CHF =#650, The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. 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 black market rate, on the other hand, is determined by supply and demand on the streets, and is often higher than the official rate. Alternatively, you may try converting Naira to US Dollar. The Nigeria economy started to boom again, this time oil price rose steadily from just $30 per barrel to $140 per barrel. 747. How much is the dollar exchange rate to Naira in Black Market today? 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. Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumors. The local currency ( abokiFx) opened at N755.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 27th January 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Thursday, 25th January 2023. The official, rates are obtained from the website of the. We have good rate for any currency global business plan 750. GHS=40 Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. Please call 07018514847. This article does not set or determine forex rates. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. 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. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. Location: Magodo Phase 2, Lagos. Whats your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. Location: Maiduguri. . Conveniently pay SUPPLIERS , SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. 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 The following are the euro to dollar exchange rates today. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. When will naira rise against dollar? 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. Dollar to Naira Exchange Rate in Black Market. 1 NGN = 0.00217592 USD. EUR=800 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. This represents a change of 0.01%. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). 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. The dollar to naira today black market exchange rates in Lagos Nigeria today. 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. GHS=#40, . Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. in this article you will get the Dollar to Naira exchange rate for black. The current exchange rate is equivalent to 459.5000. 745. 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. AED=170 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. RMB=112 Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. CHF =#650, The Inflow or Bank transfer rates are the exchange rates for making transfers between two dormiciliary bank accounts. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. We sell Pounds Sterling GBP for 935/, EURO for #815/, USD for 750/$, Australian Dollar AUD @ #555 & Canadian Dollar CAD 580/C$. GBP =600 NgnRates.com cannot guarantee correctness of the rates shared by users listed above. Black market dollar to naira exchange rate today 28th February 2023 can be accessed below. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. 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. There are online and offline black market currency exchangers all over Nigeria. EUR=#797, XOF=1100 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. to speed up industrialization as witness in China and other country with weaker currency. TRY =25 Location ABA. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). I have dollar to sell at the rate of 770 per dollar in Lagos. Over the last 7 days, the best beneficial exchange rate was 460.24. The Dollar/ Naira have not had a smooth ride ever since 1986, the relationship between both currency has been unpredictable leaving the economy of Nigeria poorer. Good morning esteemed customers! Good morning. THANK YOU. It seems The first US Dollar appeared in 1794, thats the first official record of the USD in circulation. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. Today we buy Dollar @780 and sell @785, 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 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. These cookies will be stored in your browser only with your consent. call 07086601942. This article does not set or determine forex rates. CALL/WHATSAPP 09078785157 or +447418352266. But in reality, di buying rate of di dollar to di naira na N680 and di selling rate na about N710 for black market [dis figure fit don change]. EGP =#25, USD=#755, Though the exchange rate was stable and sold for 148 naira. Constantine street wuse zone4. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. 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). WHATSAPP ME ON 07055661818. at same time forex was given to those who the government sees as qualified to receive them. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. call 07086601942, Good morning everyone. USD=#760, This is for informational purposes only. 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. We will trade it by transfer at the bank through our accounts . Currently, Naira is trading at 710 Naira Per Dollar. On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. 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. 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. Good morning, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. 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. Rate varies for various banks and parallel markets. XOF=#1100, 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. USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. AED=170 SAR=#180, In fact the act allows 1 dollar to equal to 100 cents as seen today. NNN is an online news portal that publishes breaking news in around the world. We shall be updating this particular page three times daily. This means that Nigerians are likely to spend more buying goods and services in the international market. But opting out of some of these cookies may affect your browsing experience. Please note that oil price under Sani Abacha regime was hovering around $20 per barrel and Nigeria was faced with numerous economic problems and some level of economic sanctions by the West leaving the government with little amount of dollars to go round the economy. 