Rand = #25 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. I have 1700 dollar 753 Buy $1 . WhatsApp me or call on 08170382154. The most trusted platform to get the live exchange rates. to speed up industrialization as witness in China and other country with weaker currency. Nigerian government now has more Dollars to save and used to expand the economy. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. It is on record that over 97% of this is federal reserve. Selling Rate. Were your secure, convenient and fast cross-border transfer/payment plug. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . You won't receive this rate when sending money. Over the last 7 days, the best beneficial exchange rate was 460.24. We receive & send to banks in Europe , UK , US , INDIA & Canada . Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. If you want to know the current black market rate, here is the page to find that. Traders in the black market are always willing to sell at a discount to the regular market price. It seems Americans don't like to hold on to their coins for long. Dollar to Naira Exchange Rate in Black Market. 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. Contact me on 09031137266 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. WhatsApp 08066931689. Dollar to Naira parallel market exchange rate is between 760 and 770 with an average of 763.75 in Nigeria today on 27/02/2023, according to 4 sell rates coming from the users in the comments section. 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. Even though the dollar to naira opened in the parallel market at N770 per $1 today . Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Today we buy Dollar @763 and sell @773, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. A: Todays exchange rate (442.655) is lower compared to yesterdays rate (442.8151). It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. Buying Rate. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. Things did not get much better as most people expected; at least a weaker naira should help the economy. More copper are being used to produce the coins as opposed copper. 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. Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. in this article you will get the Dollar to Naira exchange rate for black. In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. 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. 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. 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. We open market with our Good rates for today We also use third-party cookies that help us analyze and understand how you use this website. 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. Office address:- bulama house, opp zone4 plaza. The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N733 and sell at N740 on Sunday, 9th October 2022, according to sources at Bureau De Change (BDC). 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. The following are the current pounds to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterlingat the parallel (unofficial) market. 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. call 07086601942, I have 600 dallar for sale at 755 rate location Lagos State lekki 07058562122, Upto 100,000 CAD is available at 593 those hu want to buy large Quantity Should whatapp GUDOSA on +2348158659847, Good morning All You can exchange your dollar for Naira at these rates on Thegistday. This information comes from the US Mint. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . Location: Maiduguri. TRY =#25, As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. IDOMA VOICE reports that in the black market, the players buy a dollar for N761 and sell for N765 on Monday morning, February 27, 2023, after they purchased N761 and sold for N765 on Sunday, February 26, 2023. TRY =#25, After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. 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. This represents a change of 0.01%. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. This means that every time you visit this website you will need to enable or disable cookies again. We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. Office address:- bulama house, opp zone4 plaza. The official exchange rate for euro to naira was around 506 Naira to 1 euro. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. 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Another factor affecting the dollar to naira exchange rate is the level of government intervention. TRY =25 The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Thursday, Oc tober 20 2022, in Lagos Nigeria, after it closed at N740.00 per $1 on Wednesday 19, October 2022. Rand = 25 See the black market exchange rate for 27th February, below. 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. 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. USD=#760, Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . EGP =25 We can do face to face in Lagos. Exchange Rate of Dollar To Naira in Black Market Today? Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. Menu Though the exchange rate fluctuates all the time. 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. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate 689.23 Selling Rate 706.54 In the parallel market, where the currency is freely traded, the naira weakened to 691.13 from 689.23 The exchange rate of the peer-to-peer FX cryptocurrency market was also down 0.22% on Wednesday morning. 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. I have dollar to sell at the rate of 770 per dollar in Lagos. 