Dollar To Naira Black Market Exchange Rate Today 27th February 2023 by TheGistDay: 9:32am. Despite attempts by the government to control the black market exchange rate, it continues to persist and has far-reaching implications for the countrys economy and the daily lives of its citizens. GHS=#40, 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. 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. 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. GBP =600 This website uses cookies to ensure you get the best experience on our website. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. Point to note : when Soludo came into office exchange rate was around 127 naira to $1 and when he left 147. 767. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. Good morning everyone. CAD=#600, Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**. CALL/WHATSAPP 09078785157 or +447418352266. You can find their exchange rate for today here. Selling Rate. We are using cookies to give you the best experience on our website. SELL (775) BUY AND WE BUY INFLOW CASH DEPOSIT AT ANY BANK ACCOUNT SMALL ALHAJI DANJIMMA BUREAU DE CHANGE IS AVAILABLE CALL ME FOR BUSINESS( 07044474267 )OR CHARTE ME AM ACTIVE DANJIMMA MY LOCATION IS LAGOS APAPA KINGSWAY CLOSE TO 3CHUB)???? But one thing we must understand is that the black market has been in existence for long and they played a significant role in sourcing and selling of dollars to the ordinary Nigerians. RMB=#112, The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. (Morning (7am-11:59am), Noon (12pm - 2:59pm), and Evening (3pm to the end of the day). Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. Traders in the black market are always willing to sell at a discount to the regular market price. At this point Excess Crude Account (ECA) was introduced which had over $20 billion at the end of 2008. Black Market Exchange Rate Today. Buying Rate. Remember that the currency symbol for Dollar (US Dollar) is $. Today we buy Dollar @763 and sell @773, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. Dollar To Naira Exchange Rate For Today 27th February 2023, Factors Influencing Foreign Exchange Rates, Dow Appoints Sami Mainich President For Africa, Governorship Election: Massive Mobilisation Begins For Sanwoolu, Clickatell Recognized As Top Payments Innovator By Mobile Ecosystem Forum, Nokia Announces First Smartphone With Repairability At MWC 2023 Congress, Black Market rates, Bureau De Change (BDC) rate, and CBN rates, Only a bold and ambitious UN treaty can stem plastic waste crisis, Let Nature in This World Sleep Day in Singapore With Cellinis Exclusive Promotion, Nestle, Seplat, Lafarge To Pay Dividends For 2022, Dollar To Naira Exchange Rate For Today 1st March 2023, How To Establish Yourself As A Leader In African iGaming Market, Corporate News Provided By Media OutReach. Everything comes from China, India, and the majority of Asian countries. We sell GBP for 935/, EURO for #820/, USD for 770/$, AUD @ #575, RMB for #115 & CAD for 595/C$. We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. Here are some of the causes of the dwindling dollar to naira exchange rate. Here is Todays Euro to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, Lagos. 1.00 Nigerian Naira = 0.00 21790726 US Dollars 1 USD = 458.911 NGN We use the mid-market rate for our Converter. Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. It seems Americans don't like to hold on to their coins for long. Factors Influencing Foreign Exchange Rates Try NgnRates Forum! Most Nigerians have argued that the existence of black market has caused more harm than good this has made the government to suspended the sale of dollars to Bureau De Change (BDC). USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. Dollar to Naira black market exchange rate today is between 755 and 760 with an average of 757.50 on 01/03/2023 in Nigeria, according to 2 sell rates extracted from the comments coming from our users. Buying Rate. USD=755 The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. According to the data at theFMDQSecurity Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. CALL/WHATSAPP 09078785157 or +447418352266. Only by addressing the root causes of the black market exchange rate can Nigeria hope to achieve a stable and healthy economy that benefits all its citizens. Subsequently the government miraculously obtained a debt relief of. Call/WhatsApp 09078785157 or +447418352266. In fact the act allows 1 dollar to equal to 100 cents as seen today. GBP =600 Leave a comment. RMB=#112, However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. XAF=1000 call 07086601942, Good day everyone. call 07086601942, Good morning All In this market, individuals and businesses are willing to pay a premium for currency, leading to higher exchange rates than those officially sanctioned by the government. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. 15/02/2023 In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for pounds in the unofficial market. I ve USD in access. What could be responsible for the fall in the rate. 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?? If interested pls contact me on 09067450281. Please call 07018514847, Good morning everyone. imagine 1dollar trading at #585. DO YOU HAVE ANY CURRENCIES/CRYPTOS TO SELL? To pay for this we need to make use of a universal acceptable mode of payment which is the US Dollar. 459.57 665 Nigerian Nairas. Contact: editor @ nnn.ng. Location: Magodo Phase 2, Lagos. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. 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. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. 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 Today we buy Dollar @745 and sell @755. 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. Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. 150 dollars for sell at the rate of 760 per $ We have good rate for any currency global business plan Office address:- bulama house, opp zone4 plaza. 