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. and went high to 164 naira at the end of 2014. Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions. There might be slight variation at different parallel (unofficial) market. SAR=180 The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). GHS=40 Today we buy Dollar @744 and sell @754, 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. During this time there were no need to buy forex in the black market or bureaux de change, exchangers were thrown out the market. 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. VI LAGOS. The dollar to naira today black market exchange rates in Lagos Nigeria today. An exchange rate of N412.76/$1 was the highest rate recorded during intra-day trading before it settled at N410.38/$1, while it sold for as low as N400/$1 during intra-day trading. 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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 existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. 459.57 665 Nigerian Nairas. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. Be on the lookout for any changes, ready up-to-date. The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Thursday, Oc tober 20 2022, in Lagos Nigeria, after it closed at N740.00 per $1 on Wednesday 19, October 2022. 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. 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. 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. Expert now suggests that this gave birth to forex black market. Selling Rate. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . 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. Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. Good day ESTEEMED CUSTOMERS! although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. READ ALSO: US Dollar To Naira Black Market Exchange Rates Today Monday, 15 August 2022 The exchange rate between the Naira to US dollar, according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at 414.69 per dollar Today Tuesday, 31 May 2022, after the dollar to naira yesterday - Monday, May 30, 2022, closed at 415.69 per $1. The currency is by the Coinage Act. Another factor affecting the dollar to naira exchange rate is the level of government intervention. call 07086601942, Good morning everyone. Required fields are marked *. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to naira last traded between N755 and N765 with an average of N761.67 in the black market in the state. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. The current exchange rate is equivalent to 459.5000. . CHF =650 2023 Naira Black Market. EGP =#25, The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. USD=#760, Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. In the majority of cases, this data is sufficient to predict future changes. Good morning everyone. 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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. In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for pounds in the unofficial market. call 07086601942, Good morning everyone. RETURN TO HOMEPAGE TO SELL IT TO BUYERS NEAR YOU, **Please note, all the exchange rates published on this site are for information purposes. The Black market is oftentimes seen as an underground economy run by dealers that are not authorized by the government but who run a trusted connection with those who are authorized, usually the Bureau de Changers. Buying Rate. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. The rates you buy or sell forex may be different from what is captured in this article. GO TO HOMEPAGE TO SEE HOW TO DO IT. 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. I have dollar to sell at the rate of 770 per dollar in Lagos. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. 767. 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. 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. Government intervention: In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. GBP =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. Office address:- bulama house, opp zone4 plaza. 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. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Location: Magodo Phase 2, Lagos. Black Market Dollar To Naira Aboki Exchange Rate Today Even though the dollar to naira opened in the parallel market at 725 per $1 today, BrandNewsDay reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. 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. The dollar-to-naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. Things did not get much better as most people expected; at least a weaker naira should help the economy. The local currency 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 per $1 on Sunday, 27th February 2023. The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, usually at a rate that is significantly different from the official government-sanctioned rate. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. @ 755.. Constantine street wuse zone4, I get 600USD to sell for 770 at Ikeja. SAR=180 We open market with our Good rates for today Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. USD has been traded at 762 when Black Market closed last week on Friday, February 24, 2023. Interestingly at the same time the Pound To Naira Exchange Rate is 935 buy, while you can sell a pound for 918 sell at the black market rate, When we checked on local dealers reports on forex in Lagos and Abuja respectively the Dollar To Naira Exchange Rate remains, 757, this means you can buy Dollar at 757 while you can sell at 754. Million of Dollars are printed daily: its on record that over 38 million notes are being printed on daily basis, the worth of this is being pegged at 541 million Dollars. CAD=#600, SAR=#180, We sell Pounds Sterling GBP for 935/, EURO for #815/, USD for 750/$, Australian Dollar AUD @ #555 & Canadian Dollar CAD 580/C$. Dollar to naira,on Wednesday, March 1, 2023, opened at (undisclosed) at theInvestors & Exporters FX window( I&E FX Window), where the currencies officially trade. 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. Convert foreign currencies instantly with the Abokifx calculator. Rand = 25 USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. Interest Rates: Another tool to keep an eye on is interest rates. A United States Dollar ($1) was exchange at 90 kobo. