Finance News
How Much Is Dollar To Naira In Black Market: Dollar To Naira Black Market Today 17th October 2022
How much is dollar to naira in black market, dollar to naira black market today, aboki dollar to naira today, exchange rate dollar to naira black market today, parallel market exchange rate nigeria, naira dollar exchange rate black market, dollars to naira today, black market dollar to naira exchange rate today, 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.
This online news platform understands that the parallel market exchange rates of all currencies including the black market exchange rates: dollar to naira black market, euro to naira today black market, and pound to naira today black market will be found on this page.
Below is the naira to dollar black market exchange rate for today…
Parallel Market Rates: how much is dollar to naira in black market, dollar to naira black market 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.
