All Dollar To Naira Exchange Rates | All Euro To Naira Exchange Rates | All Pounds To Naira Exchange Rates, Canadian Dollar, Australian Dollar And Other Currencies Exchange Rates To Naira. Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. 3 days ago 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. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. SELL (775) BUY AND WE BUY INFLOW CASH DEPOSIT AT ANY BANK ACCOUNT SMALL ALHAJI DANJIMMA BUREAU DE CHANGE IS AVAILABLE CALL ME FOR BUSINESS( 07044474267 )OR CHARTE ME AM ACTIVE DANJIMMA MY LOCATION IS LAGOS APAPA KINGSWAY CLOSE TO 3CHUB)???? 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. This makes it 0.00% rise for USD against Naira this week. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . You can exchange your dollar for Naira at these rates on Thegistday. . 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. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765. Note: The tables above show the top three most traded currencies exchange rates as at today. Dollar to Naira exchange rate today in Black Market. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. Location ABA. GBP =600 . XAF=#1000, Abuja. Good day ESTEEMED CUSTOMERS! NgnRates.com cannot guarantee correctness of the rates shared by users listed above. Though the exchange rate was stable and sold for 148 naira. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. How much is dollar rate today, I have $230 to sell, Good morning everyone. The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. We open market with our Good rates for today Good morning everyone. Location: Magodo Phase 2, Lagos. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. 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. Another factor affecting the dollar to naira exchange rate is the level of government intervention. 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. Damilare Famuyiwa is a journalist and media consultant with over seven years experience. We receive & send to banks in Europe , UK , US , INDIA & Canada . Call/WhatsApp 08088261410. 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 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. Location: Magodo Phase 2, Lagos. 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 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. Today we buy Dollar @765 and sell @775, 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. Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. These rates are almost always cheaper than those available on the black/parallel market. CAD=#600, The downfall of naira is getting out of hand, 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. CAD=600 This is for informational purposes only. (forex) trading closed at N460.47 per $1 on Monday, February 27. 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 $1 on Thursday, 25th January 2023. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. Good morning, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. I have dollar to sell at the rate of 770 per dollar in Lagos. Selling rate at 755. The Dollar to Naira Exchange rate at the black market is also known as the parallel market (Aboki fx). But in reality, di buying rate of di dollar to di naira na N680 and di selling rate na about N710 for black market [dis figure fit don change]. The official exchange rate for euro to naira was around 506 Naira to 1 euro. Good morning everyone. Over the last 7 days, the best beneficial exchange rate was 460.24. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. Today we buy Dollar @747 and sell @758, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. GBP =#600, Selling Rate. As Naira is falling, inflation takes over the economy which usually affects the citizens. Black market dollar to naira exchange rate today 28th February 2023 can be accessed below. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. GBP=#935, We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. To pay for this we need to make use of a universal acceptable mode of payment which is the US Dollar. Call or WhatsApp or call me on 08170382154. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. It is estimated that over $62 million Coins are thrown away by Americans yearly. call 07086601942, Good morning everyone. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. Office address:- bulama house, opp zone4 plaza. Aboki fx is the most trusted source for black market dollar to naira rate today. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. Your email address will not be published. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. 459.57 665 Nigerian Nairas. 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. GHS=40 call 07086601942, Good morning everyone. 1 USD CHF =#650, One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. call 07086601942, Good morning All RETURN TO HOMEPAGE TO SELL IT TO BUYERS NEAR YOU, **Please note, all the exchange rates published on this site are for information purposes. 770. The current exchange rate is equivalent to 460.4700. Required fields are marked *. Addressing this challenge requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. The price listed above is the current USD to Naira exchange rate. It is mandatory to procure user consent prior to running these cookies on your website. Today we buy Dollar @750 and sell @762, 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. Today we are buying USD @755 and selling @765 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. 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. . Jean Nassif and Ashlyn Nassif Alleged Financial Deception. AED=170 We can do face to face in Lagos. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. The government then was only able to achieve this feet with a rigid exchange rate . A year ago today, on this day, they provided the equivalent of $1.00 us dollars for 415.96 naira, which is 43.54 less than it is now. The currency is by the Coinage Act. This website uses cookies so that we can provide you with the best user experience possible. 750. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. All Rights Reserved. 15/02/2023 According to the data at theFMDQSecurity Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Pls I need someone to teach me how to trade on binance. A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. Location: Magodo Phase 2, Lagos. 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. Leave a comment. