Home NEWS Dollar to Naira Black Market Exchange Rate Today | USD to Naira

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

Dollar to Naira Black Market Exchange Rate Today | USD to Naira: See information about Aboki Dollar to Naira today, Dollar to Naira Today Black Market 2022, will be discussed here.

The current USD Dollar to Naira black market rate is as follows. For dollar to naira aboki fx, see the CBN and black market exchange rates. You can exchange your dollars for naira at these rates, or you can convert dollars to naira at the black market or parallel market rate.

Many Nigerians prefer to convert foreign currency, particularly US dollars, on the black market since the exchange rate is much higher than what the bank offers. This is the link you go to if you want to know what the current black market rate is.

The Aboki fx dollar to naira exchange rate has also been included to this page, so you can simply verify each rate for the currencies you want to swap in the parallel markets.

The most reliable source for today’s black market dollar to naira rate is Aboki fx. Their current exchange rate can be seen here.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 580
Selling Rate 610

What is the current parallel market dollar to naira conversion rate? It may interest you to know that the black market rate of the dollar to the naira might differ significantly from the rate on the Central Bank of Nigeria website (www.cbn.gov,ng).

The above price represents the current USD to Naira conversion rate. To keep you updated, we will update the current rate on a daily basis. The Dollar to Naira Exchange Rate is the United States Dollar’s current exchange rate. Different banks and parallel markets have different rates.

How Much is Dollar to Naira Official Exchange Rate Today

The parallel exchange rate (black market) is never the same as the CBN rate. The Naira is now trading at 573 Naira per dollar. The Dollar to Naira exchange rate has a significant impact on the Nigerian economy.

As the Naira depreciates, inflation takes hold of the economy, affecting citizens. Godwin Emefiele, the Governor of the Central Bank of Nigeria, has stated that the Nigerian economy need a big turnaround and has asked Nigerians to work towards it.

The black market, often known as the Aboki market, for dollars is frequently higher than the Central Bank of Nigeria-regulated exchange rate (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for naira on the CBN’s dollar-to-naira website, cbn.gov.ng.

The dollar to naira bank rate is the rate you pay when you use your Naira Mastercard or Debit card from a Nigerian bank to buy something on a foreign website. These rates are almost always cheaper than those available on the black market.

What are your thoughts on the black market exchange rate of the dollar to the naira? Today, tell us what you think and how you think the government and the CBN can work together to ensure appropriate USD to naira rates in the future.