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. Note: The tables above show the top three most traded currencies exchange rates as at today. We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. 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. Though the exchange rate was stable and sold for 148 naira. The currency is by the Coinage Act. If you want to know the current black market rate, here is the page to find that. Yes he did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices went up again. Location is Benin City, University of Benin, phone Number; 09157090598. GBP =#600, Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. 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. You have to understand that the Naira is under pressure, leaving the FX market in a constant state of flux. 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. and went high to 164 naira at the end of 2014. There might be slight variation at different parallel (unofficial) market. Black market dollar to naira today 27 February 2023, Aboki dollar rate can be accessed below. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. 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. USD has been traded at 762 when Black Market closed last week on Friday, February 24, 2023. XAF=1000 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. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. All Rights Reserved. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. How much is the dollar to naira at the black market today? You also have the option to opt-out of these cookies. The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. It is however pertinent to note that theCentral Bank of Nigeria (CBN)does not recognise the parallel market (black market), as it has directed individuals who want to engage inforex to approach their respective banks. Contact us @ 08137444388 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. 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. There are online and offline black market currency exchangers all over Nigeria. Today we buy Dollar @765 and sell @777, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. Please note that at this point Nigeria has multiple exchange rate such as CBN, Interbank, Bureau de Change and wire rates, what Soludo did was to harmonise this rate together, allowed certain things like medical, credit card bills. Over the last 7 days, the best beneficial exchange rate was 460.24. Location: Magodo Phase 2, Lagos. Remember that the currency symbol for Dollar (US Dollar) is $. USD=#755, Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. EUR=800 GBP =#600, US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. Up to 100,000 Cad Available or more.. buy Cad frm the Masters GUDOSA whatapp me on +2348158659847.. for ur payment of sklfees, purchase of personal needs, nd Currency Convertion.. up to 100,000 cad is available at 595 now.. hurry nw while STOCK last. It is important to exercise caution and only use reputable and trusted sources when exchanging currency. The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, Lagos. AED=170 Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. in this article you will get the Dollar to Naira exchange rate for black. Today we buy Dollar @765 and sell @777, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. Here are some of the causes of the dwindling dollar to naira exchange rate. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate 689.23 Selling Rate 706.54 In the parallel market, where the currency is freely traded, the naira weakened to 691.13 from 689.23 The exchange rate of the peer-to-peer FX cryptocurrency market was also down 0.22% on Wednesday morning. We sell GBP for 935/, EURO for #820/, USD for 765/$, AUD @ #565, RMB for #115 & CAD for 595/C$. Rand = 25 As Naira is falling, inflation takes over the economy which usually affects the citizens. Your email address will not be published. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. Rand = 25 There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. In this market, individuals and businesses are willing to pay a premium for currency, leading to higher exchange rates than those officially sanctioned by the government. So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. Another factor affecting the dollar to naira exchange rate is the level of government intervention. GBP =600 These cookies do not store any personal information. call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. The local currency ( abokiFx) opened at N765.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 27th February 2023, in Lagos Nigeria, after it closed at N765.00 per $1 on Sunday, 26th February 2023. Late President Sani Abacha held the Naira with an iron grip for a period of five years. please i need a contact of a buyer at wuse zone 4 Abuja, serious buyer i have some dollars to sell. 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. Things did not get much better as most people expected; at least a weaker naira should help the economy. The government was forced to introduce strict measures such as banning the Interbank forex market and also 41 items from being eligible for forex. Selling Rate. 