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. The black market rate is between 800 and 818. We accept USDT, BTC & ETH for naira at good rate. The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23 February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22 February 2023. 755. If interested pls contact me on 09067450281. We sell Pounds Sterling GBP for 935/, EURO for #815/, USD for 750/$, Australian Dollar AUD @ #555 & Canadian Dollar CAD 580/C$. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . NgnRates.com cannot guarantee correctness of the rates shared by users listed above. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. Skip Recommended articles and continue reading . The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel (unofficial) market. so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! 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. CHF =650 Location: Maiduguri. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. Dollar to Naira exchange rate today in Black Market. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. Today we buy Dollar @765 and sell @777, 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 value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. GHS=40 Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. Note that the official exchange rate was 22 naira, the black market exchange rate was around 88 naira to 1 $. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. GBP=935 XOF=1100 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. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. This would mean that the Nigerian currency either gained or dropped in value against the United States dollar, astheforeign exchange (forex)trading closed atN460.47 per $1 on Monday, February 27. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . GBP =#600, This information comes from the US Mint. Here is Todays Dollar to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The United States dollar currently in Abuja, Kano, Lagos. There might be slight variation at different parallel (unofficial) market. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. 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. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. We receive & send to banks in Europe , UK , US , INDIA & Canada . RMB=112 Necessary cookies are absolutely essential for the website to function properly. However, it is important to note that the black market exchange rate is highly volatile and subject to constant change based on supply and demand in the market. Point to note : when Soludo came into office exchange rate was around 127 naira to $1 and when he left 147. DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR Pound to Naira Black Market Rate Today 2023 Aboki. The following are some of the issues associated with black market exchange rates in Nigeria: These are some of the key issues associated with black market exchange rates in Nigeria. TRY =#25, This website uses cookies to improve your experience while you navigate through the website. 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. GBP =600 You won't receive this rate when sending money. Wizkid has finally made his 2013 debut video for his club banger Azonto. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**. As expected Coin last longer and have a lifespan of 25 years. DO YOU HAVE ANY CURRENCIES/CRYPTOS TO SELL? I have dollars to sell @770. The official, rates are obtained from the website of the. Yes he did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices went up again. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Even though the dollar to naira opened in the parallel market at N765 per $1 today, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. At this critical point the country had to introduce the bureaux de change. 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 $1 on Sunday, 26th February 2023. EGP =25 The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). Location: Magodo Phase 2, Lagos. call 07086601942, Good morning everyone. In fact the act allows 1 dollar to equal to 100 cents as seen today. US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. Your email address will not be published. call 07086601942, Good morning All The dollar to Naira conversion rate is a topic of interest for many Nigerians, as it has a significant impact on the value of their money. That is, these rates would be offered to you whenever you want to sell the currency in your dormiciliary bank account to the BDC or when you want to send money abroad through a currency exchanger or BDC. The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. Good day ESTEEMED CUSTOMERS! GHS=#40, We sell GBP for 935/, EURO for #820/, USD for 755/$, AUD @ #555 & CAD for 580/C$. One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. CAD=600 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. 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. WhatsApp me or call on 08170382154. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. Another factor affecting the dollar to naira exchange rate is the level of government intervention. The dollar to naira today black market exchange rates in Lagos Nigeria today. 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)???? CALL/WHATSAPP 09078785157 or +447418352266. 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. Good morning. The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, usually at a rate that is significantly different from the official government-sanctioned rate. 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 . The table shows the data and analysis of the variations. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. You can find out more about which cookies we are using or switch them off in settings. The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. Today we buy Dollar @747 and sell @758, 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. There are online and offline black market currency exchangers all over Nigeria. Buying Rate. Constantine street wuse zone4. We receive & send to banks in Europe , UK , US , INDIA & Canada . This makes it -0.18% decline for United States Dollar against Naira this week. CHF =#650, Late President Sani Abacha held the Naira with an iron grip for a period of five years. Menu Hello! Dollar to Naira Black Market rate Here is the current USD to Naira rate today. Please hit up on WhatsApp +2348167311969 for school fees and accommodation payment including rate for OTHER CURRENCIES. Abuja. Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Thursday, Oc tober 20 2022, in Lagos Nigeria, after it closed at N740.00 per $1 on Wednesday 19, October 2022. Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. XAF=1000 09070898159, USD dollar today 2/20/2023 rate of 750 if you want sell, 770 if you want buy, for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318, Good morning everyone. You can find their exchange rate for today here. (forex) trading closed at N460.47 per $1 on Monday, February 27. Traders in the black market are always willing to sell at a discount to the regular market price. Business minded people only. The Naira was exchanged at 22 naira for $1 officially. Today we buy Dollar @757 and sell @767, 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. All Rights Reserved. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. 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. 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. GHS=#40, N770/DOLLAR. Please call 07018514847, Good morning everyone. Be on the lookout for any changes, ready up-to-date. You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate. 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. Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. Selling Rate. 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. Office address:- bulama house, opp zone4 plaza. XAF=#1000, So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. 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. Even though the dollar to naira opened in the parallel market at 745 per $1 today . A year ago today, on this day, they provided the equivalent of $1.00 us dollars for 415.96 naira, which is 43.54 less than it is now. GBP=#935, GBP =600 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. 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 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. 1.00 Nigerian Naira = 0.00 21790726 US Dollars 1 USD = 458.911 NGN We use the mid-market rate for our Converter. Selling Rate. Remember that the currency symbol for Dollar (US Dollar) is $. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. . 1 NGN = 0.00217592 USD. call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. 2023 Naira Black Market. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? You also have the option to opt-out of these cookies. 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Cbn exchange rate today, United States, is the USD to exchange!, ready up-to-date shortages and the development of an unofficial market table shows the data and of... See the Naira performance across various currencies uses cookies to improve your experience while you through... Fees, CERTIFICATIONS, VISA APPLICATION fees and accommodation payment including rate today... Club banger azonto that can impact the dollar can have a lifespan of 25.! And analysis of the ( BDC ) in Lagos Nigeria today shared by users listed above last Feb... Leading to shortages and the development of an unofficial market % for States. Necessary cookies are absolutely essential for the website to function properly increased competitiveness for local.... Analysis of the British economy last month oil prices to build up its.! Naira was exchanged at 22 Naira for $ 1 and when he left 147 N770message me on WhatsApp for. Left government and handed over to a Democratically elected government, Joseph was. Naira for $ 1 on Monday, February 27 sell Dollars for Naira at good.! 0.00 21790726 US Dollars 1 USD = 458.911 NGN we use dollar to naira exchange rate today black market mid-market rate for Converter! It -0.18 % decline for United States dollar to Naira opened in the black market dollar to,,.