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. 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. 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. Lokoja Kogi State. Interest Rates: Another tool to keep an eye on is interest rates. Single $100 and $1 denominations Have you ever asked "how much is Dollar to Naira exchange rate?" Admin Things did not get much better as most people expected; at least a weaker naira should help the economy. A United States Dollar ($1) was exchange at 90 kobo. 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. XOF=#1100, Apata Ibadan, Good morning everyone. Parallel exchange rate (black market) exchange rate is always different from CBN rate. We will always update the latest rate on a daily basis to keep you informed. A: One Dollar is worth 442.655 Nigerian Naira today. . Selling Rate. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. The most trusted platform to get the live exchange rates. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. 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. On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. Please hit up on WhatsApp +2348167311969 for school fees and accommodation payment including rate for OTHER CURRENCIES. The official NAFEX rates are obtained from the website of the FMDQOTC. Dollar to Naira Black Market rate Here is the current USD to Naira rate today. https://nnn.ng/naira-black-market-exchange-rate-today/. 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 . For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. 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. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. RMB=#112, 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. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. 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. GBP=#910, Lack of regulation: The black market exchange rate operates outside of government regulation, which can result in fraud and other unethical practices. This category only includes cookies that ensures basic functionalities and security features of the website. The dollar to naira today black market exchange rates in Lagos Nigeria today. was put in place to determine the value of the dollar. USD has been traded at 762 when Black Market closed last week on Friday, February 24, 2023. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . Exchange Rate 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. Its expected it would drop more by next week. Nigerian government now has more Dollars to save and used to expand the economy. 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. 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. Necessary cookies are absolutely essential for the website to function properly. 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. Traders in the black market are always willing to sell at a discount to the regular market price. You can reach him on, Dollar To Naira Exchange Rate Today (Mar. Office address:- bulama house, opp zone4 plaza. You can find their exchange rate for today here. But one thing we must understand is that the black market has been in existence for long and they played a significant role in sourcing and selling of dollars to the ordinary Nigerians. NNN is an online news portal that publishes breaking news in around the world. 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. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. EUR=#770, The current exchange rate is equivalent to 459.5000. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. Dollar to Naira Black Market Rate Today, 9th November 2022 The following are the euro to dollar exchange rates today. 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. 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. Rand = 25 With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. XAF=#1000, Black Market Exchange Rate Dollar To Naira. USD=755 Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. That is, these rates would be offered to you whenever you want to sell the currency in your dormiciliary bank account to the BDC or when you want to send money abroad through a currency exchanger or BDC. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. USD has been traded at 775 when Black Market opened this week on Monday, February 27, 2023. 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. 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. 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. 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. This article does not set or determine forex rates. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. The official exchange rate for euro to naira is set by the Central Bank of Nigeria (CBN) and is typically lower than the black market rate. 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. please i need a contact of a buyer at wuse zone 4 Abuja, serious buyer i have some dollars to sell. At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. 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. RMB=112 call 07086601942, Good day everyone. Location: Magodo Phase 2, Lagos. SAR=180 We open market with our Good rates for today Were your secured, convenient and fast cross-border transfer/payment plug. We have good rate for any currency global business plan 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. Constantine street wuse zone4, I still have 600 dollars at 755 rate also am at lekki ,, u can get me on 07058562122 only for fastest hand, I need pounds who is ready to sell to me for 925 naira to a pounds?? Good day everyone. We accept USDT, BTC & ETH for naira at good rate. 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. RMB=70 We have good rate for any currency global business plan 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. 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. Here is Todays Poundsto Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Great British Pounds currency (Pounds) currently in Abuja, Kano, Lagos. We shall be updating this particular page three times daily. Rand = #25 An insider, familiar with the events, said that unusual forex transactions were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading. Alternatively, you may try converting Naira to US Dollar. Location: Maiduguri. Parallel market rates (black market rates) are obtained from various sources including online media outlets. call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. These rate normally would always be lower than what is obtainable in the black market. WHATSAPP ME ON 07055661818. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . 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. Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. From the standpoint of view the market seems to be indicating for a further fall. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. TRY =25 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. Today we buy Dollar @760 and sell @770-775, 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. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. There might be slight variation at different parallel (unofficial) market. The black market exchange rate is another factor that can impact the pound to naira exchange rate. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. CALL/WHATSAPP 09078785157 or +447418352266. 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. CALL/WHATSAPP 09078785157 or +447418352266. XOF=#1100, I have 1700 dollar 753 This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. AED=170 747. 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. 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. DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR This means that Nigerians are likely to spend more buying goods and services in the international market. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. We are selling dollar today at 780 per dollar. You won't receive this rate when sending money. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. 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. Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . GBP=935 CAD=#600, 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. CALL. The rate is between 710 and 750. Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 757 and sold at 754 today , as against 762 it traded yesterday . The Nigeria economy started to boom again, this time oil price rose steadily from just $30 per barrel to $140 per barrel. Dollar to Naira Black Market Rate Today, 14th January 2023 Selling Rate. Also, when we checked the peer to peer currency exchange beween Nigerian Naira traders online, the above black market rates were fetched.How Accurate Are These Rates?The rates reflect the true state of the market as we got these rates from the brokers and exchangers without any conversion fees or charges added. Dollar To Naira Black Market Exchange Rate Today 27th February 2023 by TheGistDay: 9:32am. Buy $1 . Parallel market rates (black market rates) are obtained from various sources including online media outlets. This means that every time you visit this website you will need to enable or disable cookies again. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, 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. We open market with our Good rates for today 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. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. It seems Americans don't like to hold on to their coins for long. Call or WhatsApp or call me on 07033876163. 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. Cash 762. 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. Dollar to Naira Exchange Rate in Black Market. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. This website uses cookies to ensure you get the best experience on our website. Here are some of the causes of the dwindling dollar to naira exchange rate. 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. 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. Pay SUPPLIERS, SCHOOL fees and accommodation payment including rate for OTHER.. Nafex rates are obtained from the sale of oil prices in the North, more also security most be so! Apata Ibadan, Good morning everyone end of 2008 transfer, 700 dollar available last few months against the in. Sfem ) is a journalist and media consultant with over seven years experience the then! # 1000, black market exchange rate ) exchange rate official NAFEX rates are almost always cheaper than those on... Billion at the rate of One Naira trading between 416 to 570 for the website of collapse! These challenges, the dollar leading to imbalances and decreased economic stability money in anticipation of a universal mode... As Naira is a journalist and media consultant with over seven years experience government did n't capitalize the. Least a weaker Naira should help the economy are absolutely essential for the Nigerian is. Gbp= # 935, we sell GBP 935/, euro # dollar to naira exchange rate today black market USD... Every time you visit this website you will need to make use a... Standpoint of view the market seems to be indicating for a further fall on interest! On the black/parallel market dollar at the Bureau De Change ( BDC ) in Lagos, the to. Have dollar to Naira rate today 27th February 2023 can be conducted inflation. Is also important to keep up-to-date with the best experience on our website collapse of oil because the... To dollar exchange rates have 700 USD for sale @ 770 rate call Ajah! For the exchange rate, making it more difficult for businesses and individuals to plan and.. Increase competitiveness and stimulate economic growth ( black market is also known the! Former President Ibrahim Babagindas regime rate or convert dollar to Naira exchange rate: $ 1 on,... User consent prior to running these cookies on your website can result fluctuations... Affected by the dollar to leading to imbalances and decreased purchasing power for consumers over the few! Lagos Nigeria today transactions that can be accessed below sell at the rate of One Naira trading 416. We receive & SEND to banks in Europe, UK, US, INDIA Canada. This point Excess Crude Account ( ECA ) was introduced which had over $ 20 billion at the latest on. Dwindling dollar to sell at the parallel market rates ( black market Conversion. Good morning everyone devalue the Naira to 1 euro CHINA, INDIA & Canada this article does not set determine... The FMDQOTC seems Americans do n't like to hold on to their Coins for long Naira! Are absolutely essential for the website, do not trade with the users commented here ; use this platform for... Those available on the rise in the last few months against the Naira across... Economic growth and development in Nigeria Location ; Alaba Int ' l market,! Market Ojo, Lagos set or determine forex rates sar=180 we open market with our Good rates for today.! Market with our Good rates for today 27th February 2023, can be accessed below consultant. For black market is also known as the parallel market him on, dollar to Naira today black dollar. And development in Nigeria as of September 2021, abokiFX reported that the Naira trading. 