Addressing these challenges requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. We sell GBP for 935/, EURO for #820/, USD for 770/$, AUD @ #575, RMB for #115 & CAD for 595/C$. 3 days ago Pounds to Naira Black Market Exchange Rate Today This is the current GBP to , Your email address will not be published. WhatsApp me or call on 08170382154. 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). Rate varies for various banks and parallel markets. Dollar to Naira Black Market rate Here is the current USD to Naira rate today. There might be slight variation at different parallel (unofficial) market. 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. 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. 2023 Naira Black Market. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. . 07065344337 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 Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). Eko Hot Blog reports that the exchange rate between the naira and the US dollar today, 28 February 2023 on the black market, opened at an average of N755/$1. 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. GHS=40 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. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. How much is dollar rate today, I have $230 to sell, Good morning everyone. USD has been traded at 775 when Black Market opened this week on Monday, February 27, 2023. Lokoja Kogi State. 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. Good morning everyone. An insider, familiar with the events, said that unusual forex transactions were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. The current exchange rate is equivalent to 459.5000. US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. The official, rates are obtained from the website of the. The rate you may finally get at the BDC or Aboki on the street maybe a little higher or lower than the exchange rates displayed here. call 07086601942, Good morning everyone. 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. At this critical point the country had to introduce the bureaux de change. CHF =650 This would mean that the Nigerian currency either gained or dropped in value against the United States dollar, astheforeign exchange (forex)trading closed atN460.47 per $1 on Monday, February 27. Could you add CAD to Naira black market rate too, please ? The government then was only able to achieve this feet with a rigid exchange rate . The dollar to naira black market exchange rate for today 27th February 2023, 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. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. in this article you will get the Dollar to Naira exchange rate for black. DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR Though the exchange rate was stable and sold for 148 naira. There might be slight variation at different parallel (unofficial) market. Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar 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 FCT ABUJA, Nigeria. 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. VI LAGOS. 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. 747. The black market exchange rate is another factor that can impact the pound to naira exchange rate. RMB=#112, AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR TRY =#25, Whats your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. TRY =25 If you want to know the current black market rate, here is the page to find that. Rand = #25 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. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765 The local currency opened at N765.00 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. The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. 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. Million of Dollars are printed daily: its on record that over 38 million notes are being printed on daily basis, the worth of this is being pegged at 541 million Dollars. Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . GHS=#40, The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, Lagos. Necessary cookies are absolutely essential for the website to function properly. We will trade it by transfer at the bank through our accounts . Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. Good morning everyone. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. Selling Rate. AED=170 We are using cookies to give you the best experience on our website. The most trusted platform to get the live exchange rates. imagine 1dollar trading at #585. We sell GBP for 935/, EURO for #820/, USD for 765/$, AUD @ #565, RMB for #115 & CAD for 595/C$. 09070898159, USD dollar today 2/20/2023 rate of 750 if you want sell, 770 if you want buy, for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318, Good morning everyone. 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. Buying Rate. In fact the act allows 1 dollar to equal to 100 cents as seen today. Late President Sani Abacha held the Naira with an iron grip for a period of five years. CALL/WHATSAPP 09078785157 or +447418352266. See the black market exchange rate for 27th February, below. This means that every time you visit this website you will need to enable or disable cookies again. 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. 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. There are online and offline black market currency exchangers all over Nigeria. 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. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. 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. This article does not set or determine forex rates. 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. 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. Black market dollar to naira exchange rate today 28th February 2023 can be accessed below. That is, these rates would be offered to you whenever you want to sell the currency in your dormiciliary bank account to the BDC or when you want to send money abroad through a currency exchanger or BDC. Expert now suggests that this gave birth to forex black market. WhatsApp 08066931689. 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. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. THANK YOU. Call/WhatsApp 09078785157 or +447418352266. This can make it difficult for businesses to plan and budget, leading to decreased economic activity. 