We have good rate for any currency global business plan AED=170 Even though the dollar to naira opened in the parallel market at N765 per $1 today, IDOMA VOICE reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. Addressing these challenges requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. It is important to exercise caution and only use reputable and trusted sources when exchanging currency. GBP =600 When we check the last 7 days, between 22/02/2023 and 01/03/2023, we see that Dollar to Naira black market rate had values between 730 and 775 with the average 764.00. Do you know that over 70% of newly printed notes are used to replace worn out and damaged notes, $1 $5 $10 as expected are the mostly used notes often used frequently, this makes them not to last longer. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. According to the data at theFMDQSecurity Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). GBP=#935, Your email address will not be published. Good morning everyone. Apata Ibadan, Good morning everyone. There might be slight variation at different parallel (unofficial) market. 07065344337 Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. 2023 Naira Black Market. Sell $1 = 575. The Black market is oftentimes seen as an underground economy run by dealers that are not authorized by the government but who run a trusted connection with those who are authorized, usually the Bureau de Changers. Canadian Dollar To Naira, Australian Dollar To Naira And Other Currencies To Naira Exchange Rates, Dollar To Naira Black Market Exchange Rates Today, Euro To Naira Black Market Exchange Rates Today, Pounds To Naira Black Market Exchange Rates Today, How To Start Saving Money In Dollars In Nigeria (All you need to know), List Of All The Bureau De Change Operators (BDC) Approved By CBN in Nigeria, Nigerian Banks, CBN And BDC Naira Exchange Rates. Lokoja Kogi State. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. Dollar to Naira Black Market rate Here is the current USD to Naira rate today. call 07086601942, Good morning Nigerian and the world at large and a very cold Morning just so you know Usd for demand which is $1000 and above if you see anyone willing to sell higher than 753 I personally will advise you to trade with the fellow as long its a face to face trade, we look forward to doing business with yall on this very day and will offer the best rate possible depending on you to make your decision please call us on 0708 732 1286 or write us on whatapp 08105598688 Thanks, I have over $2m dollars for sale @ #740 face to face Lagos. Damilare Famuyiwa is a journalist and media consultant with over seven years experience. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . Black market dollar to naira exchange rate today 28th February 2023 can be accessed below. LAGOS PARALLEL MARKET RATES TODAY: dollar to naira exchange rate today black market. EUR=#797, Selling Rate. 747. SAR=180 The rates you buy or sell forex may be different from what is captured in this article. We shall be updating this particular page three times daily. You can exchange your dollar for Naira at these rates on Thegistday. Dollar to Naira Black Market Rate Today, 14th January 2023 XOF=1100 We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. GHS=#40, 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765 The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Monday, 27 February 2023, in Lagos Nigeria, after it closed at N765 per $1 on Sunday, 26 February 2023. Though the exchange rate was stable and sold for 148 naira. Addressing this challenge requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market. Most Nigerians have argued that the existence of black market has caused more harm than good this has made the government to suspended the sale of dollars to Bureau De Change (BDC). Serious buyers. Location: Magodo Phase 2, Lagos. EGP =25 Contact us @ 08137444388 How much is the dollar to naira at the black market today? 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. by Damilare Abass. The Dollar to Naira exchange rate seems not stable rather it fluctuates from time to time against the Naira, leading to the Naira losing most of its value. TRY =#25, Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it. Office address:- bulama house, opp zone4 plaza. The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). call 07086601942, I have 600 dallar for sale at 755 rate location Lagos State lekki 07058562122, Upto 100,000 CAD is available at 593 those hu want to buy large Quantity Should whatapp GUDOSA on +2348158659847, Good morning All This would mean that the Nigerian currency either gained or dropped in value against the United States dollar, astheforeign exchange (forex)trading closed atN460.47 per $1 on Monday, February 27. The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. call 07086601942, Good morning All The following are the current CAD to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market. Call/WhatsApp 09078785157 or +447418352266. Good morning. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. RMB=70 Changes in these indicators can result in fluctuations in the value of the pound, which can in turn impact the pound to naira exchange rate. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. Contact: editor @ nnn.ng. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. RETURN TO HOMEPAGE TO SELL IT TO BUYERS NEAR YOU, **Please note, all the exchange rates published on this site are for information purposes. RMB=#112, Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. The table shows the data and analysis of the variations. Exchange Rate of Dollar To Naira in Black Market Today? USD dollar today rate of 750 for selling, 770 if you want buy for abeukuta itoku market market If you need call me or text me on WhatsApp 07054640318, I have $900 dollar to sell for 770 in Lagos. The Naira was exchanged at 22 naira for $1 officially. Buying Rate. Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. The black market rate is between 800 and 818. (forex) trading closed at N460.47 per $1 on Monday, February 27. Black Market Dollar To Naira Aboki Exchange Rate Today Even though the dollar to naira opened in the parallel market at 725 per $1 today, BrandNewsDay reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. Dollar to Naira parallel market exchange rate is between 760 and 770 with an average of 763.75 in Nigeria today on 27/02/2023, according to 4 sell rates coming from the users in the comments section. EGP =#25, However, it is important to note that the black market exchange rate is highly volatile and subject to constant change based on supply and demand in the market. If you disable this cookie, we will not be able to save your preferences. If you want to know the current black market rate, here is the page to find that. Call/WhatsApp 09078785157 or +447418352266. The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. The existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. We use the mid-market rate for our Converter. The Nigeria economy started to boom again, this time oil price rose steadily from just $30 per barrel to $140 per barrel. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. Call/WhatsApp 09078785157 or +447418352266. Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. Rate varies for various banks and parallel markets. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. Dollar to naira,on Wednesday, March 1, 2023, opened at (undisclosed) at theInvestors & Exporters FX window( I&E FX Window), where the currencies officially trade. The government was forced to introduce strict measures such as banning the Interbank forex market and also 41 items from being eligible for forex. and went high to 164 naira at the end of 2014. Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 757 and sold at 754 today , as against 762 it traded yesterday . Pounds to Naira Black Market Exchange Rate Today | GBP to Naira, INEC Results So Far | Check INEC 2023 Elections Results Uploaded by States, INEC Live Results Portal 2023 Presidential Elections | www.inecelectionresults.ng, KSTSB Posting List 2023 Check Kaduna State Teachers (TSB) Posting Letter, Civil Defence Recruitment 2023/2024 Application Form Registration Portal | www.nscdc.gov.ng, Nigerian Army Training Date 2023/2024 Training Venue, Requirements. Traders in the black market are always willing to sell at a discount to the regular market price. The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23rd February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22nd February 2023. HAVE 2,000 USD CASH FOR SALE. The Dollar/ Naira have not had a smooth ride ever since 1986, the relationship between both currency has been unpredictable leaving the economy of Nigeria poorer. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. The current exchange rate is equivalent to 459.5000. The use coins are massively produced with cheap materials such as zinc, copper instead of gold and silver, this made them to have lower intrinsic value. Rand = 25 CALL/WHATSAPP 09078785157 or +447418352266. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel (unofficial) market. Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. Disclaimer. Skip Recommended articles and continue reading . Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. The local currency opened atN765.00 per $1 at the parallel market otherwise known as the black market today Monday, 27 February 2023, in Lagos Nigeria, after it closed at N765 per $1 on Sunday, 26 February 2023. To solve the current problem, The government should ensure that they are properly regulated, those who failed to follow the guidelines should be suspended and if possible prevent large amounts of money to be transacted outside the banking system.The government must also ensure that refineries are established or set up or rather privatised as this will go a long way to stop the importation of Petroleum products into the country as this has bleed the economy for so long. However, our focus here is on currency transactions on the illicit market. call 07086601942, Good morning everyone. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Constantine street wuse zone4, I get 600USD to sell for 770 at Ikeja. Contact us @ 08137444388 call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. Dollar to naira exchange rate today black market (Aboki dollar rate): The local currency (abokiFx) opened at N765.00 per $1 at the parallel market otherwise known as the black market, today, Monday, 27th February 2023, in Lagos Nigeria, after it closed at N765.00 per $1 on Sunday, 26th February 2023. We SEND to banks in EUROPE , UK , US , CHINA , INDIA & CANADA . The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. The official exchange rate for euro to naira is set by the Central Bank of Nigeria (CBN) and is typically lower than the black market rate. Selling Rate. call 07086601942, Good morning everyone. The exchange rate between the US dollar and the Nigerian naira is a complex and dynamic issue that can have significant impacts on the countrys economy and the daily lives of its citizens. 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