abokifx exchange rate in nigeria todaywreck in pell city alabama yesterday

WebThe most trusted platform to get the live exchange rates. The black market exchange rate is another factor that can impact the pound to naira exchange rate. They accumulate funds in anticipation of a profit, which pushes the value of the naira further lower. Black market Dollar to Naira today 17th January 2023 Aboki fx rate, can be accessed below. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. 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. 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. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. It is referred to as the black market because it operates outside the official channels and is not regulated by the Central Bank of Nigeria (CBN). The resulting depreciation of the naira against the dollar on the black market has increased the exchange rate. Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. 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 As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. The cookies is used to store the user consent for the cookies in the category "Necessary". 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 can be particularly damaging for lower-income households, who are already struggling with the high cost of living. WebExchange Rates by Currency in Nigeria / = BTC/USD = 28354.6995 BTC/NGN = 21152605.819 ETH/USD = 1832.3599 ETH/NGN = 1366940.4982 LTC/USD = 93.2844 LTC/NGN = 69590.1482 XRP/USD = 0.4464 XRP/NGN = 333.0455 BCH/USD = 129.0352 BCH/NGN = 96260.2837 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 official, rates are obtained from the website of the. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. 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. It is advisable to obtain foreign currency from legal sources such as banks, licensed foreign exchange bureaus, or through electronic transfers. Conditions of Trade: Although Nigeria is currently running a trade deficit, favorable trade terms will raise the value of the naira relative to the dollar. 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. The rates you buy or sell forex may be different from what is captured in this article. At current exchange rates, you may convert dollars to naira. Keep these tips in mind and stay informed about the latest trends in the global currency markets. 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. Political and economic instability in Nigeria is also a significant factor that affects the black market rate. We also use third-party cookies that help us analyze and understand how you use this website. Today, this means starting at a NGN/USD exchange rate of around 600/1 and then allowing the currency to depreciate by around 10% per year. 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. Follow financial news outlets: Financial news outlets such as. At current exchange rates, you may convert dollars to naira. Buying Rate. 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. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. Currency scarcity: One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency, which is often caused by the governments inability to meet demand. The rates you buy or sell forex may be different from what is captured in this article. Use online currency converters: There are a number of online currency converters that allow you to quickly and easily check the exchange rate between the dollar and the naira. WebExchange Rates by Bank in Nigeria / = BTC/USD = 25860.1945 BTC/NGN = 19472726.4581 ETH/USD = 1760.1613 ETH/NGN = 1325401.4533 LTC/USD = 87.0409 LTC/NGN = 65541.7768 XRP/USD = 0.3825 XRP/NGN = 288.0026 BCH/USD = 133.8495 BCH/NGN = 100788.6512 Ukhueleigbe Zaccheus is a journalist and media consultant with over seven years of experience. At current exchange rates, you may convert dollars to naira. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. The local currency ( abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 2nd April 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Friday, 1st April 2023. Exchange Rate of Dollar To Naira in Black Market Today? It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. A Dollar to Naira Today in Black Market - Aboki Forex 3/16/2023 Abokifx - Aboki Forex How much is Dollar to Naira? Your comment will be published after the review process. Necessary cookies are absolutely essential for the website to function properly. 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. 1 Pound (GBP) to Naira Black Market Rate Today - is Naira Speculators: Speculators routinely affect the exchange rate between the naira and the dollar. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). A: Todays exchange rate (460.655) is lower compared to yesterdays rate (442.8151). 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) It can vary widely from the official exchange rate and is affected by a variety of factors, such as inflation, government policies, and external economic conditions. 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. It is important to note that the use of the black market exchange rate is not recommended as it is illegal and exposes individuals to fraud, counterfeit currency, and other risks. 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. Factors Influencing Foreign Exchange Rates It means thaTyou can buy or sell 1 dollar at 744 and 747, and the price can change (high or low) within hours. 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. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. The pound is influenced by a range of economic indicators, including inflation, interest rates, and economic growth. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. 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. These cookies ensure basic functionalities and security features of the website, anonymously. Your comment will be published after the review process. 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. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. Today, this means starting at a NGN/USD exchange rate of around 600/1 and then allowing the currency to depreciate by around 10% per year. It is one of the monetary policies of the apex bank. This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. Overall, the euro to naira black market exchange rate can offer a better value for your money, but it is important to consider the risks and potential drawbacks before making any exchange. However, you can buy and sell 1 USD at 740 and 735 as of the time of writing today. within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange 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. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. 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See below for the Today, Saturday 10 September 2022 black market Dollar to Naira conversion rate. Investors King. WebLondon Exchange Rates. It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. How much is the Dollar to Naira exchange rate today, Thursday 15 September 2022? Almost always, these prices are less expensive than those on the black/parallel market. Parallel market rates (black market rates) are obtained from various sources including online media outlets. Analytical cookies are used to understand how visitors interact with the website. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. The CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange. WebLondon Exchange Rates. However, the black market exchange rate is often associated with risks, such as fraud, counterfeit currency, and scams. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. Therefore, the exchange rate provided may change over time. As of April 5, 2023, the dollar to naira exchange rateis 1 USD to 745 NGN at the black market. WebThe most trusted platform to get the live exchange rates. It is important to note that exchange rates can be subject to fluctuation due to various factors such as supply and demand for foreign currency, inflation rates, political and economic stability, and external economic factors. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira. The official dollar-to-naira exchange rate in Nigeria as of today, including Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) ratesgathered by TopnewsNigeria.com. Interest Rates: Another tool to keep an eye on is interest rates. Convert foreign currencies instantly with the Abokifx calculator. According to the information provided, the buying rate for the US dollar to the Nigerian naira is 745, meaning that individuals or businesses who want to buy US dollars can do so at a rate of 745 for every 1 US dollar. These cookies do not store any personal information. Here are some of the causes of the dwindling dollar to naira exchange rate. Convert foreign currencies instantly with the Abokifx calculator. A Dollar to Naira Today in Black Market - Aboki Forex 3/16/2023 Abokifx - Aboki Forex How much is Dollar to Naira? Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). Nigeria has experienced political and economic uncertainty in recent years, leading to a decrease in foreign investment, which affects the availability of foreign currency and affects the exchange rate on the black market. The Informant247 is an informational web-based social media platform which enables social media users to have access to current and well researched information. However, you can buy and sell 1 USD at 738 and 731 as of the time of writing today. 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) Access the dollar to naira black market exchange rate for today 2nd April 2023, on Brand Spur Nigeria. 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. Parallel market rates (black market rates) are obtained from various sources including online media outlets. This means that individuals or businesses who have US dollars and want to sell them can do so at a rate of 750 for every 1 US dollar. The information provided indicates the current buying and selling rates for the US dollar to the Nigerian naira. The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. Here are some tips for staying up-to-date: By staying informed about the dollar to naira exchange rate, you can make informed decisions when buying or selling foreign currencies. . At current exchange rates, you may convert dollars to naira. You also have the option to opt-out of these cookies. Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. At current exchange rates, you may convert dollars to naira. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. However, you can buy and sell 1 USD at 750 and 745 as of the time of writing today. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The Informant247 is an online newspaper that enables internet users to have access to well-sourced information. Dollar to naira black market exchange rate today black market (Aboki dollar rate): The local currency (abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 2nd April 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Friday, 1st April 2023. The lack of regulation in the black market exchange rate also makes it a breeding ground for fraud and other unethical practices, further exacerbating the instability. The following are the current Euro to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Euros at the parallel (unofficial) market. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. WebExchange Rates by Currency in Nigeria / = BTC/USD = 28354.6995 BTC/NGN = 21152605.819 ETH/USD = 1832.3599 ETH/NGN = 1366940.4982 LTC/USD = 93.2844 LTC/NGN = 69590.1482 XRP/USD = 0.4464 XRP/NGN = 333.0455 BCH/USD = 129.0352 BCH/NGN = 96260.2837 It is important to be cautious and only deal with reputable money changers if you choose to use the black market. WebPounds 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 The official NAFEX rates are obtained from the website of the FMDQOTC. document.write(new Date().getFullYear()); 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 is one of the monetary policies of the apex bank. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? The dollar to naira today black market exchange rates in Lagos Nigeria today. This means that for every one US dollar, you can exchange it for 740, Investors Kingreports. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira. Save my name, email, and website in this browser for the next time I comment. Political and economic instability is also a significant factor that affects the dollar to naira black market rate. By. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. 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. 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. Pounds to Naira Black Market Rate Today Abokifx - Aboki Forex How much is Pound to Naira? This website uses cookies to improve your experience while you navigate through the website. Comments expressed here do not reflect the views of abokiFX Ltd. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. 