Dollar to Naira Black Market Exchange Rate Today
Dollar to Naira Black Market Rate Today
|USD to NGN||Black Market Exchange Rate|
As of today, the price listed above is the current Dollar to Naira black market rate today. So, in this article, you will see the CBN & black market exchange rate for dollar to naira aboki fx. If you have a dollar, you can convert or change your USD to naira at these rates Dollar at the latest black market rate or parallel market for July.
Therefore, what is the current USD to Naira exchange rate today July? If you have this question on your mind. In this article, you will see the black market and CBN exchange rate for dollars to nairas.
At these rates, you can either convert your USD to Naira or convert it at the parallel market rate or black-market rate. The high use of the US Dollar in Nigeria has made it possible for most of our exchanges to be USD to NGN.
Therefore, Nigerians often exchange their foreign currencies. The US dollar for naira uses the black market because the official bank rate is set very low.
Also, in this post, we have added the Aboki fx dollar/naira exchange rate so that you can check each of the exchange rates for the currencies you wish to trade on the parallel markets.
The most reliable source for the dollar/naira exchange rate on the black market is Aboki FX. Continue to read below to see the full details about the $1 rate in Nigeria.
The exchange rate in the table above is the current price of one United States dollar (USD) in Nigerian Naira (NGN).
The exchange rate seems to vary following the demand and supply of USD to Naira in the parallel and black markets. This article will always be updated daily as we get the new exchange rate for the Central Bank of Nigeria.
Many questions have been coming to our helpdesk, so we will answer all of them today. Firstly, Do you want to know how much $ to ₦ in the parallel market? the black-market exchange rate varies from the rate on the Central Bank of Nigeria’s official website (www.cbn.gov.ng).
Dollar to Naira
The parallel (black market) exchange rate is different from the official Central Bank of Nigeria (CBN) rate. Currently, 1 dollar equals 905 Naira. The Nigerian economy has been drastically affected by the naira to U.S. dollar exchange rate.
However, with the depreciation of the naira, inflation is taking over the economy and affecting citizens. Godwin Emefiele, Governor of the Central Bank of Nigeria, said the Nigerian economy needs a major turnaround and called on Nigerians to work towards this.
How Much is a Dollar Today?
Currently today, 1 dollar equals 905 Naira in the black-market exchange rate. However, there is always a difference from the official Central Bank of Nigeria (CBN) rate.
The black-market dollar exchange rate, also known as the Aboki market rate, is usually higher than the official Central Bank of Nigeria (CBN) exchange rate.
A CBN exchange rate is the rate at which dollars can be bought or sold for naira on the CBN’s website dedicated to exchanging dollars for naira, cbn.gov.ng.
, The CBN dollar to naira bank rate is the rate you use when purchasing items from foreign websites using your Naira Mastercard or debit card from Nigerian banks.
- Lagos State MSME Recovery Fund 2.0
- List of Ongoing Federal Government Loans
- CBN Agric Loan Application Form Portal
So, This rate is almost always lower than the rate available on the black market. Use the comment box if you have questions about the Dollar to Naira Black Market Rate Today. Also, do not forget to share this information with your friends on Twitter, Facebook, WhatsApp, or email.