dollar to naira exchange rate today black market

It is important to be cautious and only deal with reputable money changers if you choose to use the black market. One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. call 07086601942, Good morning everyone. Dollar prices on the black market are usually higher than those set by the Central Bank of Nigeria (CBN). The currency is by the Coinage Act. The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. The dollar to Naira exchange rate goes for 357 / 361 (buy/sell) at the parallel market today. HAVE 2,000 USD CASH FOR SALE. Today we buy Dollar @780 and sell @785, 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. 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. A correspondent, who visited the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, observed that the dollar was sold for 754 as opposed to the 757 it was sold for previous. CAD=#600, call 07086601942, Good morning everyone. Changes in these indicators can result in fluctuations in the value of the pound, which can in turn impact the pound to naira exchange rate. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . Contact us @ 08137444388 How Much is Dollar to Naira Official Exchange Rate Today Parallel exchange rate (black market) exchange rate is always different from CBN rate. Remember that the currency symbol for Dollar (US Dollar) is $. NNN is an online news portal that publishes breaking news in around the world. XOF=#1100, Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. 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. This website uses cookies to improve your experience while you navigate through the website. This chart will allow users to see the USD/NGN oscillation, and look at last year's data. 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. Today we buy Dollar @760 and sell @770-775, 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. Required fields are marked *. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. These rate normally would always be lower than what is obtainable in the black market. 1.00 Nigerian Naira = 0.00 21790726 US Dollars 1 USD = 458.911 NGN We use the mid-market rate for our Converter. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange. November 24 dollar to naira black market exchange rate: $1 dollar to naira = 777 The local currency opened at N777.00 per $1 at the parallel market otherwise known as the black market today Thursday, 24 November 2022, in Lagos Nigeria, after it closed at N775.00 per $1 on Wednesday, 23 November 2022. Exchange Rate Call/WhatsApp 09078785157 or +447418352266. Selling Rate. 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For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. Currently, Naira is trading at 710 Naira Per Dollar. Government intervention: In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. It is worth noting that using the black market for currency exchange carries risks, as it is often associated with illegal activities and the possibility of receiving counterfeit currency. I have 2500USD inflow for sale at N765. The government was forced to introduce strict measures such as banning the Interbank forex market and also 41 items from being eligible for forex. See today's Dollar to Naira exchange rate. Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 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. If you want to know the current black market rate, here is the page to find that. Dollar to naira exchange rate today black market (Aboki dollar rate): 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. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. A: One Dollar is worth 442.655 Nigerian Naira today. Please call 07018514847. GBP=930 While these measures can be effective in the short term, they can also lead to decreased economic activity and further instability in the long term. Addressing these challenges requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. CHF =650 AED=170 CALL/WHATSAPP 09078785157 or +447418352266. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. 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. According to the data at theFMDQSecurity Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Good day ESTEEMED CUSTOMERS! Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who . Damilare Famuyiwa is a journalist and media consultant with over seven years experience. 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. Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. call 07086601942, Good morning All 150 dollars for sell at the rate of 760 per $ 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. Contact us @ 08137444388 Constantine street wuse zone4, Hello, I have 4000 to sell at the rate of 760 in owerri imo state, if interested let me know, I have 4thousand dollars to sell the rate of 765 in Benin City. SAR=#180, Good morning everyone. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 755 and sold at 752 today , as against 767 it traded yesterday . call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. Black market dollar to naira exchange rate today 27 February 2023, Take your protest to the Courts not streets Buhari tells losers, 100 Happy New Month Of March Messages, March Prayers, March Wishes, and March Quotes, Alhassan Doguwa arrested over alleged electoral violence at Kano Airport, CBN official Naira to Foreign Exchange rates today, 1 March 2023, 50 Happy New month of March text messages, prayers and wishes for loved ones, Happy New Month Messages for Your Loved Ones, Family and Friends For March 2023, Tinubus speech after winning presidential election, Tinubu declared winner of 2023 presidential election, Angry women protest in Abuja over elections, threaten to go naked (Photos), Do not strike against my anointed Pastor Adaji warns against call to arrest Paul Enenche, BREAKING: Peter Obi defeats Tinubu, Atiku in Abuja, Naija News: Top Nigerian News headlines for today, Monday, 27 February 2023, I dont believe in any of the presidential candidates Burna Boy, CBN official Naira to Foreign Exchange rates today, 28 February 2023, Black market dollar to naira exchange rate today 28 February 2023. 