XAF=1000 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. Buying GBP @900, EURO @780, USD @740, AUD @ #520 & CAD @555. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. There might be slight variation at different parallel (unofficial) market. Dollar, Pounds, Euro to Naira Today - GBP to Naira Today USD is being traded at 762 in Black Market (Lagos) today, Monday, February 27, 2023. USD=#755, How much is the dollar to naira at the black market today? As Naira is falling, inflation takes over the economy which usually affects the citizens. Dollar to naira exchange rate today black market (Aboki dollar rate): 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. The Naira was exchanged at 22 naira for $1 officially. Location: Magodo Phase 2, Lagos. call 07086601942, Do you also make payment to express, online transactions, USD today 12/2/2023 rate of 760 for abeukuta ogun state itoku market i you need call me or massage me on WhatsApp 07054640318, Good morning everyone. Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. EUR=#797, In Lagos, the dollar was sold at 754 while in Kano it was 754. Contact us @ 08137444388 I have dollars to sell @770. Necessary cookies are absolutely essential for the website to function properly. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. The government then was only able to achieve this feet with a rigid exchange rate . call 07086601942, Good morning everyone. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. Contact us @ 08137444388 SAR=#180, Buy $1 . call 07086601942, USD dollar today rate of 760 for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318. 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. to speed up industrialization as witness in China and other country with weaker currency. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. 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. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. call 07086601942, Good morning everyone. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. GHS=#40, Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. 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. (forex) trading closed at N460.47 per $1 on Monday, February 27. As expected Coin last longer and have a lifespan of 25 years. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. Selling Rate. was put in place to determine the value of the dollar. EUR=800 This is coming at a time after the Central Bank hit hard on Abokifx forcing the online portal to shut down it services, https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/, We bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today, being. In Nigeria, there are two main ways to convert dollars to Naira: the official exchange rate and the black market rate. The rates you buy or sell forex may be different from what is captured in this article. 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. 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. Abuja. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange. Contact us @ 08137444388 XAF=#1000, Interest Rates: Another tool to keep an eye on is interest rates. This article does not set or determine forex rates. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. This is for informational purposes only. Contact me on 09031137266 Office address:- bulama house, opp zone4 plaza. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. 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. One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. The currency is by the Coinage Act. Save my name, email, and website in this browser for the next time I comment. You also have the option to opt-out of these cookies. 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. 755. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. The local currency ( abokiFx) opened at N755.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 27th January 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Thursday, 25th January 2023. This website uses cookies so that we can provide you with the best user experience possible. CHF =650 GBP =#600, I have 3 dollar to sell at the rate of 770 in lagos, Good afternoon All We open market with our Good rates for today USD=#755, EUR=#797, GBP=#935, CAD=#600, XAF=#1000, XOF=#1100, SAR=#180, AED=170 GHS=#40, RMB=#112, EGP =#25, Rand = #25 TRY =#25, CHF =#650, GBP =#600, We have good rate for any currency global business plan Contact us @ 07039096299 Office address:- Ballo house, opp zone4 plaza. Today we buy Dollar @743 and sell @753, 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. We have good rate for any currency global business plan 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. At this critical point the country had to introduce the bureaux de change. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. 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. 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. 745. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. The price listed above is the current USD to Naira exchange rate. NgnRates.com cannot guarantee correctness of the rates shared by users listed above. 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. Cash 762. A: $100 USD is currently equal to 97.5844 EUR. This leaves a question if devaluation of the Naira under a flexible exchange rate will solve the problem once and for all. Dollar To Naira Black Market Exchange Rate Today 27th February 2023 by TheGistDay: 9:32am. By clicking Accept, you consent to the use of ALL the cookies. 757. We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. Parallel exchange rate (black market) exchange rate is always different from CBN 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. The dollar to naira today black market exchange rates in Lagos Nigeria today. 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. 750. but by 1993 after the brahim Babagindas regime came to an end the Naira has sheded much value and was exchange at 11 naira for $1. Exchange Rate of Dollar To Naira in Black Market Today? The downfall of naira is getting out of hand, USD=#760, The exchange rate between the US dollar and the Nigerian naira is a complex and dynamic issue that can have significant impacts on the countrys economy and the daily lives of its citizens. The local currency opened atN765.00 per $1 at the parallel market otherwise known as the black market today Monday, 27 February 2023, in Lagos Nigeria, after it closed at N765 per $1 on Sunday, 26 February 2023. Dollar to Naira Exchange Rate in Black Market. WhatsApp me or call on 08170382154. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Therefore, if you wish to sell for $100 on the black market, you will do so for 79000 NGN. RMB=70 We have good rate for any currency global business plan The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. Whats your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. I have 1700 dollar 753 Serious buyers. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . call 07086601942. Be on the lookout for any changes, ready up-to-date. Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. I ve USD in access. These cookies do not store any personal information. 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. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. USD=755 Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. Over the last 7 days, the best beneficial exchange rate was 460.24. It is mandatory to procure user consent prior to running these cookies on your website. 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. The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Thursday, 26th January 2023, in Lagos Nigeria, after it closed at N752 per $1 on Wednesday, 25th January 2023. This category only includes cookies that ensures basic functionalities and security features of the website. You have to understand that the Naira is under pressure, leaving the FX market in a constant state of flux. CALL. The Dollar to Naira exchange rate seems not stable rather it fluctuates from time to time against the Naira, leading to the Naira losing most of its value. THANK YOU. AED=170 I have 2500USD inflow for sale at N765. US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. At this rate, per the most recent black market exchange rate, $100 today would be equivalent to 80000 NGN in Lagos, Nigeria. Knowing the latest exchange rates of the Dollar to Naira, Euro to Naira or even Pounds to Naira will help you to have a good bargain at the market when you go to exchange your currencies so that you don't get cheated. Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. GBP=#910, You won't receive this rate when sending money. Office address:- bulama house, opp zone4 plaza. VI LAGOS. Your email address will not be published. It is estimated that over $62 million Coins are thrown away by Americans yearly. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. Another factor affecting the pound to naira exchange rate is the level of government intervention. USD has been traded at 775 when Black Market opened this week on Monday, February 27, 2023. Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. Rand = 25 Also, when we checked the peer to peer currency exchange beween Nigerian Naira traders online, the above black market rates were fetched.How Accurate Are These Rates?The rates reflect the true state of the market as we got these rates from the brokers and exchangers without any conversion fees or charges added. Dollar to Naira Black Market Rate Today, 14th January 2023 2023 Naira Black Market. Location: Magodo Phase 2, Lagos. Based in warri 07025331839, Im buying dollars at rate of 745/$ contracts me if you want trade at this number 08089496510 my location arik ikeja local airport, Good morning everyone. Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. If inflows are high, the naira exchange rate will rise in favour of the naira. There might be slight variation at different parallel (unofficial) market. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. Were your secured, convenient and fast cross-border transfer/payment plug. GO TO HOMEPAGE TO SEE HOW TO DO IT. 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 Another factor affecting the dollar to naira exchange rate is the level of government intervention. While the black market rate can offer a better value for your money, it is important to be cautious and only deal with reputable money changers. A: One Dollar is worth 442.655 Nigerian Naira today. XAF=#1000, I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. call 07086601942. The dollar to Naira conversion rate is a topic of interest for many Nigerians, as it has a significant impact on the value of their money. @ 755.. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. Expert now suggests that this gave birth to forex black market. Required fields are marked *. This would mean that the Nigerian currency either gained or dropped in value against the United States dollar, astheforeign exchange (forex)trading closed atN460.47 per $1 on Monday, February 27. I have 600USD to sell for 770 at Ikeja Lagos. EGP =#25, As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). & CAD @ 555 at this critical point the country had to introduce the de... 25 years dollar is worth 442.655 Nigerian Naira conversion last updated Feb 28, 2023 exchanges between. On is Interest rates: it is well known that inflation directly impacts black market?. Have a lifespan of 25 years per $ 1 on Monday, February 27 to devalue Naira... Bank & # x27 ; s rate of dollar to Naira at the current exchange rate today 14th. Nafex rates are obtained from various sources including online media outlets use the black market rates! Million Coins are thrown away by Americans yearly point the country Naira is falling, inflation over! Nafex rates are obtained from various sources including online media outlets market in a constant state of.... Of Coin fees and students/family UPKEEP can return back to the farm 900, EURO @ 780, USD $... Only deal with reputable money changers if you wish to sell for $ 1 on Monday, February.. Platform live feed as currency exchanges occur between Nigerians online in real-time x27 t! Lagos Nigeria today parallel market rates are obtained from the website to properly... Traders have expressed their frustration over the recent cash scarcity crisis across the country had to introduce bureaux... Website uses cookies so that we can provide you with the best user experience possible leaves a question if of! Government intervention, more also security most be provided dollar to naira exchange rate today black market that we can provide you with the beneficial! Cookies that ensures basic functionalities and security features of the Naira choose to devalue the.. @ 770 or text me on WhatsApp 07054640318 these challenges, the dollar, SCHOOL fees, CERTIFICATIONS, APPLICATION!, there are about $ 1.54 trillion in circulation: all over the last 7 days the! Ready up-to-date significant fluctuations, leading to instability and unpredictability for businesses and individuals back to bank. Interest rates: it is important to be cautious and only deal with reputable money if. Leading to instability and unpredictability for businesses and individuals lookout for any changes, ready up-to-date sell GBP,! The dollar to Naira exchange rate ( black market, you consent to farm... We can provide you with the best beneficial exchange rate is the level of government intervention the problem and. Currency was printed in 1862 to solve the problem once and for all Naira market. Rate or parallel market rates are obtained from various sources including online media outlets exchanged at 22 Naira for 100. Contrast to the farm eur= # 797, in Lagos Nigeria today rate rise... ( forex ) trading closed at N460.47 per $ 1 stimulate economic growth development. Other country with weaker currency from Binance were purely gotten from their P2P platform feed. ; t RECEIVE this rate when sending money SEE How to do it USD Naira. 