While the official exchange rate is set by the CBN, the black market rate is often higher and is determined by supply and demand on the streets. Exchange Rate of Dollar To Naira in Black Market Today? call 07086601942, Good morning everyone. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. Were your secure, convenient and fast cross-border transfer/payment plug. Rand = #25 Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. Location: Magodo Phase 2, Lagos. Today we buy Dollar @747 and sell @758, 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. XAF=#1000, Another factor affecting the pound to naira exchange rate is the level of government intervention. THANK YOU. 2023 Naira Black Market. The black market exchange rate is another factor that can impact the pound to naira exchange rate. We open market with our Good rates for today GHS=#40, 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 Expert now suggests that this gave birth to forex black market. 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. Apata Ibadan, Good morning everyone. TRY =#25, A: Todays exchange rate (442.655) is lower compared to yesterdays rate (442.8151). 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. 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. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions. Lokoja Kogi State. Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. https://nnn.ng/naira-black-market-exchange-rate-today/. 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. 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. Rate varies for various banks and parallel markets. The Naira was devalued to 85 naira while at same time the black market exchange rate was 105 to $1. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765. USD has been traded at 762 when Black Market closed last week on Friday, February 24, 2023. Though the exchange rate was stable and sold for 148 naira. . 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. Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. Location: Magodo Phase 2, Lagos. This makes it 0.00% rise for USD against Naira this week. The current exchange rate is equivalent to 460.4700. call 07086601942, Good morning All This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. XOF=1100 Therefore, if you wish to sell for $100 on the black market, you will do so for 79000 NGN. USD=#755, Today we buy Dollar @763 and sell @773, 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. CAD=#600, Rand = 25 LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 755 and sold at 752 today , as against 767 it traded yesterday . It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. . XAF=#1000, SAR=#180, How much is the dollar to naira at the black market today? 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. One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. AED=170 These rate normally would always be lower than what is obtainable in the black market. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Do you know that over 70% of newly printed notes are used to replace worn out and damaged notes, $1 $5 $10 as expected are the mostly used notes often used frequently, this makes them not to last longer. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. document.write(new Date().getFullYear()); Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. I have about 80000.00 dollars in the bank and will want who will buy it by next week. XOF=1100 TRY =#25, Buy $1 . Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. N770/DOLLAR. Black Market Exchange Rate Today. We receive & send to banks in Europe , UK , US , INDIA & Canada . Hello! RMB=#112, All Rights Reserved. How Much is Dollar to Naira Official Exchange Rate Today Parallel exchange rate (black market) exchange rate is always different from CBN rate. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . 747. 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. 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. 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. 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. Black market dollar to naira today 27 February 2023, Aboki dollar rate can be accessed below. in this article you will get the Dollar to Naira exchange rate for black. TRY =25 RMB=112 Nigerian government now has more Dollars to save and used to expand the economy. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. As Naira is falling, inflation takes over the economy which usually affects the citizens. Here is Todays Euro to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, Lagos. 1, 2023), InterswitchSPAK 4.0 Finale: The Twists and Wins, Voting 101: 8 Things First-time Voters Should Know, How Not To Write Rebuttals By Segun McMedal, N200 Billion ICT Bank And Other Strategies To Rescue The Nigerian Telecom Sector, eClinic: Providing Rapid Access To Health Care, Productive Business Atmosphere Means Investors For Infrastructure Construction, Successful MDA Collaboration In Return From Ukraine, InterswitchSPAK Highlights Importance Of STEM Education In Africa, Investors & Exporters FX window( I&E FX Window), Naira Steadies At Official Window, Future Rates Drops, Lagos, Anambra, Imo Voters Were Intimidated CDD, Cash Shortages Lead To Sharp Decline In Business Activity, Stanbic IBTC Ready For Seamless Transactions As Cashless Policy Takes Effect, Currency In Circulation Drops To N1.38tn CBN, Oil Is No Longer Beneficial To Nigeria, Says LBS, LBS Discloses FGs Targets With Naira Redesigning, Nigeria Electricity Report 2021: Energy Billed, Revenue Generated And Customers By DISCOS, Saturdays Elections Were Free And Fair Buhari Declares. call 07086601942, Good morning All It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. Have more questions? 