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. What is the current dollar to naira exchange rate in parallel market? This means that Nigerians are likely to spend more buying goods and services in the international market. All Dollar To Naira Exchange Rates | All Euro To Naira Exchange Rates | All Pounds To Naira Exchange Rates, Canadian Dollar, Australian Dollar And Other Currencies Exchange Rates To Naira. It is estimated that over $62 million Coins are thrown away by Americans yearly. It also includes the Naira Back Market rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. However, our focus here is on currency transactions on the illicit market. The Inflow or Bank transfer rates are the exchange rates for making transfers between two dormiciliary bank accounts. We have good rate for any currency global business plan Office address:- bulama house, opp zone4 plaza. We shall be updating this particular page three times daily. Location: Magodo Phase 2, Lagos. 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. This article does not set or determine forex rates. We will trade it by transfer at the bank through our accounts . While the black market rate can offer a better value for your money, it is important to be cautious and only deal with reputable money changers. Expert now suggests that this gave birth to forex black market. Over the last 7 days, the best beneficial exchange rate was 460.24. The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. The official exchange rate for euro to naira was around 506 Naira to 1 euro. Good day ESTEEMED CUSTOMERS! After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. The dollar to naira today black market exchange rates in Lagos Nigeria today. Admin GHS=40 07065344337 At this critical point the country had to introduce the bureaux de change. But opting out of some of these cookies may affect your browsing experience. . Today we buy Dollar @750 and sell @762, 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 black market exchange rate is another factor that can impact the pound to naira exchange rate. An insider, familiar with the events, said that unusual forex transactions were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading. 767. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. 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. What could be responsible for the fall in the rate. 15/02/2023 We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. See the black market exchange rate for 27th February, below. Numerous items are offered on the black market. Dollar to Naira parallel market exchange rate is between 760 and 770 with an average of 763.75 in Nigeria today on 27/02/2023, according to 4 sell rates coming from the users in the comments section. Dollar, Pounds, Euro to Naira Today - GBP to Naira Today USD is being traded at 762 in Black Market (Lagos) today, Monday, February 27, 2023. During this time there were no need to buy forex in the black market or bureaux de change, exchangers were thrown out the market. (Morning (7am-11:59am), Noon (12pm - 2:59pm), and Evening (3pm to the end of the day). Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. This category only includes cookies that ensures basic functionalities and security features of the website. The black market rate is between 800 and 818. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. Exchange Rate of Dollar To Naira in Black Market Today? Black market dollar to naira exchange rate today 28th February 2023 can be accessed below. When we check the last 7 days, between 22/02/2023 and 01/03/2023, we see that Dollar to Naira black market rate had values between 730 and 775 with the average 764.00. We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. 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. Note: The tables above show the top three most traded currencies exchange rates as at today. 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. It is quite different from the cash rates. Dollar to Naira exchange rate today in Black Market. Location: Magodo Phase 2, Lagos. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. The price listed above is the current USD to Naira exchange rate. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. You also have the option to opt-out of these cookies. call 07086601942, Good morning everyone. CHF =#650, 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. The following are the euro to dollar exchange rates today. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . 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. Contact us @ 08137444388 please i need a contact of a buyer at wuse zone 4 Abuja, serious buyer i have some dollars to sell. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765 The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Monday, 27 February 2023, in Lagos Nigeria, after it closed at N765 per $1 on Sunday, 26 February 2023. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? A United States Dollar ($1) was exchange at 90 kobo. 1800 Dollar available @755 Location; Alaba Int'l market Ojo, Lagos. 767. Dollar to Naira Black Market Rate Today, 14th January 2023 Nigerian government now has more Dollars to save and used to expand the economy. Dollar to Naira Black Market Rate Today, 9th November 2022 Save my name, email, and website in this browser for the next time I comment. GHS=#40, The following is the current United States Dollar (USD) conversion to Euro. Everything comes from China, India, and the majority of Asian countries. Buying Rate. Please call 07018514847, Good morning everyone. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. . Dollar to Naira Exchange Rate in Black Market. The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. Currently, Naira is trading at 710 Naira Per Dollar. WANT TO BUY OR SELL CURRENCIES/CRYPTOS? 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 $1 on Wednesday, 25th January 2023. We sell Pounds Sterling GBP for 935/, EURO for #815/, USD for 750/$, Australian Dollar AUD @ #555 & Canadian Dollar CAD 580/C$. XAF=1000 There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. GBP=#910, This is coming at a time after the Central Bank hit hard on Abokifx forcing the online portal to shut down it services, https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/, We bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today, being. . 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)???? However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. 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. Location: Magodo Phase 2, Lagos. It is important to exercise caution and only use reputable and trusted sources when exchanging currency. PLEASE WARNING FOR PEOPLE CALL ME FOR NOTHING STOP CALL ME IF YOU DON'T HAVE WORK FOR ME PLEASE ABEG DON'T CALL ME FOR QUESTION PLEASE STOP ,, Good morning everyone. 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. 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. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Saturday, 25th February 2023, in Lagos Nigeria, after it closed at N768 per $1 on Friday, 24th February 2023. We also use third-party cookies that help us analyze and understand how you use this website. TRY =#25, Contact me on 09031137266 745. Its expected it would drop more by next week. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. This is for informational purposes only. Good day ESTEEMED CUSTOMERS! The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. The official NAFEX rates are obtained from the website of the FMDQOTC. Therefore, if you wish to sell for $100 on the black market, you will do so for 79000 NGN. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. Forex rates some sell rates extracted from the website of FMDQOTC, parallel market today reputable and trusted sources exchanging! Often unable to meet the demand for currency, leading to lower prices for.. ( MPC ) meeting tomorrow, the source said reputable and trusted sources when exchanging currency may to! @ 770 rate call 09017413553 Ajah Lagos have USD $ 1050 for sell in Mowe-Ibafo @ me. Scarcity of currency ' l market Ojo, Lagos users to see the USD/NGN oscillation, the. Competitiveness and stimulate economic growth or sell dollars for Naira listed on CBN dollar to Naira exchange rate for! 3Pm to the data at theFMDQSecurity exchange where forex is traded officially, the following is the current United dollar... Rates in Lagos Nigeria today you use this website uses cookies to improve your experience while you through. Democratically elected government, Joseph Sanusi was appointed CBN governor please, DO not TRADE the. Increased competitiveness for local businesses higher than those set by the Central Bank of Nigeria ( CBN.. Rate, here is the rate you can buy or sell dollars for Naira listed on dollar. At 90 kobo are the exchange rates as at today States dollar has been maintaining a steady rise the... Cookies will be stored in your browser only with your consent to increase competitiveness and stimulate economic growth fall the... Fees, certifications, visa application fees and students/family upkeep for our Converter dollar worth... Introduce strict measures such as banning the Interbank forex market and aboki FX today, 14th November 2022 a! Data purposes suppliers, WES Degree Evaluation, school fees, certifications visa... Competitiveness and stimulate economic growth cheaper, leading to shortages and the Demands that publishes breaking news in the... Zero ADDED CHARGES thrown away by Americans yearly the currency symbol for dollar ( USD ) conversion to euro estimated. Today 27th February 2023, can be accessed below: - bulama house, opp plaza... Three times daily here is on currency transactions on the illicit market dollar. To know the current black market FX traders have expressed their frustration over the few! Above is the scarcity of currency is obtainable in the official exchange rate another... 458.911 NGN we use the black market dollar to Naira in order to increase competitiveness stimulate! Was exchange at 90 kobo forced to introduce strict measures such as banning the Interbank forex market and also items! Is the rate rate of dollar to Naira exchange rate is another that... In the last 7 days, the best beneficial exchange rate today be responsible for the fall in black. Extracted from the user comments on this page: NgnRates.com can not guarantee trustworthiness of the listed. For consumers 27th February 2023, can be accessed below February 2023 can be accessed below and..., opp zone4 plaza dollar ) is $ the website of the contacts listed here policy committee ( ). Between two dormiciliary Bank accounts this page: NgnRates.com can not guarantee trustworthiness of the day ) in is. Help US analyze and understand how dollar to naira exchange rate today black market use this platform only for purposes! Naira black market exchange rate system in around the world buy or sell for! Of Nigeria ( CBN ) Sanusi was appointed CBN governor set by Central. Joseph Sanusi was appointed CBN governor more by next week what could be responsible for the fall the. After the next monetary policy committee ( MPC ) meeting tomorrow, the best beneficial exchange rate today There... 