Newsone Nigeria
  • Home
  • Latest Post
  • News
    Dollar to Naira Today Black Market Rate 23 September 2023

    Dollar to Naira Today Black Market Rate 23 September 2023

    Nasims News On Payment Today 23 September 2023

    Nasims News On Payment Today 23 September 2023

    CBN Official Dollar To Naira Exchange Rate Today 23 September 2023

    CBN Official Dollar To Naira Exchange Rate Today 23 September 2023

    Latest NPower News Today Saturday 23rd September 2023

    Latest NPower News Today Saturday 23rd September 2023

    BREAKING: Zamfara Bandits Invade University Hostel, Kidnap Female Students

    Zamfara Bandits Invade University Hostel, Kidnap Female Students

    Dollar to Naira Today Black Market Rate 23 September 2023

    Dollar to Naira Black Market Rate Today 21st September 2023 [USD to NGN]

    Trending Tags

    • featured
  • Politics
  • Jobs
  • Finance News
  • Entertainment
  • Movies
  • Special Features
NewsOne Nigeria
No Result
View All Result
  • Home
  • Latest Post
  • News
  • Politics
  • Jobs
  • Finance News
  • Entertainment
  • Movies
  • Special Features
Home News

Black Market Dollar To Naira Exchange Rate Today 17th April 2023

Philips Sunday by Philips Sunday
5 months ago
in News
Dollar to Naira Black Market Today 18th August 2023 (Aboki Dollar to Naira Today)

Black market dollar to naira exchange rate today 17th April 2023 can be accessed below.

IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at ₦742 and the price can change (high or low) within hours.

READ ALSO

Dollar to Naira Today Black Market Rate 23 September 2023

Nasims News On Payment Today 23 September 2023

Newsone reports that the Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market).

Black market dollar to naira exchange rate for Monday, April 17 goes for [N737 to buy and N742 to sell].

Black market dollar to naira today

Lagos parallel market (black market dollar exchange rate today: $1 dollar to naira today black market)- Aboki dollar rate

The local currency opened at N742.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 17 April 2023, in Lagos Nigeria, after it closed at N742.00 per $1 on Sunday, 16 April 2023.

How much is dollar to naira today in black market?: Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦ 737
Selling Rate ₦ 742

Even though the dollar to naira opened in the parallel market at ₦742 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market. 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.

Newsone Nigeria reports that on the black market, the players buy a dollar for N737 and sell for N742 on Monday, 17 April 2023, after they bought N737 and sold for N742 on Sunday, 16 April 2023.

Meanwhile, Newsone Nigeria reports that the USD started this week at ₦742 in Parallel Market also known as Black Market on Monday, 17th April 2023, in Lagos Nigeria, after it opened at 746 last week Monday, 10th April 2023.

Factors Influencing Foreign Exchange Rates:

Here are some causes of the dwindling dollar to naira exchange rate.

Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.

Interest Rates: Another tool to keep an eye on is interest rates. 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.

Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. If inflows are high, the naira exchange rate will rise in favour of the naira.

Speculators: Speculators frequently impact the naira-to-dollar exchange rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower.

Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Everything comes from China, India, and the majority of Asian countries.

Disclaimer: NEWSONE NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

Philips Sunday

Philips Sunday

Philips Sunday is a Journalist and SEO Expert with a demonstrated history of working in the media production industry. He has degrees in Mass Communication/Media Studies. Connect with him on Facebook, Instagram and LinkedIn.

Related Posts

Dollar to Naira Today Black Market Rate 23 September 2023
News

Dollar to Naira Today Black Market Rate 23 September 2023

Nasims News On Payment Today 23 September 2023
News

Nasims News On Payment Today 23 September 2023

CBN Official Dollar To Naira Exchange Rate Today 23 September 2023
News

CBN Official Dollar To Naira Exchange Rate Today 23 September 2023

Latest NPower News Today Saturday 23rd September 2023
News

Latest NPower News Today Saturday 23rd September 2023

BREAKING: Zamfara Bandits Invade University Hostel, Kidnap Female Students
News

Zamfara Bandits Invade University Hostel, Kidnap Female Students

Dollar to Naira Today Black Market Rate 23 September 2023
News

Dollar to Naira Black Market Rate Today 21st September 2023 [USD to NGN]

Next Post
Stella Oduah: Alleged Plot To Scuttle Trial Pure Attempt To Blackmail Tinubu – Aide

Details Emerge About Composition Of Tinubu Ministerial Setup

Football Pool Result For Week 12: Week 12 Pool Result 2023 – UK Pool Agent

Week 42 Pool Fixtures for Sat 22 April 2023 – UK 2022/2023 - Pool Agent

About Us

Newsone Nigeria (newsoneng.com) is a modern media house with a different view of news gathering and delivery. We are aware of the fake news trend in online media and have taken up the challenge to correct this ugly trend.

Relevant Pages

  • About Us
  • Advertise With Us
  • Contact Us
  • Privacy Policy

Reach Us

11 Fashe street, Olowoira, Ojodu-Berger, Lagos Nigeria.

+234 7054546495

[email protected]

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: [email protected].

© NewsOne Nigeria

  • About Us
  • Advertise With Us
  • Contact Us
  • Privacy Policy

© NewsOne Nigeria

No Result
View All Result
  • About Us
  • Advertise With Us
  • Contact Us
  • Latest News in Nigeria Today
  • Newsone- Nigerian Newspapers & Naija News Today
  • Privacy Policy
  • Terms And Conditions

© NewsOne Nigeria