At this critical point the country had to introduce the bureaux de change. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. However, our focus here is on currency transactions on the illicit market. document.write(new Date().getFullYear()); Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. and went high to 164 naira at the end of 2014. Today we are buying USD @755 and selling @765 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. 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Note, the dollar is I'm world remit, you can come with your dollar account so we can cash it in, I have 600 dollars for sale @750 Have you ever asked "how much is Dollar to Naira exchange rate?" TRY =25 This can make it difficult for businesses to plan and budget, leading to decreased economic activity. Government intervention: In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. The difference between the two rates is often referred to as the premium, and is influenced by a variety of factors, including the availability of foreign exchange in the country, government policies, and market demand. The black market exchange rate is another factor that can impact the pound to naira exchange rate. Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. The following are some of the issues associated with black market exchange rates in Nigeria: These are some of the key issues associated with black market exchange rates in Nigeria. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, Lagos. 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. This is for informational purposes only. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. 3 days ago Whatsapp 09057156267 F2F, Good morning everyone. 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. GBP =#600, 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. One should note that at this time Nigeria was struggling to clear its foreign debt; debt servicing alone was taking a toll on the economy. was put in place to determine the value of the dollar. Pounds to Naira Black Market Exchange Rate Today This is the current GBP to , Your email address will not be published. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? 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. USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. Location: Magodo Phase 2, Lagos. Your experience on this site will be improved by allowing cookies. Contact: editor @ nnn.ng. To pay for this we need to make use of a universal acceptable mode of payment which is the US Dollar. Cash 762. Buying Rate. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. N770/DOLLAR. call 07086601942. The current exchange rate is equivalent to 460.4700. There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. Abuja. Exchange Rate of Dollar To Naira in Black Market Today? We open market with our Good rates for today From the standpoint of view the market seems to be indicating for a further fall. We use the mid-market rate for our Converter. Required fields are marked *. The following are the current CAD to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market. Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . CHF =650 Please what rate is used for USD to naira, when making payments online with PayPal from Nigeria? Dollar to Naira black market exchange rate today is between 755 and 760 with an average of 757.50 on 01/03/2023 in Nigeria, according to 2 sell rates extracted from the comments coming from our users. 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. Apata Ibadan, Good morning everyone. Skip Recommended articles and continue reading . The Naira was exchanged at 22 naira for $1 officially. How much is the dollar exchange rate to Naira in Black Market today? Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. Pound to Naira Black Market Rate Today 2023 Aboki. 757. How much is the dollar to naira at the black market today? Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR Buying Rate. call 07086601942, Good morning All DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. There might be slight variation at different parallel (unofficial) market. Good morning ESTEEMED CUSTOMERS! I ve USD in access. call 07086601942. Everything comes from China, India, and the majority of Asian countries. Today we buy Dollar @765 and sell @775, 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. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. Business minded people only. By clicking Accept, you consent to the use of ALL the cookies. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. Rand = 25 A United States Dollar ($1) was exchange at 90 kobo. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. See CBN & black market exchange rate for dollar to naira aboki fx. This means that Nigerians are likely to spend more buying goods and services in the international market. This makes it -0.18% decline for United States Dollar against Naira this week. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. 09070898159, USD dollar today 2/20/2023 rate of 750 if you want sell, 770 if you want buy, for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318, Good morning everyone. In fact the act allows 1 dollar to equal to 100 cents as seen today. TRY =#25, Convert foreign currencies instantly with the Abokifx calculator. Addressing this challenge requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. In Lagos, the dollar was sold at 754 while in Kano it was 754. Constantine street wuse zone4, Cad Only.. Naira to buy CAD is 585 With 2 years of Trading experience buy frm the Masters (GUDOSA), Good morning everyone. RMB=112 The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. Pls I need someone to teach me how to trade on binance. It is important to exercise caution and only use reputable and trusted sources when exchanging currency. Constantine street wuse zone4, I still have 600 dollars at 755 rate also am at lekki ,, u can get me on 07058562122 only for fastest hand, I need pounds who is ready to sell to me for 925 naira to a pounds?? We sell GBP for 935/, EURO for #820/, USD for 765/$, AUD @ #565, RMB for #115 & CAD for 595/C$. Rate varies for various banks and parallel markets. It is quite different from the cash rates. 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. SAR=180 It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. Please note that at this point Nigeria has multiple exchange rate such as CBN, Interbank, Bureau de Change and wire rates, what Soludo did was to harmonise this rate together, allowed certain things like medical, credit card bills. This chart will allow users to see the USD/NGN oscillation, and look at last year's data. The Dollar/ Naira have not had a smooth ride ever since 1986, the relationship between both currency has been unpredictable leaving the economy of Nigeria poorer. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng. GHS=40 See the black market exchange rate for 27th February, below. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. Location: Magodo Phase 2, Lagos. XOF=1100 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. Today we buy Dollar @750 and sell @762, 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. 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. Have more questions? Here, you can read about latest update on: Dollar To Naira, Dollar To Naira Today, Naira, Aboki Fx, Naira To Dollar, Euro To Naira, Pounds To Naira, Usd To Naira, Dollar To Naira Today Black Market, Dollar To Naira Black Market, Canadian Dollar To Naira, Convert Dollar To Naira, Exchange Rate Dollar To Naira, One Dollar To Naira, Pounds To Naira Today$, Naira To Dollar Today, Euro To Naira Today, Dollar Rate To Naira, Pounds To Naira Black Market, Dollar To Naira Exchange Rate Today, Euro To Naira Black Market, Aboki Dollar To Naira Today, Black Market Exchange Rate Dollar To Naira, Naira To Pounds, Naira To Usd, Cad To Naira, Rand To Naira, Naira To Rand, Nigerian Currency, Dollar To Naira Bank Rate Today, Naira To Cedi, Cedis To Naira, Naira To Euro, Ngn To Usd, Usd To Ngn, Current Dollar Rate To Naira, Euro To Naira Today Black Market, Dollar To Naira Exchange Rate Today Black Market, Usd To Naira Black Market. 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