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Dollar to Naira Exchange rate today

Dollar To Naira Black Market Exchange Rate Today 11th April 2023 (Abokifx)

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Black Market Dollar To Naira Today 25th September 2023

Dollar to naira black market exchange rate today 11 April 2023, Aboki Exchange rate can be accessed below.

How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 11 April 2023? 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 and the Official Exchange Rate today, 11 April 2023?

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.

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.

As the Naira falls in value, inflation takes over the economy, which usually impacts the inhabitants. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports.

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.

Dollar to Naira Black Market Rate Today, 8th April 2023

Dollar to Naira (USD to NGN)Black Market Exchange Rate Today
Buying Rate₦ 742
Selling Rate₦ 745

Below you can see the chart for the Nigerian Naira rate today compared to the Dollar

1 USD = 460.1949 NGN
1 Dollars = 460.1949 Nigerian Naira
The USDNGN rate as of 11 Apr 2023

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₦785
Selling Rate₦798

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₦914
Selling Rate₦925

Canadian dollar to Naira Black Market

Canadian dollar to Naira (CAD to NGN)Exchange Rate Today
Buying Rate₦610
Selling Rate₦930

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.

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