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

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Today :  Here is the current exchange rate between the United States Dollar and the Nigerian Naira. For the dollar to naira aboki fx rate, see the Central Bank of Nigeria (CBN) and the black market. You can exchange your USD for Naira at this rate, or you can convert your USD to Naira at the most recent black market or parallel market rate.

Dollar to Naira Black Market Exchange Rate Today

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So many Nigerians prefer to exchange their foreign currencies, particularly US dollars to naira, on the black market rather than through their banks because the exchange rate on the black market is significantly higher than the rate offered by their banks. If you’re looking for the current black market exchange rate, this is the page to visit.

 

Additionally, the Aboki fx dollar to naira exchange rate has been included here so that you can quickly and easily verify each of the rates for the currencies that you wish to exchange in the parallel markets. Aboki fx is the most reliable source for the current black market dollar to naira exchange rate. You can find the current exchange rate for them by visiting this page daily

Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 565
Selling Rate 570

 

What is the current exchange rate between the dollar and the naira in the parallel market? It may be of interest to you to know that the dollar to naira exchange rate on the black market can sometimes differ significantly from the rate displayed on the Central Bank of Nigeria website (www.cbn.gov.ng). Dollar to Naira Black Market Exchange Rate Today

The price displayed above reflects the current exchange rate between the United States Dollar and the Nigerian Naira. We will always provide you with the most up-to-date rate on a daily basis in order to keep you informed. The Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar in Nigerian currency. The interest rate varies depending on the bank and the parallel market.

How Much is Dollar to Naira Official Exchange Rate Today $1 = ₦414.14. Records 0.09% Gains 

Dollar to Naira (USD to NGN) CBN exchange rate Dollar to Naira 2021
Buying/Selling Rate  414.14

The parallel exchange rate (also known as the black market exchange rate) is always different from the Central Bank of Nigeria’s rate. The Naira is currently trading at ₦ 414.49 Naira per dollar at the time of writing. The exchange rate between the US dollar and the Nigerian naira has a significant impact on the country’s economy.

As the value of the Naira declines, inflation takes hold of the economy, which has a negative impact on the general public. Godwin Emefiele, Governor of the Central Bank of Nigeria, has stated that the Nigerian economy requires a significant turnaround and has urged Nigerians to work toward this goal.

Although the black market exchange rate for dollars, also known as the Aboki market rate, is usually higher than the official exchange rate set by Nigeria’s Central Bank, it is not regulated by the central bank (CBN). On the CBN’s dollar to naira website, cbn.gov.ng, you can find the current exchange rate at which you can buy or sell dollars in exchange for naira.

The dollar to naira bank rate is the rate at which you pay when you make a purchase from a foreign website using your Naira Mastercard or Debit card issued by a Nigerian financial institution. It is almost always the case that this rate is lower than the rate that can be obtained on the black market.

Thanks for using our platform to check the  today.  You can always visit our website to know in Lagos. 

What are your thoughts on this? Rate Today, Please let us know what you think and how the government can collaborate with the Central Bank of Nigeria to maintain reasonable USD to naira exchange rates in the future.

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