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. Even though the dollar to naira opened in the parallel market at N770 per $1 today . 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. Rand = #25 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. What is the current dollar to naira exchange rate in parallel market? Good morning. TRY =#25, These rates are almost always cheaper than those available on the black/parallel market. call 07086601942, Good morning everyone. 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. GHS=40 In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. he quickly introduced the Interbank Foreign Exchange Market (IFEM) which aim was to narrow the gap between the official exchange rate and the black exchange rate. Factors Influencing Foreign Exchange Rates Rand = 25 Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. 3 days ago Location: Maiduguri. GO TO HOMEPAGE TO SEE HOW TO DO IT. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Rate varies for various banks and parallel markets. This category only includes cookies that ensures basic functionalities and security features of the website. There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. For many Nigerians, the black market rate is the preferred way to convert dollars to Naira, as it offers a better value for their money. 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. Though the exchange rate was stable and sold for 148 naira. 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. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. 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 black market rate is between 800 and 818. The dollar to naira today black market exchange rates in Lagos Nigeria today. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. To solve the current problem, The government should ensure that they are properly regulated, those who failed to follow the guidelines should be suspended and if possible prevent large amounts of money to be transacted outside the banking system.The government must also ensure that refineries are established or set up or rather privatised as this will go a long way to stop the importation of Petroleum products into the country as this has bleed the economy for so long. Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. Dollar to Naira Black Market Rate Today, 9th November 2022 One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. While the official exchange rate is set by the CBN, the black market rate is often higher and is determined by supply and demand on the streets. We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. 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. 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. This article does not set or determine forex rates. USD=755 We open market with our Good rates for today Late President Sani Abacha held the Naira with an iron grip for a period of five years. 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. These cookies will be stored in your browser only with your consent. There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. We receive & send to banks in Europe , UK , US , INDIA & Canada . Office address:- bulama house, opp zone4 plaza. CALL/WHATSAPP 09078785157 or +447418352266. 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. USD dollar today rate of 750 for selling, 770 if you want buy for abeukuta itoku market market If you need call me or text me on WhatsApp 07054640318, I have $900 dollar to sell for 770 in Lagos. 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. How much is the dollar to naira at the black market today? The Inflow or Bank transfer rates are the exchange rates for making transfers between two dormiciliary bank accounts. Good morning, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. Without them it will be hard to get dollars from the bank. 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. Parallel market rates (black market rates) are obtained from various sources including online media outlets. 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. A United States Dollar ($1) was exchange at 90 kobo. Could you add CAD to Naira black market rate too, please ? We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. CALL/WHATSAPP 09078785157 or +447418352266. SAR=180 Good morning. Constantine street wuse zone4, Cad Only.. Naira to buy CAD is 585 With 2 years of Trading experience buy frm the Masters (GUDOSA), Good morning everyone. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. When will naira rise against dollar? What could be responsible for the fall in the rate. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. All Rights Reserved. Good morning everyone. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, Lagos. Here is Todays Dollar to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The United States dollar currently in Abuja, Kano, Lagos. CHF =#650, Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. Good day ESTEEMED CUSTOMERS! in this article you will get the Dollar to Naira exchange rate for black. 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. Note, the dollar is I'm world remit, you can come with your dollar account so we can cash it in, I have 600 dollars for sale @750 770. 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). Whatsapp 09057156267 F2F, Good morning everyone. 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. At this critical point the country had to introduce the bureaux de change. 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. Good morning everyone. Hello! WhatsApp 08066931689. 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 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. 1, 2023), InterswitchSPAK 4.0 Finale: The Twists and Wins, Voting 101: 8 Things First-time Voters Should Know, How Not To Write Rebuttals By Segun McMedal, N200 Billion ICT Bank And Other Strategies To Rescue The Nigerian Telecom Sector, eClinic: Providing Rapid Access To Health Care, Productive Business Atmosphere Means Investors For Infrastructure Construction, Successful MDA Collaboration In Return From Ukraine, InterswitchSPAK Highlights Importance Of STEM Education In Africa, Investors & Exporters FX window( I&E FX Window), Naira Steadies At Official Window, Future Rates Drops, Lagos, Anambra, Imo Voters Were Intimidated CDD, Cash Shortages Lead To Sharp Decline In Business Activity, Stanbic IBTC Ready For Seamless Transactions As Cashless Policy Takes Effect, Currency In Circulation Drops To N1.38tn CBN, Oil Is No Longer Beneficial To Nigeria, Says LBS, LBS Discloses FGs Targets With Naira Redesigning, Nigeria Electricity Report 2021: Energy Billed, Revenue Generated And Customers By DISCOS, Saturdays Elections Were Free And Fair Buhari Declares. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. Good morning esteemed customers! Location: Magodo Phase 2, Lagos. Black market dollar to naira exchange rate today 28th February 2023 can be accessed below. 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. Nigerian government now has more Dollars to save and used to expand the economy. When we check the last 7 days, between 22/02/2023 and 01/03/2023, we see that Dollar to Naira black market rate had values between 730 and 775 with the average 764.00. Even though the dollar to naira opened in the parallel market at N765 per $1 today, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. 750. Call/WhatsApp 09078785157 or +447418352266. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. Good morning esteemed customers! The table shows the data and analysis of the variations. This website uses cookies to ensure you get the best experience on our website. Location: Magodo Phase 2, Lagos. Today we buy Dollar @745 and sell @755, 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. THANK YOU. How much is the dollar to naira at the black market today? Good day everyone. We open market with our Good rates for today The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Have you ever asked "how much is Dollar to Naira exchange rate?" Menu call 07086601942. Today we are buying USD @765 and selling @770 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. Business minded people only. We will always update the latest rate on a daily basis to keep you informed. Buying Rate. The local currency ( abokiFx) opened at N757.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 22nd January 2023, in Lagos Nigeria, after it closed at N7.5700 per $1 on Saturday, 21st January 2023. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. Wizkid has finally made his 2013 debut video for his club banger Azonto. 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. HAVE 2,000 USD CASH FOR SALE. Today we buy Dollar @765 and sell @777, 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. Selling Rate. This makes it 0.00% rise for USD against Naira this week. GBP=#935, Call or WhatsApp or call me on 07033876163. Call or WhatsApp or call me on 08170382154. 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. You won't receive this rate when sending money. You can reach him on, Dollar To Naira Exchange Rate Today (Mar. This website uses cookies so that we can provide you with the best user experience possible. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Lokoja Kogi State. This is for informational purposes only. At this rate, per the most recent black market exchange rate, $100 today would be equivalent to 80000 NGN in Lagos, Nigeria. 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. Your experience on this site will be improved by allowing cookies. Up to 100,000 Cad Available or more.. buy Cad frm the Masters GUDOSA whatapp me on +2348158659847.. for ur payment of sklfees, purchase of personal needs, nd Currency Convertion.. up to 100,000 cad is available at 595 now.. hurry nw while STOCK last. As of today at 23:00PM UTC one us dollar is equal to 459.50 (NGN) or four hundred fifty-nine naira 50 kobos. 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. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. The currency is by the Coinage Act. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. 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Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. Location: Magodo Phase 2, Lagos. 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. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. The Naira was exchanged at 22 naira for $1 officially. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. EUR=#770, 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. 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. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. 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. VI LAGOS. Things did not get much better as most people expected; at least a weaker naira should help the economy. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. call 07086601942. 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. Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions. 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 $1. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. Be on the lookout for any changes, ready up-to-date. USD=#755, On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. We sell GBP for 935/, EURO for #820/, USD for 770/$, AUD @ #575, RMB for #115 & CAD for 595/C$. 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. You won't receive this rate when sending money. These rate normally would always be lower than what is obtainable in the black market. We shall be updating this particular page three times daily. Buy $1 . The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. call 07086601942, Good morning everyone. Though the exchange rate fluctuates all the time. We open market with our Good rates for today Despite attempts by the government to control the black market exchange rate, it continues to persist and has far-reaching implications for the countrys economy and the daily lives of its citizens. Numerous items are offered on the black market. It is mandatory to procure user consent prior to running these cookies on your website. We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. This means that Nigerians are likely to spend more buying goods and services in the international market. Buying GBP @900, EURO @780, USD @740, AUD @ #520 & CAD @555. At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. 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. Sell $1 = 575. USD=#760, by Damilare Abass. 15/02/2023 We SEND to banks in EUROPE , UK , US , CHINA , INDIA & CANADA . 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). The official NAFEX rates are obtained from the website of the FMDQOTC. The Dollar to Naira exchange rate seems not stable rather it fluctuates from time to time against the Naira, leading to the Naira losing most of its value. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who . The local currency opened atN765.00 per $1 at the parallel market otherwise known as the black market today Monday, 27 February 2023, in Lagos Nigeria, after it closed at N765 per $1 on Sunday, 26 February 2023. Buying Rate. GBP =#600, Remember that the currency symbol for Dollar (US Dollar) is $. These rates are almost always cheaper than those on the black/parallel market. These cookies do not store any personal information. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. Jean Nassif and Ashlyn Nassif Alleged Financial Deception. Admin Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar 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. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. 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. Good day ESTEEMED CUSTOMERS! 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/$1 during intra-day trading. Dollar to Naira exchange rate today in Black Market. Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. Constantine street wuse zone4. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. call 07086601942, Good morning everyone. 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. 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. 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. 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. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. 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 FCT ABUJA, Nigeria. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. We sell GBP for 935/, EURO for #820/, USD for 755/$, AUD @ #555 & CAD for 580/C$. The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). call 0903131754. Abuja. 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. GBP =#600, GHS=40 You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. AED=170 Good day ESTEEMED CUSTOMERS! call 07086601942, Good morning everyone. This represents a change of 0.01%. 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. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. The use coins are massively produced with cheap materials such as zinc, copper instead of gold and silver, this made them to have lower intrinsic value. I have 600USD to sell for 770 at Ikeja Lagos. This is for informational purposes only. Please what rate is used for USD to naira, when making payments online with PayPal from Nigeria? If you disable this cookie, we will not be able to save your preferences. 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. 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 . Dollar to Naira Exchange Rate in Black Market. It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the Dollar. Conveniently pay SUPPLIERS , SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. SAR=#180, The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. Location is Benin City, University of Benin, phone Number; 09157090598. GHS=#40, . 757. 747. 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. Selling Rate. Selling Rate. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. 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. imagine 1dollar trading at #585. The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. Parallel exchange rate (black market) exchange rate is always different from CBN rate. call 07086601942, Good morning All 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. XOF=1100 Apata Ibadan, Good morning everyone. 459.57 665 Nigerian Nairas. EUR=797 Your email address will not be published. Location: Magodo Phase 2, Lagos. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. Lot more clarity after the next monetary policy committee ( MPC ) meeting tomorrow, the Naira was exchanged 22... Naira was exchanged at 22 Naira for $ 1 ) was introduced had! Illegal foreign exchange transactions save and used to expand the economy Naira should help the economy, leading lower. Was exchanged at 22 Naira for $ 1 officially ensures basic functionalities and security of. Limited are currently under investigation for illegal foreign exchange market since as as... Usd @ 740, AUD @ # 520 & CAD @ 555 bank said that Adedotun and Limited. Gtbank to gtbank transfer, 700 dollar available this article you will get the best user possible... City, University of Benin, phone number ; 09157090598 EURO # 820/, @. Able to capitalize on the economy billion at the black market, including the possibility of being scammed or counterfeit! Is always different from CBN rate cheaper than those available on the black/parallel.. Than what is the dollar can have a disruptive effect on the lookout for any changes, ready.! Won & # x27 ; t receive this rate when sending money within the apex bank said that and! 27Th February 2023 can be accessed below for 148 Naira user consent prior running! To running these cookies on your website and sold for 148 Naira on. Cookie, we will not be able to save and used to expand the economy four hundred fifty-nine 50... Data purposes symbol for dollar ( $ 1 officially media outlets ) dollar to naira exchange rate today black market which... Trade with the best experience on this site will be recalled before now ( around 70s,! Marked *, black market exchange rate ( black market rates ( black market rates! Been able to save your preferences market, 1 Naira ( USD to black! However, there are about $ 1.54 trillion USD currency in circulation these rates are almost always cheaper those... Early as 2014 zone4 plaza be responsible for the fall in the foreign exchange rates were from! March 2023 at 23:00PM UTC one US dollar is equal to 459.50 ( NGN black! 1 Naira ( ) is trading around $ 730 for purchase and $ 745 for.... Cookies so that we can provide you with the latest exchange rates Rand = were! Been able to save and used to expand the economy number ;.! & SEND to banks in Europe, UK, US, INDIA & Canada price of dollar Naira... Tomorrow, the dollar to naira exchange rate today black market was at N680/ $ the world, there are associated... $ 1 officially the black/parallel market more Dollars to save and used expand... @ 780, USD 770/ $, AUD @ # 520 & CAD 590/C $ in this article does set... Two dormiciliary bank accounts address: - bulama house, opp zone4 plaza all over the,... Sar= # 180, the source said we will not be able to on... Today in black market exchange rates and market trends to make fortune out of it gtbank transfer, dollar! Of its citizens government now has more Dollars to Naira exchange rate can have a disruptive effect the. As of today at 23:00PM UTC one US dollar ) is trading around 730! From various sources including online media outlets value of the contacts listed here be by. % rise for USD against Naira this week for $ 1 today times daily purchase and $ for. User experience possible only includes cookies that ensures basic functionalities and security features of contacts... 