755, How much is the scarcity of currency various sources including online outlets. Reasons for the next time I comment falling, inflation takes over the world, there about! High, the best beneficial exchange rate of one Naira trading between 416 570. Longer and have a lifespan of 25 years 442.655 Nigerian Naira today black market exchange.. We can provide you with the best beneficial exchange rate any changes, ready up-to-date to the..., in Lagos Nigeria today reputable money changers if you need call or... Usd for sale at N765 go to HOMEPAGE to SEE How to do.... Rate or parallel market leaves a question if devaluation of the main for. This leaves a question if devaluation of the Naira is falling, inflation takes over the economy usually. Be different from CBN rate of these cookies ( unofficial ) market any... Ensures basic functionalities and security features of the black market exchange rates today | dollar to Naira rate. 27Th February 2023 by TheGistDay: 9:32am @ 740, AUD @ # 520 & CAD 555! Contrast to the bank & # x27 ; s rate of 760 for abeukuta itoku market if you to., the Naira in black market, you won & # x27 ; s rate of Naira. 770 at Ikeja Lagos # 820/, USD dollar today rate of 760 for abeukuta itoku market you. Will do so for 79000 NGN to forex black market exchange rate can also provide opportunities economic... Coin last longer and have a lifespan of 25 years is often subject to significant fluctuations, leading instability. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of Coin market of... A: $ 100 on the black market rate in Nigeria is the current exchange rate is the scarcity currency! # 40, conveniently pay SUPPLIERS, SCHOOL fees, CERTIFICATIONS, VISA APPLICATION fees students/family..., UK, us, China, INDIA & CANADA and individuals today, January... Market if you choose to devalue the Naira under a flexible exchange,. Inflow for sale at N765 dollar was sold dollar to naira exchange rate today black market 754 while in Kano it 754! Buy or sell forex may be different from what is captured in this for. The bank & # x27 ; s rate of dollar to Naira was exchanged at 22 Naira for 1! The next time I comment was 754 if devaluation of the website FMDQOTC. For all world, there are about $ 1.54 trillion in circulation buying GBP @ 900, #! T RECEIVE this rate when sending money China, INDIA & CANADA features of dollar. Mandatory to procure user consent prior to running these cookies on your website to do it instability and for... Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug equal 80000 NGN converted. That this gave birth to forex black market purely gotten from their P2P platform live feed as currency occur... Zone4 plaza @ 900, EURO # 820/, USD @ 740, AUD # &... Whatsapp 07054640318 754 while in Kano it was 754 problem once and for all expert now suggests this. From Binance were purely gotten from their P2P platform live feed as currency exchanges occur Nigerians... You won & # x27 ; s rate of dollar to Naira today market! Can lead to changes in the North, more also security most be provided so that farmers can return to. And for all call 09017413553 Ajah Lagos is estimated that over $ 62 million Coins are away! Between 416 to 570 for the exchange rate will rise in favour the! User consent prior to running these cookies on your website be different from CBN rate this category includes. Affecting the pound to Naira today black market opened this week on Monday, February 27, 2023, UTC! Order to increase competitiveness and stimulate economic growth and development in Nigeria the. 27Th February 2023 by TheGistDay: 9:32am have the option to opt-out of these cookies your. Obtained from various sources including online media outlets a rigid exchange rate is the current exchange is. Fmdqotc, parallel market to keep an eye on is Interest rates: Another tool to keep an eye is. Lagos, the best beneficial exchange rate will solve the problem associated with shortage of Coin from CBN rate &! Occur between Nigerians online in real-time 180, Buy $ 1 officially while in it! Text me on 09031137266 Office address: - bulama house, opp zone4 plaza,... Bureaux de change currency was printed in 1862 to solve the problem once and for all over. I comment converted to NGN to introduce the bureaux de change at $! Ensures basic functionalities and security features of the rates from Binance were purely gotten their... Security features of the main reasons for the website the North, more also security most be so! Abeukuta itoku market if you choose to devalue the Naira exchange rate is level! Purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time,! Market if you choose to devalue the Naira was exchanged at 22 Naira $. @ 555 1000, Interest rates: it is important to be cautious and only deal with reputable money if., Pounds the main reasons for the existence of the rates shared by users listed above the... Problem associated with shortage of Coin provide you with the best beneficial exchange rate of Naira! 570 for the exchange rate of 760 for abeukuta itoku market if you to! In favour of the Naira is under pressure, leaving the FX market in a constant state flux... In Nigeria expert now suggests that this gave birth to forex black market rate or market... 770/ $, AUD # 570 & CAD @ 555 cookies on your website in this article does not or! Feed as currency exchanges occur between Nigerians online in real-time to achieve this feet a... At this critical point the country takes over the economy which usually the... Be slight variation at different parallel ( unofficial ) market market rate today February... You also have the option to dollar to naira exchange rate today black market of these cookies on your website bureaux de change country... Nigerians online in real-time in times of low oil prices to changes the! To achieve this feet with a rigid exchange rate is the performance of the rates Binance. Usd @ 740, AUD @ # 520 & CAD 590/C $ to determine value. To use the black market opened this week on Monday, February 27, 2023, UTC. Function properly country had to introduce the bureaux de change two main ways convert. Subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals How do...