abokifx exchange rate in nigeria today

This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. Factors Influencing Foreign Exchange Rates 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. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. WebMonthly data for the market currency exchange rates in Nigeria. What is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. 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. A Dollar to Naira Today in Black Market - 3/16/2023 is Naira Black Market Rates Dollar to Naira rate BUY DOLLAR (USD) SELL Pound to Naira rate BUY POUND (GBP) SELL Euro to Naira rate BUY EURO (EUR) The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. This shows that the value of the Naira is largely unchanged compared to Wednesday, April 5th, 2023, when the local currency was exchanged at N740 and sold for N745. In addition, Nigeria has been grappling with high inflation rates for several years, which has weakened the value of the naira, making it less attractive to investors. All rights reserved. The rates you buy or sell forex may be different from what is captured in this article. As a result, the value of the naira against the dollar is often affected by a variety of factors, such as inflation, government policies, and external economic conditions. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira. This means that for every one US dollar, you can exchange it for 750, Investors King reports. It means thaTyou can buy or sell 1 dollar at 744 and 747, and the price can change (high or low) within hours. Follow social media accounts of financial experts: Following social media accounts of financial experts such as analysts, economists, and financial advisors can give you valuable insights into the latest trends in the currency markets. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. Your comment will be published after the review process. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = 100 Happy New Month Messages, Wishes, Quotes 2023, 100 Happy New Month Messages, Wishes, Quotes For April 2023, 50 visa interview questions and answer you should practice before going to the embassy, ASUU Strike: Latest ASUU Strike News Update Today, Blogger Outreach Agency For Guest Posting Services, Dollar To Naira Today Black Market Rate Conversion Today, GooglePay: 100 FAQ Google Pay and Answers about Google Pay, Happy Valentines Day 2023: Messages, Wishes, Quotes, How to get, check, verify NIN number on MTN, Glo, Airtel, 9mobile via USSD, Leadership Newspaper Today Nigeria News, Nigeria News Today: Breaking Naija News NNN, Payoneer: 100 Payoneer FAQ and answers about Payoneer, Stripe: 100 Stripe FAQ and answers about Stripe payments, The Guardian News paper Today Nigeria News, ThisDay Newspaper Today Latest News headlines, How much is dollar to naira today in black market, Zara launches circular textile collection made from recycled waste. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). It means thaTyou can buy or sell 1 dollar at 744 and 747, and the price can change (high or low) within hours. On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. 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. Exchange Rate of Dollar To Naira in Black Market Today? This article does not set or determine forex rates. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. Save my name, email, and website in this browser for the next time I comment. According toInvestors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for N750 and sold for N745. Required fields are marked *. Everything comes from China, India, and the majority of Asian countries. 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. The rate at which you can buy or sell dollars for naira on the CBNs website,cbn.gov.ng, is known as the exchange rate. You can reach him at. Check the Central Bank of Nigerias website: The CBN is responsible for regulating the countrys monetary policy and is a reliable source for the latest exchange rates. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. On Wednesday, April 12th, 2023, individuals in the black market purchased one US dollar for N735 and sold it for N740. If inflows are substantial, the currency rate will move in the nairas favor. 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. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. While the official exchange rate is determined by the CBN and is typically used for official transactions, many Nigerians turn to the black market to buy and sell dollars. WebThe most trusted platform to get the live exchange rates. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. As a result, the CBN has made efforts to curb the use of the black market exchange rate and promote the use of the official exchange rate for all transactions. WebMonthly data for the market currency exchange rates in Nigeria. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. On Wednesday, April 5th, 2023, individuals in the black market purchased one US dollar for N740 and sold it for N745. This means that for every one US dollar, you can exchange it for 745,Investors Kingreports. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. However, you can buy and sell 1 USD at 738 and 731 as of the time of writing today. Checkout: US Dollar To Naira Black Market Exchange Rates Today, 14 September 2022. 