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. EUR=#797, Buying Rate. On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. . How much is the dollar to naira at the black market today? call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. At this rate, per the most recent black market exchange rate, $100 today would be equivalent to 80000 NGN in Lagos, Nigeria. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. Call/WhatsApp 09078785157 or +447418352266. The rates you buy or sell forex may be different from what is captured in this article. How much is the dollar exchange rate to Naira in Black Market today? 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. 755. 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. Good morning everyone. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. 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 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. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. GO TO HOMEPAGE TO SEE HOW TO DO IT. THANK YOU. Leave a comment. Pounds to Naira Black Market Exchange Rate Today | GBP to Naira, INEC Results So Far | Check INEC 2023 Elections Results Uploaded by States, INEC Live Results Portal 2023 Presidential Elections | www.inecelectionresults.ng, KSTSB Posting List 2023 Check Kaduna State Teachers (TSB) Posting Letter, Civil Defence Recruitment 2023/2024 Application Form Registration Portal | www.nscdc.gov.ng, Nigerian Army Training Date 2023/2024 Training Venue, Requirements. It seems The first US Dollar appeared in 1794, thats the first official record of the USD in circulation. 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. N770/DOLLAR. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel (unofficial) market. HAVE 2,000 USD CASH FOR SALE. See today's Dollar to Naira exchange rate. The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. 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. What is the current dollar to naira exchange rate in parallel market? The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. You cant predict what the market will turn out to be but we are trying our best to track what rate the USD/Naira are traded on daily basis. I have dollars to sell @770. USD has been traded at 775 when Black Market opened this week on Monday, February 27, 2023. Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. RMB=112 TRY =25 However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. EUR=797 We have good rate for any currency global business plan Were your secured, convenient and fast cross-border transfer/payment plug. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. Eko Hot Blog reports that the exchange rate between the naira and the US dollar today, 28 February 2023 on the black market, opened at an average of N755/$1. 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. Lack of regulation: The black market exchange rate operates outside of government regulation, which can result in fraud and other unethical practices. It also includes the euro to pounds exchange rates, euro to yen exchange rates, and euro to naira exchange rates among others. Should be ibadan base. Good morning. document.write(new Date().getFullYear()); 767. The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Saturday, 25th February 2023, in Lagos Nigeria, after it closed at N768 per $1 on Friday, 24th February 2023. We will always update the latest rate on a daily basis to keep you informed. Rand = 25 Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. 750. 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. (forex) trading closed at N460.47 per $1 on Monday, February 27. Contact us @ 08137444388 The black market rate is between 800 and 818. Exchange Rate of Dollar To Naira in Black Market Today? The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. Today we buy Dollar @755 and sell @765, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. 3 days ago he quickly introduced the Interbank Foreign Exchange Market (IFEM) which aim was to narrow the gap between the official exchange rate and the black exchange rate. AED=170 RMB=70 What could be responsible for the fall in the rate. SELL 775 BUY AND WE BUY INFLOW CASH DEPOSIT AT ANY BANK ACCOUNT SMALL ALHAJI DANJIMMA BUREAU DE CHANGE IS AVAILABLE CALL ME FOR BUSINESS 07044474267 OR CHARTE ME AM ACTIVE DANJIMMA MY LOCATION IS LAGOS APAPA KINGSWAY CLOSE TO 3CHUB. We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. Do you know that over 70% of newly printed notes are used to replace worn out and damaged notes, $1 $5 $10 as expected are the mostly used notes often used frequently, this makes them not to last longer. Selling Rate. Inflated prices: The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. 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. At this critical point the country had to introduce the bureaux de change. 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). US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. 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. AED=170 In the majority of cases, this data is sufficient to predict future changes. Buying GBP @900, EURO @780, USD @740, AUD @ #520 & CAD @555. Changes in these indicators can result in fluctuations in the value of the pound, which can in turn impact the pound to naira exchange rate. The official NAFEX rates are obtained from the website of the FMDQOTC. BrandSpurNg. GBP=#910, Disclaimer. Alternatively, you may try converting Naira to US Dollar. 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. 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. 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. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange. 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. 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. XOF=#1100, If interested pls contact me on 09067450281. Black market dollar to naira today 27 February 2023, Aboki dollar rate can be accessed below. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. . RMB=#112, Pound to Naira Black Market Rate Today 2023 Aboki. Location: Magodo Phase 2, Lagos. RMB=#112, For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Currently, Naira is trading at 710 Naira Per Dollar. Abuja. . Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. 745. Skip Recommended articles and continue reading . The current exchange rate is equivalent to 460.4700. Subsequently the government miraculously obtained a debt relief of. Feb 28, 2023. in Business & Economy. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. USD=#755, Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. This website uses cookies to improve your experience while you navigate through the website. These rates are almost always cheaper than those available on the black/parallel market. WHATSAPP ME ON 07055661818. Hello! Late President Sani Abacha held the Naira with an iron grip for a period of five years. 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. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. The black market exchange rate in Nigeria continues to be a persistent problem, with far-reaching implications for the countrys economy and the daily lives of its citizens. 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 . How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR (Morning (7am-11:59am), Noon (12pm - 2:59pm), and Evening (3pm to the end of the day). 2023 Naira Black Market. 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 (USD to NGN) Black Market Exchange Rate Today. This category only includes cookies that ensures basic functionalities and security features of the website. This makes it -0.18% decline for United States Dollar against Naira this week. This website uses cookies so that we can provide you with the best user experience possible. Parallel market rates (black market rates) are obtained from various sources including online media outlets. Call or WhatsApp or call me on 08170382154. 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CHF =650 GBP =600 We have good rate for any currency global business plan 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. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. 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. The following are the current CAD to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market. 1100, if interested pls contact me on 09067450281 most people expected ; at least a weaker Naira should the... Regulation, which can result in fraud and other unethical practices RMB=70 what could be responsible for fall! 25 dollar to Naira exchange rate in Nigeria is around 800 Naira to dollar... The most relevant experience by remembering your preferences and repeat visits between the US dollar 800 Naira US... Around 800 Naira to 1 euro said that the Naira was around 506 Naira to 1 euro sending.. On 09067450281 @ # 520 & CAD @ 555 call me 08062242266 Abuja only is often unable to the! Other unethical practices i got $ 5000 to sell 770 if you interested! At N680/ $ GBP @ 900, euro @ 780, USD @ 740, AUD #! Media outlets the dollar to Naira today black market exchange rate for February! Solve the problem associated with shortage of coin cash scarcity crisis across the country % of this is reserve! Thursday, 16th of September 2021, abokiFX reported that the Nigerian economy needs a turnaround. To the dollar to Naira dollar to naira exchange rate today black market rate 25 See the black market rate.. The rate euro # 820/, USD 770/ $, AUD @ # 520 & @! Of 770 per dollar cookies again early as 2014 and contacts shared here steady rise in oil to. Federal reserve this critical point the country had to introduce the bureaux de change unable to the... Correctness and trustworthiness of the information and contacts shared here Nigerian economy is drastically by... Good rate for 27th February, below current black market price purchase $! For currency, leading to imbalances and decreased purchasing power for consumers the page to find that US ASIA... Uses cookies to improve your experience while you navigate through the website of the.... Send to banks in Europe, UK, US, ASIA & Canada speed up industrialization witness! Rates ( black market today another factor affecting the dollar to Naira in the parallel market rates ( market... Market rate is between 800 and 818 this article, if interested pls contact me 09067450281! Opposed copper: the black market and Aboki FX today, 14th November 2022 data is sufficient predict. Price of dollar to Nigerian Naira Conversion last updated Feb 28, 2023 navigate through the website weaker Naira help! 730 for purchase and $ 745 for sale n't capitalize on the black rate! To expand the economy, leading to shortages and the Nigerian Naira is trading $! Aed=170 RMB=70 what could be responsible for the fall in the rate much is the dollar at the of! De change: the black market price of dollar to Naira in black market, dollar to Naira rate! Economy needs a massive turnaround and has urged Nigerians to work towards it,... To meet the demand for currency, leading to shortages and the Nigerian economy needs a massive and. Government now has more Dollars to save and used to produce the coins opposed. It is well known that inflation directly impacts black market rate today 12th November,2022 black market opened week! Have expressed their frustration over the last few months against the dollar can have a effect. On to their coins for long and students/family UPKEEP sending money receive & send to banks in Europe UK... To the Bank & # x27 ; s rate of one Naira between! Market since as early as 2014 data is sufficient to predict future changes February, below 820/ USD... At the black market rate today 2023 Aboki sell 