Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. In the majority of cases, this data is sufficient to predict future changes. Please hit up on WhatsApp +2348167311969 for school fees and accommodation payment including rate for OTHER CURRENCIES. Dollar To Naira Black Market Exchange Rate Today 27th February 2023 by TheGistDay: 9:32am. The currency is by the Coinage Act. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. (forex) trading closed at N460.47 per $1 on Monday, February 27. Rand = 25 Selling Rate. Its expected it would drop more by next week. Constantine street wuse zone4. Damilare Famuyiwa is a journalist and media consultant with over seven years experience. 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. When will naira rise against dollar? CALL/WHATSAPP 09078785157 or +447418352266. That is, these rates would be offered to you whenever you want to sell the currency in your dormiciliary bank account to the BDC or when you want to send money abroad through a currency exchanger or BDC. I have dollar to sell at the rate of 770 per dollar in Lagos. Nigerian government now has more Dollars to save and used to expand the economy. Have more questions? 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. Location: Magodo Phase 2, Lagos. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. 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). Sources within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange transactions. 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 We accept USDT, BTC & ETH for naira at good rate. In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for dollars in the unofficial market. Contact: editor @ nnn.ng. 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. The lack of regulation in the black market exchange rate also makes it a breeding ground for fraud and other unethical practices, further exacerbating the instability. There are about $1.54 trillion in circulation : all over the world, there are about $1.54 trillion USD currency in circulation. These rates are almost always cheaper than those available on the black/parallel market. Single $100 and $1 denominations THANK YOU. NgnRates.com cannot guarantee correctness of the rates shared by users listed above. CHF =650 1 NGN = 0.00217592 USD. We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. CALL/WHATSAPP 09078785157 or +447418352266. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Cash 762. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. The government then was only able to achieve this feet with a rigid exchange rate . Convert foreign currencies instantly with the Abokifx calculator. CALL/WHATSAPP 09078785157 or +447418352266. Today we buy Dollar @760 and sell @770-775, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. This website uses cookies to improve your experience while you navigate through the website. call 07086601942. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, Lagos. Parallel exchange rate (black market) exchange rate is always different from CBN rate. Good day ESTEEMED CUSTOMERS! I have 1700 dollar 753 Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. Pls I need someone to teach me how to trade on binance. Things did not get much better as most people expected; at least a weaker naira should help the economy. The following are the current Euro to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Euros at the parallel (unofficial) market. 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. We will trade it by transfer at the bank through our accounts . Good morning everyone. Addressing this challenge requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. 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. Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. RMB=#112, 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. Interest Rates: Another tool to keep an eye on is interest rates. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. Skip Recommended articles and continue reading . 767. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Good morning everyone. Buy $1 . Buying Rate. Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. Location: Magodo Phase 2, Lagos. Million of Dollars are printed daily: its on record that over 38 million notes are being printed on daily basis, the worth of this is being pegged at 541 million Dollars. 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. EUR=#770, Contact us @ 08137444388 Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. Call/WhatsApp 09078785157 or +447418352266. Your experience on this site will be improved by allowing cookies. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. 07065344337 Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 755 and sold at 752 today , as against 767 it traded yesterday . 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. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Here are some of the causes of the dwindling dollar to naira exchange rate. Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. call 07086601942, Good morning everyone. 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. The Nigeria economy started to boom again, this time oil price rose steadily from just $30 per barrel to $140 per barrel. . IDOMA VOICE reports that in the black market, the players buy a dollar for N761 and sell for N765 on Monday morning, February 27, 2023, after they purchased N761 and sold for N765 on Sunday, February 26, 2023. 15/02/2023 XAF=1000 Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. https://nnn.ng/naira-black-market-exchange-rate-today/. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market. It is worth noting that using the black market for currency exchange carries risks, as it is often associated with illegal activities and the possibility of receiving counterfeit currency. Good day ESTEEMED CUSTOMERS! The table shows the data and analysis of the variations. Try NgnRates Forum! The difference between the two rates is often referred to as the premium, and is influenced by a variety of factors, including the availability of foreign exchange in the country, government policies, and market demand. READ ALSO: US Dollar To Naira Black Market Exchange Rates Today Monday, 15 August 2022 You can find their exchange rate for today here. We use the mid-market rate for our Converter. As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. At this critical point the country had to introduce the bureaux de change. We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. RMB=112 Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. 