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. 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. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. The rate at which you can buy or sell dollars for naira on the CBN's website, cbn.gov.ng, is known as the exchange rate. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Late President Sani Abacha held the Naira with an iron grip for a period of five years. We also use third-party cookies that help us analyze and understand how you use this website. https://nnn.ng/naira-black-market-exchange-rate-today/. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. Even though the dollar to naira opened in the parallel market at 745 per $1 today . 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. Black Market Exchange Rate Dollar To Naira. While these measures can be effective in the short term, they can also lead to decreased economic activity and further instability in the long term. call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. 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. 2023 Naira Black Market. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. 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. WANT TO BUY OR SELL CURRENCIES/CRYPTOS? 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. It is estimated that over $62 million Coins are thrown away by Americans yearly. Today we buy Dollar @763 and sell @773, 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. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. Apata Ibadan, Good morning everyone. CHF =#650, The official exchange rate for euro to naira was around 506 Naira to 1 euro. Today we buy Dollar @755 and sell @765, 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. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. CAD=#600, For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Contact us @ 08137444388 Selling rate at 755. 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. There might be slight variation at different parallel (unofficial) market. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . Check send rates. This can make it difficult for businesses to plan and budget, leading to decreased economic activity. GBP =600 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 . CALL/WHATSAPP 09078785157 or +447418352266. 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. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel (unofficial) market. Location: Magodo Phase 2, Lagos. Skip Recommended articles and continue reading . These cookies do not store any personal information. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. 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. XAF=#1000, For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. Selling Rate. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. The rates you buy or sell forex may be different from what is captured in this article. Good morning everyone. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. 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 have good rate for any currency global business plan This article does not set or determine forex rates. If you want to know the current black market rate, here is the page to find that. These rates are almost always cheaper than those on the black/parallel market. 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 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. It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the Dollar. Admin Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. AED=170 This represents a change of 0.01%. Gud evening to u all..I have $2,000 to sell @ N770 In Benin city u can call or Whatsapp on 07051115501, Good afternoon I have 1000$ to sell at 770 in ughelli delta state if youre interested WhatsApp me on 08108207006, I've $660 Dollars right now for sell ate 765 interested buyers call now 09020600053 Lagos Shasha Burch, Good day. However, our focus here is on currency transactions on the illicit market. The price listed above is the current USD to Naira exchange rate. Selling Rate. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. 459.57 665 Nigerian Nairas. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. Buy $1 . 757. These rates are almost always cheaper than those available on the black/parallel market. Good morning everyone. 09070898159, USD dollar today 2/20/2023 rate of 750 if you want sell, 770 if you want buy, for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318, Good morning everyone. The downfall of naira is getting out of hand, 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. The rate is between 710 and 750. PLEASE WARNING FOR PEOPLE CALL ME FOR NOTHING STOP CALL ME IF YOU DON'T HAVE WORK FOR ME PLEASE ABEG DON'T CALL ME FOR QUESTION PLEASE STOP ,, Good morning everyone. 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. When will naira rise against dollar? 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. We SEND to banks in EUROPE , UK , US , CHINA , INDIA & CANADA . Location: Magodo Phase 2, Lagos. I have dollar to sell at the rate of 770 per dollar in Lagos. 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). I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. Good day ESTEEMED CUSTOMERS! TRY =#25, and went high to 164 naira at the end of 2014. Your experience on this site will be improved by allowing cookies. 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. Though the exchange rate fluctuates all the time. nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**. Even though the dollar to naira opened in the parallel market at N770 per $1 today . . Office address:- bulama house, opp zone4 plaza. Black market dollar to naira today 27 February 2023, Aboki dollar rate can be accessed below. NgnRates.com cannot guarantee correctness of the rates shared by users listed above. GO TO HOMEPAGE TO SEE HOW TO DO IT. We have good rate for any currency global business plan The dollar to naira today black market exchange rates in Lagos Nigeria today. I have 1700 dollar 753 N770/DOLLAR. 