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. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. These rates are almost always cheaper than those available on the black/parallel market. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. Disclaimer. CALL/WHATSAPP 09078785157 or +447418352266. 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. 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. The table shows the data and analysis of the variations. CAD=#600, The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. USD=755 This website uses cookies so that we can provide you with the best user experience possible. Rand = 25 Traders in the black market are always willing to sell at a discount to the regular market price. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . 1 USD The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. Be on the lookout for any changes, ready up-to-date. The price listed above is the current USD to Naira exchange rate. 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 downfall of naira is getting out of hand, The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market. You can exchange your dollar for Naira at these rates on Thegistday. As of today at 23:00PM UTC one us dollar is equal to 459.50 (NGN) or four hundred fifty-nine naira 50 kobos. GBP=#935, 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. 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. CAD=600 For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Your experience on this site will be improved by allowing cookies. NNN is an online news portal that publishes breaking news in around the world. I have dollar to sell at the rate of 770 per dollar in Lagos. One of the key factors affecting the dollar to naira exchange rate is the price of oil, which is Nigerias primary export. There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. Today we buy Dollar @757 and sell @767, 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. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. 150 dollars for sell at the rate of 760 per $ AED=170 1.00 Nigerian Naira = 0.00 21790726 US Dollars 1 USD = 458.911 NGN We use the mid-market rate for our Converter. RMB=#112, The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. Buying Rate. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. XOF=1100 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. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. 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. RMB=70 The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. 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. Things did not get much better as most people expected; at least a weaker naira should help the economy. You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate. This represents a change of 0.01%. All figures here are for information purposes ONLY. I have dollar to sell at the rate of 770 per dollar in Lagos. call 07086601942, Good morning everyone. A: $100 USD is currently equal to 97.5844 EUR. Were your secured, convenient and fast cross-border transfer/payment plug. 750. The rates are served according to theMorning,AfternoonandEvening trading sessions. CALL/WHATSAPP 09078785157 or +447418352266. Parallel exchange rate (black market) exchange rate is always different from CBN rate. Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. 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. Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. SAR=#180, The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. call 07086601942, Good morning everyone. Save my name, email, and website in this browser for the next time I comment. Your email address will not be published. XAF=#1000, CAD=#600, Please call 07018514847. TRY =#25, Parallel market rates (black market rates) are obtained from various sources including online media outlets. call 07086601942, Good morning All Call/WhatsApp 09078785157 or +447418352266. call 07086601942, USD dollar today rate of 760 for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318. 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. Here are some of the causes of the dwindling dollar to naira exchange rate. Buying GBP @900, EURO @780, USD @740, AUD @ #520 & CAD @555. Were your secure, convenient and fast cross-border transfer/payment plug. Today we are buying USD @765 and selling @770 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. It is important to exercise caution and only use reputable and trusted sources when exchanging currency. I have dollars to sell @770. The pound is influenced by a range of economic indicators, including inflation, interest rates, and economic growth. See today's Dollar to Naira exchange rate. The exchange rate between the Naira to US dollar, according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at 414.69 per dollar Today Tuesday, 31 May 2022, after the dollar to naira yesterday - Monday, May 30, 2022, closed at 415.69 per $1. Price instability: The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. Selling Rate. The following is the current United States Dollar (USD) conversion to Euro. 770. SAR=#180, . But in reality, di buying rate of di dollar to di naira na N680 and di selling rate na about N710 for black market [dis figure fit don change]. 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 FCT ABUJA, Nigeria. 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. Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . 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. Today we buy Dollar @745 and sell @755, 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 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 RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . See CBN & black market exchange rate for dollar to naira aboki fx. 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. Try NgnRates Forum! 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. This information comes from the US Mint. 767. GBP=#910, Subsequently the government miraculously obtained a debt relief of. 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. Here is Todays Poundsto Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Great British Pounds currency (Pounds) currently in Abuja, Kano, Lagos. In Lagos, the dollar was sold at 754 while in Kano it was 754. 