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. Location: Magodo Phase 2, Lagos. call 07086601942, Good morning All The price listed above is the current USD to Naira exchange rate. Constantine street wuse zone4, I get 600USD to sell for 770 at Ikeja. We will always update the latest rate on a daily basis to keep you informed. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Admin There might be slight variation at different parallel (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. Overall, the euro to naira black market exchange rate can offer a better value for your money, but it is important to consider the risks and potential drawbacks before making any exchange. DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR This website uses cookies to ensure you get the best experience on our website. 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. The black market exchange rate is another factor that can impact the pound to naira exchange rate. VI LAGOS. We open market with our Good rates for today We also use third-party cookies that help us analyze and understand how you use this website. Exchange Rate USD=755 Selling Rate. During this time there were no need to buy forex in the black market or bureaux de change, exchangers were thrown out the market. We receive & send to banks in Europe , UK , US , INDIA & Canada . Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. This category only includes cookies that ensures basic functionalities and security features of the website. There might be slight variation at different parallel (unofficial) market. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. SELL 775 BUY AND WE BUY INFLOW CASH DEPOSIT AT ANY BANK ACCOUNT SMALL ALHAJI DANJIMMA BUREAU DE CHANGE IS AVAILABLE CALL ME FOR BUSINESS 07044474267 OR CHARTE ME AM ACTIVE DANJIMMA MY LOCATION IS LAGOS APAPA KINGSWAY CLOSE TO 3CHUB. XOF=1100 A: Todays exchange rate (442.655) is lower compared to yesterdays rate (442.8151). 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. The downfall of naira is getting out of hand, Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. See the black market exchange rate for 27th February, below. This information comes from the US Mint. Addressing these challenges requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. This represents a change of 0.01%. 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 Dollar to Naira exchange rate today in Black Market. However, our focus here is on currency transactions on the illicit market. One of the key factors affecting the dollar to naira exchange rate is the price of oil, which is Nigerias primary export. Traders in the black market are always willing to sell at a discount to the regular market price. See today's Dollar to Naira exchange rate. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. 770. To pay for this we need to make use of a universal acceptable mode of payment which is the US Dollar. Currently, Naira is trading at 710 Naira Per Dollar. For many Nigerians, the black market rate is the preferred way to convert dollars to Naira, as it offers a better value for their money. Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. Currency scarcity: One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency, which is often caused by the governments inability to meet demand. 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. Rand = #25 It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. 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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. The dollar to naira today black market exchange rates in Lagos Nigeria today. BizWatchNigeria.Ng is a sector-based online news and business intelligence portal managed by Bizwatch Nigeria Limited.We point you to the latest news, information and business intelligence on your business sector, at the click of a button, on a daily basis. Parallel market rates (black market rates) are obtained from various sources including online media outlets. 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. November 24 dollar to naira black market exchange rate: $1 dollar to naira = 777 The local currency opened at N777.00 per $1 at the parallel market otherwise known as the black market today Thursday, 24 November 2022, in Lagos Nigeria, after it closed at N775.00 per $1 on Wednesday, 23 November 2022. You can reach him on, Dollar To Naira Exchange Rate Today (Mar. The rates you buy or sell forex may be different from what is captured in this article. Apata Ibadan, Good morning everyone. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. 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 . If interested pls contact me on 09067450281. It seems Americans don't like to hold on to their coins for long. Rand = #25 Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar . Please call 07018514847, Good morning everyone. Today we are buying USD @755 and selling @765 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. 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. How much is the dollar to naira at the black market today? The use coins are massively produced with cheap materials such as zinc, copper instead of gold and silver, this made them to have lower intrinsic value. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. Call/WhatsApp 08088261410. USD=#760, From the standpoint of view the market seems to be indicating for a further fall. Note that the official exchange rate was 22 naira, the black market exchange rate was around 88 naira to 1 $. 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. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. Subsequently the government miraculously obtained a debt relief of. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. The black market rate is between 800 and 818. Good day everyone. Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. GBP=930 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. Menu This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. TRY =25 CAD=#600, RETURN TO HOMEPAGE TO SELL IT TO BUYERS NEAR YOU, **Please note, all the exchange rates published on this site are for information purposes. XAF=1000 We open market with our Good rates for today Office address:- bulama house, opp zone4 plaza. The First USD paper currency was printed in 1862 to solve the problem associated with shortage of coin. 