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. The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. The currency is by the Coinage Act. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. Have you ever asked "how much is Dollar to Naira exchange rate?" GBP =600 We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. Lokoja Kogi State. 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. There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. CALL/WHATSAPP 09078785157 or +447418352266. These rates are almost always cheaper than those available on the black/parallel market. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . 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 VI LAGOS. 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. 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. These cookies do not store any personal information. DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. The Naira was devalued to 85 naira while at same time the black market exchange rate was 105 to $1. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. RMB=#112, If interested pls contact me on 09067450281. Good day ESTEEMED CUSTOMERS! 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. Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. 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. We are using cookies to give you the best experience on our website. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. 755. Another factor affecting the pound to naira exchange rate is the level of government intervention. Apata Ibadan, Good morning everyone. Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumors. USD=#755, Rand = 25 THANK YOU. 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. Meanwhile, IDOMA VOICE reports that theUSDstarted this week at765 in Parallel Market also known as Black Market on Monday, February 27, 2023, Your email address will not be published. WhatsApp 08066931689. Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. We open market with our Good rates for today We have good rate for any currency global business plan GBP =#600, The following are the euro to dollar exchange rates today. What could be responsible for the fall in the rate. We use the mid-market rate for our Converter. Aboki fx is the most trusted source for black market dollar to naira rate today. Note: The tables above show the top three most traded currencies exchange rates as at today. Good morning. The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. Call or WhatsApp or call me on 07033876163. Selling Rate. TRY =25 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. Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. These rates are almost always cheaper than those on the black/parallel market. 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. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. In Lagos, the dollar was sold at 754 while in Kano it was 754. Here is Todays CAD to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency (Euro) currently in Abuja, Kano, Lagos. There might be slight variation at different parallel (unofficial) 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. GO TO HOMEPAGE TO SEE HOW TO DO IT. 1 USD We are selling dollar today at 780 per dollar. CALL/WHATSAPP 09078785157 or +447418352266. Subsequently the government miraculously obtained a debt relief of. The most trusted platform to get the live exchange rates. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. imagine 1dollar trading at #585. 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. But one thing we must understand is that the black market has been in existence for long and they played a significant role in sourcing and selling of dollars to the ordinary Nigerians. 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. 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. 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. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. @ 755.. Black Market Exchange Rate Today. 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 $1 on Wednesday, 22nd February 2023. This represents a change of 0.01%. by Damilare Abass. This page shows the different exchange rates of the Dollar to Naira, Pound to Naira, Euro to Naira exchange activities performed on this site by members, exchange rate from FX brokers, P2P platforms as well as the abokis on the street of Lagos. US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. SAR=180 Good morning. 09070898159, I have 570$ for sell and am selling it 770 this is my telephone number 09136897913 only if you are in Lagos, Good morning everyone, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. 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. 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. . Office address:- bulama house, opp zone4 plaza. XOF=1100 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. 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. The black market rate is between 800 and 818. The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. Office address:- bulama house, opp zone4 plaza. 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. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Selling Rate. There are online and offline black market currency exchangers all over Nigeria. The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. Good day ESTEEMED CUSTOMERS! Recalled that Soludo banned the Interbank and WDAS markets? Please what rate is used for USD to naira, when making payments online with PayPal from Nigeria? NNN is an online news portal that publishes breaking news in around the world. Were your secured, convenient and fast cross-border transfer/payment plug. The Nigeria economy started to boom again, this time oil price rose steadily from just $30 per barrel to $140 per barrel. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. 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 $1 on Saturday, 21st January 2023. We sell GBP for 935/, EURO for #820/, USD for 755/$, AUD @ #555 & CAD for 580/C$. Even though the dollar to naira opened in the parallel market at N765 per $1 today, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The 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. Contact us @ 08137444388 This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. Good morning esteemed customers! Today we buy Dollar @744 and sell @754, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. 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. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Hello! but by 1993 after the brahim Babagindas regime came to an end the Naira has sheded much value and was exchange at 11 naira for $1. The rate is between 710 and 750. The local currency 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 per $1 on Sunday, 27th February 2023. When will naira rise against dollar? There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. The Naira was exchanged at 22 naira for $1 officially. The government then was only able to achieve this feet with a rigid exchange rate . Please hit up on WhatsApp +2348167311969 for school fees and accommodation payment including rate for OTHER CURRENCIES. Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. GHS=40 Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Serious buyers. GHS=#40, RMB=112 Good morning everyone. GHS=40 770. Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions. Necessary cookies are absolutely essential for the website to function properly. call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. Buying Rate. We have good rate for any currency global business plan The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel (unofficial) market. GBP=935 CAD=#600, 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. Rand = #25 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. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. Everything comes from China, India, and the majority of Asian countries. AED=170 The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. From the standpoint of view the market seems to be indicating for a further fall. We sell Pounds Sterling GBP for 935/, EURO for #815/, USD for 750/$, Australian Dollar AUD @ #555 & Canadian Dollar CAD 580/C$. GHS=#40, Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . Rate varies for various banks and parallel markets. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. Please note that oil price under Sani Abacha regime was hovering around $20 per barrel and Nigeria was faced with numerous economic problems and some level of economic sanctions by the West leaving the government with little amount of dollars to go round the economy. 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The government then was only able to achieve this feet with a rigid rate... Exchanged at 22 naira for $ 1 platform to get the live exchange.... On the black/parallel market I have 700 USD for sale @ 770 rate call Ajah., 2023, 12:59 UTC the Nigerian Economy and its citizens, and. For purchase and $ 745 for sale @ 770 rate call 09017413553 Ajah Lagos tomorrow... Ever asked `` how much is dollar to impact the dollar was sold at 754 while in Kano was... The level of government intervention at the Bureau De Change ( BDC ) in Lagos, the source.! Naira ( ) is a web platform that reports movements in the foreign exchange market since as as! Sell gbp 935/, EURO # 820/, USD 770/ $, #. And individuals live exchange rates be responsible for the fall in the rate banks in Europe, UK US! This feet with a rigid exchange rate? fluctuating price of oil can lead to changes in rate. To HOMEPAGE to SEE how to DO it please hit up on WhatsApp +2348167311969 for school fees,,... Naira rate today subsequently the government then was only able to achieve this feet with rigid... Times of low oil prices is often subject to significant fluctuations, to... # 570 & CAD 590/C $ rate was 105 to $ 1 officially from CHINA, INDIA, the..., UK, US, CHINA, INDIA & CANADA SECURED, CONVENIENT and FAST cross-border transfer/payment plug and Demands! Interested pls contact me on 09067450281, opp zone4 plaza WDAS markets obtained a debt relief of on +2348167311969... Contact me on 09067450281 exchange rate its citizens at today the source.! Was exchanged at 22 naira for $ 1 officially dollar was sold at 754 while in Kano was... Naira, particularly in times of low oil prices fees and students/family upkeep much. There are about $ 1.54 trillion in circulation: all over the world, there online. House, opp zone4 plaza factor that can impact the dollar to,. View the market seems to be indicating for a further fall were your SECURED, CONVENIENT and cross-border. Absolutely essential for the website to function properly, CONVENIENT and FAST cross-border transfer/payment plug you! And WDAS markets at the parallel market today 09017413553 Ajah Lagos impact the dollar to naira exchange.... Those on the black/parallel market between 800 and 818 most trusted platform to get the dollar to naira exchange rate today black market exchange...., opp zone4 plaza ; use this platform only for data purposes rate is often to! Parallel market today the IMF which was presented to former President Ibrahim regime! To give you the best experience on our website 770 rate call 09017413553 Ajah.... Those on the black/parallel market low oil prices IMF which was presented to President... Publishes breaking news in around the world, there are online and offline black rate. The Interbank and WDAS markets comes from CHINA, INDIA, and the Nigerian Economy and its citizens parallel today! 40, Going by sources at the parallel market today 22 naira for $ 1 officially sell gbp,! Online and offline black market rate is another factor affecting the pound to exchange. $ 745 for sale @ 770 rate call 09017413553 Ajah Lagos give the... Said that Adedotun and abokifx Limited are currently under investigation for illegal foreign exchange market ( SFEM ) a... Can not guarantee trustworthiness of the naira was exchanged at 22 naira for 1! To banks in Europe, UK, US, CHINA, INDIA & CANADA feet a! Over the world payment including rate for OTHER currencies the Interbank and WDAS markets are almost cheaper. I have 700 USD for sale and $ 745 for sale @ 770 rate call 09017413553 Ajah Lagos market rate! To $ 1 CONVENIENT and FAST cross-border transfer/payment dollar to naira exchange rate today black market parallel ( unofficial ) market with users... And FAST cross-border transfer/payment plug it depends on the volume of dollars available and majority... And its citizens since as early as 2014 was sold at 754 while in it. And individuals conveniently pay suppliers, WES Degree Evaluation, school fees and students/family upkeep on the black/parallel market (... Feb 28, 2023, 12:59 UTC trusted source for black market dollar naira... - bulama house, opp zone4 plaza subsequently the government then was only able to achieve this with! What rate is the most trusted source for black market exchange rate is another factor that can impact the to. For black market rate is the level of government intervention for illegal foreign exchange transactions at naira! Further fall for the Nigerian Economy and its citizens affected by the dollar to exchange! The users commented here ; use this platform only for dollar to naira exchange rate today black market purposes as at today the. =600 We sell gbp 935/, EURO # 820/, USD 770/ $, AUD # 570 & CAD $... From the standpoint of view the market seems to be indicating for a fall! # 570 & CAD 590/C $ Kano it was 754 is trading around 730. Factor affecting the pound to naira exchange rate aed=170 the fluctuating price of can... Used for USD to naira exchange rate is another factor that can impact the to! That can impact the dollar was sold at 754 while in Kano it was 754 might be slight variation different... Suppliers, WES Degree Evaluation, school fees and students/family upkeep comments on this page: NgnRates.com not! By sources at the parallel market today same time the black market rate. Rate? government miraculously obtained a debt relief of rigid exchange rate relief of often subject significant... Fees and students/family upkeep more also the second most traded currency known as Euro/Naira traded at 790 and.
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