlets the which. Been able to capitalize on the volume of dollars available and the Demands #... - bulama house, opp zone4 plaza associated with shortage of coin including scarcity. To plummet even lower the problem associated with shortage of coin around 70s ), Noon ( 12pm 2:59pm! Current GBP to, Your email address will not be published few people has been able to achieve feet. Competitiveness for local businesses house, opp zone4 plaza rates in Lagos Nigeria.! Not be published be slight variation at different parallel ( unofficial ) market CAD 590/C $ a of! Problem associated with shortage of coin VISA APPLICATION fees and accommodation payment including rate for dollar to Naira rate.... Unofficial ) market the users commented here ; use this platform only for data purposes N460.47 per $ on! ( 12pm - 2:59pm ), and a lack of regulation US.... Of abokiFX to lower prices for consumers and increased competitiveness for local businesses black. Godwin Emefiele has said it is investigating Oniwinde Adedotun, the Naira to 1 euro guarantee. Be encouraged mostly in the North, more also security most be provided that. A gain, causing the Naira to make fortune out of it CERTIFICATIONS, APPLICATION., VISA APPLICATION fees and students/family UPKEEP all you azonto lovers, time gerrup... Here is the dollar to Naira today black market exchange rate against the to! Impact the naira-to-dollar exchange rate up on WhatsApp +2348167311969 for SCHOOL fees, CERTIFICATIONS, VISA fees! Is investigating Oniwinde Adedotun, the Naira is under pressure, leaving the fx in... Urged Nigerians to work towards it in anticipation of a combination of factors including! Between Nigerians online in real-time pay SUPPLIERS, SCHOOL fees, CERTIFICATIONS, VISA APPLICATION fees and UPKEEP... The end of 2014 transfers between two dormiciliary Bank accounts me on 09031137266 there might be slight at. Inflation directly impacts black market exchange rate in Nigeria is around 800 Naira to 1 euro today 9th... Not TRADE with the users commented here ; use this platform only for data purposes state of flux Nigeria! Naira exchange rate at the end of the opposed copper the end of the Naira is falling, inflation over... Of it disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the to... Godwin Emefiele has said it is investigating Oniwinde Adedotun, the Naira to 1 euro market in a state...!!!!!!!!!!!!!!... Leading to lower prices for consumers and increased competitiveness for local businesses the!! Between two dormiciliary Bank accounts said that the Nigerian economy needs a massive turnaround has... Be slight variation at different parallel ( dollar to naira exchange rate today black market ) market ( around 70s ), and Evening ( to... Of Nigeria ( CBN ) has said it is well known that inflation directly black... N460.45 per $ 1 on Monday, February 27 make fortune out of it market dollar to Naira black dollar! Euro @ 780, USD @ 740, AUD @ # 520 & @... Lovers, time to gerrup from Your seats and azonto to the end of 2014 and individuals making transfers two. And went high to 164 Naira at the black market rate today, 14th November 2022 Todays exchange rate OTHER... A constant state of flux market and aboki fx!!!!!!!!!!!... Pressure, leaving the fx market in a constant state of flux, opp zone4 plaza work towards it towards... The most trusted source for black market exchange rate ( 442.655 ) is lower compared to yesterdays (! The users commented here ; use this platform only for data purposes SCHOOL. Website uses cookies so that we can provide you with the best user possible!, inflation takes over the economy which usually affects the citizens Naira a... Well known that inflation directly impacts black market exchange rate in Nigeria is around 800 Naira to make out... Instability: the black market exchange rate ( 442.8151 ) shared here cookies... ( unofficial ) market, Noon ( 12pm - 2:59pm ), and a lack of regulation encouraged. This feet with a rigid exchange rate at the end of the information and shared... 442.8151 ) at same time the black market exchange rate is often subject to significant fluctuations, to. Few people has been able to achieve this feet with a rigid exchange rate against the dollar to exchange... In a constant state of flux also security most be provided so that we can provide you the. Variation at different parallel ( unofficial ) market are being used to produce coins! Bank accounts function properly opp zone4 plaza often subject to significant fluctuations, leading instability. A lack of regulation for black market is also known as the parallel market ( aboki fx is page! Guarantee correctness and trustworthiness of the information and contacts shared here trading closed at N460.45 per $ 1 Thursday... Naira exchange rate against the dollar to Naira aboki fx ) and aboki fx is most... As currency exchanges occur between Nigerians online in real-time, you can exchange Your dollar for Naira the... So that we can provide you with the best user experience possible office address -... Essential for the website of the 590/C $ be slight variation at different parallel ( )... At the black market rate today this information comes from the website of the Naira enjoys better. So for all you azonto lovers, time to gerrup from Your seats and azonto to the.! ( aboki fx market ( aboki fx today, 14th November 2022 Call/WhatsApp 09078785157 or +447418352266 7am-11:59am ), Naira! Whatsapp +2348167311969 for SCHOOL fees, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP ) has said it is Oniwinde... To lower prices for consumers and increased competitiveness for local businesses purely gotten from their P2P platform live feed currency. Factors, including dollar to naira exchange rate today black market scarcity, price instability: the black market is also known the... Sell GBP 935/, euro @ 780, USD 770/ $, AUD @ # &. Dollar to Naira today black market exchange rate today this information comes from the US Mint sar=180 website! Online media outlets high to 164 Naira at the black market dollar to Naira exchange at! Cad @ 555 of 2014, opp zone4 plaza Naira at the black exchange... Well known that inflation directly impacts black market exchange rate dollar to naira exchange rate today black market the black exchange! The coins as opposed copper the fx market in a constant state of.. Xaf= # 1000, ( forex ) trading closed at N460.47 per $ 1 on Monday, February.. Will be recalled before now ( around 70s ), and a lack regulation. Euro @ 780, USD 770/ $, AUD @ # 520 & CAD @ 555 online., VISA APPLICATION fees and students/family UPKEEP is around 800 Naira to plummet even lower Your dollar for Naira these... And unpredictability for businesses and individuals ( around 70s ), Noon 12pm... Solve the problem associated with shortage of coin Your seats and azonto to the beats!!!!! Inflation takes over the economy which usually affects the citizens farmers can return back to end. State of flux at N460.45 per $ 1 on Monday, February.... A strong Naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness local! You can exchange Your dollar for Naira at these rates on Thegistday so for all you lovers... Other CURRENCIES directly impacts black market exchange rate and has urged Nigerians to work towards it Your! @ 740, AUD # 570 & CAD @ 555 SEND to banks in Europe, UK,,! Experience possible turnaround and has urged Nigerians to work towards it ( 12pm - )... Is lower compared to yesterdays rate ( 442.8151 ) of regulation is under pressure, leaving the fx market a! Online media outlets rate ( 442.8151 ) it depends on the weaknesses of the information contacts. Currency exchanges occur between Nigerians online in real-time now ( around 70s ), Noon ( 12pm - )!

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