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. Conveniently pay SUPPLIERS , SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Just drop ur number I would chat u up. SAR=#180, Location: Maiduguri. Your experience on this site will be improved by allowing cookies. To pay for this we need to make use of a universal acceptable mode of payment which is the US Dollar. 747. BizWatchNigeria.Ng is a sector-based online news and business intelligence portal managed by Bizwatch Nigeria Limited.We point you to the latest news, information and business intelligence on your business sector, at the click of a button, on a daily basis. All Rights Reserved. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. The price listed above is the current USD to Naira exchange rate. Good morning. 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. Yes he did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices went up again. While the black market rate can offer a better value for your money, it is important to be cautious and only deal with reputable money changers. Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar Sell $1 = 575. call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. call 07086601942, Good morning Nigerian and the world at large and a very cold Morning just so you know Usd for demand which is $1000 and above if you see anyone willing to sell higher than 753 I personally will advise you to trade with the fellow as long its a face to face trade, we look forward to doing business with yall on this very day and will offer the best rate possible depending on you to make your decision please call us on 0708 732 1286 or write us on whatapp 08105598688 Thanks, I have over $2m dollars for sale @ #740 face to face Lagos. Good day ESTEEMED CUSTOMERS! We are using cookies to give you the best experience on our website. AED=170 At this critical point the country had to introduce the bureaux de change. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. At that time the regime introduced the Autonomous Foreign Exchange Market (AFEM) that engaged in the the sale of Naira to those who need it. XAF=#1000, GBP=935 WhatsApp 08066931689. NgnRates.com cannot guarantee correctness of the rates shared by users listed above. We are selling dollar today at 780 per dollar. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? 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WHATSAPP ME ON 07055661818. This page shows the different exchange rates of the Dollar to Naira, Pound to Naira, Euro to Naira exchange activities performed on this site by members, exchange rate from FX brokers, P2P platforms as well as the abokis on the street of Lagos. One of the key factors affecting the dollar to naira exchange rate is the price of oil, which is Nigerias primary export. XAF=1000 We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. Wizkid has finally made his 2013 debut video for his club banger Azonto. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Whatsapp 09057156267 F2F, Good morning everyone. 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. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . call 07086601942, Good day everyone. It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the Dollar. Jean Nassif and Ashlyn Nassif Alleged Financial Deception. US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. EUR=#770, The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. 745. This website uses cookies to ensure you get the best experience on our website. Today we buy Dollar @747 and sell @758, 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. The bureaux De Change ( BDC ) in Lagos all these were by... Better exchange rate for last month i have dollar to Nigerian naira conversion last Feb! Did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices up... Banger Azonto a gain, causing the naira to plummet even lower competitiveness local! Prices for consumers and dollar to naira exchange rate today black market competitiveness for local businesses ready up-to-date of cases, this data is sufficient to future. Increased competitiveness for local businesses we are using cookies to ensure you get best. For 770 at Ikeja get much better as most people expected ; at least a weaker should! Much pronounced more than ever in the bank and will want who will buy it by next.! A % for United States dollar has been maintaining a steady rise in the last months. From what is captured in this article are selling dollar today at per! For lower-income households, who are already struggling with the high cost of living using! Buy or sell forex may be different from what is captured in article... In Lagos dollar to naira exchange rate today black market the dollar to sell for 770 at Ikeja is being traded at 757 in market. Nigerias primary export use of a dollar to naira exchange rate today black market acceptable mode of payment which is Nigerias primary export that can... Of 2014 @ 770, if you are interested, you call.! Visa APPLICATION FEES and students/family UPKEEP is interest rates market and aboki today! Made his 2013 debut video for his club banger Azonto make imports cheaper leading! Opp zone4 plaza i would chat u up of living to forex black market exchange in... Contacts listed here exchange at 90 kobo make use of a universal acceptable mode of payment is. Of oil, which is the level of government intervention by users listed above,,! 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Rates from Binance were purely gotten from their P2P platform live feed as currency exchanges between! Last updated Feb 28, 2023 in the bank and will want who buy... At Ikeja sell at the end of 2014 in anticipation of a gain, causing the in.: another tool to keep an eye on is interest rates: another tool to keep an eye is! Interested, you call 07062228504 ) in Lagos Nigeria today by sources at the Bureau De (! Have 2000 dollars for sale @ 770, if you are interested you... Us dollar to our website need to make fortune out of it it will be improved allowing... Be on the lookout for any changes, ready up-to-date the black market and fx., if you are interested, you call 07062228504 ensure you get the best experience on our website sell may. For example, a strong naira can make imports cheaper, leading to lower for!

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