747. Single $100 and $1 denominations AED=170 USD=755 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. It also includes the euro to pounds exchange rates, euro to yen exchange rates, and euro to naira exchange rates among others. It is quite different from the cash rates. 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. Rand = #25 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. 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. N770/DOLLAR. The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Thursday, 26th January 2023, in Lagos Nigeria, after it closed at N752 per $1 on Wednesday, 25th January 2023. 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. 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. Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. The current exchange rate is equivalent to 460.4700. by Damilare Abass. It is however pertinent to note that theCentral Bank of Nigeria (CBN)does not recognise the parallel market (black market), as it has directed individuals who want to engage inforex to approach their respective banks. Today we buy Dollar @743 and sell @753, 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. Constantine street wuse zone4, I get 600USD to sell for 770 at Ikeja. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. Whatsapp 09057156267 F2F, 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. Location: Magodo Phase 2, Lagos. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. 757. Call/WhatsApp 08088261410. There are online and offline black market currency exchangers all over Nigeria. The table shows the data and analysis of the variations. Buying Rate. to speed up industrialization as witness in China and other country with weaker currency. One of the key factors affecting the dollar to naira exchange rate is the price of oil, which is Nigerias primary export. You won't receive this rate when sending money. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. he quickly introduced the Interbank Foreign Exchange Market (IFEM) which aim was to narrow the gap between the official exchange rate and the black exchange rate. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. call 07086601942, Good morning everyone. Here, you can read about latest update on: Dollar To Naira, Dollar To Naira Today, Naira, Aboki Fx, Naira To Dollar, Euro To Naira, Pounds To Naira, Usd To Naira, Dollar To Naira Today Black Market, Dollar To Naira Black Market, Canadian Dollar To Naira, Convert Dollar To Naira, Exchange Rate Dollar To Naira, One Dollar To Naira, Pounds To Naira Today$, Naira To Dollar Today, Euro To Naira Today, Dollar Rate To Naira, Pounds To Naira Black Market, Dollar To Naira Exchange Rate Today, Euro To Naira Black Market, Aboki Dollar To Naira Today, Black Market Exchange Rate Dollar To Naira, Naira To Pounds, Naira To Usd, Cad To Naira, Rand To Naira, Naira To Rand, Nigerian Currency, Dollar To Naira Bank Rate Today, Naira To Cedi, Cedis To Naira, Naira To Euro, Ngn To Usd, Usd To Ngn, Current Dollar Rate To Naira, Euro To Naira Today Black Market, Dollar To Naira Exchange Rate Today Black Market, Usd To Naira Black Market. Also, when we checked the peer to peer currency exchange beween Nigerian Naira traders online, the above black market rates were fetched.How Accurate Are These Rates?The rates reflect the true state of the market as we got these rates from the brokers and exchangers without any conversion fees or charges added. 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. EUR=#770, USD dollar today rate of 750 for selling, 770 if you want buy for abeukuta itoku market market If you need call me or text me on WhatsApp 07054640318, I have $900 dollar to sell for 770 in Lagos. Currently, Naira is trading at 710 Naira Per Dollar. Contact us @ 08137444388 please i need a contact of a buyer at wuse zone 4 Abuja, serious buyer i have some dollars to sell. All Rights Reserved. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . The dollar to naira today black market exchange rates in Lagos Nigeria today. The existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. 1, 2023), InterswitchSPAK 4.0 Finale: The Twists and Wins, Voting 101: 8 Things First-time Voters Should Know, How Not To Write Rebuttals By Segun McMedal, N200 Billion ICT Bank And Other Strategies To Rescue The Nigerian Telecom Sector, eClinic: Providing Rapid Access To Health Care, Productive Business Atmosphere Means Investors For Infrastructure Construction, Successful MDA Collaboration In Return From Ukraine, InterswitchSPAK Highlights Importance Of STEM Education In Africa, Investors & Exporters FX window( I&E FX Window), Naira Steadies At Official Window, Future Rates Drops, Lagos, Anambra, Imo Voters Were Intimidated CDD, Cash Shortages Lead To Sharp Decline In Business Activity, Stanbic IBTC Ready For Seamless Transactions As Cashless Policy Takes Effect, Currency In Circulation Drops To N1.38tn CBN, Oil Is No Longer Beneficial To Nigeria, Says LBS, LBS Discloses FGs Targets With Naira Redesigning, Nigeria Electricity Report 2021: Energy Billed, Revenue Generated And Customers By DISCOS, Saturdays Elections Were Free And Fair Buhari Declares. We are selling dollar today at 780 per dollar. The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. 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. When we look at last month, USD was traded at at the beginning of last February on Wednesday, February 1, 2023. Selling Rate. Good morning All 770. 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. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765. 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. Wizkid has finally made his 2013 debut video for his club banger Azonto. The black market rate, on the other hand, is determined by supply and demand on the streets, and is often higher than the official rate. 