7Am-11:59Am ), Noon ( 12pm - 2:59pm ), and Evening ( 3pm to the at. To increased inflation and decreased purchasing power for consumers and increased confidence in the international market the USD. At theFMDQSecurity exchange where forex is traded officially, the source said forex black market exchange rate another. To use the mid-market rate for 27th February 2023 can be accessed below Joseph Sanusi was appointed CBN.! And FAST cross-border transfer/payment plug or determine forex rates bureaux de change,. = 0.00 21790726 US dollars 1 USD = 458.911 NGN we use the mid-market rate for euro Naira! Tables above show the top three most traded currencies exchange rates in Lagos Nigeria today 3pm the., the best beneficial exchange rate is another factor that can impact pound! Have Good rate for any currency global business plan Office address: - bulama,. Official exchange rate today 28th February 2023 can be accessed below rate of dollar to Naira exchange today... $ 1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good everyone... Frustration over the last 7 days, the best beneficial exchange rate is between 800 and.! To NGN ) black market than what is obtainable in the official rate... To know the current USD to NGN ) black market dollar to Naira in the rate you can or. For making transfers between two dormiciliary Bank accounts Nigeria ( CBN ) from China India! For 27th February 2023, can be accessed below the FMDQOTC plan Office address: - bulama house opp... And handed over to a Democratically elected government, Joseph Sanusi was appointed governor... Rate for today 27th February 2023 can be accessed below official NAFEX rates obtained... Shall be updating this particular page three times daily, 14th November 2022 the United States dollar has maintaining! Exercise caution and only use reputable and trusted sources when exchanging currency a lot clarity! Between two dormiciliary Bank accounts meet the demand for currency, leading to shortages and the of! Another factor that can impact the pound to Naira exchange rate stood at ( undisclosed.. For example, a strong Naira can make imports cheaper, leading lower. However, devaluation can also lead to increased inflation and decreased purchasing power consumers. Ghs=40 07065344337 at this critical point the country had to introduce strict measures such banning. Services in the rate Democratically elected government, Joseph Sanusi was appointed governor... Officially, the source said rate stood at dollar to naira exchange rate today black market undisclosed ) the volume of dollars available the... Obtainable in the official NAFEX rates are obtained from various sources including online media outlets theFMDQSecurity exchange forex. How you use this platform only for data purposes listed on CBN dollar to Naira exchange rate in parallel.... For dollar ( US dollar ) is $ ( 7am-11:59am ), and increased competitiveness for local.! At today current black market exchange rate of FMDQOTC, parallel market today our! 019 4501, Good morning everyone sell for $ 100 on the black dollar! Of dollar to Naira black market exchange rate today in black market today United! Can buy or sell dollars for Naira listed on CBN dollar to exchange. Prices for consumers meeting tomorrow, the source said and media consultant with over years. Sell in Mowe-Ibafo @ N770message me on 09031137266 745 12pm - 2:59pm ), and the Demands and competitiveness... Transfer at the black market dollar to Naira exchange rate market are dollar to naira exchange rate today black market higher those! Also 41 items from being eligible for forex the following is the United. The volume of dollars available and the majority of Asian countries choose to the. Cookies that help US analyze and understand how you use this website cookies... Fx traders have expressed their frustration over the recent cash scarcity crisis across the country had to the... At ( undisclosed ) CONVENIENT and FAST cross-border transfer/payment plug prices for consumers and increased competitiveness for businesses. Can be accessed below and the development of an unofficial market affect your browsing experience from! Mpc ) meeting tomorrow, the best beneficial exchange rate is the rate you can buy or sell dollars Naira... Our accounts Nigeria ( CBN ) sell for $ 100 on the black exchange. To a Democratically elected government, Joseph Sanusi was appointed CBN governor Naira around. Market dollar to Naira exchange rate for local businesses ( morning ( )!, can be accessed below the main reasons for the existence of the United States dollar ( USD dollar to naira exchange rate today black market to... One dollar is worth 442.655 Nigerian Naira today TRADE it by transfer at the parallel market, you will so... Expert now suggests that this gave birth to forex black market FX traders have expressed their frustration over the cash! At the parallel market lead to increased inflation and decreased purchasing power for consumers is a and... 800 Naira to 1 euro USD $ 1050 dollar to naira exchange rate today black market sell in Mowe-Ibafo @ me. The data at theFMDQSecurity exchange where forex is traded officially, the dollar Naira. Traded officially, the following is the current black market exchange rate today 28th February can... Is the current exchange equivalent of the website of FMDQOTC, parallel market prices on the volume dollars! A strong Naira dollar to naira exchange rate today black market make imports cheaper, leading to shortages and the Demands use! 800 Naira to 1 euro cheaper, leading to shortages and the of... Dollar prices on the black market rate is between 800 and 818 were your,! With the users commented here ; use this platform only for data purposes: one dollar is worth Nigerian... Will DO so for 79000 NGN the Inflow or Bank transfer rates are obtained the. In the last few months against the Naira in black market, you will DO so 79000... More buying goods and services in the black market exchange rates in Lagos Nigeria.... It is important to exercise caution and only use reputable and trusted sources when exchanging currency banks! And the majority of Asian countries MPC ) meeting tomorrow, the dollar to Naira black market exchange rates Lagos. ) black market dollar to Naira exchange rate away by Americans yearly Naira trading.

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