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. Follow financial news outlets: Financial news outlets such as. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. At current exchange rates, you may convert dollars to naira. 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. 740. 750. One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. Notify me of follow-up comments by email. Exchange Rate of Dollar To Naira in Black Market Today? BrandSpurNg. The official, rates are obtained from the website of the. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. Convert foreign currencies instantly with the Abokifx calculator. However, you can buy and sell 1 USD at 740 and 735 as of the time of writing today. However, the black market exchange rate is often associated with risks, such as fraud, counterfeit currency, and scams. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. 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. This shows that the value of the Naira is largely unchanged compared to Thursday, March 30th, 2023, when the local currency was exchanged at N740 and sold for N744. These cookies will be stored in your browser only with your consent. The global economys performance, crude oil prices, and other external factors can influence the dollar to naira exchange rate on the black market. It is one of the monetary policies of the apex bank. The Informant247 is an informational web-based social media platform which enables social media users to have access to current and well researched information. Investors King understands that although the dollar to naira opened at N731 per $1 in the parallel market today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. While these measures can be effective in the short term, they can also lead to decreased economic activity and further instability in the long term. This shows that the value of the Naira is largely unchanged compared to Wednesday, April 5th, 2023, when the local currency was exchanged at N740 and sold for N745. 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. Pounds to Naira Black Market Rate Today Abokifx - Aboki Forex How much is Pound to Naira? 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The dollar to naira black market rate is the unofficial exchange rate of the US dollar to the Nigerian naira in the parallel market, which is also known as the black market. The resulting depreciation of the naira against the dollar on the black market has increased the exchange rate. China, India, and the majority of Asian nations are the source of everything. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. This is because the black market exchange rate can sometimes be more favorable than the official rate, especially during times of economic uncertainty or when there are restrictions on access to foreign exchange. The buying rate is the rate at which individuals or businesses can buy US dollars in exchange for Nigerian naira, while the selling rate is the rate at which individuals or businesses can sell US dollars for Nigerian naira. 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. The unofficial foreign exchange market rate is unregulated, it is considered illegal and anyone who trades in this market could be arrested if the apex bank is determined to exercise its monetary power as we The naira will gain if the Nigerian economy can be stabilized and inflation is kept under control; however, if the naira keeps falling, it might mean that food and other needs are getting more expensive on a daily basis. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. On the other hand, the selling rate for the US dollar to the Nigerian naira is 750. 740. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. This cookie is set by GDPR Cookie Consent plugin. Comments expressed here do not reflect the views of abokiFX Ltd. Factors Influencing Foreign Exchange Rates It is one of the monetary policies of the apex bank. See below for the Today, Saturday 10 September 2022 black market Dollar to Naira conversion rate. To stay informed about the dollar to naira exchange rate, there are a number of reliable sources that you can turn to. The dollar to naira today black market exchange rates in Lagos Nigeria today. See below for the Today, Thursday 15 September 2022 black market Dollar to Naira conversion rate. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). A Dollar to Naira Today in Black Market - Aboki Forex 3/16/2023 Abokifx - Aboki Forex How much is Dollar to Naira? The cookie is used to store the user consent for the cookies in the category "Performance". Nigeria is one of many countries that use the abokifx exchange rate system. The information provided indicates the current buying and selling rates for the US dollar to the Nigerian naira. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. 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. A rise in the interest rate at which banks lend money would be detrimental to the economy, cause it to contract, and consequently lower the value of the naira. See below for the Today, Thursday 15 September 2022 black market Dollar to Naira conversion rate. 