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Dollar to Naira today black market Nairaland

Dollar to Naira today black market Nairaland

Dollar to Naira Black Market Exchange Rate – Here is the current USD to Naira rate today. See CBN & black market exchange rate for dollar to naira abokifx.

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.

If you want to know the current black market rate, here is the page to find that.

You exchange your USD to Naira at these rate or convert dollar to naira at the latest black market rate or parallel market.
How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today $1 dollar to naira = ₦435.60/$1.

Naira fell to an all-time low of N435.60/$1 in the official window for investors and exporters, down 0.29% from N434.75/$1 recorded in the previous business trading session.

The total value of Fx currency traded in the official market was 63.05 million dollars, which was 36.8% less than 99.68 million dollars in the previous session.

We gathered reports that the dollar to naira exchange rate has maintained an average of N416.69 to a dollar since the beginning of the new year.

READ MORE: Top 10 Currencies In The World

How much is a dollar to naira today in the black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N572 and sell at N577 on Thursday, March 10th 2022, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦415.58/$1 on 1st and closed at ₦416.67/$1. Showing a change of 0.00%.

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. 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 Exchange Rate

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.

The rate between Naira to Dollar fall to N706.54/$1 compared to N704.99/$1 trading at the same time the previous day.

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).

The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.

As Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.

The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). 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.

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. These rate normally would always be lower than what is obtainable in the black market.

What’s 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.

GTCO Announces N221.5bn Profit Before Tax

Guaranty Trust Holding Company Plc, (GTCO Plc) has released its audited financial report for the year ending Dec. 31, 2021.

The group, in a statement on Sunday, said, its company released the financial statements to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE) declaring a profit before tax of ₦221.5 billion.

This represents a dip of 7.0 percent from ₦238.1 billion achieved in December 2020.

The holding company’s gross earnings also stood at N438.6 billion, slightly lower than N452.2 billion achieved in 2020.

Interest Income amounted to N266.9 billion from N30.7 billion, while interest expense went down to N46.3 billion as against N47.1 billion in 2020.

Similarly, the naira weakened further against the U.S. dollar at the official market as foreign exchange supply plummeted significantly.

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