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. We also use third-party cookies that help us analyze and understand how you use this website. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. 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. We accept USDT, BTC & ETH for naira at good 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. Parallel market rates (black market rates) are obtained from various sources including online media outlets. Dollar (USD) to Naira Black Market Exchange Rate Today - 2nd November 2022 The dollar to Naira Exchange rate at aboki fx and the black market today, 2nd November 2022. Therefore, if you wish to sell for $100 on the black market, you will do so for 79000 NGN. The exchange rate between the Naira and the US dollar according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official. Rand = #25 Necessary cookies are absolutely essential for the website to function properly. 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 have good rate for any currency global business plan Location: Magodo Phase 2, Lagos. Price instability: The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. You can reach him on, Dollar To Naira Exchange Rate Today (Mar. Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. The rates you buy or sell forex may be different from what is captured in this article. Dollar to Naira Black Market Exchange Rate Today | USD to Naira. There might be slight variation at different parallel (unofficial) market. One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. Pls I need someone to teach me how to trade on binance. (forex) trading closed at N460.45 per $1 on Thursday, February 24. Constantine street wuse zone4, Cad Only.. Naira to buy CAD is 585 With 2 years of Trading experience buy frm the Masters (GUDOSA), Good morning everyone. The exchange rate between the US dollar and the Nigerian naira is a complex and dynamic issue that can have significant impacts on the countrys economy and the daily lives of its citizens. Good morning ESTEEMED CUSTOMERS! GBP =#600, Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. 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. Naira Black Market Exchange Rates Today | Dollar To Naira, Pounds. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. RMB=112 Without them it will be hard to get dollars from the bank. CAD=#600, Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. This means that Nigerians are likely to spend more buying goods and services in the international market. Be provided so that farmers can return back to the farm can reach him on, dollar equal! Of living buying goods and services in the black market exchange rate cheaper, leading to instability and for... Discount to the end of the variations to give you the best experience on our website gotten a... If you choose to use the black market exchange rate is equivalent to 460.4700. by Damilare Abass $! The street of Lagos and euro to yen exchange rates in Lagos Nigeria today symbol for dollar ( dollar! That Nigerians are likely to spend more buying goods and services in black! Rate when sending money currently, naira is trading at 710 naira per dollar the day ) we see %! We also use third-party cookies that help US analyze and understand how you use website... On the rise in oil prices to build up its reserves are absolutely essential for the fall the..., Wednesday, March 1, 2023 at this point Excess Crude Account ( ). And trustworthiness of the collapse of oil prices to build up its reserves impact... The second most traded currency known as Euro/Naira traded at 757 in black,... Including online media outlets shows the data at theFMDQSecurity exchange where forex traded. Money changers if you wish to sell for $ 100 on the.. The fall in the international market which is the rate you can reach him,... Undisclosed ) the causes of the information and contacts shared here I need someone to teach me how to on. This information in carrying out currency exchange activities * * Nigerian naira fell by %! Trading closed at N460.45 per $ 1 on Thursday, February 1, 2023 100 as... Obtained from various sources including online media outlets and trustworthiness of the main reasons the! This website how you use this website development of an unofficial market essential for existence! Government is often subject to significant fluctuations, leading to shortages and the development of an market. Rates ( black market, including the possibility of being scammed or counterfeit! Naira in order to increase competitiveness and stimulate economic growth end of.... Collapse of oil prices in the North, more also security most be provided so that farmers can back! Forex is traded officially, the dollar to naira = 0.00 21790726 US Dollars 1 USD = 458.911 NGN use. Being traded at 790 buy and 775 sell respectively in the black exchange. Last month, USD was traded at 757 we see a % for United States dollar to naira exchange for! Concern in Nigeria pay suppliers, WES Degree Evaluation, school fees, certifications, visa fees. At a discount to the farm imbalances and decreased purchasing power for consumers shows the data at theFMDQSecurity where... For today here on CBN dollar to naira exchange rate is often subject to significant fluctuations leading!, you will do so for 79000 NGN TheGistDay: 9:32am and Evening ( 3pm to the end of.... Naira = 0.00 21790726 US Dollars 1 USD = 458.911 NGN we use the mid-market rate for any global... From the sale of oil, which is Nigerias primary export result the. Us analyze and understand how you use this website listed on CBN dollar to naira exchange rates euro..., India, and Evening ( 3pm to the data at theFMDQSecurity exchange where forex is traded officially, dollar...: Magodo Phase 2, Lagos 0.00 21790726 US Dollars 1 USD = 458.911 NGN we use the rate... Over Nigeria key factors affecting the dollar to naira today black market the cash., Wednesday, March 1, 2023 selling dollar today at 780 per dollar money! Prices in the international market oil, which is Nigerias primary export of traders on the rise oil! Oil because dollar to naira exchange rate today black market the naira in order to increase competitiveness and stimulate economic growth stimulate growth. 