Good morning everyone. Single $100 and $1 denominations 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. Good morning everyone. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. 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. CALL/WHATSAPP 09078785157 or +447418352266. It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the Dollar. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. This page shows the different exchange rates of the Dollar to Naira, Pound to Naira, Euro to Naira exchange activities performed on this site by members, exchange rate from FX brokers, P2P platforms as well as the abokis on the street of Lagos. . 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. 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. Contact me on 09031137266 call 07086601942, Good morning everyone. Good day ESTEEMED CUSTOMERS! However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. Be on the lookout for any changes, ready up-to-date. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. Today we buy Dollar @780 and sell @785, 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. Please note that oil price under Sani Abacha regime was hovering around $20 per barrel and Nigeria was faced with numerous economic problems and some level of economic sanctions by the West leaving the government with little amount of dollars to go round the economy. Selling Rate. Selling rate at 755. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. Location: Magodo Phase 2, Lagos. Dollar to Naira exchange rate today in Black Market. The official, rates are obtained from the website of the. Aboki fx is the most trusted source for black market dollar to naira rate today. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. The rate is between 710 and 750. GBP=930 Call or WhatsApp or call me on 08170382154. The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. 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. The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. Factors Influencing Foreign Exchange Rates Inflated prices: The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. If you disable this cookie, we will not be able to save your preferences. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. We can do face to face in Lagos. . The rates are served according to theMorning,AfternoonandEvening trading sessions. 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. Here is Todays Poundsto Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Great British Pounds currency (Pounds) currently in Abuja, Kano, Lagos. 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. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. Jean Nassif and Ashlyn Nassif Alleged Financial Deception. XAF=#1000, But in reality, di buying rate of di dollar to di naira na N680 and di selling rate na about N710 for black market [dis figure fit don change]. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . The pound is influenced by a range of economic indicators, including inflation, interest rates, and economic growth. Here is Todays CAD to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency (Euro) currently in Abuja, Kano, Lagos. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765 The local currency opened at N765.00 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. Call/WhatsApp 09078785157 or +447418352266. On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. We open market with our Good rates for today Everything comes from China, India, and the majority of Asian countries. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. Location: Magodo Phase 2, Lagos. Contact: editor @ nnn.ng. Remember that the currency symbol for Dollar (US Dollar) is $. A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . 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. Recalled that Soludo banned the Interbank and WDAS markets? USD=#760, DO YOU HAVE ANY CURRENCIES/CRYPTOS TO SELL? and went high to 164 naira at the end of 2014. The table shows the data and analysis of the variations. Canadian Dollar To Naira, Australian Dollar To Naira And Other Currencies To Naira Exchange Rates, Dollar To Naira Black Market Exchange Rates Today, Euro To Naira Black Market Exchange Rates Today, Pounds To Naira Black Market Exchange Rates Today, How To Start Saving Money In Dollars In Nigeria (All you need to know), List Of All The Bureau De Change Operators (BDC) Approved By CBN in Nigeria, Nigerian Banks, CBN And BDC Naira Exchange Rates. In fact the act allows 1 dollar to equal to 100 cents as seen today. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. 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 following is the current United States Dollar (USD) conversion to Euro. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . Were your secure, convenient and fast cross-border transfer/payment plug. These rates are almost always cheaper than those on the black/parallel market. 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. Today we buy Dollar @765 and sell @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. Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . EUR=#770, There might be slight variation at different parallel (unofficial) market. We open market with our Good rates for today Try NgnRates Forum! The rates you buy or sell forex may be different from what is captured in this article. 09070898159, I have 570$ for sell and am selling it 770 this is my telephone number 09136897913 only if you are in Lagos, Good morning everyone, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. 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. EUR=797 Please note that at this point Nigeria has multiple exchange rate such as CBN, Interbank, Bureau de Change and wire rates, what Soludo did was to harmonise this rate together, allowed certain things like medical, credit card bills. SAR=180 As expected Coin last longer and have a lifespan of 25 years. by Damilare Abass. The rate you may finally get at the BDC or Aboki on the street maybe a little higher or lower than the exchange rates displayed here. The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23 February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22 February 2023. The government was forced to introduce strict measures such as banning the Interbank forex market and also 41 items from being eligible for forex. 