Dollar to Naira Black Market Exchange Rate Today , Black Market Dollar To Naira Exchange Rate Today Naira to Dollar

What is the dollar to naira exchange rate today?,  The dollars to naira today in black market,  the aboki dollar to naira today also known as the parallel market or Aboki fx? You can now find below the black market Dollar to Naira exchange rate for Today Thursday , 15th, September, 2022. You can exchange your US dollars at these rates.


This page answers the following questions regarding dollars to naira black market rate


  • What is the Dollar to Naira Black Market Exchange Rate Today?
  • What is the exchange rate in nigeria today black market?
  • how much is dollar to naira today in black market
  • What is the black market dollars to naira Bank rate today in Nigeria and CBN Exchange Rates?
  • What is the value of a pound in Naira?
  • What is the euro to Naira exchange rate? 

Ejes Gist Newspaper provides you with the most accurate dollar to naira at black market exchange rate.

How much is dollar to naira black market and aboki dollar to naira today? 

Dollar to Naira Black Market Exchange Rate Today September 15th, 2022

The aboki dollar to naira today exchange rate,  for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N700 and sell it at N706 on Thursday , September 15th , according to sources at Bureau De Change (BDC).

Please be aware that the parallel market, also referred to as the “black market dollar rate” is not recognised by the Nigerian Central Bank (CBN). Instead, the government advises people to use their own banks if they want to trade foreign exchange.

What is the Dollar to naira exchange rate today black market?

The Black Market Naira To Dollar Exchange Rate Today also known as Aboki dollar rate Today in Nigeria and the Abokifx exchange rate in Nigeria today black market is also follows;

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 700
Selling Rate 706

Please note that the rates at which you sell or buy forex might be different from what is written in this article because prices vary.

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What is the value of Dollar to naira black market today in Lagos? 

The Aboki exchange rate today in Lagos is as follows;

Dollar to Naira Dollar to naira black market today in Lagos
Buying 700
Selling 706

Click Here  to See All Daily dollars to naira black market rate


How much is black market dollar to naira today in Port Harcourt?

The Black Market Dollar To Naira  Rate Today  in Port Harcourt is as follows;

Dollar to Naira (USD to NGN) Black Market Dollar To Naira Today  in Port Harcourt
Buying Rate 700
Selling Rate 706

 


CBN Official Dollar to Naira exchange rate.


Dollar to Naira (USD to NGN) Dollar to Naira official exchange rate
Buying Rate 442.68
Selling Rate 444.95

 

 1 GBP to NGN – British Pounds to Nigerian Nairas Exchange Rate.


Dollar to Naira (GBP to NGN) Pounds to Naira official exchange rate today 
Buying Rate 508.73
Selling Rate 532.78

 

1 EUR to NGN – Euros to Nigerian Nairas Exchange Rate.

Dollar to Naira (EUR to NGN) Euro to Naira official exchange rate today 
Buying Rate 452.34
Selling Rate 459.85

Other Currencies Exchange Rate.

  • Pounds to Naira Black Market is 872
  • Euro to Naira today Black Market 853

How Much Is A Dollar To A Naira Currently, September 15th 2022.

How much are 100 dollars in Naira?

USD Dollar Converting Dollar to Naira 
1 USD 444.68 NGN
10 USD 4,44.68 NGN
100 USD 44,468 NGN

 

Black Market Exchange Rate in Nigeria Today Range. 


The Dollar to Naira Black Market Rate Today 15th September, 2022, across all cities


Dollar to Naira (USD to NGN) Black Market Exchange Rate in Nigeria  range
Buying Rate 700
Selling Rate 706

Dollar To Naira Exchange Rate Today Black Market

The Exchange Rate of Dollar to Naira yesterday  Black Market  Closed at ₦706/$

AbokiFX.com is where you get your Abokifx Your Daily Naira Exchange Rate and Yesterday Abokifx Naira Rate.

Dollar to Naira (USD to NGN) Black Market Exchange Rate Yesterday
Buying Rate 695
Selling Rate 706

 

What is the bank rate of dollar to naira today?

First Bank current dollar to naira exchange rate.

First of Nigeria Plc Currency Exchange Rate is $1 = ₦520.50

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Zenith bank Dollar to naira exchange rate today’s.

Zenith Bank Plc Currency Exchange Rate $1 = ₦519.90

Western Union USD to naira exchange rate today.