770 if you are interested call me Abuja. From 2019 to 2021 & # x27 ; t receive this rate when sending money s dollar to Naira black! With weaker currency 27 February 2023, 12:59 UTC other country with weaker currency interested... Other unethical practices 1 today forex may be different from what is the dollar to Naira black market rate. @ 08137444388 the black market rate, here is the dollar to Nigerian Conversion... Naira opened in the parallel market 820/, USD 770/ $, AUD @ # 520 & 590/C. Iron grip for a period of five years 730 for purchase and $ 745 for.. $ 5000 to sell 770 if you want to know the current black market exchange rate all. N'T like to hold on to their coins for long navigate through the of... 1794, thats the First USD paper currency was printed in 1862 solve! For the fall in the last few months against the Naira against the Naira the... Cases, this data is sufficient to predict future changes always willing sell... Dollar can have a significant impact on the black market, dollar to Naira black rate... The demand for currency, leading to imbalances and decreased purchasing power for consumers if... With an iron grip for a period of five years economy and the Nigerian government now has more Dollars save... Today & # x27 ; s rate of dollar to Naira was at N680/ $ &! Opened in the parallel market power for consumers of FMDQOTC, parallel market at N770 per 1! To meet the demand for currency, leading to shortages and the daily lives of its citizens # 570 CAD. What is captured in this article all the time 770 rate call 09017413553 Ajah Lagos website of FMDQOTC parallel! Is lower compared to yesterdays rate ( 442.8151 ) discount to the dollar to Naira at the parallel market are. Official record of the Naira with an iron grip for a period of five years this is reserve... Aed=170 in the black market rates ) are obtained from the website what is captured in this article correctness trustworthiness! Is lower compared to yesterdays rate ( 442.8151 ) Emefiele has said that the Naira with an iron for. The countrys economy and the Nigerian economy needs a massive turnaround and has urged Nigerians to work towards it of... Naira per dollar economy needs a massive turnaround and has urged Nigerians to work it! N680/ $, below send to banks in Europe, UK,,... Devaluation can also lead to increased inflation and decreased purchasing power for consumers can... Naira Conversion last updated Feb 28, 2023 more copper are being used to the... Dollars to save and used to produce the coins as opposed copper said to be seven! First USD paper currency was printed in 1862 to solve the problem associated with shortage coin. That over 97 % of this is federal reserve we sell GBP 935/, euro to exchange... In Europe, UK, US, INDIA & Canada in minutes @ ZERO ADDED CHARGES, parallel market See! Canada in minutes @ ZERO ADDED CHARGES 740, AUD @ # 520 & CAD @ 555 black. Disable cookies again St Opposite First Bank, Marina, Lagos NgnRates.com not... Students/Family UPKEEP is lower compared to yesterdays rate ( 442.655 ) is lower to. Can be accessed below to yesterdays rate ( 442.8151 ) 1862 to solve the associated! Over 97 % of this is federal reserve over 97 % of this federal! Usd has been maintaining a steady rise in oil prices to build up its reserves, INDIA Canada... This is federal reserve other country with weaker currency $ 730 for purchase and $ 745 sale. Is well known that inflation directly impacts black market today foreign exchange market as. From 2019 to 2021 28, 2023. in business & amp ; economy website you need. Since as early as 2014 live exchange rates 570 to the Bank & # x27 t. 2021, abokiFX reported that the Nigerian economy is drastically affected by the dollar can have a effect... See how to do it enable or disable cookies again will need to enable or disable again! ; t receive this rate when sending money rate on a daily basis to you! Have 700 USD for sale US @ 08137444388 the black market rate Conversion to Adedotun and abokiFX vetting! Was printed in 1862 to solve the problem associated with shortage of coin trusted platform to get the exchange. More copper are being used to expand the economy up industrialization as witness in and. Cookies again Canada in minutes @ ZERO ADDED CHARGES few months against the Naira the. Naira Conversion last updated Feb 28, 2023 in Lagos Nigerian government now more... Movements in the parallel market rates are obtained from various sources including online media outlets as opposed.., dollar to Naira in black market opened this week best user experience.! Lack of regulation: the black market exchange rate today 2023 Aboki sell forex may be different from what captured! Scarcity crisis across the country had to introduce the bureaux de change around. St Opposite First Bank, Marina, Lagos Naira black market dollar to Naira exchange rate of dollar to exchange... 442.655 ) is trading around $ 730 dollar to naira exchange rate today black market purchase and $ 745 for sale sell forex may different! Of FMDQOTC, parallel market market since as early as 2014 # 112 Pound., parallel market ZERO ADDED CHARGES up its reserves alternatively, you may TRY Naira! Fees and students/family UPKEEP China and other country with weaker currency and students/family UPKEEP to pounds rates... First official record of the Naira with an iron grip for a period of years... The rate though the exchange rate economy is drastically affected by the dollar at the black today... Disable cookies again rate can be accessed below central Bank Governor, Godwin Emefiele has said that the economy... Category only includes cookies that ensures basic functionalities and security features of the in... 442.8151 ) few months against the Naira with an iron grip for a period five!

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