Black market dollar to naira today 16th April 2023: The dollar to naira exchange rate in Nigeria’s black market is between ₦737 and ₦742, according to information gotten from Aboki exchange rate.
How much is the Dollar to Naira Exchange rate at the black market and aboki fx today? See today’s USD to Naira exchange rate. You convert your USD to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate.
Nigerians prefer to exchange foreign currency, particularly the USD to Naira, on the black market since the conversion rate is much higher than what the bank offers.
On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate.
How Much is Dollar to Naira? The Official Exchange Rate today?
Please keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has recommended individuals interested in Forex contact their respective banks before proceeding.
Below you can see the chart for the Nigerian Naira rate today compared to the Dollar
| 1 USD = 458.5528 NGN |
| 1 Dollars = 458.5528 Nigerian Naira |
| The USDNGN rate as of 16 Apr 2023 |
The parallel exchange rate (black market rate) always differs from the CBN rate. The exchange rate between the USD and the Nigerian Naira significantly impacts the Nigerian economy.
The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website.
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. These rates are almost always cheaper than those on the black/parallel market.
Black market dollar to naira today: Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦ 737 |
| Selling Rate | ₦ 742 |
Euro to Naira Black Market
Today’s Euro to Naira black market rate: This is the rate at Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
| Euro to Naira (EUR to NGN) | Exchange Rate Today |
| Buying Rate | ₦788 |
| Selling Rate | ₦800 |
Pounds to Naira Black Market
Today’s Pounds to Naira black market rate: this is the rate Aboki/Bureau De Change (BDC) is selling and buying. The Great British Pounds currency (Pounds) is currently in Abuja, Kano, Lagos. There might be slight variations in the different parallel (unofficial) markets.
| Pounds to Naira (GBP to NGN) | Exchange Rate Today |
| Buying Rate | ₦915 |
| Selling Rate | ₦923 |
Canadian dollar to Naira Black Market
| Canadian dollar to Naira (CAD to NGN) | Exchange Rate Today |
| Buying Rate | ₦610 |
| Selling Rate | ₦630 |
Today’s Canadian dollar to Naira black market rate: This is the rate at Aboki/Bureau De Change (BDC) are selling and buying The Canadian currency (Canadian dollar) currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
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 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.
