This leaves a question if devaluation of the Naira under a flexible exchange rate will solve the problem once and for all. We have good rate for any currency global business plan EGP =#25, 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. Constantine street wuse zone4. 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. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). . This website uses cookies so that we can provide you with the best user experience possible. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. CALL/WHATSAPP 09078785157 or +447418352266. Nigerian government now has more Dollars to save and used to expand the economy. Location: Magodo Phase 2, Lagos. We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. Please call 07018514847, Good morning everyone. 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. Another factor affecting the pound to naira exchange rate is the level of government intervention. VI 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. These rate normally would always be lower than what is obtainable in the black market. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Thursday, 26th January 2023, in Lagos Nigeria, after it closed at N752 per $1 on Wednesday, 25th January 2023. However, it is important to note that the black market exchange rate is highly volatile and subject to constant change based on supply and demand in the market. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. Pound to Naira Black Market Rate Today 2023 Aboki. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. 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. These rates are almost always cheaper than those available on the black/parallel market. 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. There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. Necessary cookies are absolutely essential for the website to function properly. 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. WhatsApp me or call on 08170382154. 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 (forex) trading closed at N460.47 per $1 on Monday, February 27. . 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. It seems The first US Dollar appeared in 1794, thats the first official record of the USD in circulation. TRY =#25, These cookies do not store any personal information. 07065344337 Wizkid has finally made his 2013 debut video for his club banger Azonto. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market. 1 NGN = 0.00217592 USD. Dollar to Naira exchange rate today in Black Market. 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 rate you may finally get at the BDC or Aboki on the street maybe a little higher or lower than the exchange rates displayed here. It is mandatory to procure user consent prior to running these cookies on your website. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. You have to understand that the Naira is under pressure, leaving the FX market in a constant state of flux. Serious buyers. Good morning ESTEEMED CUSTOMERS! You also have the option to opt-out of these cookies. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. 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. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. Buying Rate. The rates you buy or sell forex may be different from what is captured in this article. Single $100 and $1 denominations NNN is an online news portal that publishes breaking news in around the world. EUR=#770, Though the exchange rate fluctuates all the time. Selling Rate. Call or WhatsApp or call me on 08170382154. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. We open market with our Good rates for today Currency scarcity: One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency, which is often caused by the governments inability to meet demand. We open market with our Good rates for today Parallel market rates (black market rates) are obtained from various sources including online media outlets. How much is the dollar exchange rate to Naira in Black Market today? As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. 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. USD has been traded at 762 when Black Market closed last week on Friday, February 24, 2023. and went high to 164 naira at the end of 2014. Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. 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. 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. 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. CHF =650 Have more questions? This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. Currently, Naira is trading at 710 Naira Per Dollar. CAD=600 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. It is quite different from the cash rates. We sell GBP for 935/, EURO for #820/, USD for 755/$, AUD @ #555 & CAD for 580/C$. There might be slight variation at different parallel (unofficial) market. 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. 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. BrandSpurNg. 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. USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. call 07086601942, Good morning everyone. We are using cookies to give you the best experience on our website. The rate at which you can buy or sell dollars for naira on the CBN's website, cbn.gov.ng, is known as the exchange rate. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. 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. You can find their exchange rate for today here. 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 bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. Good day everyone. To pay for this we need to make use of a universal acceptable mode of payment which is the US Dollar. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Traders in the black market are always willing to sell at a discount to the regular market price. Selling rate at 755. Buying GBP @900, EURO @780, USD @740, AUD @ #520 & CAD @555. Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . 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. If inflows are high, the naira exchange rate will rise in favour of the naira. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. Location: Magodo Phase 2, Lagos. Office address:- bulama house, opp zone4 plaza. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. 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. imagine 1dollar trading at #585. 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. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. Office address:- bulama house, opp zone4 plaza. This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. See the black market exchange rate for 27th February, below. Save my name, email, and website in this browser for the next time I comment. TRY =25 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. 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 $1 on Thursday, 25th January 2023. Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. When we compare last week's numbers with todays (01/03/2023) rate, the average of Dollar to Naira rate saw a 6.5 points decrease from 764.00 to 757.50 which equals to a 0.85% fall. Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. We accept USDT, BTC & ETH for naira at good rate. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. Today we buy Dollar @757 and sell @767, 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. This website uses cookies to ensure you get the best experience on our website. The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. We have good rate for any currency global business plan 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. 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. A: One Dollar is worth 442.655 Nigerian Naira today. call 07086601942. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. As of the time of writing, the dollar to Naira black market rate is around 750 Naira to 1 US dollar, while the official rate is around 460 Naira to 1 US dollar. These cookies will be stored in your browser only with your consent. 747. 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. Therefore, if you wish to sell for $100 on the black market, you will do so for 79000 NGN. CHF =#650, In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for pounds in the unofficial market. It is estimated that over $62 million Coins are thrown away by Americans yearly. 2023 Naira Black Market. Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. call 07086601942, Good morning All It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . 09070898159, I have 570$ for sell and am selling it 770 this is my telephone number 09136897913 only if you are in Lagos, Good morning everyone, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. 770. SAR=180 In the majority of cases, this data is sufficient to predict future changes. call 07086601942, Good morning everyone. From the standpoint of view the market seems to be indicating for a further fall. document.write(new Date().getFullYear()); Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who . 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 . Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. 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. Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng). call 07086601942, Good day everyone. 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 . IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. Check send rates. 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Dollar to Naira Black Market Rate Today, 9th November 2022 Good day ESTEEMED CUSTOMERS! CHF =650 This website uses cookies to improve your experience while you navigate through the website. The rates you buy or sell forex may be different from what is captured in this article. The rates are served according to theMorning,AfternoonandEvening trading sessions. Jean Nassif and Ashlyn Nassif Alleged Financial Deception. call 07086601942, Good morning everyone. 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.