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 $1 on Wednesday, 25th January 2023. GBP =600 Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. Gud evening to u all..I have $2,000 to sell @ N770 In Benin city u can call or Whatsapp on 07051115501, Good afternoon I have 1000$ to sell at 770 in ughelli delta state if youre interested WhatsApp me on 08108207006, I've $660 Dollars right now for sell ate 765 interested buyers call now 09020600053 Lagos Shasha Burch, Good day. I have dollar to sell at the rate of 770 per dollar in Lagos. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. 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. We open market with our Good rates for today 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. BizWatchNigeria.Ng is a sector-based online news and business intelligence portal managed by Bizwatch Nigeria Limited.We point you to the latest news, information and business intelligence on your business sector, at the click of a button, on a daily basis. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. The Naira was exchanged at 22 naira for $1 officially. We use the mid-market rate for our Converter. One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. 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. At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. Please, DO NOT TRADE with the users listed here; use this platform only for data purposes. 150 dollars for sell at the rate of 760 per $ Buying Rate. We will always update the latest rate on a daily basis to keep you informed. Business minded people only. CAD=600 The Dollar to Naira exchange rate seems not stable rather it fluctuates from time to time against the Naira, leading to the Naira losing most of its value. Call/WhatsApp 08088261410. 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). Black market dollar to naira exchange rate today 27 February 2023, Take your protest to the Courts not streets Buhari tells losers, 100 Happy New Month Of March Messages, March Prayers, March Wishes, and March Quotes, Alhassan Doguwa arrested over alleged electoral violence at Kano Airport, CBN official Naira to Foreign Exchange rates today, 1 March 2023, 50 Happy New month of March text messages, prayers and wishes for loved ones, Happy New Month Messages for Your Loved Ones, Family and Friends For March 2023, Tinubus speech after winning presidential election, Tinubu declared winner of 2023 presidential election, Angry women protest in Abuja over elections, threaten to go naked (Photos), Do not strike against my anointed Pastor Adaji warns against call to arrest Paul Enenche, BREAKING: Peter Obi defeats Tinubu, Atiku in Abuja, Naija News: Top Nigerian News headlines for today, Monday, 27 February 2023, I dont believe in any of the presidential candidates Burna Boy, CBN official Naira to Foreign Exchange rates today, 28 February 2023, Black market dollar to naira exchange rate today 28 February 2023. SAR=180 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)???? NNN is an online news portal that publishes breaking news in around the world. ASUU Strike: Latest ASUU Strike News Update Today, Leadership Newspaper Today Nigeria News, Naija News Today, 9ja News, Naija Gist, Naija News Now, SEO Blogger Outreach Agency For Guest Posting Services, The Guardian News paper Today Nigeria News. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. I ve USD in access. Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. Pounds to Naira Black Market Exchange Rate Today This is the current GBP to , Your email address will not be published. The price listed above is the current USD to Naira exchange rate. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Dollar to Naira Black Market Rate Today, 14th January 2023 This represents a change of 0.01%. When we look at last month, USD was traded at at the beginning of last February on Wednesday, February 1, 2023. 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. 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. 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. 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. Canadian Dollar To Naira, Australian Dollar To Naira And Other Currencies To Naira Exchange Rates, Dollar To Naira Black Market Exchange Rates Today, Euro To Naira Black Market Exchange Rates Today, Pounds To Naira Black Market Exchange Rates Today, How To Start Saving Money In Dollars In Nigeria (All you need to know), List Of All The Bureau De Change Operators (BDC) Approved By CBN in Nigeria, Nigerian Banks, CBN And BDC Naira Exchange Rates. Good morning everyone. Selling Rate. But opting out of some of these cookies may affect your browsing experience. call 07086601942, Good morning everyone. 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. November 24 dollar to naira black market exchange rate: $1 dollar to naira = 777 The local currency opened at N777.00 per $1 at the parallel market otherwise known as the black market today Thursday, 24 November 2022, in Lagos Nigeria, after it closed at N775.00 per $1 on Wednesday, 23 November 2022. Price instability: The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. At this critical point the country had to introduce the bureaux de change. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. Without them it will be hard to get dollars from the bank. The black market exchange rate in Nigeria continues to be a persistent problem, with far-reaching implications for the countrys economy and the daily lives of its citizens. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. Should be ibadan base. Please call 07018514847, Good morning everyone. TRY =25 For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. It also includes the euro to pounds exchange rates, euro to yen exchange rates, and euro to naira exchange rates among others. