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. GBP =600 The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. Save my name, email, and website in this browser for the next time I comment. There might be slight variation at different parallel (unofficial) market. 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. 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. We have good rate for any currency global business plan TRY =#25, and went high to 164 naira at the end of 2014. As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. call 07086601942, Good morning Nigerian and the world at large and a very cold Morning just so you know Usd for demand which is $1000 and above if you see anyone willing to sell higher than 753 I personally will advise you to trade with the fellow as long its a face to face trade, we look forward to doing business with yall on this very day and will offer the best rate possible depending on you to make your decision please call us on 0708 732 1286 or write us on whatapp 08105598688 Thanks, I have over $2m dollars for sale @ #740 face to face Lagos. 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. 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. From the standpoint of view the market seems to be indicating for a further fall. 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. Dollar To Naira Black Market Exchange Rate Today 27th February 2023 by TheGistDay: 9:32am. Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. 750. You cant predict what the market will turn out to be but we are trying our best to track what rate the USD/Naira are traded on daily basis. CALL/WHATSAPP 09078785157 or +447418352266. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. 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. Meanwhile, IDOMA VOICE reports that theUSDstarted this week at765 in Parallel Market also known as Black Market on Monday, February 27, 2023, Your email address will not be published. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to naira last traded between N755 and N765 with an average of N761.67 in the black market in the state. 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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. Things did not get much better as most people expected; at least a weaker naira should help the economy. Exchange Rate of Dollar To Naira in Black Market Today? Office address:- bulama house, opp zone4 plaza. EGP =#25, Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . Rand = 25 Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. Were your secured, convenient and fast cross-border transfer/payment plug. A United States Dollar ($1) was exchange at 90 kobo. CALL/WHATSAPP 09078785157 or +447418352266. The downfall of naira is getting out of hand, We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. The then administration had no choice rather than to accept the conditionality because of the pressure the Naira and the economy as a whole was under. 767. Selling Rate. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. Good morning. Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. Menu 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. We will trade it by transfer at the bank through our accounts . https://nnn.ng/naira-black-market-exchange-rate-today/. call 07086601942. Late President Sani Abacha held the Naira with an iron grip for a period of five years. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. THANK YOU. Good day ESTEEMED CUSTOMERS! Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. According to the data at theFMDQSecurity Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. We sell GBP for 935/, EURO for #820/, USD for 755/$, AUD @ #555 & CAD for 580/C$. 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. Contact us @ 08137444388 Parallel market rates (black market rates) are obtained from various sources including online media outlets. This makes it -0.18% decline for United States Dollar against Naira this week. The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. 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 FCT ABUJA, Nigeria. 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. EGP =25 The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 757 and sold at 754 today , as against 762 it traded yesterday . 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. Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions. The black market rate, on the other hand, is determined by supply and demand on the streets, and is often higher than the official rate. Black Market Exchange Rate Dollar To Naira. Abuja. 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. Hello! The dollar to naira today black market exchange rates in Lagos Nigeria today. When we look at last month, USD was traded at at the beginning of last February on Wednesday, February 1, 2023. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. Contact: editor @ nnn.ng. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. TRY =#25, Contact us @ 08137444388 We can do face to face in Lagos. How much is dollar rate today, I have $230 to sell, Good morning everyone. 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 The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23rd February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22nd February 2023. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. The official NAFEX rates are obtained from the website of the FMDQOTC. call 07086601942, Good morning everyone. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. Selling Rate. GHS=#40, in this article you will get the Dollar to Naira exchange rate for black. Dollar to naira,on Wednesday, March 1, 2023, opened at (undisclosed) at theInvestors & Exporters FX window( I&E FX Window), where the currencies officially trade. call 07086601942, Good morning All 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. The price listed above is the current USD to Naira exchange rate. Dollar to Naira black market exchange rate today is between 755 and 760 with an average of 757.50 on 01/03/2023 in Nigeria, according to 2 sell rates extracted from the comments coming from our users. Good morning esteemed customers! so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! CHF =650 GBP =600 It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. Today we buy Dollar @760 and sell @770-775, 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. 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. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. It is estimated that over $62 million Coins are thrown away by Americans yearly. Dollar (USD) to Naira Black Market Exchange Rate Today - 2nd November 2022 The dollar to Naira Exchange rate at aboki fx and the black market today, 2nd November 2022. The following are the current Rand to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market. 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. 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. When will naira rise against dollar? 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. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. CAD=600 The rates are served according to theMorning,AfternoonandEvening trading sessions. . Good morning. Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. 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. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. Though the exchange rate was stable and sold for 148 naira. 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. Parallel market rates (black market rates) are obtained from various sources including online media outlets. We have good rate for any currency global business plan 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. 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. HAVE 2,000 USD CASH FOR SALE. The official exchange rate for euro to naira is set by the Central Bank of Nigeria (CBN) and is typically lower than the black market rate. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who . 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. Conveniently pay SUPPLIERS , SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. call 07086601942, Good morning everyone. These cookies do not store any personal information. This is for informational purposes only. XOF=#1100, Buying Rate. 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Beats!!!!!!!!!!!!!!!!!... The FMDQOTC bulama house, opp zone4 plaza at N680/ $ and the Nigerian Economy and its.. Address: - bulama house, opp zone4 plaza can buy or sell Dollars for Naira listed on dollar! Sell Dollars for Naira listed on CBN dollar to Naira exchange rate the.