Western Union  Currency Exchange Rate $1 = ₦519.04

Wema bank USD to naira exchange rate today.

Wema Bank Plc Currency Exchange Rate is $1 = ₦520.20.

GTBank USD to naira exchange rate today

GTBank Bank Plc Currency Exchange Rate is $1 = ₦519.0

UBA USD to Naira exchange rate today.

UBA Bank of Nigeria Currency Exchange Rate $1 = ₦515.01

Access Bank USD to Naira exchange rate today

Access Bank PLC Currency Exchange Rate $1 = ₦521.21.

CBN sold forex worth $4.86 billion to authorised dealers in Q1 2022 .

Meanwhile, according to economic and financial experts, Nigeria needs to achieve at least 7% GDP growth in the next five years in order to overcome its economic crisis.

Experts speaking at the 15th annual banking and finance conference in Abuja expressed concern that poverty and unemployment would worsen unless the government quickly found solutions to the problems that had brought the nation’s economy to its knees.

They emphasised that Nigeria’s GDP growth rate has been suboptimal and lower than peers in Africa, with an average of 1.75 percent over the last five years, compared to other African countries such as Ethiopia, which has a growth rate of 7.3 percent.

Kunle Elebute, Senior Partner and Chief Economist at KPMG Nigeria, stated in his presentation that Nigeria’s growth has not been inclusive, as unemployment has risen from 18.8 percent in 2017 to 33.3 percent in 2021, while GDP per capita has remained nearly constant.

He also stated that the federal government has continued to face fiscal challenges because revenue cannot finance the required growth, owing to a significant increase in subsidy support and a low tax-based revenue to GDP ratio.

“We need to double our GDP growth rate against our current population growth rate to have the desired impact,” Elebute said. At 2% per year, the population will grow faster than the economy, worsening unemployment and poverty.

“It is preferable that the economy grow at least 7% faster than the current population growth.” By 2031, the current GDP will have nearly doubled from $440.8 billion to $867.1 billion.”

Uche Orji, Managing Director/Chief Executive Officer of the Nigerian Sovereign Investment Authority, stated that Nigeria has the potential to increase its GDP by 6 to 7 percent.

“It will be impossible to manage any other issues if we cannot boost the economy,” he said.

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Abokifx exchange rate in Nigeria today black market, .Naira Black Market Exchange Rates Today | Dollar To Naira. abokiFX Your daily Naira exchange rate

 

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The Nigerian Naira is the currency of Nigeria. Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to USD rate. The currency code for Nairas is NGN. And the currency symbol is ₦.

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  • Dollars To Naira Exchange Rate Today

eNaira Currency ,Dollar To Naira Exchange Rate Today

The eNaira wallet was launched by the Federal Government, led by Central Bank Governor Godwin Emefiele, to facilitate transactions and support the Naira (₦).

Click here to learn more about the eNaira wallet.  eNaira wallet

 

The USD to Naira Black Market Calculator depends on the volume of dollars available in the black market.

Disclaimer:  The exchange rate of the dollars to naira black market is regulated by supply and demand, but the CBN Nigeria Exchange Rate is determined by the CBN Governor and monetary policy.

Major Factors Influencing dollars to naira today black market

Here are some of the reasons for the dollars-to-naira exchange rate decline.

Inflation Rates: Inflation is well understood to have a direct impact on black market exchange rates. If the Nigerian economy can be stabilised and inflation is brought under control, the naira will benefit; however, if the naira continues to fall, it could indicate that food and other necessities are becoming more expensive on a daily basis.

Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, the economy will contract and the naira’s value will fall.

Government Debt:

National debt can have an impact on investor confidence and, as a result, the flow of funds into the economy. If capital inflows are significant, the naira exchange rate will rise in its favour.

Speculators: Speculators frequently influence the naira and USD exchange rates. They hoard money in the hope of making a profit, causing the naira to plummet even further.

Conditions of Trade: Despite the fact that Nigeria currently has a trade deficit, favourable trade terms will cause the naira to appreciate against the dollar. Everything is supplied by China, India, and the majority of Asian countries.

In Nigeria, there is no uniform us dollars to naira exchange rate.

Also, visit Ejes Gist News for us currency to naira exchange rate today black market as we will keep you updated with the latest updates on the Dollar To Naira  Exchange Rate Today, Crude,  FX Market. dollars to naira today in black market

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