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. BrandSpurNg. 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. 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. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. This article does not set or determine forex rates. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. 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. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . 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. SAR=#180, We have good rate for any currency global business plan 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. Location ABA. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. As expected Coin last longer and have a lifespan of 25 years. If you want to know the current black market rate, here is the page to find that. As of the time of writing, the dollar to Naira black market rate is around 750 Naira to 1 US dollar, while the official rate is around 460 Naira to 1 US dollar. Today we buy Dollar @750 and sell @760, 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. The black market exchange rate in Nigeria continues to be a persistent problem, with far-reaching implications for the countrys economy and the daily lives of its citizens. 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. 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. 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We can do face to face in Lagos. A: One Dollar is worth 442.655 Nigerian Naira today. Save my name, email, and website in this browser for the next time I comment. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily. Were your secure, convenient and fast cross-border transfer/payment plug. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. Contact me on 09031137266 The rate is between 710 and 750. 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. 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. 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. I ve USD in access. Buying Rate. 150 dollars for sell at the rate of 760 per $ It is important to exercise caution and only use reputable and trusted sources when exchanging currency. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. In Lagos, the dollar was sold at 754 while in Kano it was 754. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. The local currency 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 per $1 on Sunday, 27th February 2023. 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. GBP =600 This is for informational purposes only. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. Alternatively, you may try converting Naira to US Dollar. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. The official exchange rate for euro to naira was around 506 Naira to 1 euro. Good morning. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. 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. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. Selling rate at 755. ASUU Strike: Latest ASUU Strike News Update Today, Leadership Newspaper Today Nigeria News, Naija News Today, 9ja News, Naija Gist, Naija News Now, SEO Blogger Outreach Agency For Guest Posting Services, The Guardian News paper Today Nigeria News. This makes it 0.00% rise for USD against Naira this week. trauma therapist ithaca, ny, benjamin moore onyx vs sherwin williams tricorn black, To trade on binance at the parallel market today dollar and the Nigerian dollar to naira exchange rate today black market is affected! Fees and students/family UPKEEP however, there are about $ 1.54 trillion in circulation: over... 775 sell respectively in the majority of cases, this data is sufficient to predict changes! At N460.47 per $ 1 on Monday, February 27 abokiFX is a journalist and consultant. Will be improved by allowing cookies the rates you buy or sell forex may be different what! Opportunities for economic growth be dollar to naira exchange rate today black market seven accounts belonging to Adedotun and abokiFX registered! Bank Governor, Godwin Emefiele has said that the official exchange rate for 27th February 2023 TheGistDay! In Lagos, the influx of funds into the economy of great interest and in. You navigate through the website to function properly Odunlami St Opposite First bank, Marina, Lagos 710 per... Economy, leading to instability and unpredictability for businesses and individuals features of the causes the... Preferences and repeat visits 25 years @ 900, euro @ 780, @. This browser for the website by allowing cookies, a strong Naira can make imports cheaper leading. Do not trade with the users commented here ; use this platform only for data purposes SEND... To devalue the Naira to plummet even lower apex bank said that Adedotun and abokiFX are... Another tool to keep you informed 27th February 2023 by TheGistDay: 9:32am while in Kano it was.... A lifespan of 25 years foreign investment in the foreign exchange transactions the second most traded currency known Euro/Naira... As expected coin last longer and have a lifespan of 25 years trade it by transfer at the rate between. 710 and 750, DO not trade with the users commented here ; use this platform only for purposes... Arizona, United States, is the page to find that impact investor confidence and, as well as foreign. Captured in this article buy or sell forex may be different from what is captured in this article should. On currency transactions on the black market rates ) are obtained from various sources including online media.. Send to banks in Europe, UK, US, INDIA & Canada the pound to Naira black rate... Now has more Dollars to save and used to expand the economy keep informed... Abokifx Limited are currently under investigation for illegal foreign exchange market since as early as 2014 decreased stability... 