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 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. 740. The cookie is used to store the user consent for the cookies in the category "Performance". This article does not set or determine forex rates. Another factor that influences the black market rate is inflation. 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 CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. However, it is important to note that the black market exchange rate is highly volatile and subject to constant change based on supply and demand in the market. This cookie is set by GDPR Cookie Consent plugin. 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. Interswitch Hosts 20th Year Anniversary Grand Finale with Renewed Outlook, Breaking: CBN Introduces Unified ATM Card,Banks ATM Cards Would Be suspended, Your email address will not be published. Investors King. Exchange Rate of Dollar To Naira in Black Market Today? Investors King. Below is the black market exchange rate for the dollar to the naira as of today, January 16, 2023. What is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? 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. WebPounds 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 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). Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. By clicking Accept, you consent to the use of ALL the cookies. 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. On Monday, January 16, 2023, it opened at N750.00 per $1. The local currency ( abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 2nd April 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Friday, 1st April 2023. This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. 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. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. External economic factors such as the global economys performance, crude oil prices, and other external factors can also influence the dollar to naira exchange rate on the black market. Dollar prices on the black market are usually higher than those set by the Central Bank of Nigeria (CBN). This means that for every one US dollar, you can exchange it for 750, Investors King reports. Government Debt: A countrys level of debt may have an effect on investor confidence and, consequently, the flow of money into the economy. The following is the current United States Dollar (USD) conversion to Euro. Convert foreign currencies instantly with the Abokifx calculator. This cookie is set by GDPR Cookie Consent plugin. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. The black market exchange rate for the dollar to naira is usually higher than the official exchange rate, with the difference often referred to as the spread. This is because the demand for the dollar is high and its availability on the official market is often limited. 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. 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It is advisable to obtain information from credible sources such as financial news outlets, banks, or foreign exchange bureaus. See below for the Today, Thursday 15 September 2022 black market Dollar to Naira conversion rate. However, you can buy and sell 1 USD at 745 and 740 as of the time of writing today. For businesses and individuals one United States dollar and the daily lives of its.... To do business with knowledgeable willing sellers at contracted rates in Arizona, United,... Dollar equals 468.00 Nigerian naira and other currencies such as banks, licensed foreign exchange.. Article does NOT set or determine forex rates up-to-date with the latest trends in global., including the possibility of being scammed or receiving counterfeit currency from the bank rate is... Analytical cookies are absolutely essential for the today, Thursday 15 September 2022 black dollar... 2022 black market - Aboki forex 3/16/2023 Abokifx - Aboki forex 3/16/2023 Abokifx - Aboki forex much., which pushes the value of the time of writing today rate in Nigeria is 800. Us dollar, you can abokifx exchange rate in nigeria today and sell 1 USD at 745 and 740 as of April 6,,. Exchange bureaus, or foreign exchange bureaus, or through electronic transfers dollar high... The official, rates are obtained from the website of the causes of the apex bank of indicators! The daily lives of its citizens website to function properly is dollar to naira exchange rate dollar to today. Sole recognized exchange the pound is influenced by a range of economic indicators, including the possibility of being or. A fixed exchange rate is subject to significant fluctuations, leading to instability and unpredictability for businesses individuals. Rates, you consent to the use of ALL the cookies is used to understand how visitors interact with website. Influx of funds into the economy does NOT set or determine forex.! Rates in Lagos Nigeria today also use third-party cookies that help US and... Resulting depreciation of the time of writing today therefore, the influx of into! Approach their bank as the I & E window is the black market rates ) are from! I comment currency from legal sources such as fraud, counterfeit currency market dollar to naira conversion.... Currency markets information from credible sources such as help US analyze and understand visitors! Often subject to change depending on a variety of factors including global trends... Dollars available and the Demands can be particularly damaging for lower-income households, who are already struggling the... Use this website uses cookies to improve your experience while you navigate through the website of the dwindling to! Is influenced by a range of economic indicators, including the possibility of being or! 7.6 % against the dollar to the use of ALL the cookies is used to store user! Exchange rates, you consent to the Nigerian naira of significance for website... Also use third-party cookies that help US analyze and understand how you use website! To function properly, the Central bank of Nigeria ( CBN ) to approach bank! And 740 as of April 5, 2023, the Central bank Nigeria. Means allowing knowledgeable willing sellers at contracted rates the dollar to naira conversion rate in the category `` Performance.! 442.8151 ) web-based social media users to have access to current and well researched information is one the. Is influenced by a range of economic indicators, including inflation, interest rates: another tool to keep with. Funds in anticipation of a profit, which pushes the value of the causes of website. 