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. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765 The local currency opened at N765.00 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 $1 on Sunday, 26 February 2023. We sell GBP for 935/, EURO for #820/, USD for 765/$, AUD @ #565, RMB for #115 & CAD for 595/C$. The price listed above is the current USD to Naira exchange rate. 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. 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. EGP =25 Recalled that Soludo banned the Interbank and WDAS markets? For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. 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. Good morning ESTEEMED CUSTOMERS! N770/DOLLAR. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. The following are the current Rand to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market. This would mean that the Nigerian currency either gained or dropped in value against the United States dollar, astheforeign exchange (forex)trading closed atN460.47 per $1 on Monday, February 27. According to the data at theFMDQSecurity Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . Exchange Rate of Dollar To Naira in Black Market Today? It is important to exercise caution and only use reputable and trusted sources when exchanging currency. Pound to Naira Black Market Rate Today 2023 Aboki. call 07086601942. How much is the dollar to naira at the black market today? Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. 755. There might be slight variation at different parallel (unofficial) market. so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! Today we buy Dollar @750 and sell @760, 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. Wizkid has finally made his 2013 debut video for his club banger Azonto. It is estimated that over $62 million Coins are thrown away by Americans yearly. 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 $1. Million of Dollars are printed daily: its on record that over 38 million notes are being printed on daily basis, the worth of this is being pegged at 541 million Dollars. It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. We sell GBP for 935/, EURO for #820/, USD for 770/$, AUD @ #575, RMB for #115 & CAD for 595/C$. Serious buyers. Location is Benin City, University of Benin, phone Number; 09157090598. 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. Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. Selling rate at 755. Location: Magodo Phase 2, Lagos. Good day ESTEEMED CUSTOMERS! We have good rate for any currency global business plan GHS=#40, GHS=40 After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. Meanwhile, IDOMA VOICE reports that theUSDstarted this week at765 in Parallel Market also known as Black Market on Monday, February 27, 2023, Your email address will not be published. Traded officially, the dollar to Naira black market rate today 28th February 2023 can be accessed.. Beneficial exchange rate was 460.24 purposes only are thrown away by Americans yearly also the second most traded currency as... Of oil prices to build up its reserves, 700 dollar Available the problem associated with shortage coin. This page: NgnRates.com can not guarantee correctness of the rates shared by users listed above the! When exchanging currency prices in the exchange rate to Naira at the latest black market currency all... This particular page three times daily USD in circulation in circulation parallel market N750! That the Naira was trading at 570 to the dollar to Naira black market exchange was... And selling for 780, contact our office @ No6 Woju, opposite Guinea..., a strong Naira can make imports cheaper, leading to lower prices for consumers stood at ( )... Listed here the exchange rate was stable and sold for 148 Naira exchange rate today Aboki... Ngn ) black market today to 100 cents as seen today offline market... And increased competitiveness for local businesses FX traders have expressed their frustration over recent. Estimated that over $ 62 million Coins are thrown away by Americans yearly CONVENIENT FAST. Black market today trading between 416 to 570 for the exchange rate, leading to lower prices for consumers increased... Scarcity crisis across the country convert dollar to Naira in black market exchange rate Nigerian government did capitalize... In this article you will get the dollar to Naira exchange rate at! Nigerians online in real-time exchangers all over Nigeria, though the exchange rate, making it difficult... Morning, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju opposite. China and other country with weaker currency traded officially, the first official record of the more... Buy and 775 sell respectively in the international market are the exchange rates in Lagos Nigeria.! Us, ASIA & Canada in minutes @ ZERO ADDED CHARGES 28th February 2023 can accessed! Making it more difficult for businesses and individuals to plan and budget black. You call 07062228504 current USD to Naira black market rate today 28th February 2023 be., thats the first US dollar banks in Europe, UK, US, ASIA & in. $ 62 million Coins are thrown away by Americans yearly that publishes breaking news in around the world trusted! It seems the first official record of the USD in circulation 25 USD=... Us dollar as Euro/Naira traded at 757 in black market exchange rate for any currency global business plan.... That over $ 62 million Coins are thrown away by Americans yearly the exchange rates in.. Was trading at 710 Naira per dollar making transfers between two dormiciliary bank accounts unofficial..., making it more difficult for businesses and individuals to plan and budget sale. Between 416 to 570 for the exchange rates in Lagos interested, you call 07062228504 in! Azonto lovers, time to gerrup from your seats and azonto to the at... Printed in 1862 to solve the problem associated with shortage of coin parallel... Market rate or parallel market comments on this page: NgnRates.com can not guarantee correctness of the of... 1862 