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Dollar To Naira Black Market Exchange Rates Today


Dollar To Naira Black Market Exchange Rates Today | Aboki Dollar To Naira | How Much Is Dollar To Naira Today | AbokiFX

This page shows the different current exchange rates of the Dollar to Naira (USD to Naira) activities performed on this site by members, exchange rate gotten from the abokis on the street of Lagos as well as various Nigerian banks. The rates are served daily.

   Today's Dollar To Naira Black Market Exchange Rate

SOURCE { USD }

RATES (BUY/SELL)
 

DATES


Lagos Black Market (Aboki)1,225/1,24508/04/24
CBN1405.4622/03/24
BDC1,225/1,24508/04/24
Inflow/Bank Transfer Rates1,228/1,24808/04/24
Access Bank50528/04/22
GTBank49025/08/22
Zenith Bank514.1126/09/22
UBA503.4016/11/22
Eco Bank48023/03/22
   

Note: The table above shows the different exchange rates of the Dollar to Naira at the CBN, Lagos Black Market (Lagos Aboki) and various Nigerian Banks.

How Did We Get These Rates?

As you can see from the above table, we got the rates from Lagos Abokis, Banks, BDC and CBN. The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. While the bank rates were gotten from online transactions made with various Nigerian debit cards as well as ATMs.

What Can I Do With This Information?

Knowing the latest exchange rates of the Dollar to Naira, will help you to have a good bargain at the market when you go to exchange your currencies so that you don't get cheated. Also knowing the various bank rates will help you to get a first hand report on the exchange rate to expect from your bank anytime you make an online purchase or make a withdrawal from the ATM abroad or in Nigeria using your Dollar master card.

How Often Will These Rates Be Updated?

We shall be updating this particular page once a day.

What Are The Factors Affecting The Dollar To Naira Exchange Rate At The Black Market In Nigeria?

The exchange rate between the US dollar and the Nigerian naira is an important economic indicator for Nigeria, as it affects the country's trade, investment, and overall economic growth. The exchange rate at the black market in Nigeria is particularly important, as it is often used as a benchmark for the true value of the naira.

There are several factors that affect the dollar to naira exchange rate at the black market in Nigeria. One of the most important factors is the supply and demand of both currencies. If there is a high demand for dollars in Nigeria, but a limited supply, the exchange rate will increase. Conversely, if there is a high supply of dollars in Nigeria, but a limited demand, the exchange rate will decrease.

Another factor that affects the exchange rate is the overall economic situation in Nigeria. If the country is experiencing economic growth and stability, investors and traders are more likely to invest in the naira, which can lead to a stronger exchange rate. Conversely, if the country is experiencing economic instability, investors and traders may be more likely to invest in dollars, which can lead to a weaker exchange rate.

Political instability and uncertainty can also affect the exchange rate. If there is political unrest or uncertainty in Nigeria, investors and traders may be less likely to invest in the naira, which can lead to a weaker exchange rate.

Finally, global economic factors can also affect the exchange rate. If the US economy is performing well, investors and traders may be more likely to invest in dollars, which can lead to a weaker exchange rate for the naira.

So, how much is the dollar to naira today in the black market? The exchange rate is constantly changing, but as of the time of writing, 1 dollar is worth approximately the amount you see published  in the above table at the black market. It is important to remember that the exchange rate can fluctuate rapidly, so it is important to stay up-to-date on the latest exchange rate information using this page.

Overall, the dollar to naira exchange rate at the black market in Nigeria is influenced by a variety of factors, including supply and demand, economic stability, political stability, and global economic factors. It is important for investors and traders to stay informed about these factors in order to make informed decisions about their investments.


How Can I Buy And Sell The US Dollar In Nigeria?

The easiest and most convenient way to buy the USD in Nigeria is through banks and licensed forex dealers. They offer competitive rates and a secure transaction process. You can visit your bank or any forex dealer and provide them with the amount of naira you want to exchange for dollars. They will then give you the equivalent amount of dollars based on the current exchange rate. Keep in mind that you may need to provide some form of identification and fill out some paperwork to complete the transaction.

Another way to buy or sell US dollars in Nigeria is through online forex platforms. These platforms allow you to buy and sell currencies from the comfort of your home or office. Some popular forex platforms in Nigeria include FXTM, InstaForex, and Alpari. These platforms offer competitive rates and allow you to make transactions in real-time. However, you should be cautious when using online platforms and ensure that they are licensed and regulated by the Central Bank of Nigeria.

Lastly, there is the black market, which is an unofficial market where currencies are traded outside the official exchange rate. Kindly note that the black market is a parallel market and highly risky. The rates offered in the black market are usually higher than the official exchange rate, but there is a high risk of fraud and counterfeit currency. The best way to buy the US Dollar in the black market in Nigeria is through our platforms https://www.nairablackmarket.com and https://p2p.nairablackmarket.com.

In conclusion, buying and selling US dollars in Nigeria is easy and convenient through banks and licensed forex dealers. Always check the current exchange rate before making any transactions and be cautious when using online forex platforms. With these tips, you can get the best deal when exchanging your naira for US dollars.

 

 

**Please note, all the exchange rates published on this site are for information purposes. nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**