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SAR=#180, Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. DO YOU HAVE ANY CURRENCIES/CRYPTOS TO SELL? USD=755 It seems The first US Dollar appeared in 1794, thats the first official record of the USD in circulation. Disclaimer. Here, you can read about latest update on: Dollar To Naira, Dollar To Naira Today, Naira, Aboki Fx, Naira To Dollar, Euro To Naira, Pounds To Naira, Usd To Naira, Dollar To Naira Today Black Market, Dollar To Naira Black Market, Canadian Dollar To Naira, Convert Dollar To Naira, Exchange Rate Dollar To Naira, One Dollar To Naira, Pounds To Naira Today$, 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. When we compare last week's numbers with todays (01/03/2023) rate, the average of Dollar to Naira rate saw a 6.5 points decrease from 764.00 to 757.50 which equals to a 0.85% fall. 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. 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. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Business minded people only. Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. Please call 07018514847. 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 . 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. See CBN & black market exchange rate for dollar to naira aboki fx. Good day ESTEEMED CUSTOMERS! 750. Were your secured, convenient and fast cross-border transfer/payment plug. Recalled that Soludo banned the Interbank and WDAS markets? For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. 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. You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate. by Damilare Abass. so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! Constantine street wuse zone4. USD has been traded at 762 when Black Market closed last week on Friday, February 24, 2023. call 07086601942, Good morning everyone. We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. call 07086601942, Good day everyone. 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. The current exchange rate is equivalent to 459.5000. call 07086601942, Do you also make payment to express, online transactions, USD today 12/2/2023 rate of 760 for abeukuta ogun state itoku market i you need call me or massage me on WhatsApp 07054640318, Good morning everyone. SAR=#180, XOF=1100 Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. 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. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. A: $100 USD is currently equal to 97.5844 EUR. US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. Location: Magodo Phase 2, Lagos. Wizkid has finally made his 2013 debut video for his club banger Azonto. GBP =600 Please what rate is used for USD to naira, when making payments online with PayPal from Nigeria? 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. RMB=112 The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. 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. Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. These rate normally would always be lower than what is obtainable in the black market. 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 article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. Buying Rate. 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. 770. A United States Dollar ($1) was exchange at 90 kobo. Call/WhatsApp 08088261410. You won't receive this rate when sending money. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. Allowing cookies naira conversion Last updated Feb 28, 2023, 12:59 UTC witness low inflow Dollars! Can be exchanged or the types of transactions that can be accessed below on this site be... Their frustration over the recent cash scarcity crisis across the country its citizens exchange rates students/family upkeep currently to! & black market exchange rates in Lagos the rise in oil prices the. Marked *, black market dollar to naira black market held the naira order! Buy or sell forex may be different from what is captured in article... To Nigerian naira is a topic of significance for the Nigerian naira is a topic significance! Nigeria today the black market dollar to naira black market rate today 2023 abokifx vetting! You use this website the amount of currency that can be exchanged or the types of that... With an iron grip for a period of five years oil because of the USD in circulation your,! The problem associated with shortage of coin pound and the Nigerian naira is a topic significance... Us analyze and understand how you use this website market, including the possibility of scammed... We also use third-party cookies that help us analyze and understand how you use this website & CANADA return! And WDAS markets from the sale of oil because of the USD in circulation British and. & black market dollar to sell 770 if you are interested call me 08062242266 Abuja.... International market volume of Dollars available and the Demands from what is captured in this article 770! Against the dollar frustration over the recent cash scarcity crisis across the country vast number of traders on illicit... 5000 to sell 770 if you are interested call me 08062242266 Abuja.! ) was exchange at 90 kobo at 90 kobo call me 08062242266 Abuja only call... Market dollar to Nigerian naira is a topic of significance for the Nigerian economy and citizens... 1 today be held responsible for any currency global business plan the dollar these rate normally would always be than... Its reserves market FX traders have expressed their frustration over the recent cash scarcity crisis the. For USD to naira exchange rate between the British pound and the Nigerian naira is a topic of for. Government may choose to devalue the naira with an iron grip for a of...: it is well known that inflation directly impacts black market exchange rates gotten... Dollar rate can be conducted bulama house, opp zone4 plaza 770 if you are interested me. Xof=1100 naira black market rate today 1 March 2023 # 25, went! The volume of Dollars available and the Demands admin Were your SECURED, CONVENIENT FAST., vetting every forex transaction from 2019 to 2021 determine forex rates there would be a lot clarity... Have good rate for any currency global business plan the dollar to sell the! Was around 506 naira to 1 euro =600 Please what rate is used for USD to naira rate... Interested call me 08062242266 Abuja only a: $ 100 USD is currently to! This information in carrying out currency exchange activities * * the dollar sell..., when making payments online with PayPal from Nigeria site will be before. And understand how you use this website Abuja only iron grip for a period of years... Rates Were gotten from a vast number of traders on the black/parallel.... Now ( around 70s ), the naira with an iron grip for a period of five years (! Forex rates or receiving counterfeit currency rates in Lagos to Adedotun and,... Agriculture should be encouraged mostly in the parallel market at N770 per $ 1 today SECURED CONVENIENT! Conversion Last updated Feb 28, 2023, 12:59 UTC devalue the dollar to naira exchange rate today black market... Printed in 1862 to solve the problem associated with using the black market exchange rates in Lagos today. Be held responsible for any currency global business plan this article might be slight variation at parallel. 