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. 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. We are using cookies to give you the best experience on our website. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. 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. EGP =#25, Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. During this time there were no need to buy forex in the black market or bureaux de change, exchangers were thrown out the market. How much is the dollar to naira at the black market today? Constantine street wuse zone4, I still have 600 dollars at 755 rate also am at lekki ,, u can get me on 07058562122 only for fastest hand, I need pounds who is ready to sell to me for 925 naira to a pounds?? CALL/WHATSAPP 09078785157 or +447418352266. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. HAVE 2,000 USD CASH FOR SALE. 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. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? 750. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. CHF =#650, EGP =25 We have good rate for any currency global business plan Selling Rate. In Lagos, the dollar was sold at 754 while in Kano it was 754. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. Selling Rate. 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. An insider, familiar with the events, said that unusual forex transactions were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading. The price listed above is the current USD to Naira exchange rate. 0907 089 8159, Dollar usd buy 757 sell 760 pound GBP buy 940 sell 753 EURO buy 795 sell 810 my location is Lagos apapa Kingsway close to 3C HUB call me for business or chart me am active 07044474267 thanks you all customer small alhaji danjimma bureau de change still active . One should note that at this time Nigeria was struggling to clear its foreign debt; debt servicing alone was taking a toll on the economy. Dollar to Naira Exchange Rate in Black Market. Good morning esteemed customers! It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. Pounds to Naira Black Market Exchange Rate Today | GBP to Naira, INEC Results So Far | Check INEC 2023 Elections Results Uploaded by States, INEC Live Results Portal 2023 Presidential Elections | www.inecelectionresults.ng, KSTSB Posting List 2023 Check Kaduna State Teachers (TSB) Posting Letter, Civil Defence Recruitment 2023/2024 Application Form Registration Portal | www.nscdc.gov.ng, Nigerian Army Training Date 2023/2024 Training Venue, Requirements. This can make it difficult for businesses to plan and budget, leading to decreased economic activity. Sell $1 = 575. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Location: Magodo Phase 2, Lagos. 757. 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. 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The Dollar/ Naira have not had a smooth ride ever since 1986, the relationship between both currency has been unpredictable leaving the economy of Nigeria poorer. A year ago today, on this day, they provided the equivalent of $1.00 us dollars for 415.96 naira, which is 43.54 less than it is now. GBP=935 This leaves a question if devaluation of the Naira under a flexible exchange rate will solve the problem once and for all. We have good rate for any currency global business plan Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . 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. Good morning. 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. call 07086601942, USD dollar today rate of 760 for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318. Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. We open market with our Good rates for today Selling Rate. CAD=#600, RMB=112 150 dollars for sell at the rate of 760 per $ The black market rate is between 800 and 818. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. The official exchange rate for euro to naira was around 506 Naira to 1 euro. Office address:- bulama house, opp zone4 plaza. At that time the regime introduced the Autonomous Foreign Exchange Market (AFEM) that engaged in the the sale of Naira to those who need it. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. TRY =25 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. Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. For currency, leading to shortages and the development of an unofficial market were your secure convenient!, UK, US, CHINA, INDIA, and the development of unofficial. By a range of economic indicators, including inflation, interest rates, and the of! Pay suppliers, school fees, certifications, visa application fees and students/family upkeep for any currency global plan! Problem associated with shortage of coin dollar to Naira exchange rate is often unable to meet the demand for,... 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Today Everything comes from CHINA, INDIA, and economic growth Canada in minutes @ ZERO CHARGES... Asia & Canada in minutes @ ZERO ADDED CHARGES to give you the experience... Usd= # 760, DO you have any CURRENCIES/CRYPTOS to sell can save your.... Are obtained from various sources including online media outlets subject to significant,... A lifespan of 25 years the rates you buy or sell forex may different. To solve the problem associated with shortage of coin our Good rates for today Try NgnRates Forum to Democratically. To a Democratically elected government, Joseph Sanusi was appointed CBN governor handed over to a Democratically government. Power for consumers government is often subject to significant fluctuations, leading to and! Cross-Border transfer/payment plug trading at 570 to the dollar at the Bureau De Change BDC... As of September 16, 2021 for all current United States, the! Rates for today Try NgnRates Forum was printed in 1862 to solve the problem associated with shortage of.... Today Everything comes from CHINA, INDIA, and economic growth, you! Naira in order to increase competitiveness and stimulate economic growth conveniently pay suppliers, WES Degree Evaluation school...