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

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Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Buying Rate770
Selling Rate800

Dollar to Naira Black Market Rate: The USD to Naira rate as of right now. For the dollar to naira aboki fx, check out the CBN and black market exchange rates. You can convert dollars to Nigerian naira at these rates or at the most recent black market or parallel market rate.

Due to the extremely high exchange rate compared to what the bank offers, many Nigerians prefer to exchange their foreign currencies, particularly US dollars, on the black market. This is the page where you can find the current black market rate.

The aboki fx dollar to naira exchange rate has also been added to this page to make it simpler for you to check each rate for the currencies you want to exchange in the parallel markets. Today, the most reliable source for the black market dollar to naira rate is Aboki fx. Their current exchange rate can be found here.

In the parallel market, what is the current dollar-to-naira exchange rate? You might be interested to know that the dollar to naira rate on the black market can sometimes be significantly different from the rate on the website of the Central Bank of Nigeria (www.cbn.gov.ng).

The current USD to Naira exchange rate is shown above. We will continuously refresh the most recent rate consistently to keep you informed. The current exchange rate for the Nigerian naira is the Dollar to Naira Exchange Rate. Rates vary among parallel markets and banks.

How Much is Dollar to Naira Official Exchange Rate Today

The parallel exchange rate, also known as the black market rate, is never the same as the CBN rate. Naira is currently trading at the above rate. The USD/Naira exchange rate has a significant impact on the Nigerian economy.

Inflation takes over the economy as the Naira falls, typically affecting citizens. Godwin Emefiele, governor of the Central Bank, has stated that the Nigerian economy requires a significant turnaround and urged Nigerians to work toward it.

The rate for dollars on the black market, also known as the Aboki market, is typically higher than the exchange rate at banks, which is typically governed by the Central Bank of Nigeria (CBN). On the CBN dollar to naira website cbn.gov.ng, you can buy or sell dollars for naira at the CBN Exchange rate.

When using your Naira Mastercard or Debit card from a Nigerian bank to make a purchase on a foreign website, the dollar to naira bank rate is used. Usually, these prices are lower than what you can get on the black market.

What Do You Think of the Dollar to Naira Black Market Exchange Rate Right Now? Tell us what you think and how the Government and the Central Bank of Nigeria (CBN) can collaborate in the future to provide reasonable USD to Naira rates.