Dollar To Naira Black Market Exchange Rate Today 11th February 2023: are you searching for Aboki dollar to naira today, how much is dollar to naira today in black market,100 dollars to naira black market today, Abokifx exchange rate in nigeria today black market, dollar to naira today black market Nairaland, dollar to naira bank rate today, dollar to naira yesterday, aboki exchange rate today in Lagos, Abokifx exchange rate in nigeria today black market, aboki exchange rate today in Lagos, aboki dollar rate, dollar to naira yesterday, aboki exchange rate? read on Newsone Nigeria has compiled all exchange rate, including bank rates below.
IMPORTANT NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. It means that…As of today Saturday, 11 February 2023 you can buy or sell 1 dollar at ₦750 and ₦754, and the price can change (high or low) within hours.
In the parallel market, Aboki refers to the Hausa people who buy and sell dollars in the streets of Lagos and other major cities in Nigeria.
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How much is naira to dollar in black market today? Many of the dealers said they have struggled to trade after abokiFX.com, a website that collates parallel market rates in Lagos, stopped publishing parallel market rates in September 2021, after the Central Bank of Nigeria threatened its owner.
February 11th, 2023 dollar to naira black market exchange rate: $1 dollar to naira = ₦754
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N750 |
| Selling Rate | N754 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The local currency opened at N754.00 per $1 at the parallel market otherwise known as the black market today Saturday 11th February 2023 in Lagos Nigeria, after it closed at N754 per $1.
Even though the dollar to naira opened in the parallel market at N754 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognise 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 reports that in the black market, the players buy a dollar for N750 and sell for N754 on Saturday morning, February 11th, 2023, after they purchased N750 and sold for N754.
Meanwhile, Newsone reports that the USD started this week at ₦757 in Parallel Market also known as Black Market on Monday, feb 3rd , 2023, in Lagos Nigeria, after it opened at ₦747 last week.
Dollar to Naira Bank Rate today
As of today, the exchange rate dollar to naira black market is different from the bank rate. According to Newsone research, one United States Dollar equals 460.00 Nigerian Naira.
Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. This has weakened Naira to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates. Dollar to Naira Today
Dollar to Naira Rate for the Past 7 Days
| Date | Buy | Sell |
| January 29, 2023 | 750 | 745 |
| January 28, 2023 | 753 | 748 |
| January 27, 2023 | 753 | 748 |
| January 26, 2023 | 752 | 748 |
| January 25, 2023 | 755 | 746 |
| January 26, 2023 | 748 | 744 |
| January 25, 2023 | 746 | 742 |
When we checked on local dealers’ reports on forex in Lagos and Abuja respectively the Dollar To Naira Exchange Rate remains at 754, this means you can buy Dollar at 750 while you can sell at 754.
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.