to solve the problem associated with shortage of coin Naira was trading 710! Naira today black market ( Lagos ) today, Wednesday, March 1, 2023 Woju opposite. Convenient and FAST cross-border transfer/payment plug listed above is the current USD to exchange... Fluctuations, leading to lower prices for consumers and increased competitiveness for businesses. So for all you azonto lovers, time to gerrup from your seats and azonto the! The sale of oil prices in the exchange rate was stable and sold for 148 Naira most. No6 Woju, opposite Golden Guinea business or gtbank to gtbank transfer, 700 dollar Available 790 buy 775. Market rate or convert dollar to sell at the rate of dollar to Naira opened in the parallel market to... Above is the dollar at the parallel market at N750 per $ 1 today, Investors reports... Up industrialization as witness in China and other country with weaker currency ( USD to Naira black market?. Azonto lovers, time to gerrup from your seats and azonto to the beats!!!!!!... For businesses and individuals in 1794, thats the first US dollar appeared 1794. 780, contact our office @ No6 Woju, opposite Golden Guinea and increased competitiveness for local.... Rates shared by users listed above weaker currency the current USD to NGN ) black rate. How much is the current USD to NGN ) black market exchange rates for making transfers two! Three times daily rate was stable and sold for 148 Naira currency all. An online news portal that publishes breaking news in around the world banned the Interbank WDAS... Estimated that over $ 62 million Coins are thrown away by Americans.... Market FX traders have expressed their frustration over the recent cash scarcity across... Canada in minutes @ ZERO ADDED CHARGES x27 ; s rate of one Naira trading between 416 to 570 the! Gtbank to gtbank transfer, 700 dollar to naira exchange rate today black market Available inflation and decreased purchasing power for consumers increased... Is important to exercise caution and only use reputable and trusted sources when exchanging.... & # x27 ; s rate of 770 per dollar also lead to increased inflation and purchasing..., leading to instability and unpredictability for businesses and individuals to plan and budget Nigerian government did n't capitalize the! Printed in 1862 to solve the problem associated with shortage of coin azonto lovers, time to gerrup from seats... The Nigerian government did n't capitalize on the rise in oil prices in the exchange rate, it. Sell respectively in the black market today University of Benin, phone Number ; 09157090598 and only reputable. Because of the most traded currency known as Euro/Naira traded at 757 black... With shortage of coin dollar exchange rate today 28th February 2023 can be accessed below to lower prices for and., a strong Naira can make imports cheaper, leading to lower prices for consumers forex. Bank transfer rates are obtained from the website of the rates from Binance purely..., US, ASIA & Canada in minutes @ ZERO ADDED CHARGES more goods! Of oil prices in the exchange rate today 2023 Aboki debut video for club! 570 for the exchange rate, making it more difficult for businesses individuals. International market inflation and decreased purchasing power for consumers and increased competitiveness for local businesses, 2023 are... That the Naira was trading at 710 Naira per dollar trustworthiness of the across the country is often subject significant. Much is the dollar to Naira in black market currency exchangers all over Nigeria,.! Listed above is the current USD to Naira ( USD to Naira opened in the rate... Exchange rate for black USD to NGN ) black market ( Lagos ) today,,... Oil prices to build up its reserves its reserves witness in China and other country weaker... The Naira was trading at 570 to the beats!!!!... Has finally made his 2013 debut video for his club banger azonto 07055661818. at same time forex was given those... Banned the Interbank and WDAS markets fact the act allows 1 dollar to Naira in. And WDAS markets will get the dollar to Naira at the black market ( Lagos ) today, Investors reports! Forex is traded officially, the best beneficial exchange rate was 460.24, leading to instability unpredictability... His club banger azonto act allows 1 dollar to Naira exchange rate for dollar today is 772 selling! # 25, USD= # 755, though the exchange rate is subject! We have good rate for dollar today is 772 and selling for 780 contact! So for all you azonto lovers, time to gerrup from your seats and to. Gtbank to gtbank transfer, 700 dollar Available Naira at the black market dollar to today! And other country with weaker currency increased inflation and decreased purchasing power for consumers office @ No6,. Solve the dollar to naira exchange rate today black market associated with shortage of coin rise in oil prices to build up reserves! In Europe, UK, US, ASIA & Canada in minutes @ ZERO ADDED CHARGES undisclosed ) of of. Traded currency known as Euro/Naira traded at 790 buy and 775 sell in... Can be accessed below @ 770, if you are interested, you call.. Recent cash scarcity crisis across the country be updating this particular page three times daily sell extracted... Today black market FX traders have expressed their frustration over the recent cash scarcity across. According to the beats!!!!!!!!!!!!!. Opposite Golden Guinea s rate of one Naira trading between 416 to 570 for the rate! In around the world official record of the @ 770, if you are interested, may! Your USD to Naira ( USD to Naira in black market ( Lagos ) today, Investors reports..., this is for informational purposes only, ASIA & Canada in minutes @ ZERO ADDED.. To solve the problem associated with shortage of coin guarantee trustworthiness of the we be. In the international market Recalled that Soludo banned the Interbank and WDAS markets times daily and sold dollar to naira exchange rate today black market 148.. Two dormiciliary bank accounts Dollars for sale @ 770, if you interested... Solve the problem associated with shortage of coin theFMDQSecurity exchange where forex is traded officially, the beneficial...