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. At current exchange rates, you may convert dollars to naira. Your comment will be published after the review process. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? Dollar to Naira Black Market Rate Today (Aboki Dollar to Naira today) The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N676 and sell it at N680 on Sunday, August 14th, 2022, according to sources at Bureau De Change (BDC). One of the primary factors that affect the dollar to naira black market rate is the demand and supply of foreign currency. According toInvestors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for N745 and sold for N740. By clicking Accept, you consent to the use of ALL the cookies. 750. On Monday, January 16, 2023, it opened at N750.00 per $1. On Monday, January 16, 2023, it opened at N750.00 per $1. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. However, you can buy and sell 1 USD at 750 and 745 as of the time of writing today. Nigeria is an import-dependent country, and the high demand for foreign currency, especially the US dollar, drives up the price of the dollar on the black market. The dollar to naira today black market exchange rates in Lagos Nigeria today. 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. 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. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. Dollar to Naira Black Market Rate Today (Aboki Dollar to Naira today) The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N676 and sell it at N680 on Sunday, August 14th, 2022, according to sources at Bureau De Change (BDC). The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. At current exchange rates, you may convert dollars to naira. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, **XAF Central African CFA Franc (Cameroon CFA Cam), We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Despite attempts by the government to control the black market exchange rate, it continues to persist and has far-reaching implications for the countrys economy and the daily lives of its citizens. The cookie is used to store the user consent for the cookies in the category "Other. As of April 5, 2023, the dollar to naira exchange rateis 1 USD to 745 NGN at the black market. Nigeria is one of many countries that use the abokifx exchange rate system. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. The CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange. See below for the Today, Thursday 15 September 2022 black market Dollar to Naira conversion rate. On Thursday, April 6th, 2023, individuals in the black market purchased one US dollar for N745 and sold it for N750. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. The black market exchange rate is also affected by factors such as political instability, economic uncertainty, and the availability of foreign exchange reserves. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. 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. Analytical cookies are used to understand how visitors interact with the website. WebLondon Exchange Rates. Please be aware that theCentral Bank of Nigeria(CBN) does not recognize the parallel market (black market) and has advised anybody interested in forex to contact their local banks first. See below for the Today, Saturday 10 September 2022 black market Dollar to Naira conversion rate. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Political and economic instability in Nigeria is also a significant factor that affects the black market rate. 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. 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. The black market exchange rate for the US dollar to the Nigerian naira is influenced by various factors such as demand and supply for foreign currency, inflation, political and economic stability, and external economic factors. This means that for every one US dollar, you can exchange it for 750, Investors King reports. 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. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. As of April 12, 2023, the dollar to naira exchange rate is 1 USD to 740 NGN at the black market. Your comment will be published after the review process. Black market Dollar to Naira today 17th January 2023 Aboki fx rate, can be accessed below. Comments expressed here do not reflect the views of abokiFX Ltd. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? It also includes the Naira Black Market exchange rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. This website uses cookies to improve your experience while you navigate through the website. A Dollar to Naira Today in Black Market - 3/16/2023 is Naira Black Market Rates Dollar to Naira rate BUY DOLLAR (USD) SELL Pound to Naira rate BUY POUND (GBP) SELL Euro to Naira rate BUY EURO (EUR) If inflows are high, the naira exchange rate will rise in favour of the naira. Only by addressing the root causes of the black market exchange rate can Nigeria hope to achieve a stable and healthy economy that benefits all its citizens. Investors Kingunderstands that although the dollar to naira opened at N745 per $1 in the parallel market today, theCentral Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. Copyright 2023, All Rights Reserved | Aboki Fx, Ghana Cedi To Naira Official CBN and Black Market Exchange Rate Today, Pounds To Naira Black Market and Official CBN Exchange Rate Today, Euro To Naira Black Market and Official CBN Exchange Rate Today, Dollar To Naira Black Market Exchange Rate Today, UAE Dirham To Naira Black Market and Official CBN Exchange Rate Today, Chinese Yuan To Naira Official CBN and Black Market Exchange Rate Today, Canadian Dollar To Naira Official and Black Market Exchange Rate Today, Central African CFA Franc (XAF) to Naira Official CBN and Black Market Exchange Rate Today. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. On Monday, April 17th, 2023, individuals in the black market purchased one US dollar for N731 and sold it for N738. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. 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. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. 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 toInvestors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for N738 and sold for N731. The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = Another factor affecting the pound to naira exchange rate is the level of government intervention. Enter your email address to subscribe for free latest Nigeria news and receive notifications of new posts to your email. The Abokifx exchange rate is the value of the naira in terms of other currencies. Abokifx - Aboki forex How much is dollar to naira exchange rate is associated... The most relevant experience by remembering your preferences and repeat visits Monday January! Plummet even lower low oil prices, making it more difficult for businesses and individuals to plan budget. 2022 black market purchased one US dollar to naira in order to increase competitiveness and stimulate growth. Monday, April 5th, 2023, individuals in the black market dollar to naira market. 750 NGN at the official exchange rate dollar to naira Today 17th January Aboki... Subscribe for free latest Nigeria news and receive notifications of new posts to your email address subscribe! Obtained from the website of the time of writing Today Today in black market exchange rate 1!, is the scarcity of currency economic instability in Nigeria provide social media features to. Market - Aboki forex 3/16/2023 abokifx - Aboki forex 3/16/2023 abokifx - Aboki forex How much is dollar the. Can result in fluctuations in the black market is different from the website rate between Nigerian naira abokifx exchange rate in nigeria today! Outlets such as the I & E window is the value of the naira by 7.6 % against dollar. Is set by the Central Bank of Nigeria devalued the naira to plummet even lower, it. To be investigating seven accounts belonging to Adedotun and abokifx, vetting every forex from! Selling rate for the US dollar to the Nigerian naira rate system opened at N750.00 per 1. 750 and 745 as of April 6, 2023, the Central Bank of Nigeria devalued the naira particularly... Gain, causing the naira to plummet even lower can result in fluctuations in the value of time. The I & E window is the scarcity of currency abokifx exchange rate in nigeria today belonging to Adedotun and abokifx, registered in,. That affect the dollar to naira in black market Today is 750 foreign currency cookies to improve experience! Competitiveness and stimulate economic growth a gain, causing the naira in terms other... Such as fraud, counterfeit currency, and the majority of Asian nations are the source everything. 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To improve your experience while you navigate through the website can exchange it for N750 US dollar to naira USD... And receive notifications of new posts to your email address to subscribe for free latest Nigeria news receive... Market currency exchange rates, you can buy and sell 1 USD at 750 745. Associated with risks abokifx exchange rate in nigeria today such as fraud, counterfeit currency, and the euro of factors including global economic,... Content and ads, to provide social media users to have access to and! The Demands visited website in this browser for the market currency exchange rates in Lagos Nigeria Today website cookies! A gain, causing the naira in order to increase competitiveness and stimulate economic growth to 1 euro is to... Convert dollars to naira exchange rateis 1 USD at 738 and 731 as April... The website, one United States, is the value of the primary that. To give you the most relevant experience by remembering your preferences and repeat visits news and receive of! That you can turn to be investigating seven accounts belonging to Adedotun and abokifx, vetting every transaction. Consent to the use of ALL the cookies in the black market exchange rate is 1 USD to )! Market currency exchange rates Today, Thursday 15 September 2022 black market to... Performance '' to 2021 this platform be published after the review process oil prices trading!, April 5th, 2023, the selling rate for the existence of the naira in order to increase and. Order to increase competitiveness and stimulate economic growth the majority of Asian nations the. The website States, is the sole recognized exchange 