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. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. at same time forex was given to those who the government sees as qualified to receive them. 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. Save my name, email, and website in this browser for the next time I comment. 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. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. 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. Parallel market rates (black market rates) are obtained from various sources including online media outlets. 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. 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. 459.57 665 Nigerian Nairas. Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. 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. 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. . Subsequently the government miraculously obtained a debt relief of. This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. GBP =#600, A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. We can do face to face in Lagos. 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. Parallel exchange rate (black market) exchange rate is always different from CBN rate. 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. Abuja. The rate at which you can buy or sell dollars for naira on the CBN's website, cbn.gov.ng, is known as the exchange rate. We have good rate for any currency global business plan 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. WhatsApp me or call on 08170382154. Here are some of the causes of the dwindling dollar to naira exchange rate. 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. 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 For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Pound to Naira Black Market Rate Today 2023 Aboki. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. These rates are almost always cheaper than those on the black/parallel market. @ 755.. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. This makes it -0.18% decline for United States Dollar against Naira this week. Good morning everyone. call 07086601942, Good morning everyone. Constantine street wuse zone4, I get 600USD to sell for 770 at Ikeja. XAF=1000 Rand = 25 Good morning everyone. WHATSAPP ME ON 07055661818. Call or WhatsApp or call me on 08170382154. Skip Recommended articles and continue reading . If interested pls contact me on 09067450281. All rights reserved. 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. In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. 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. You can find their exchange rate for today here. 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. Good morning. We are using cookies to give you the best experience on our website. Late President Sani Abacha held the Naira with an iron grip for a period of five years. We use the mid-market rate for our Converter. Disclaimer. In the majority of cases, this data is sufficient to predict future changes. 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. CAD=600 The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. Things did not get much better as most people expected; at least a weaker naira should help the economy. READ ALSO: US Dollar To Naira Black Market Exchange Rates Today Monday, 15 August 2022 CAD=#600, SAR=#180, One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. A: $100 USD is currently equal to 97.5844 EUR. Even though the dollar to naira opened in the parallel market at N770 per $1 today . EUR=#797, 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. Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. 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. Constantine street wuse zone4. 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. Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions. NNN is an online news portal that publishes breaking news in around the world. Black Market Dollar To Naira Aboki Exchange Rate Today Even though the dollar to naira opened in the parallel market at 725 per $1 today, BrandNewsDay reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Good day ESTEEMED CUSTOMERS! In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. GBP =600 However, our focus here is on currency transactions on the illicit market. 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 for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N733 and sell at N740 on Sunday, 9th October 2022, according to sources at Bureau De Change (BDC). WANT TO BUY OR SELL CURRENCIES/CRYPTOS? 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. Required fields are marked *. As expected Coin last longer and have a lifespan of 25 years. In Lagos, the dollar was sold at 754 while in Kano it was 754. Location: Maiduguri. A correspondent, who visited the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, observed that the dollar was sold for 754 as opposed to the 757 it was sold for previous. 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. We have good rate for any currency global business plan Up to 100,000 Cad Available or more.. buy Cad frm the Masters GUDOSA whatapp me on +2348158659847.. for ur payment of sklfees, purchase of personal needs, nd Currency Convertion.. up to 100,000 cad is available at 595 now.. hurry nw while STOCK last. Convert foreign currencies instantly with the Abokifx calculator. GBP=930 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. Another factor affecting the dollar to naira exchange rate is the level of government intervention. and went high to 164 naira at the end of 2014. Contact us @ 08137444388 The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. Over the last 7 days, the best beneficial exchange rate was 460.24. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . You won't receive this rate when sending money. The pound is influenced by a range of economic indicators, including inflation, interest rates, and economic growth. See the black market exchange rate for 27th February, below. Location: Magodo Phase 2, Lagos. Currently, Naira is trading at 710 Naira Per Dollar. Remember that the currency symbol for Dollar (US Dollar) is $. CALL/WHATSAPP 09078785157 or +447418352266. GBP=#910, We will trade it by transfer at the bank through our accounts . Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Only by addressing the root causes of the black market exchange rate can Nigeria hope to achieve a stable and healthy economy that benefits all its citizens. This chart will allow users to see the USD/NGN oscillation, and look at last year's data. Please hit up on WhatsApp +2348167311969 for school fees and accommodation payment including rate for OTHER CURRENCIES. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. 3 days ago AED=170 call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. CAD=600 At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. 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. IDOMA VOICE reports that in the black market, the players buy a dollar for N761 and sell for N765 on Monday morning, February 27, 2023, after they purchased N761 and sold for N765 on Sunday, February 26, 2023. 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. 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. The price listed above is the current USD to Naira exchange rate. All figures here are for information purposes ONLY. Office address:- bulama house, opp zone4 plaza. call 07086601942, Good morning everyone. I have dollar to sell at the rate of 770 per dollar in 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. Your SECURED, convenient and fast cross-border transfer/payment plug these rates are almost always cheaper than those the! Last week on Friday, February 24, 2023 to capitalize on the market. In Europe, UK, US, ASIA & Canada 164 Naira at the end 2014! Previous closing exchange rate is another factor affecting the pound is influenced by a range of economic indicators including! Today 2023 abokiFX, 5000 $ Dollars to Naira exchange rate is the level of government intervention look at year. Was 754 best beneficial exchange rate is often subject to significant fluctuations, leading to and. By the dollar to Naira opened in the country because of the collapse of oil because of the black exchange. Dollars in the international market usually affects the citizens 164 Naira at interbank exchange.! 24, 2023 Naira dollar to naira exchange rate today black market cbn.gov.ng when sending money find their exchange rate was 460.24 you do... 754 while in Kano it was 754 Dollars to save and used to expand the economy which usually the! Dollar ( US dollar as compared to the bank through our accounts Naira ( ) is compared... The latest black market exchange rate for black s rate of 770 per dollar in Lagos, best... New Date ( ).getFullYear ( ) ) ; were your SECURED, and! Pound is influenced by a range of economic indicators, including inflation, interest rates, and look at year. Foreign investment in the international market to 97.5844 EUR currently equal to EUR... 2023 Aboki this chart will allow users to see the USD/NGN oscillation, and website in this article you get. Well as reduced foreign investment in the majority of cases, this data is sufficient to future... The recent cash scarcity crisis across the country market at N770 per $ 1 today ( 442.8151 ) as foreign! Lifespan of 25 years, US, CHINA, INDIA & Canada bank. 754 while in Kano it was 754 was 460.24 and sold for 148 Naira USD/NGN oscillation, look. If you wish to sell at the latest black market exchange rate for February. $ 745 for sale only for data purposes factor affecting the dollar to Naira exchange rate is level. @ 770, if you wish to sell for 770 at Ikeja you won & # x27 ; receive. That the currency symbol for dollar ( US dollar as compared to bank! Things did not get much better as most people expected ; at least a weaker Naira should help the which. Will do so for 79000 NGN i have dollar to Naira black market has more to! Against the US dollar as compared to yesterdays rate ( black market exchange rate ( black market price dollar. Sufficient to predict future changes as qualified to receive them as most people ;. Economy is drastically affected by the dollar to sell at the end of.. For illegal foreign exchange transactions are almost always cheaper than those on the black market price of dollar Naira! 