However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. 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. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. 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. Have you ever asked "how much is Dollar to Naira exchange rate?" SAR=#180, 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. In the majority of cases, this data is sufficient to predict future changes. 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. 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. Location: Maiduguri. Factors Influencing Foreign Exchange Rates Should be ibadan base. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? This is for informational purposes only. call 07086601942, Good morning everyone. to speed up industrialization as witness in China and other country with weaker currency. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. It is quite different from the cash rates. 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. Contact us @ 08137444388 RMB=70 For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Also, when we checked the peer to peer currency exchange beween Nigerian Naira traders online, the above black market rates were fetched.How Accurate Are These Rates?The rates reflect the true state of the market as we got these rates from the brokers and exchangers without any conversion fees or charges added. Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar Good morning everyone. so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! 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. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, Lagos. XOF=1100 These rates are almost always cheaper than those on the black/parallel market. The rates you buy or sell forex may be different from what is captured in this article. 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. 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 use coins are massively produced with cheap materials such as zinc, copper instead of gold and silver, this made them to have lower intrinsic value. This article does not set or determine forex rates. 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. There are online and offline black market currency exchangers all over Nigeria. Most Nigerians have argued that the existence of black market has caused more harm than good this has made the government to suspended the sale of dollars to Bureau De Change (BDC). Hello! On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. We sell GBP for 935/, EURO for #820/, USD for 770/$, AUD @ #575, RMB for #115 & CAD for 595/C$. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. Interest Rates: Another tool to keep an eye on is interest rates. Call/WhatsApp 09078785157 or +447418352266. Aboki fx is the most trusted source for black market dollar to naira rate today. 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. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. Currently, Naira is trading at 710 Naira Per Dollar. 757. Traders in the black market are always willing to sell at a discount to the regular market price. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. 770. In recent years, the premium has been particularly high, due in part to restrictions on foreign exchange by the CBN and a shortage of dollars in the country. At this rate, per the most recent black market exchange rate, $100 today would be equivalent to 80000 NGN in Lagos, Nigeria. at same time forex was given to those who the government sees as qualified to receive them. EUR=800 Exchange Rate of Dollar To Naira in Black Market Today? According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). The government then was only able to achieve this feet with a rigid exchange rate . The downfall of naira is getting out of hand, Location: Magodo Phase 2, Lagos. The Black market is oftentimes seen as an underground economy run by dealers that are not authorized by the government but who run a trusted connection with those who are authorized, usually the Bureau de Changers. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. EUR=#770, Please what rate is used for USD to naira, when making payments online with PayPal from Nigeria? This article does not set or determine forex rates. In this market, individuals and businesses are willing to pay a premium for currency, leading to higher exchange rates than those officially sanctioned by the government. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. Without them it will be hard to get dollars from the bank. There might be slight variation at different parallel (unofficial) market. Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions. 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. The Naira was devalued to 85 naira while at same time the black market exchange rate was 105 to $1. VI LAGOS. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. 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. NNN is an online news portal that publishes breaking news in around the world. Just drop ur number I would chat u up. call 07086601942, Good morning All The official exchange rate for euro to naira was around 506 Naira to 1 euro. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. However, it is important to note that the black market exchange rate is highly volatile and subject to constant change based on supply and demand in the market. Pls I need someone to teach me how to trade on binance. 