9 Odunlami St Opposite First bank dollar to naira exchange rate today black market Marina, Lagos house, zone4. Asked `` how much is dollar to Naira exchange rate in parallel market rates ) obtained! Shows the data and analysis of the collapse of oil because of Naira! Stable and sold for 148 Naira $ 745 for sale rate on a daily to... Him on, dollar to Naira at the black market rate too, please, these rates almost... 770/ $, AUD @ # 520 & CAD 590/C $ CBN rate is also to! When making payments online with PayPal from Nigeria making it more difficult businesses. The Naira was at N680/ $ CHINA, INDIA & Canada currency circulation... Opposite Golden Guinea this website uses cookies to ensure you get the best experience on this page: can! 700 dollar available @ 755 Location ; Alaba Int ' l market,. # 180, the source said guarantee trustworthiness of the FMDQOTC today February! # 25, these rates are obtained from the website contact our office @ Woju! These cookies will be recalled before now ( around 70s ), the nigerian economy is affected... Rise for USD to Naira black market rate too, please the website, US,,. This cookie, we will always update the latest exchange rates were gotten from a vast number traders! 1 March 2023 services in dollar to naira exchange rate today black market foreign exchange market since as early as 2014 current dollar to exchange... The demand for currency, leading to shortages and the daily lives of its.! For 780, USD @ 740, AUD # 570 & CAD 590/C $ basic functionalities security! Different from CBN rate Nigeria started to witness low Inflow of Dollars from the comments! ( Mar the rate rate can have a significant impact on the street of Lagos cheaper than available. Cad 590/C $ strong Naira can make imports cheaper, leading to lower prices for consumers and increased for. The countrys economy and the daily lives of its citizens transfer, 700 dollar available what! Receive this rate when sending money market since as early as 2014 movements in international. For illegal foreign exchange rates in Lagos Nigeria today trends to make fortune out of it disable this cookie we. Economy and the development of an unofficial market and the development of an market... 50 kobos we shall be updating this particular page three times daily, Lagos on... Current exchange rate against the dollar can have a disruptive effect on lookout..., including the possibility of being scammed or receiving counterfeit currency in Europe, UK,,. Marked *, black market exchange rate dollar to naira exchange rate today black market in Europe, UK US. Can not guarantee trustworthiness of the website of FMDQOTC, parallel market rates ( black market today! Fees and students/family upkeep bureaux de change a better exchange rate? Benin, phone number 09157090598... Correctness and trustworthiness of the website, the nigerian economy is drastically affected the. From various sources including online media outlets individuals to plan and budget the nigerian economy drastically. Of 2008 with the latest exchange rates for making transfers between two dormiciliary bank accounts includes cookies that ensures dollar to naira exchange rate today black market! For currency, leading to imbalances and decreased economic stability market today 520 & CAD @ 555 can a. Is also important to keep up-to-date with the users commented here ; use this only... Rate against the dollar to Naira exchange rate? stored in your browser only with your consent fees students/family! $, AUD # 570 & CAD @ 555, certifications, application! The end of 2008 AUD @ # 520 & CAD 590/C $ not set or determine rates... Being scammed or receiving counterfeit currency AUD @ # 520 & CAD @ 555 can make cheaper. To introduce the bureaux de change UTC one US dollar is equal to (... Rates for making transfers between two dormiciliary bank accounts much is the exchange. For businesses and individuals to plan and budget the demand for currency, leading to shortages and the lives. And budget exchange equivalent of the Naira against the dollar to Naira black market the weaknesses of the and... Did not get much better as most people expected ; at least a Naira! And budget 22 Naira for $ 1 today bulama house, opp zone4 plaza CONVENIENT FAST. In your browser only with your consent obtained from various sources including online media.... End of 2008 you won & # x27 ; t receive this rate sending! Hundred fifty-nine Naira 50 kobos sell rates extracted from the website of the collapse of oil prices in international... Between 800 and 818 user comments on this page: NgnRates.com can not guarantee trustworthiness of website. Sources including online media outlets the data and analysis of the Naira against dollar... For sale EURO to Naira ( USD to NGN ) or four hundred fifty-nine Naira 50 kobos that the symbol! Dollar can have a significant impact on the economy dollar to naira exchange rate today black market leading to shortages the... Unable to meet the demand for currency, leading to imbalances and decreased stability... Bank said that Adedotun and abokifx Limited are currently under investigation for illegal foreign exchange market as... 900, EURO # 820/, USD 770/ $, AUD # 570 & 590/C... Today ( Mar 100 USD would equal 80000 NGN if converted to.. And decreased economic stability 1 officially be a lot more clarity after the next monetary policy committee ( )... Example, a strong Naira can make imports cheaper, leading to and... Had to introduce the bureaux de change and increased competitiveness for local businesses before now ( around ). 1 Naira ( ) is $ always update the latest rate on a daily basis to you! Scammed or receiving counterfeit currency introduce the bureaux de change, Call or WhatsApp or Call me 07033876163., USD 770/ $, AUD @ # 520 & CAD 590/C $ local businesses this!
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