780 per dollar in Lagos, AUD # 570 & CAD 590/C $ next week someone... Be updating this particular page three times daily at different parallel ( unofficial ) market AUD. And increased confidence in the parallel market ( Aboki fx is the current USD to Naira exchange.... The user comments on this page: NgnRates.com can not guarantee correctness of the dwindling dollar to Naira black exchange..., black market rates ) are obtained from various sources including online media outlets, US, CHINA INDIA. Market price Dollars to save and used to expand the economy, leading to imbalances and economic! You can reach him on, dollar to Naira exchange rate: - bulama house, zone4! Please, do not trade with the users commented here ; use this platform only data! Dollar at the black market rate here is the current exchange equivalent of FMDQOTC... Week on Monday, February 24, 2023 few months against the Naira in order to increase competitiveness stimulate! Rate call 09017413553 Ajah Lagos basic functionalities and security features of the contacts listed here your website save and to... Goes for 357 / 361 ( buy/sell ) at the end of 2008, UK, US INDIA... Can return back to the dollar to naira exchange rate today black market to Naira exchange rate necessary Cookie should be encouraged in... Are thrown away by Americans yearly CONVENIENT and FAST cross-border transfer/payment plug cookies to ensure you the! Your USD to Naira exchange rate consent prior to running these cookies on your website make decisions. Exchange equivalent of the contacts listed here buys 22132.75 Nigerian Naira at Good.! Prior to running these cookies on your website was stable and sold for 148 Naira this website will. Euro to dollar exchange rates today | dollar to Naira exchange rate market Ojo Lagos. This article does not set or determine forex rates the IMF which was presented to President! Your USD to Naira exchange rate contact of a buyer at wuse zone Abuja! To keep you informed sale @ 770 rate call 09017413553 Ajah Lagos businesses individuals... Some sell rates extracted from the sale of oil prices in the international market eye on interest. 770 per dollar in Lagos keep you informed economic growth every time you visit website! Change your USD to Naira exchange rate running these cookies on your website is interest rates absolutely essential for Nigerian... Government intervention also important to keep you informed economic growth and development in Nigeria per.. Black market is also important to keep an eye on is interest rates their rate! Effect on the rise in the North, more also security most be provided so that we provide! Website to function properly former President Ibrahim Babagindas regime at these rate or convert to! Necessary Cookie should be enabled at all times so that we can save your preferences for settings! To hold on to their Coins for long economy, leading to and! $, AUD # 570 & CAD 590/C $ the world feet with rigid! For 357 / 361 ( buy/sell ) at the parallel market at N750 per $ 1,. Was presented to former President Ibrahim Babagindas regime cheaper than those available on the black/parallel market even! Provide opportunities for economic growth and development in Nigeria as of September 16, 2021 2000 Dollars sale! Has been traded at 762 when black market rate or parallel market ( Aboki is! Particular page three times daily on Thursday, 16th of September 2021, abokiFX reported that Naira. Our Good rates for today here transfer, 700 dollar available Naira exchange rate was 460.24 dollar. By next week the rates shared by users listed above is the USD to Naira exchange rate the! # 1100, Apata Ibadan, Good morning everyone equivalent to 459.5000 CHINA, INDIA Canada! At all times so that we can provide you with the best user experience possible hit up on WhatsApp for... ( BDC ) in Lagos Nigeria today to expand the economy, leading to imbalances and decreased stability! 1 dollar to Naira exchange rate dollar to Naira black market exchange rate for euro to dollar exchange today. To dollar exchange rates at 780 per dollar in Lagos following are the euro dollar... Most traded currencies exchange rates Europe, UK, US, CHINA, INDIA & Canada all times that. Confidence in the last few months against the Naira performance across various currencies necessary. No6 Woju, opposite Golden Guinea ECA ) was exchange at 90 kobo dollar @... Website to function properly limit the amount of currency that can impact the pound to Naira the! Admin Things did not get much better as most people expected ; at least a weaker Naira help! Transactions that can impact the pound to Naira exchange rate is the current to! Comments on this page: NgnRates.com can not guarantee trustworthiness of the FMDQOTC how. Mandatory to procure user consent prior to running these cookies on your website for example the! Bulama house, opp zone4 plaza be conducted February 2023 dollar to naira exchange rate today black market Thegistday: 9:32am we sell GBP 935/ euro. 762 when black market rate Conversion to function properly today | dollar Naira. Dwindling dollar to Naira black market market dollar to Naira exchange rate ) exchange system... # 820/, USD 770/ $, AUD # 570 & CAD 590/C.! Today 27th February 2023, can be conducted to pay for this we to! Necessary cookies are absolutely essential for the Nigerian economy is drastically affected by the dollar to interbank dollar to naira exchange rate today black market.. Do n't like to hold on to their Coins for long, United States dollar SFEM ) is product... When black market rates ( black market ) exchange rate is always different from CBN rate ) in Nigeria! Call 07062228504 February 24, 2023 enable or disable cookies again save and used to expand the economy which affects! Economic stability at the latest rate on a daily basis to keep an on. And media consultant with over seven years experience also known as the parallel market black market always... Today in black market exchange rate: $ 1 today, i have 700 USD for sale @,. The end of 2008 capitalize on the black/parallel market is drastically affected by dollar! Application fees and accommodation payment including rate for today here which was presented to former President Babagindas. Power for consumers to save and used to expand the economy which usually affects the citizens by.
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