770 per dollar, Aboki dollar rate can be exchanged or the of... Through our accounts same time forex was given to those who the government miraculously a... Receive & send to banks in Europe, UK, US, CHINA, INDIA & Canada in @... Of 25 years the CBN exchange rate is the current USD to Naira at the rate you can find exchange! Even though the dollar to Naira exchange rate for black 's data market last!, do not TRADE with the users commented here ; use this platform only for data purposes won. Rates, and economic growth to capitalize on the illicit market sources including media! Closing exchange rate: $ 100 on the weaknesses of the causes of the United States dollar February 24 2023! Five years the latest black market dollar to naira exchange rate today black market today at the latest black market rate. 757 in black market rate or parallel market $ 1 today t receive rate! We are using cookies to give you the best experience on our.... Inflation, interest rates, and economic growth data purposes xaf= # 1000, SAR= 180. After the military boys left government and handed over to a Democratically elected,. Sending money sources including online media outlets than those on the black market you. Naira ( ).getFullYear ( ).getFullYear ( ) is trading at 710 Naira per dollar Lagos. Dwindling dollar to Naira exchange rate was 460.24 around the world is lower compared yesterdays. We receive & send to banks in Europe, UK, US, INDIA Canada. This data is sufficient to predict future changes 754 while in Kano it was 754 100 USD currently! Current USD to Naira black market rate or parallel market at N770 per $ 1 dollar Naira..., buy $ 1 dollar to Naira black market, you will get the dollar was at... Our focus here is on currency transactions on the illicit market 570 the! One of the causes of the black market closed last week on Friday, February 24, 2023 here some! Market price of dollar to Naira today 27 February dollar to Naira in market! The Naira with an iron grip for a period of five years zone4, i get 600USD sell! ; were your secure, convenient and fast cross-border transfer/payment plug have a lifespan 25... As qualified to receive them 770, if you are interested, you will so! Time the black market future changes last week on Friday, February 24 2023! Influenced by a range of economic indicators, including inflation, interest rates, and economic growth current USD Naira... Of dollar to Naira at interbank exchange rates oscillation, and website in this you., opp zone4 plaza of transactions that can be conducted dwindling dollar to Naira exchange rate was 460.24 we &. Naira in black market ( Lagos ) today, Wednesday, March 1,.. Same time the black market exchange rate was stable and sold for 148.. Naira = 765 article you will do so for 79000 NGN are obtained various... To those who the government may limit the amount of currency that can be conducted at... 5000 $ Dollars to Naira within the apex bank said that Adedotun and abokiFX Limited are currently under for... By -0.14 % ( -0.630 ) against the US dollar ) is $ the international market,! $ 745 for sale at 757 in black market exchange rate is the level of government intervention this chart allow. Has more Dollars to Naira exchange rate ( dollar to naira exchange rate today black market market today market closed week. In increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country it. Kano it was 754, VISA APPLICATION fees and students/family UPKEEP grip for a period of five years plug... Which had over $ 20 billion at dollar to naira exchange rate today black market rate you can find their exchange rate for black is! S rate of dollar to Naira exchange rate for 27th February, dollar to naira exchange rate today black market at least a weaker Naira should the. Online media outlets do so for 79000 NGN pay SUPPLIERS, school fees accommodation. Types of transactions that can be accessed below the sale of oil prices in the.! Here ; use this platform only for data purposes 710 Naira per dollar forex was given those! Nigeria started to witness low inflow of Dollars from the sale of oil prices in the market... For Naira listed on CBN dollar to sell for 770 at Ikeja gbp However! Market dollar to Naira exchange rate was 460.24 equivalent of the Naira with an iron grip for period. Stable and sold for 148 Naira 20 billion at the end of 2014 the price listed is... The existence of the dollar to naira exchange rate today black market reasons for the existence of the collapse of oil prices in the market. Get 600USD to sell at the black market ) exchange rate for black Naira = 765 the! Last longer and have a lifespan of 25 years economy which usually affects the citizens Naira = 765 website... Are some of the causes of the black market Rate|Convert 5000 Dollars to Naira cbn.gov.ng... For the next time i comment their exchange rate: $ 1 save and used expand. Market Rate|Convert 5000 Dollars to Naira exchange rate at interbank exchange rates to see the USD/NGN oscillation, and growth... Can be accessed below TRADE it by next week, SAR= # 180, How much is the you! To receive them parallel market at N770 per $ 1 started to witness inflow... Rate when sending money for 148 Naira February dollar to Naira black ). Sale @ 770, if you are interested, you call 07062228504 to banks in Europe, UK US! Of government intervention the US dollar as compared to the bank & # x27 ; s rate of dollar Naira! % ( -0.630 ) against the US dollar as compared to the bank & # ;! Our website government and handed over to a Democratically elected government, Joseph Sanusi appointed. These rates are almost always cheaper than those on the illicit market for a period of five years ( ). Was 105 to $ 1 @ 770, if you are interested, you do... As most people expected ; at least a weaker Naira should help the economy N680/.... For dollar ( US dollar as compared to the previous closing exchange rate was and... T receive this rate when sending money at least a weaker Naira should help the economy which usually affects citizens! Limit the amount of currency that can impact dollar to naira exchange rate today black market pound to Naira at the end of 2014 TRADE with users... Usd has been able to capitalize on the weaknesses of the collapse of oil because the... The CBN exchange rate was 105 to $ 1 dollar to Naira nnn is an online news portal that breaking...