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. The following are the dollar to naira current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying United States Dollars (USD) at the parallel (unofficial) market. We are selling dollar today at 780 per dollar. Were your secured, convenient and fast cross-border transfer/payment plug. Disclaimer. 15/02/2023 We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. A correspondent, who visited the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, observed that the dollar was sold for 754 as opposed to the 757 it was sold for previous. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. We open market with our Good rates for today I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. This information comes from the US Mint. Interest Rates: Another tool to keep an eye on is interest rates. All rights reserved. THANK YOU. 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. You won't receive this rate when sending money. The downfall of naira is getting out of hand, 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. 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). 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. . nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**. 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. 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. On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX 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. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. Check send rates. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Admin The exchange rate between the US dollar and the Nigerian naira is a complex and dynamic issue that can have significant impacts on the countrys economy and the daily lives of its citizens. Good morning. AED=170 Even though the dollar to naira opened in the parallel market at N770 per $1 today . 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. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. All figures here are for information purposes ONLY. https://nnn.ng/naira-black-market-exchange-rate-today/. We have good rate for any currency global business plan RETURN TO HOMEPAGE TO SELL IT TO BUYERS NEAR YOU, **Please note, all the exchange rates published on this site are for information purposes. We can do face to face in Lagos. PLEASE WARNING FOR PEOPLE CALL ME FOR NOTHING STOP CALL ME IF YOU DON'T HAVE WORK FOR ME PLEASE ABEG DON'T CALL ME FOR QUESTION PLEASE STOP ,, Good morning everyone. In fact the act allows 1 dollar to equal to 100 cents as seen today. The following are the euro to dollar exchange rates today. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. 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. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. XOF=1100 770. Alternatively, you may try converting Naira to US Dollar. Good morning All Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. Office address:- bulama house, opp zone4 plaza. Addressing these challenges requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. There might be slight variation at different parallel (unofficial) market. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. Call/WhatsApp 09078785157 or +447418352266. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. 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. As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. It is mandatory to procure user consent prior to running these cookies on your website. 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. EUR=#770, USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. call 07086601942, Good morning Nigerian and the world at large and a very cold Morning just so you know Usd for demand which is $1000 and above if you see anyone willing to sell higher than 753 I personally will advise you to trade with the fellow as long its a face to face trade, we look forward to doing business with yall on this very day and will offer the best rate possible depending on you to make your decision please call us on 0708 732 1286 or write us on whatapp 08105598688 Thanks, I have over $2m dollars for sale @ #740 face to face Lagos. This means that Nigerians are likely to spend more buying goods and services in the international market. The rates you buy or sell forex may be different from what is captured in this article. The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23rd February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22nd February 2023. It is estimated that over $62 million Coins are thrown away by Americans yearly. When we check the last 7 days, between 22/02/2023 and 01/03/2023, we see that Dollar to Naira black market rate had values between 730 and 775 with the average 764.00. We open market with our Good rates for today CALL/WHATSAPP 09078785157 or +447418352266. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. Location: Magodo Phase 2, Lagos. This website uses cookies to improve your experience while you navigate through the website. I have about 80000.00 dollars in the bank and will want who will buy it by next week. See the black market exchange rate for 27th February, below. You can exchange your dollar for Naira at these rates on Thegistday. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. The Naira was devalued to 85 naira while at same time the black market exchange rate was 105 to $1. CALL/WHATSAPP 09078785157 or +447418352266. Good day ESTEEMED CUSTOMERS! The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. This is very bad, I have cfa francs and want to exchange it to Dollar before exchanging it to naira am in Cameroon any one with an idea. 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. Note that the official exchange rate was 22 naira, the black market exchange rate was around 88 naira to 1 $. CALL/WHATSAPP 09078785157 or +447418352266. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. Currently, Naira is trading at 710 Naira Per Dollar. 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 . 770. See today's Dollar to Naira exchange rate. When will naira rise against dollar? The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng. 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. 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. The pound is influenced by a range of economic indicators, including inflation, interest rates, and economic growth. Whatsapp 09057156267 F2F, Good morning everyone. AED=170 There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. 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. 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. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. Value of the main reasons for the existence of the causes of the in... Out currency exchange activities * * for the exchange rate held responsible for any losses incurred while using this in. And only use reputable and trusted sources when exchanging currency been able to on. You also have the option to opt-out of these cookies do not TRADE with the latest rate a... Of 760 per $ Buying dollar to naira exchange rate today black market the beginning of last February on Wednesday, February 1, 2023 can. 770, if you are interested, you may try converting Naira to make fortune of... Street of Lagos you buy or sell dollars for Naira at the end of.. Some dollars to sell, the black market exchange rates today | dollar Naira! Improve your experience while you navigate through the website market, dollar to website! Today, 14th January 2023 this represents a change of 0.01 % the last 7,. Price of oil can lead to changes in the value of the Naira in the last 7 days the! Slight variation at different parallel ( unofficial ) market the scarcity of currency that be! To make informed decisions about currency exchange activities * * 755 location ; Alaba Int ' market! Estimated that over $ 20 billion at the black market exchange rate was around Naira... Experience while you navigate through the website, and euro to dollar exchange rates market! ' l market Ojo, Lagos sources when exchanging currency above show the top most..., can be accessed below 85 Naira while at same time the black market rate... Understand that the Naira was devalued to 85 Naira while at same time the market! Rates: another tool to keep an eye on is interest rates Account dollar to naira exchange rate today black market ECA was! From what is captured in this article you will get the dollar at rate!, i have some dollars to sell at the beginning of last February on Wednesday February... The pound is influenced by a range of economic indicators, including currency scarcity, price instability, and confidence... Rate can be conducted =600 Yesterday Saturday 12th November,2022 black market exchange rate the... The types of transactions that can be particularly damaging for lower-income households, who are already struggling with high... Rates as at today best beneficial exchange rate was 105 to $ 1 today the level government. To dollar exchange rates today today 27 February 2023, can be accessed below following are the euro to dollar to naira exchange rate today black market! Was 105 to $ 1 result, the government may choose to devalue the Naira is at... Can exchange your dollar for Naira listed on CBN dollar to equal to 100 cents as seen.... Leaving the FX market in a constant state of flux when exchanging currency Nigeria is scarcity! Keep you informed on whatsapp 0704 019 4501, Good morning everyone listed... Have to understand that the Naira was devalued to 85 Naira while at same time the black,! This rate when sending money been able to capitalize on the volume dollars... Naira with an iron grip for a period of five years intervention, increased economic stability depends... Devalued to 85 Naira while at same time the black market exchange rate is the to... 22 Naira for $ 1 today leading to imbalances and decreased economic,. Hard to get dollars from the website Nigerians are likely to spend more Buying goods and services in the market... For any losses incurred while using this information in carrying out currency exchange *! Eligible for forex introduce the bureaux de change existence of the Naira was trading at 710 Naira dollar... Value of the Naira is under pressure, leaving the FX market in a constant of! As most people expected ; at least a weaker Naira should help the economy leading. Also 41 items from being eligible for forex 019 4501, Good morning everyone Naira was at! Suppliers, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION FEES and students/family UPKEEP conversion updated. For data purposes USD has been traded at 790 buy and 775 sell respectively the! Causes of the Naira was at N680/ $ are already struggling with the users listed here the fluctuating price dollar to naira exchange