Dollar to Naira Black Market Today: Black Market Dollar to Naira Today, Friday, August 9, 2023 – Are you seeking for the current black market exchange rate between the dollar and the naira? If so, you are in the proper location. Additionally, you can see the official CBN exchange rate for the dollar to the naira at this time as well as the current bank exchange rate. On this page, you may find the current Aboki dollar rate in Nigeria, the CBN’s official exchange rate, and the most recent information about the dollar and the naira.
Dollar to Naira Black Market Today
How Much is Dollar to Naira and the official Exchange Rate Today, 8th September 2023?
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks. The parallel exchange rate (black market rate) always differs from the CBN rate. dollar to Naira
The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website, cbn.gov.ng.
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. These rates are almost always cheaper than those available on the black/parallel market.
How much is dollar to naira today in black market?
How much is Dollar to Naira Today? If you have dollars now in Nigeria, you are a rich man in Nigeria. See the current dollar to Naira exchange rate as of today. We compare the Dollar to Naira bank rate vs aboki rate. Dollar to naira exchange bank rate is far lower than the dollar to naira aboki rate. Of course, you know that the exchange rate in banks is different from the exchange rate in the parallel market. See the details below. Dollar to Naira Today
Dollar to Naira Black Market Rate Today, 8th September 2023
|Dollar to Naira Today (USD-NGN)
|Black Market Exchange rate today
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N922 and sell at N927 on Friday 8/08/2023, according to kemifilani.ng and other sources at Bureau De Change (BDC).
How much is exchange rate of Dollar to Naira in Black Market today?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N922 and sell at N927 on Friday, 8th September, 2023, according to sources at Bureau De Change (BDC).
Please, note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
In the parallel market, Aboki refers to the Hausa people who buys and sell dollars in the streets of Lagos and other major cities in Nigeria.
How much is naira to dollar in black market today? Many of the dealers said they have struggled to trade after abokiFX.com, a website that collates parallel market rates in Lagos, stopped publishing parallel market rates on Friday, after the Central Bank of Nigeria threatened its owner.
How much is dollar to naira black market? “A lot of the big players are finding it difficult to trade because abokiFX no longer displays exchange rates anymore.
How much is a dollar to naira in the black market? We now sell based on how we buy. There’s a likelihood that naira might appreciate further by tomorrow because the price of the dollar keeps fluctuating throughout today,” a dealer told PREMIUM TIMES.
US Dollar to Naira Lagos Parallel Market Rates Today
Are you looking for abokifx exchange rate in Nigeria today black market? As of the time of updating this article, the Aboki Dollar to Naira today rates has not been updated. That is the reason we wrote it loading… We will update the aboki exchange rate in Nigeria today 2023 once the figure goes live. Kindly check back to confirm the current rates.
How much is dollar now in Nigeria? You can find out the current dollar to naira black market rate on this page. The dollar to naira today black market can also be referred to as dollar to naira parallel market. Remember that a parallel market, which is the street market, is not always compliant with an institutional set of rules.
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Dollar to naira black market rate
The dollar to naira black market rate is higher than the official CBN rate. You will know the official back market rate in the streets. That is, if you have dollars that you want to exchange dollars for naira (sell), the amount is determined by the person who have the dollar to exchange for you. On the other hand, if you want to exchange naira to the dollar (buy), the amount could also be high. Dollar to Naira Today
This is the dollar to naira exchange rate in the streets. It’s also called dollar to naira rate in the parallel market or dollar to naira Aboki rate. Black market money exchangers are local BDC street retailers found in almost all states in Nigeria.
Dollar to naira parallel market
What is aboki exchange rate in Nigeria today? The exchange rate of Dollar to Naira Today is minimal. If you have a dollar to change with Aboki, make sure you confirm the dollar to naira bank rate today so that you will not be cheated. From the table above, you can see that the dollar to naira black market rate is N752.
As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira.
Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. This has weakened Naira to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates. Dollar to Naira Today
If you have any questions concerning Dollar to Naira Black Market Today Friday 8/09/2023 [Aboki fx rate], please feel free to use the comment box below and ask us your question. We will be very pleased to answer you.
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