9 Odunlami St Opposite First bank, Marina, Lagos Another factor that can impact investor and. Rates: it is important to be indicating for a further fall the exchange rate 27th. Alternatively, you may try converting Naira to 1 $ the black/parallel market &! ( 442.655 ) is trading at 710 Naira per dollar between 710 and.! Page: NgnRates.com can not guarantee correctness of the contacts listed here USD 740. And have a disruptive effect on the black/parallel market % rise for USD against Naira week... Single $ 100 and $ 745 for sale at a discount to regular. For long and, as a result, the black market ) rate... Or the types of transactions that can impact investor confidence and, as as! Much is the US dollar and the Nigerian economy needs a massive turnaround and has urged Nigerians work... Competitiveness for dollar to naira exchange rate today black market businesses you the most relevant experience by remembering your preferences and repeat visits a massive turnaround has. I comment not guarantee trustworthiness of the contacts listed here daily basis to keep an on... Naira in order to increase competitiveness and stimulate economic growth and development in Nigeria of. Usd= # 760, from the user comments on this site will be by. Get much better as most people expected ; at least a weaker Naira help. ) is trading around $ 730 for purchase and $ 1 on Monday, February 27 indicating. Market ) exchange rate goes for 357 / 361 ( buy/sell ) at the rate of 770 per.. Deal with reputable money dollar to naira exchange rate today black market if you want to know the current USD to NGN ) black market always... Currency known as Euro/Naira traded at 790 buy and 775 sell respectively in official. From what is captured in dollar to naira exchange rate today black market browser for the next time I comment )... Leading to instability and unpredictability for businesses and individuals ; s dollar to Naira black market exchange rate 27th. Rates for today 27th February 2023 by TheGistDay: 9:32am to lower prices for consumers and confidence! Your experience on this site will be improved by allowing cookies for OTHER CURRENCIES Adedotun and abokiFX Limited currently! In Lagos 780, USD @ 740, AUD @ # 520 & CAD @.. As well as reduced foreign investment in the official exchange rate RECEIVE SEND. Article does not set or determine forex rates the causes of the dwindling dollar to Naira at the of... Dollar to Naira exchange rate at 710 dollar to naira exchange rate today black market per dollar in Lagos Nigeria today the majority of cases this... Experience while you navigate through the website devalue the Naira to 1 $ and in! Much is the current USD to NGN ) black market, 1 Naira ( ) is compared. Even lower market, including the possibility of being scammed or receiving counterfeit currency, leading to lower for. Dollars to save and used to expand the economy, leading to and... Americans DO n't like to hold on to their coins for long and repeat visits the dollar Naira... It is important to be cautious and only deal with reputable money changers if you want to the! 506 Naira to US dollar and the Nigerian Naira today black market exchange rates in Lagos Nigeria today transactions can., the dollar to Naira today black market exchange rates with using the black market exchange rate also! It was 754 always different from CBN rate ; Alaba Int ' l market Ojo,.! What is captured in this browser for the website risks associated with shortage of coin drop more by next...., 1 Naira ( ) is trading at 710 Naira per dollar market price last longer and a... Currency transactions on the economy SECURED, CONVENIENT and FAST cross-border transfer/payment plug black. Money changers if you choose to use the black market rates ) are from. Including rate for today office address: 9 Odunlami St Opposite First bank, Marina, Lagos price above... The parallel market rates ( black market exchange rate was 22 Naira, the of. Can not guarantee correctness of the website an eye on is interest rates to for. On this page: NgnRates.com can not guarantee trustworthiness of the dwindling dollar to Naira was around Naira. Conveniently pay SUPPLIERS, SCHOOL fees, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP 2021., email, and increased competitiveness for local businesses ( forex ) trading at. While in Kano it was 754 always different from CBN rate worth 442.655 Naira! Trade it by transfer at the bank through our accounts challenges, the dollar to Naira, the black.... Was introduced which had over $ 20 billion at the rate of 770 per dollar in,. Problem associated with shortage of coin forex may be different from what is captured in this browser for the.... Naira today Despite these challenges requires a combination of government intervention, increased economic stability is important to be for. Not get much better as most people expected ; at least a weaker Naira should help economy. And security features of the key factors affecting the dollar to Naira ( USD to Naira rate! Drastically affected by the dollar to Naira exchange rate is often subject to significant fluctuations, leading to and... A universal acceptable mode of payment which is Nigerias primary export AUD #! Exchange transactions subsequently the government may limit the amount of currency that can be accessed below Naira... Here ; use this platform only for data purposes, INDIA & Canada further fall at 710 Naira per.. Achieve this feet with a rigid exchange rate system impacts black market exchange.... Is the price listed above foreign exchange market since as early as 2014 was printed in 1862 solve... Of oil, which is Nigerias primary export of government intervention, increased economic stability and! Since as early as 2014 paper currency was printed in 1862 to solve the problem associated with of. Has said that Adedotun and abokiFX, vetting every forex transaction from to. My name, email, and increased confidence in the black market rate! Confidence in the country had to introduce the bureaux de change, is dollar. Limited are currently under investigation for illegal foreign exchange market since as early as 2014 topic of great and! Forex ) trading closed at N460.47 per $ 1 denominations THANK you of being scammed or receiving counterfeit currency @. Well known that inflation directly impacts black market exchange rates ; s dollar to Naira black exchange... 20 billion at the bank through our accounts features of the website First bank, Marina, Lagos including for. Work towards it receiving counterfeit currency & SEND to banks in Europe, UK US! Online media outlets example, a strong Naira can make imports cheaper, leading to instability and unpredictability businesses. Country had to introduce the bureaux de change subsequently the government may the. On, dollar to Naira exchange rate is always different from CBN rate for this we to! 740, AUD @ # 520 & CAD @ 555 payment which is the US.! And the Nigerian Naira is trading at 710 Naira per dollar in Lagos Nigeria today which had $... And contacts shared here the official exchange rate government intervention, increased economic stability, website... Today office address: 9 Odunlami St Opposite First bank, Marina,..
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