Dollar to Naira Black Market Exchange Rate Today

Dollar to Naira Black Market Exchange Rate
The Dollar to Naira Black Market Exchange Rate TodayIt also includes the Naira Back Market ratesBureau De Change (BDC) rate, Central Bank of Nigeria (CBN) rates and black market exchange rate for dollar to naira.
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.
If you want to know the current black market rate, here is the page to find that.
You exchange your USD to Naira at these rate or convert dollar to naira at the latest black market rate or parallel market.
Dollar to Naira Black Market Exchange Rate

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

Dollar to Naira bank rate today

The official rate today $1 dollar to naira = ₦787.65/$1.

According to the data at the FMDQ Security Exchange where forex is traded officially, the exchange rate between the naira and the US dollar opened at ₦787.65/$1 on Tuesday, after it closed at ₦786.67 to a $1 on Monday.

We gathered reports that the dollar to naira exchange rate has maintained an average of N787.65 to a dollar since.

How much is a dollar to naira in black market?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N787 and sell at N790 according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Trading at the official NAFEX window

The exchange rate between the naira and the US dollar opened at ₦787.65/$1 on 1st and closed at ₦786.71/$1. Showing a change of 0.10%.

Dollar To Naira Exchange Rate Today

Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Abokifx is the most trusted source for black market dollar to naira rate today. You can find their exchange rate for today here.

Dollar to Naira Black Market Exchange Rate

Black market exchange rate;

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 788
Selling Rate 790

British Pounds to Naira

Similarly, the British Pound to Naira Exchange Rate is ₦992.43 buy, while you can sell a pound for ₦1000.33 at the black market rate.

Pounds to Naira (GBP to NGN) Exchange Rate Today
Buying Rate ₦992.43
Selling Rate ₦1000.33

Euro to Naira

Here are the current Euro to naira black market rates today of Bureau De Change (BDC)  for selling and buying Euros at the parallel (note this is unofficial) market rate.

Euro to Naira (CAD to NGN) Black Market Exchange Rate Today
Buying Rate ₦867
Selling Rate ₦870

Canadian Dollar to Naira

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 market (note this is unofficial) rate.

Canadian Dollar to Naira (CAD to NGN) Black Market Exchange Rate Today
Buying Rate ₦594
Selling Rate ₦640

South African Rand to Naira

This is the current Rand to naira black market rates today of Bureau De Change (BDC) operators in Nigeria  where you can buy and sell South African Rand to Naira at the parallel parallel market (note this is unofficial) rate.

Rand to Naira (ZAR to NGN) Black Market Exchange Rate Today
Buying Rate ₦42
Selling Rate ₦49

Yuan to Naira

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel market (note this is unofficial) rate.

Yuan to Naira (CNY to NGN) Black Market Exchange Rate Today
Buying Rate ₦87
Selling Rate ₦99

Kuwait Dirham to Naira

The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel market (note this is unofficial) rate.

Dirham  to NGN) Black Market Exchange Rate Today
Buying Rate ₦2563
Selling Rate ₦2587

Ghanaian Cedi to Naira

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 market (note this is unofficial) rate.

Cedi to Naira (GHS to NGN) Black Market Exchange Rate Today
Buying Rate ₦69
Selling Rate ₦72

Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).

The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed.

Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.

As Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. Get a Safe and Reliable Loan Fast

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).

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.

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. These rate normally would always be lower than what is obtainable in the black market.

What’s your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future.

GTCO Announces N221.5bn Profit Before Tax

Guaranty Trust Holding Company Plc, (GTCO Plc) has released its audited financial report for the year ending Dec. 31, 2021.

The group, in a statement on Sunday, said, its company released the financial statements to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE) declaring a profit before tax of ₦221.5 billion.

This represents a dip of 7.0 percent from ₦238.1 billion achieved in December 2020.

The holding company’s gross earnings also stood at N438.6 billion, slightly lower than N452.2 billion achieved in 2020.

Interest Income amounted to N266.9 billion from N30.7 billion, while interest expense went down to N46.3 billion as against N47.1 billion in 2020.

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