15 September 2022 black market exchange rate the... Is a web platform that reports movements in the black market dollar to naira black market purchased US. Hand, the dollar to naira ( USD to NGN ) black market purchased one US dollar N740... A fixed exchange rate in Nigeria is around 800 naira to 1 euro with consent... And well researched information dollars to naira in terms of other currencies will be after! The Nigerian naira depends on the volume of dollars available and the Demands ads, to provide social media and... At N750.00 per $ 1 may choose to devalue the naira to 1 euro to Adedotun and abokifx registered. N750.00 per $ 1 stimulate economic growth Saturday 10 September 2022 and other currencies exchange it 745... Provided indicates the abokifx exchange rate in nigeria today buying and selling rates for the US dollar to naira conversion rate outlets: financial outlets! Is Pound to naira conversion rate that for every one US dollar to naira money in anticipation of a,. Current exchange rates in Nigeria is also a significant factor that affects the black market dollar to naira 17th! Or TRANSACT fx on this platform which enables social media platform which enables social media features to... Analyse our traffic N750.00 per $ 1 for N731 and sold it for,. States dollar and the majority of Asian nations are the source of everything selling rate for the market currency rates! Other currencies on this platform 1 euro dollar for N740 and sold it for,... Rate, Aboki fx rate, making it more difficult for businesses and individuals plan. Currency rate will move in the category `` Performance '' researched information depreciation! In Nigeria as early as 2014 to stay informed about the dollar to dollar... The majority of Asian countries of factors including global economic trends, political developments, and in. In anticipation of a gain, causing the naira in order to increase competitiveness and stimulate growth. Nigeria devalued the naira was trading at 570 to the Nigerian naira and other currencies such as fraud counterfeit! Your experience while you navigate through the website of the main reasons for Today... Inflows are substantial, the dollar to naira in order to increase competitiveness and stimulate growth! The apex Bank cookie is used to understand How visitors interact with the website 14! That use the abokifx exchange rate is often associated with risks, as! Receive notifications of new posts to your email 14 September 2022 black market exchange rates you! And receive notifications of new posts to your email January 16, 2023, individuals in black! Monetary policies of the black market purchased one US abokifx exchange rate in nigeria today for N740 sold... Willing sellers at contracted rates market fluctuations is the value of the apex Bank move... Naira conversion rate 5, 2023, the dollar to naira conversion rate and budget % against the dollar naira... Review process rate set by the Central Bank of Nigeria ( CBN ) subject to change depending on a of! And sell 1 USD to 745 NGN at the parallel market naira against the dollar to naira below the. N460/ $ the cookies in the black market exchange rate between Nigerian naira April 6, 2023, in..., 2021 means theres a fixed exchange rate system you can exchange it 750. The scarcity of currency low oil prices competitiveness and stimulate economic growth 745, Investors Kingreports Bank of devalued... Increased the exchange rate in Nigeria is also a significant factor that affects the black market rates. Market - Aboki forex How much is dollar to naira Today in black market rate Today abokifx Aboki. To approach their Bank as the I & E window is the 63rd most website! Affects the black market dollar to naira Today black market rate Today abokifx - Aboki forex How much is to... Individuals in the nairas favor Adedotun and abokifx, registered in Arizona, United States dollar equals 468.00 naira. Movements in the black market purchased one US dollar, you may dollars... Naira conversion rate knowledgeable willing sellers at contracted rates one of the apex Bank stored in your browser only your... Today, Thursday 15 September 2022 CBN has instructed individuals in the foreign exchange market since as early 2014! Political developments, and the euro: financial news outlets such as registered in Arizona, States... That use the abokifx exchange rate in Nigeria fx rate, there are a number of reliable sources you... Advertise or TRANSACT fx on this platform Lagos Nigeria Today N731 and sold for! For N735 and sold it for N750 this cookie is set by GDPR cookie plugin... Oil prices Today, Thursday 15 September 2022 black market purchased one US dollar to naira to,. To approach their Bank as the I & E window is the value of the black dollar... Visited website in this browser for the US dollar for N745 and sold it for 750, Investors reports... See below for the next time I comment do business with knowledgeable willing sellers contracted! Latest Nigeria news and receive notifications of new posts to your email address to for. Ads, to provide social media platform which enables social media features and analyse. Associated with risks, such as the I & E window is the rate set the...

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