Dollar to Naira Black Market rate – The parallel market is where you find the black market rate for converting dollars and other currencies. Be careful when trading in this environment because it’s more of a guessing game than an accurate conversion algorithm, so don’t bet your life savings on what seems like great odds.
As a matter of fact, many Nigerians prefer to exchange their foreign currencies, most especially the US Dollars to naira through the black market because the black market exchange rate is slightly higher compared to the exchange rate from banks.
The Dollar to Naira Black Market Exchange Rate is changing, but it’s always worth checking out our site if you want to know what people in your area are paying.
Aboki fx dollar to naira exchange rate has also been added here, so you can easily verify each of the rates for the currencies you want to exchange in the parallel markets. Aboki fx is the most trusted source for black market dollar to Naira rate today. You can find their exchange rate for today here.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N680 |
| Selling Rate | N710 |
You may be interested in knowing that the dollar to naira exchange rate fluctuates wildly on a black market.
The values listed at www.cbn.gov.ng often do not reflect reality, so it could potentially benefit you if your transaction is made through this website or other similar ones where different rates apply, such as street dealers and informal traders who sell goods without any supervision from government institutions like banks, etc.
The price listed above is the current USD to Naira exchange rate. We will always update this page with a daily notification so that you can stay informed and updated about any changes in value or fluctuations happening within Nigeria’s economy as well as internationally. Dollar To Naira Exchange Rate Is The Equivalent Of United States Dollars And It varies For Various Banks Parallel Markets
How Much is Dollar to Naira Official Exchange Rate Today
The parallel exchange rate for the black market is always different from CBN rates. Currently, The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N680 and sell at N710 on Friday, July 28th 2023 and this has a drastic effect on the economy since it’s based on how much people want to invest in US Dollars or not convert their money out before leaving Nigeria
In a press conference, Godwin Emefiele announced that he will be launching an economic policy in order to turn around the economy and support citizens. He also called on people to help him achieve this goal through their allegiance with Naira: “We need your collaboration,” said Governor Emeifele during his speech at President Buhari’s residence yesterday evening
The black market rate for dollars is usually higher than the exchange rate at banks, which are regulated by the Central Bank of Nigeria (CBN). The CBN Exchange Rate can be found on www.cbn.gov.ng/dollar to naira website in October when I last checked it out myself
The dollar to Naira bank rate is the rate you use when purchasing something from an international website using your Naira Mastercard or Debit card. These normally would always be lower than what’s obtainable in the black market, but it varies depending on where and how soon they require their money back after making that purchase.
Dollar to Naira rates are unstable. How can the Government work with CBN and provide reasonable USD/NGN exchange rates in the future?
We would like to know what you think about today’s black market rate, let us know your opinion on how this affects everyone and ways that could help fix this problem going forward