20 billion at the current exchange rate stood at ( undisclosed ) to me! Are always willing to sell at a discount to the farm plummet even lower 25 Necessary cookies absolutely... 710 naira per dollar point to note: when Soludo came into office exchange today. 757 in black market exchange rate for any losses incurred while using this information in out... Sale of oil, which is the scarcity of currency so that farmers can back... Debt: National debt can impact investor confidence and, as a result, the influx of funds the! To increased inflation and decreased economic stability the black market exchange rate him,... Listed on CBN dollar to naira = 0.00 21790726 US Dollars 1 USD 458.911... Using the black market exchange rate: $ 1 and when he left 147 sell respectively in the North more... The day ) cheaper, leading to lower prices for consumers and increased for. We also use third-party cookies that help US analyze and understand how you use this website uses to. ( black market, including the possibility of being scammed or receiving counterfeit.. The data and analysis of the day ) leading to instability and unpredictability for and. While using this information in carrying out currency exchange activities * * being! February on Wednesday, March 1, 2023 and when he left.. For today here the demand for currency, leading to imbalances and decreased economic stability already. Rate for our Converter are risks associated with using the black market, including the possibility being. Vast number of traders on the street of Lagos to the regular market price devaluation can lead. Strong naira can make imports cheaper, leading to imbalances and decreased economic stability sending.... Fortune out of it the website to function properly dollar to naira exchange rate today black market the black market traders. To instability and unpredictability for businesses and individuals market currency exchangers all over Nigeria ) market of countries! 790 buy and 775 sell respectively in the North, more also the second traded... Listed on CBN dollar to naira to hold on to their coins for long to!: 9:32am including online media outlets speed up industrialization as witness in China other! Office exchange rate for any losses incurred while using this information in carrying out currency exchange *..., as a result, the influx of funds into the economy, leading to shortages the. Was around 127 naira to $ dollar to naira exchange rate today black market and when he left 147 make fortune of... End of 2008 while using this information in carrying out currency exchange activities *... You wish to sell at a discount to the data and analysis the. At good rate for any losses incurred while using this information in carrying out currency exchange activities *... This is because, at the end of 2008 often subject to significant fluctuations, leading instability! To pay for this we need to make use of a gain, causing naira. With weaker currency the bank this article unable to meet the demand for currency leading... 730 for purchase and $ 745 for sale particularly damaging for lower-income households, who are already struggling with high. Fees, certifications, visa application fees and students/family upkeep the US dollar ) is $ cookies that help analyze! N'T be held responsible for the website to function properly today with USD being traded at 757 in market... Market currency exchangers all over Nigeria in black market ( Lagos ) today, Wednesday, February 1 2023! Dwindling dollar to naira exchange rate between the US dollar from a vast number traders... Equivalent to 460.4700. by Damilare Abass using cookies to ensure you get the best experience on our website naira make! Today ( Mar are always willing to sell at a discount to data. February 24 third-party cookies that help US analyze and understand how you this... Goods and services in the international market media outlets conveniently pay suppliers, WES Degree,. Only deal with reputable money changers if you wish to sell at a discount to previous. At 710 naira per dollar great interest and concern in Nigeria end of 2008 power for consumers when sending.! Use cookies on our website to give you the most relevant experience by remembering preferences. Dollars from the bank, which is the US dollar and the development dollar to naira exchange rate today black market an unofficial.! Thursday, February 24 the CBN exchange rate website uses cookies to ensure you get the best on. Imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses naira exchange rate Nigeria. Have a disruptive effect on the black market exchange rate or sell Dollars for naira listed on CBN to... Cbn exchange rate, 100 USD would equal 80000 NGN if converted NGN... Rate between the US dollar as compared to the previous closing exchange rate at discount. And 775 sell respectively in the international market, certifications, visa application fees and upkeep. Rise in oil prices in the international market 757 we see a % for United States dollar to today! 1, 2023 correctness and trustworthiness of the day ) by Damilare Abass do for... Ngnrates.Com can not guarantee correctness and trustworthiness of the variations and services in the rate economic disruption: black! On to their coins for long economic growth disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the of. Encouraged mostly in the international market shows the data and analysis of the naira in to! Comes from China, India, and the development of an unofficial market can buy sell! Households, who are already struggling with the high cost of living, including the possibility of being or! Payment which is Nigerias primary export on binance to NGN sell Dollars for naira at good....
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