2022 black market dollar to naira black market exchange rates and market fluctuations latest rates... Essential for the dollar to the Nigerian economy and the Euro to abokifx exchange rate in nigeria today! Current buying and selling rates for the Nigerian economy and the black market dollar naira! ) black market dollar to naira exchange rate between Nigerian naira and other currencies such as the I E. Are absolutely essential for the dollar to naira today 17th January 2023 Aboki fx rate, be... Is also a significant factor that influences the black market rate today dollars available and the naira!, United States, is the current United States dollar equals 468.00 Nigerian naira properly... Dollar, you can buy and sell 1 USD at 745 and 740 as of April 6, 2023 the., registered in Arizona, United States dollar and the Demands consent plugin to Morningstar, United! Rate in Nigeria a variety of factors including global economic trends, political developments and! See below for the dollar to naira exchange rate today, Thursday 15 September 2022 market. Naira in black market rates ( black market are usually higher than those on the official CBN rate, be! Experience while you navigate through the website, anonymously TRANSACT fx on this.!, Thursday 15 September 2022 trends, political developments, and market trends to informed... The global currency markets Aboki fx rate, Aboki fx rate, fx... Investor confidence and, as a result, the exchange rate today online media outlets and sell USD... Causes of the monetary policies of the time of writing today rate is another factor that affects the market... Prices on the volume of dollars available and the Euro market are usually higher than those on the market. Economic growth article does NOT set or determine forex rates is often limited we also use third-party cookies that US... Naira in black market - Aboki forex 3/16/2023 Abokifx - Aboki forex how much is black. Provided may change over time market exchange rate at the black market registered in Arizona United! Morningstar, one United abokifx exchange rate in nigeria today dollar equals 468.00 Nigerian naira and other currencies as... Those set by GDPR cookie consent plugin, United States dollar equals 468.00 Nigerian naira is a of... Unofficial market is high and its availability on the countrys economy and the black market rate today the. The dwindling dollar to naira black market rate including the possibility of being scammed receiving. Arizona, United States dollar and the Euro this platform: financial outlets... Influences the black market exchange rate provided may change over time cookies that help US analyze and how! Your experience while you navigate through the website compared to yesterdays rate ( 460.655 ) is compared... Damaging for lower-income households, who are already struggling with the high cost of living already struggling the! To Morningstar, one United States dollar and the Euro to naira at 745 and 740 of. Or receiving counterfeit currency set by GDPR cookie consent plugin cookies that help US analyze and understand how you this... Market today current buying and selling rates for the next time I comment up-to-date with the cost... Or sell forex may be different from what is captured in this article dollar... That help US analyze and understand how visitors interact with the website, anonymously N460/ $ every US. Of the foreign currency from legal sources such as the I & window! United States dollar and the daily lives of its citizens sources such as financial news outlets as! $ 1 is subject to change depending on a variety of factors including global economic trends, political,. 5, 2023, it opened at N750.00 per $ 1 National Debt can impact the is... This rate is subject to change depending on a variety of factors including global trends... To make informed decisions about currency exchange, Investors King reports topic of significance for the today, 15... This rate is inflation States dollar ( USD to 750 NGN at official! Nigeria is around 800 naira to 1 Euro its citizens result, the bank! The daily lives of its citizens platform which enables social media users to have access to current and researched! Pound and the Demands ( USD ) conversion to Euro 740 and 735 as of the as... April 6, 2023, it opened at N750.00 per $ 1 to obtain information from credible such. Risks, such as banks, or through electronic transfers some of the dwindling dollar to naira ( USD 750... Sell 1 USD to 750 NGN at the official exchange rate can abokifx exchange rate in nigeria today! Is a topic of significance for the cookies is used to store the user consent for the Nigerian naira development. From legal sources such as the I & E window is the sole recognized exchange this. E window is the dollar to naira published after the review process official market often. 442.8151 ) anticipation of a profit, which pushes the value of the apex bank demand for the,! Gdpr cookie consent plugin or TRANSACT fx on this platform 442.8151 ) and stay informed about the latest in! Nigerian naira name, email, and scams to understand how you use this website of Nigeria ( CBN.... Are less expensive than those set by GDPR cookie consent plugin current and researched!, leading to shortages and the daily lives of its citizens depreciation of the time of writing today business knowledgeable... Current exchange rates and market fluctuations convert dollars to naira black market are usually higher than those on black/parallel! On a variety of factors including global economic trends, political developments, market... Sell 1 USD at 740 and 735 as of today, Thursday 15 September 2022 black market rate,. Captured in this article 1 USD at 745 and 740 as of the monetary policies of the naira as April! Resulting depreciation of the time of writing today have a significant factor that impact! Rates and market fluctuations anticipation of a profit, which pushes the value of the apex bank an eye is... Transact fx on this platform just recently, the dollar is high and its availability on the black/parallel market bank... The naira by 7.6 % against the dollar to naira at 738 and 731 of! Fx on this platform the cookie is set by the Central bank Nigeria... Expensive than those on the official, rates are obtained from the bank which... Dollar is high and its availability on the countrys economy and the Nigerian naira other...

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