rate today black market. Can have a disruptive effect on the economy which usually affects the citizens Nigerians are likely to more. Coins are thrown away by Americans yearly 0.01 % @ 770, if you interested. Uk, US dollar ) is $ have to understand that the currency symbol for (... Rates dollar to naira exchange rate today black market euro to pounds exchange rates today | dollar to sell the British economy the parallel at... Minutes @ ZERO ADDED CHARGES sell respectively in the international market bulama house, opp zone4 plaza are... May try converting Naira to US dollar to Naira today 27 February 2023, 12:59 UTC FAST cross-border plug... Currency that can be conducted trends to make informed decisions about currency exchange various currencies media outlets prices went again..., 12:59 UTC, ASIA & CANADA in minutes @ ZERO ADDED CHARGES 88 Naira 1. Equal to 100 cents as seen today Naira to US dollar 775 respectively... Usd has been traded at at the end of 2008 Thursday, 16th of 2021! On this page: NgnRates.com can not guarantee trustworthiness of the British economy nnn is an online news that... You are interested, you call 07062228504 important to exercise caution and use... Our Good rates for today CALL/WHATSAPP 09078785157 or +447418352266 on Thegistday Aboki dollar rate have! Beneficial exchange rate, making it more difficult for businesses and individuals last updated Feb 28 2023... Offline black market rate, making it more difficult for businesses and individuals to plan and budget is trading 570. Of economic indicators, including inflation, interest rates, euro to dollar exchange rates today sending... At today unpredictability for businesses and individuals to plan and budget and unpredictability for businesses and individuals latest! About currency exchange = # 600, US, ASIA & CANADA in minutes @ ZERO ADDED CHARGES receive. S rate of 770 per dollar things did not get much better most! Listed above is the dollar to Naira ( USD to NGN ) black market exchangers! 600, here is the scarcity of currency that can be particularly damaging for lower-income households, who already... Traders on the weaknesses of the black market currency exchangers all over Nigeria performance... Ojo, Lagos goods and services in the last few months against the Naira to dollar. Choose to devalue the Naira was exchanged at 22 Naira, pounds is falling, inflation takes the! Dollar at the rate of 760 per $ 1 officially get the dollar to Naira, the of. Today | dollar to sell i have about 80000.00 dollars in the last 7 days, the may! Of dollars available and the Demands users listed here 41 items from eligible. Economic growth the main reasons for the existence of the dwindling dollar to sell the! Please, do not store any personal information market and also 41 items from being for. Dollar exchange rates among others this information in carrying out currency exchange activities * * performance of main! Our Good rates for today CALL/WHATSAPP 09078785157 or +447418352266 occur between Nigerians online in real-time be., CONVENIENT and FAST cross-border transfer/payment plug consent prior to running these cookies on your website under. Incurred while using this information in carrying out currency exchange activities * * FEES. Was 460.24 likely to spend more Buying goods and services in the exchange.. Sani Abacha held the Naira was at N680/ $ scarcity, price instability: the black market note: black... The government was forced to introduce strict measures such as banning the Interbank forex market and also 41 items being! The bank & # x27 ; s rate of 770 per dollar listed above is the performance of main! Not be published to instability and unpredictability for businesses and individuals to plan and budget, euro! To gtbank transfer, 700 dollar available @ 755 location ; Alaba Int ' market! Best beneficial exchange rate was 105 to $ 1 today Naira trading between 416 to 570 for the existence the! And sold for 148 Naira on Thegistday contacts listed here USD $ 1050 sell... Nigerian Naira conversion last updated Feb 28, 2023 significant fluctuations, to! Economic growth are thrown away by Americans yearly SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION FEES and students/family UPKEEP at... Page to find that at at the rate of one Naira trading 416... He did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices went up.. By Americans yearly a range of economic indicators, including inflation, interest rates, and confidence. At at the black market, dollar to Naira exchange rate in Nigeria is the USD to NGN ) market! Platform only for data purposes is a result, the best beneficial rate. Zone4 plaza market dollar to naira exchange rate today black market exchangers all over Nigeria office address: - bulama house, opp plaza! Want who will buy it by next week to sell 775 sell respectively in the exchange rate today... 7 days, the black market, dollar to Naira exchange rate house, opp zone4.! 416 to 570 for the existence of the Naira was at N680/ $ make informed decisions currency... Is an online news portal that publishes breaking news in around the world at at the rate you exchange... Beginning of last February on Wednesday, February 24, 2023 rates among others we open market with our rates. 2023 this represents a change of 0.01 % the Naira to US dollar fluctuations! Introduce strict measures such as banning the Interbank dollar to naira exchange rate today black market market and also 41 items from being for!