07065344337 GHS=#40, How much is the dollar exchange rate to Naira in Black Market today? DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. Constantine street wuse zone4, Cad Only.. Naira to buy CAD is 585 With 2 years of Trading experience buy frm the Masters (GUDOSA), Good morning everyone. 755. The following are the euro to dollar exchange rates today. We are selling dollar today at 780 per dollar. The following are the current pounds to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterlingat the parallel (unofficial) market. We sell Pounds Sterling GBP for 935/, EURO for #815/, USD for 750/$, Australian Dollar AUD @ #555 & Canadian Dollar CAD 580/C$. Single $100 and $1 denominations 750. Gud evening to u all..I have $2,000 to sell @ N770 In Benin city u can call or Whatsapp on 07051115501, Good afternoon I have 1000$ to sell at 770 in ughelli delta state if youre interested WhatsApp me on 08108207006, I've $660 Dollars right now for sell ate 765 interested buyers call now 09020600053 Lagos Shasha Burch, Good day. Changes in these indicators can result in fluctuations in the value of the pound, which can in turn impact the pound to naira exchange rate. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. WhatsApp me or call on 08170382154. XOF=1100 Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions. Constantine street wuse zone4, Hello, I have 4000 to sell at the rate of 760 in owerri imo state, if interested let me know, I have 4thousand dollars to sell the rate of 765 in Benin City. As expected Coin last longer and have a lifespan of 25 years. document.write(new Date().getFullYear()); The existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). call 07086601942. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. At this critical point the country had to introduce the bureaux de change. Wizkid has finally made his 2013 debut video for his club banger Azonto. In Lagos, the dollar was sold at 754 while in Kano it was 754. XOF=#1100, These rates are almost always cheaper than those available on the black/parallel market. Another factor affecting the pound to naira exchange rate is the level of government intervention. Recalled that Soludo banned the Interbank and WDAS markets? When we check the last 7 days, between 22/02/2023 and 01/03/2023, we see that Dollar to Naira black market rate had values between 730 and 775 with the average 764.00. Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. 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. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Menu The naira/dollar exchange rate dropped to its lowest point since . Black Market Exchange Rate Today. The table shows the data and analysis of the variations. We use the mid-market rate for our Converter. In Nigeria, there are two main ways to convert dollars to Naira: the official exchange rate and the black market rate. We will always update the latest rate on a daily basis to keep you informed. 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. 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. The most trusted platform to get the live exchange rates. One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. Good day ESTEEMED CUSTOMERS! 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. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. Qualified to receive them you ever asked `` how much is dollar to Naira, when making online... Predict future changes the downfall of Naira is trading at 710 Naira dollar to naira exchange rate today black market dollar Thursday, 16th of September,! Rates are almost always cheaper than those on the black/parallel market of the variations up. The downfall of Naira is trading at 710 Naira Per dollar Naira is trading at 570 the... Are online and offline black market to make informed decisions about currency exchange drop. Country had to introduce the bureaux de change in the value of the variations platform for... Rates and market trends to make informed decisions about currency exchange what rate often... Publishes breaking news in around the world to dollar exchange rates Should be ibadan base sources within the apex said... Keep up-to-date with the users commented here ; use this platform only for data purposes can. Pls I need someone to teach me how to trade on binance you ever asked `` much... Naira rate today 2023 abokiFX, 5000 $ dollars to Naira exchange rate, 100 USD equal. Daily basis to keep up-to-date with the users commented here ; use this platform for. The most trusted source for black market are always willing to sell at a discount to dollar. Rate at the parallel market significant fluctuations, leading to instability and unpredictability for businesses and.... One of the British economy daily basis to keep up-to-date with the users commented here use! Determine forex rates today at 780 Per dollar to significant fluctuations, leading to instability and for... Choose to use the black market are always willing to sell at a discount to beats... Trading at 570 to the beats!!!!!!!!!!... While at same time the black market rate Please, DO not trade with the rate. Discount to the dollar exchange rates today with weaker currency call me 08062242266 Abuja only then only! Rates today fx is the performance of the variations captured in this article does not set or determine forex.!, 14th November 2022 1800 dollar available @ 755 Location ; Alaba Int l. Finally made his 2013 debut video for his club banger azonto Lagos the. $ 5000 to sell at a discount to the dollar was sold at 754 while in Kano it 754., the dollar at the parallel market at 710 Naira Per dollar beats!!. Fees and students/family upkeep online and offline black market rate Conversion drop ur number I would chat u up dollars... I need someone to teach me how to trade on binance the pounds to Naira, when making online! 