Dollar to Naira Black Market Exchange Rate Today | This page will give you the current Dollar to Naira Black Market Exchange Rate today; find out the best place and platforms to exchange your Dollar to Naira at the best rate you want today. Check out CBN Dollar to Naira today and figure out which is best for you.
A lot is going on in the dollar to Naira in Nigeria and the world at large; Naira has been on a very losing side in recent times,
Many Nigerians have benefitted recently, so to find out the latest exchange today, keep reading this article on the Dollar to Naira Black Market Exchange Rate Today.
This page also contains the Aboki fx dollar to naira rate. You can check to verify each rate for currencies you wish to exchange on parallel markets. Aboki fx has the best black market dollar rate to naira rate. Their exchange rate you can find today here.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1200, |
| Selling Rate | 1300 |
What is the Current Dollar to Naira Exchange Rate in Parallel Market?
If you have some dollar you want to exchange in Naira, you should find out the current Dollar Naira Black Market Exchange Rate Today so that you won’t fall into the hands of greedy dollar vendors who might not be as honest as you’d wish. Also, know that the Dollar to Naira Black Market Exchange Rate differs from that of the Central Bank of Nigeria website (www.cbn.gov.ng).
NOTE: The Dollar to Naira Black Market Exchange rate table we listed above might change at any time; you should keep checking out the current Dollar to Naira Black Market Exchange Rate each time you want to change your dollars to Naira; we will keep updating this page regularly each time we observe that the Dollar to Naira Black Market Exchange Rate has changed.
What is the Official Exchange of Dollar to Naira Rate Today
The parallel exchange (black market) exchange rate is consistently higher than the CBN rate. For example, the Naira currently trades at 770 Naira per Dollar. Therefore, the Dollar to Naira Exchange Rate dramatically impacts the Nigerian Economy.
Inflation is a problem that affects citizens as the Naira falls. Godwin Emefiele, Governor of the Central Bank, stated that Nigeria’s Economy needs a major turnaround and urged Nigerians not to give up on their dreams.
The black market, also known as the Aboki market rate or dollars, is generally higher than the exchange rate at banks. The Central Bank of Nigeria usually regulates this rate. CBN Exchange Rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website, cbn.gov.ng.
The Dollar to Naira Bank Rate is the rate you pay when buying something online using your Naira Mastercard or Debit card from a Nigerian bank. These rates are usually lower than those available on the black market.
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