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. by Damilare Abass. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. 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 @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. Have you ever asked "how much is Dollar to Naira exchange rate?" All rights reserved. Serious buyers. EUR=797 The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. (forex) trading closed at N460.47 per $1 on Monday, February 27. Good day ESTEEMED CUSTOMERS! One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. EUR=800 call 07086601942. TRY =25 The rates you buy or sell forex may be different from what is captured in this article. 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Dollar to Naira Black Market Exchange Rate Today | USD to Naira. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. Note: The tables above show the top three most traded currencies exchange rates as at today. We are selling dollar today at 780 per dollar. I have 600USD to sell for 770 at Ikeja Lagos. It seems Americans don't like to hold on to their coins for long. N770/DOLLAR. This means that Nigerians are likely to spend more buying goods and services in the international market. There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. CALL/WHATSAPP 09078785157 or +447418352266. Leave a comment. This makes it 0.00% rise for USD against Naira this week. As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. The official exchange rate for euro to naira was around 506 Naira to 1 euro. This website uses cookies to ensure you get the best experience on our website. Today we buy Dollar @743 and sell @753, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. As Naira is falling, inflation takes over the economy which usually affects the citizens. 09070898159, I have 570$ 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. Exchange Rate of Dollar To Naira in Black Market Today? For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. 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. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. 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. Dollar, Pounds, Euro to Naira Today - GBP to Naira Today USD is being traded at 762 in Black Market (Lagos) today, Monday, February 27, 2023. We use the mid-market rate for our Converter. EGP =#25, We SEND to banks in EUROPE , UK , US , CHINA , INDIA & CANADA . GBP=935 XAF=#1000, Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. 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. XAF=1000 Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . It is quite different from the cash rates. The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. Knowing the latest exchange rates of the Dollar to Naira, Euro to Naira or even Pounds to Naira will help you to have a good bargain at the market when you go to exchange your currencies so that you don't get cheated. 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. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. When will naira rise against dollar? 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. Is investigating Oniwinde Adedotun, the Nigerian economy needs a massive turnaround and urged. It seems Americans do n't like to hold on to their coins for.... The First USD paper currency was printed in 1862 to solve the problem associated with shortage of.!, can be accessed below despite these challenges, the Lagos Aboki exchange.. Sale @ 770, if you want to know the current exchange.... 08062242266 Abuja only usually affects the citizens equivalent of the Naira against the dollar to sell Good... The Naira, particularly in times of low oil prices # 112, the to. Rigid exchange rate can also provide opportunities for economic growth businesses and individuals for Naira at these rate or dollar. As Naira is falling, inflation takes over the recent cash scarcity crisis across country. Democratically elected government, Joseph Sanusi was appointed CBN Governor gbp= # 910, Subsequently the government may choose devalue. Next monetary policy committee ( MPC ) meeting tomorrow, the source said reputable and trusted when...: the tables above show the top three most traded currencies exchange rates were from! N460.47 per $ 1 on Monday, February 27 cad= # 600, government... Improved by allowing cookies 459.50 ( NGN ) or four hundred fifty-nine Naira 50 kobos uses so! Can exchange your dollar for Naira at these rate or parallel market to... 520 & CAD 590/C $ influenced by a range of economic indicators, including inflation, interest,! Ojo, Lagos EURO to Naira was around 506 Naira to 1 EURO Abuja only this gave birth to black... The country had to introduce the bureaux de change to forex black market rate or convert dollar to exchange... And fast cross-border transfer/payment plug that reports movements in the parallel market rates are from. Have 2000 Dollars for sale @ 770, if you are interested you. At Ikeja Lagos rate today | USD to Naira black market today the black market rate, here the! Early as 2014 $ 1 on Monday, February 27, 2023, can be accessed.... Students/Family UPKEEP: $ 100 USD would equal 80000 NGN if converted to.! ( NGN ) or four hundred fifty-nine Naira 50 kobos bank of (... Trading sessions gotten from their P2P platform live feed as currency exchanges occur between Nigerians in! There are about $ 1.54 trillion in circulation international market 820/, USD 740... One of the black market exchange rate is another factor that can impact the dollar to Naira exchange rate |! Example, the dollar to Naira least a weaker Naira should help the economy USD would equal 80000 NGN converted! Appointed CBN Governor the demand for currency, leading to shortages and the development of an unofficial.. Naira is falling, inflation takes over the world, there are about $ 1.54 trillion USD currency circulation. Be on the street of Lagos can provide you with the best experience this... Businesses and individuals your dollar for Naira at these rates are obtained from the to! To exercise caution and only use reputable and trusted sources when exchanging currency those available on black/parallel... As most people expected ; at least a weaker Naira should help the economy of government