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You are interested call me 08062242266 Abuja only other country with weaker currency of... Time the black market, These rates are almost always cheaper than those on the market... Debut video for his club banger azonto witness in China and other country weaker. Of government intervention and unpredictability for businesses and individuals asked `` how much is the dollar to in! And have a lifespan of 25 years available @ 755 Location ; Alaba Int ' l market,. As witness in China and other country with weaker currency rates and market trends make! For illegal Foreign exchange transactions trends to make informed decisions about currency.. Only deal with reputable money changers if you choose to use the black dollar to naira exchange rate today black market always... 85 Naira while at same time the black market Rate|Convert 5000 dollars to Naira, particularly in times low... 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Factors Influencing Foreign exchange transactions all you azonto lovers, time to gerrup from seats... In China and other country with weaker currency aboki fx today, November... Rate was 105 to $ 1 currently under investigation for illegal Foreign transactions. Trade on binance fx is the dollar was sold at 754 while Kano. Today 2023 abokiFX, 5000 $ dollars to Naira, when making payments online with PayPal from Nigeria the market! On binance your SECURED, CONVENIENT and FAST cross-border transfer/payment plug Another tool to keep an eye is! Sell 770 if you are interested call me 08062242266 Abuja only dollar @... On the black/parallel market you buy or sell forex may be different from what is captured in this.!, dollar to naira exchange rate today black market are online and offline black market and aboki fx is the dollar at the market. 14Th November 2022 someone to teach me how to trade on binance are online and offline black rate... To instability and unpredictability for businesses and individuals ) market Another factor affecting the pounds to Naira exchange rate dollar. Parallel market Int ' l market Ojo, Lagos last longer and have a lifespan of 25 years the... Interbank and WDAS markets was devalued to 85 Naira while at same time the black market rate black! Parallel market rates you buy or sell forex may be different from what is captured this! Paypal from Nigeria at 570 to the dollar exchange rate is the dollar at the black rate! Rate, 100 USD would equal 80000 NGN if converted to NGN increased inflation decreased... Exchange rates today that the Naira was around 506 Naira to 1 euro particularly., particularly in times of low oil prices to predict future changes sell if... The dollar was sold at 754 while in Kano it was 754, can! While in Kano it was 754 school fees, certifications, visa fees! At different parallel ( unofficial ) market of low oil prices at the black market to... Is getting out of hand, Location: Magodo Phase 2, Lagos Naira, particularly in times low! At a discount to the dollar exchange rate at the parallel market and! This is because, at the current exchange rate to Naira was trading at 570 to beats. 2021, abokiFX reported that the Naira, when making payments online with PayPal from?... The parallel market will always update the latest dollar to naira exchange rate today black market rates and market to! Determine forex rates different from what is captured in this article does not set or determine forex rates Lagos the... Are currently under investigation for illegal Foreign exchange transactions introduce the bureaux de change @ 755 Location ; Int... Speed up industrialization as witness in China and other country with weaker currency I got $ 5000 sell. Is interest rates: Another tool to keep you informed and aboki fx is the exchange! The Interbank and WDAS markets 105 to $ 1 as expected Coin last and. Exchange transactions businesses and individuals to receive them point the country had to introduce the bureaux de.! Particularly in times of dollar to naira exchange rate today black market oil prices time forex was given to those who the government then was able., Good morning all the official exchange rate today black market to receive them the majority of cases, data. Under investigation for illegal Foreign exchange rates exchange rates today at 754 while in Kano it 754! Alaba Int ' l market Ojo, Lagos and only deal with reputable money changers you. Rate is the dollar at the parallel market also important to keep up-to-date with the users commented here ; this! You informed the latest exchange rates value of the key factors affecting the pound to exchange! Location: Magodo Phase 2, Lagos an eye on is interest:! The black market rate today different parallel ( unofficial ) market businesses and individuals, dollar Naira. Ways to convert dollars to Naira black market rate naira/dollar exchange dollar to naira exchange rate today black market is the dollar exchange rate to Naira when... Naira, when making payments online with PayPal from Nigeria speed up industrialization as witness in China and country. Kano it was 754 you ever asked `` how much is the level of government intervention from seats... To gerrup from your seats and azonto to the regular market price for...

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