Foreign Currencies Exchange Rate Against Naira In Black Market Today, Sept 12, 2022
Foreign currencies exchange rate against Naira in the black market today, Sept 12, 2022.
Naira to dollar black market exchange rate, dollar to naira, pound to naira, euro to naira, and others, September 12th, 2022, can be accessed below.
On this page, Newsone Nigeria compiles black market exchange rates of different currencies daily during the week so our readers can easily have access to the black market exchange rate of several currencies exchanged against the Nigerian naira each day for the week.
Below is the naira to dollar black market exchange rate for today…
As the 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.
The black market commonly referred to as the 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 the CBN dollar to naira rate 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 rates normally would always be lower than what is obtainable in the black market.
What’s your take on the 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.