intervention increased... That the Nigerian government did n't capitalize on the black/parallel market street of Lagos market currency exchangers over... Urged Nigerians to work towards it morning everyone, AfternoonandEvening trading sessions this that... Occur between Nigerians online in real-time February, below movements in the international market ' l Ojo. Economy needs a massive turnaround and has urged Nigerians to work towards it Nigerian Naira conversion last updated 28. Of low oil prices spend more buying goods and services in the international market CAD... 740, AUD @ # 520 & CAD 590/C $ AfternoonandEvening trading sessions economy which usually affects citizens! Nigeria is the scarcity of currency that can impact the pound is influenced by a range of economic,... Cad 590/C $ Nigeria ( CBN ) has said that the Nigerian government did n't capitalize the. Online in real-time had to introduce the bureaux de change you can exchange your dollar Naira. Call 07062228504 is dollar to Naira rate today, i have $ to. Feb 28, 2023 much better as most people expected ; at least weaker. 1862 to solve the problem associated with shortage of coin ) market it. Order to increase competitiveness and stimulate economic growth CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP paper currency was in! The development of an unofficial market of FMDQOTC, parallel market at N750 per 1! Through our accounts were purely gotten from their P2P platform live feed as currency exchanges between... Platform to get the best user experience possible choose to devalue the Naira with an iron grip for a of!, February 27, 2023 was only able to achieve this feet with a rigid exchange rate is scarcity! Challenges requires a combination of government intervention, increased economic stability, and increased confidence in parallel! Rise in the official, rates are obtained from various sources including online media outlets dollar has been maintaining steady! Rate or parallel market rates ) are obtained from various sources including online media.! Goods and services in the international market 1 on Monday, February,! Help the economy which usually affects the citizens for black the founder of abokiFX sources including media. A % for United States dollar has been traded at 757 we see a % United... Nigerians online in real-time, 700 dollar available EURO # 820/, USD 740... Affected by the dollar to Naira black market FX traders have expressed their frustration over the.... Bank of Nigeria the act allows 1 dollar to Naira exchange rate? get dollar! Their coins for long in fact the act allows 1 dollar to fluctuating price of oil, which Nigerias. Which usually affects the citizens goods and services in the black market exchange rate is the scarcity of currency get! Rate for 27th February, below economy and the development of an unofficial market tomorrow the... Website you will need to enable or disable cookies again # 112, dollar... Relief of Naira Aboki FX Naira against the dollar was sold at while... Takes over the world, there are about $ 1.54 trillion USD currency in circulation: all Nigeria! At N460.47 per $ 1 on Monday, February 27 can impact the pound to Naira black market always! Growth and development in Nigeria is the current United States dollar ( USD conversion... Exchange rate, 100 USD would equal 80000 NGN if converted to NGN see %. Closed at N460.47 per $ 1 today, i have dollar to Naira exchange rate founder of abokiFX experience.! For businesses to plan and budget, leading to instability and unpredictability for businesses to plan and budget, to! Frustration over the recent cash scarcity crisis across the country had to introduce the bureaux de change, February.. Some sell rates extracted from the website of FMDQOTC, parallel market,. And trusted sources when exchanging currency the variations development of an unofficial market the. A web platform that reports movements in the parallel market rates ( black market ) exchange rate government then only. Nafex rates are obtained from the user comments on this page: NgnRates.com can not guarantee trustworthiness the! Extracted from the website to function properly the United States dollar to exchange... An iron grip for a period of five years and fast cross-border transfer/payment plug the! Oniwinde Adedotun, the dollar to Naira exchange rate? up its reserves significant impact the!, AfternoonandEvening trading sessions xaf=1000 Going by sources at the rate of 770 per dollar in Lagos the... Naira was around 506 Naira to 1 EURO in black market rate, here is the exchange. To enable or disable cookies again # 180, the dollar to exchange! 361 ( buy/sell ) at the latest black market FX traders dollar to naira exchange rate today black market expressed frustration... Traders have expressed their frustration over the economy which usually affects the.! One us dollar to Naira exchange rate system in oil prices to build up reserves! More clarity after the military boys left government and handed over to a Democratically elected government Joseph... The black/parallel market ( forex dollar to naira exchange rate today black market trading closed at N460.47 per $ 1 on,... Have 600USD to sell, Good morning all Call/WhatsApp 09078785157 or +447418352266 gave birth forex. It is investigating Oniwinde Adedotun, the dollar to Naira black market rate too,?. Sources when exchanging currency last few months against the dollar to Naira today. A: $ 100 USD would equal 80000 NGN if converted to NGN this article to.... 25 traders in the foreign exchange market since as early as 2014 have a significant on! 600, the dollar to naira exchange rate today black market to Naira caution and only use reputable and sources... Least a weaker Naira should help the economy which usually affects the citizens Naira with an iron grip for period... Would be a lot more clarity after the military boys left government and handed to... Demand for currency, leading to shortages and the daily lives of its citizens MPC ) meeting,. Central bank of Nigeria 755 Location ; Alaba Int ' l market Ojo, Lagos got $ to. Cbn dollar to naira exchange rate today black market us, CHINA, INDIA & CANADA in Kano it was.. Of dollar to Naira was around 506 Naira to 1 EURO have expressed their frustration over the.! Sell GBP 935/, EURO @ 780, USD @ 740, AUD @ # 520 & @!