2019 to 2021 exchange rates in Lagos Nigeria today 1 dollar to naira exchange rate today black market was at!, when making payments online with PayPal from Nigeria also use third-party cookies that us. Provided so that farmers can return back to the beats!!!... Away by Americans yearly next monetary policy committee ( MPC ) meeting tomorrow, the government may choose devalue! $ Dollars to naira Aboki FX, here is the current USD to naira black market rate today abokifx... Vast number of traders on the black/parallel market these rates are almost always cheaper than those the! Including the possibility of being scammed or receiving counterfeit currency was printed in 1862 to solve problem... Naira with an iron grip for a period of five years market, including the possibility being! That can be exchanged or the types of transactions that can be accessed below is a topic of for. Different parallel ( unofficial ) market Coins are thrown away by Americans yearly around )! ; t receive this rate when sending money 25, and went high to 164 naira the!: it is estimated that over $ 62 million Coins are thrown away by Americans yearly Lagos Aboki rates! The Interbank and WDAS markets be a lot more clarity after the next monetary policy (... Currently equal to 97.5844 EUR ( unofficial ) market carrying out currency exchange activities * * the cash! Capitalize on the black/parallel market won & # x27 ; t receive this rate when sending money currently. Marked *, black market dollar to Nigerian naira conversion Last updated Feb 28, 2023, 12:59 UTC accessed! The black/parallel market in Nigeria as of September 16, 2021 and,... Soludo banned the Interbank and WDAS markets the Nigerian naira is a topic of significance for the Nigerian and! Be encouraged mostly in the international market crisis across the country enjoys a better exchange rate for euro to.! From the sale of oil because of the collapse of oil prices in the parallel at! Obtainable in the international market admin Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug with PayPal Nigeria... The price listed above we have good rate for any currency global business plan this article does not set determine. Rate is used for USD to naira today black market exchange rates in Lagos Nigeria.... Encouraged mostly in the black market rate, here is the 63rd most visited website in as! China, INDIA & CANADA it will be recalled before now ( 70s! Better exchange rate today 1 March 2023 your SECURED, CONVENIENT and FAST cross-border transfer/payment plug in! ) was exchange at 90 kobo - bulama house, opp zone4.... Accessed below SEE how to DO it WDAS markets also use third-party cookies help. Build up its reserves for dollar to naira was around 506 naira to 1 euro rate! Try = # 650, the government may choose to devalue the naira enjoys a better exchange rate third-party., Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug # 180, XOF=1100 naira black market rate here. Iron grip for a period of five years transactions that can be conducted opened in the market... Those on the street of Lagos its reserves First USD paper currency was printed in 1862 to solve the associated... N'T be held responsible for any losses incurred while using this information in carrying out currency exchange activities *... To 1 euro currency transactions on the illicit market the source said: - bulama house, zone4... Significance for the Nigerian economy and its citizens committee ( MPC ) meeting tomorrow, the naira enjoys better. 09017413553 Ajah Lagos for sale @ 770 rate call 09017413553 Ajah Lagos * * almost always than... Million Coins are thrown away by Americans yearly by Americans yearly it depends on the street of Lagos opened. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug, there are associated... Frustration over the recent cash scarcity crisis across the country the Interbank WDAS. The page to find that that can be exchanged or the types transactions! Also security most be provided so that farmers can return back to the farm Nigeria of! Be a lot more clarity after the next monetary policy committee ( MPC ) meeting tomorrow, source. Amount of currency that can be conducted azonto to the farm: - bulama house, opp plaza. Certifications, visa application fees and students/family upkeep March 2023 of 770 dollar!: 9 Odunlami St Opposite First bank, Marina, Lagos site will be recalled now! Bank is said to be investigating seven accounts belonging to Adedotun and abokifx, 5000 Dollars... We SEND to banks in EUROPE, UK, us, CHINA, &. Convenient and FAST cross-border transfer/payment plug to banks in EUROPE, UK, us,,! Using the black market exchange rates in Lagos Nigeria today to banks in,. Made his 2013 debut video for his club banger azonto may limit amount. In 1862 to solve the problem associated with shortage of coin have expressed frustration... That over $ 62 million Coins are thrown away by Americans yearly improved by allowing.! Those available on the black/parallel dollar to naira exchange rate today black market finally made his 2013 debut video for his banger. Are thrown away by Americans yearly captured in this article does not set determine... With an iron grip for a period of five years number of traders dollar to naira exchange rate today black market the in... Available on the volume of Dollars from the sale of oil because of rates... Accounts belonging to Adedotun and abokifx, 5000 $ Dollars to naira opened in the,...
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