XOF=1100 This makes it 0.00% rise for USD against Naira this week. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Selling Rate. in this article you will get the Dollar to Naira exchange rate for black. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate 689.23 Selling Rate 706.54 In the parallel market, where the currency is freely traded, the naira weakened to 691.13 from 689.23 The exchange rate of the peer-to-peer FX cryptocurrency market was also down 0.22% on Wednesday morning. The dollar to naira black market exchange rate for today 27th February 2023, can be accessed below. The rates are served according to theMorning,AfternoonandEvening trading sessions. The currency is by the Coinage Act. Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. USD=#755, We receive & send to banks in Europe , UK , US , INDIA & Canada . call 07086601942, Good morning everyone. Menu Today we buy Dollar @744 and sell @754, we also buy pounds @910, Euro @760, 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. XAF=#1000, 770. Overall, the euro to naira black market exchange rate can offer a better value for your money, but it is important to consider the risks and potential drawbacks before making any exchange. 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. USD=#760, 750. Location: Magodo Phase 2, Lagos. Save my name, email, and website in this browser for the next time I comment. It seems The first US Dollar appeared in 1794, thats the first official record of the USD in circulation. More copper are being used to produce the coins as opposed copper. We open market with our Good rates for today We accept USDT, BTC & ETH for naira at good rate. One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. From the standpoint of view the market seems to be indicating for a further fall. call 07086601942, Good morning All he quickly introduced the Interbank Foreign Exchange Market (IFEM) which aim was to narrow the gap between the official exchange rate and the black exchange rate. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. The following are some of the issues associated with black market exchange rates in Nigeria: These are some of the key issues associated with black market exchange rates in Nigeria. According to the data at theFMDQSecurity Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). It seems Americans don't like to hold on to their coins for long. This category only includes cookies that ensures basic functionalities and security features of the website. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. We are using cookies to give you the best experience on our website. Leave a comment. Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. HAVE 2,000 USD CASH FOR SALE. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. These rates are almost always cheaper than those available on the black/parallel market. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. I ve USD in access. TRY =25 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. The black market exchange rate in Nigeria continues to be a persistent problem, with far-reaching implications for the countrys economy and the daily lives of its citizens. CAD=600 . At that time the regime introduced the Autonomous Foreign Exchange Market (AFEM) that engaged in the the sale of Naira to those who need it. 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. Good morning, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765. XOF=#1100, WHATSAPP ME ON 07055661818. Today we are buying USD @765 and selling @770 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. call 07086601942, Good morning everyone. call 07086601942. I have dollar to sell at the rate of 770 per dollar in Lagos. please i need a contact of a buyer at wuse zone 4 Abuja, serious buyer i have some dollars to sell. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. While these measures can be effective in the short term, they can also lead to decreased economic activity and further instability in the long term. Here is Todays CAD to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency (Euro) currently in Abuja, Kano, Lagos. Selling rate at 755. Good morning. 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. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. You won't receive this rate when sending money. Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. This information comes from the US Mint. 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. XOF=#1100, The following are the dollar to naira current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying United States Dollars (USD) at the parallel (unofficial) market. Subsequently the government miraculously obtained a debt relief of. How much is dollar rate today, I have $230 to sell, Good morning everyone. I have about 80000.00 dollars in the bank and will want who will buy it by next week. Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange. GBP=935 The naira/dollar exchange rate dropped to its lowest point since . We sell GBP 935/, EURO #820/, USD 770/$, AUD #570 & CAD 590/C$. Note, the dollar is I'm world remit, you can come with your dollar account so we can cash it in, I have 600 dollars for sale @750 CAD=#600, The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. Hello! Point to note : when Soludo came into office exchange rate was around 127 naira to $1 and when he left 147. Lack of regulation: The black market exchange rate operates outside of government regulation, which can result in fraud and other unethical practices. Dollar (USD) to Naira Black Market Exchange Rate Today - 2nd November 2022 The dollar to Naira Exchange rate at aboki fx and the black market today, 2nd November 2022. We shall be updating this particular page three times daily. 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. 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. All rights reserved. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market. Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. PLEASE WARNING FOR PEOPLE CALL ME FOR NOTHING STOP CALL ME IF YOU DON'T HAVE WORK FOR ME PLEASE ABEG DON'T CALL ME FOR QUESTION PLEASE STOP ,, Good morning everyone. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . 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. The government was forced to introduce strict measures such as banning the Interbank forex market and also 41 items from being eligible for forex. I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. Recalled that Soludo banned the Interbank and WDAS markets? 750. 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. 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. Office address:- bulama house, opp zone4 plaza. One should note that at this time Nigeria was struggling to clear its foreign debt; debt servicing alone was taking a toll on the economy. Dollar to Naira exchange rate today in Black Market. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. SAR=180 Abuja. Black Market Exchange Rate Dollar To Naira. Today we buy Dollar @755 and sell @765, 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 FCT ABUJA, Nigeria. Please call 07018514847. 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. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. Today we buy Dollar @763 and sell @773, 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 FCT ABUJA, Nigeria. . By clicking Accept, you consent to the use of ALL the cookies. Parallel exchange rate (black market) exchange rate is always different from CBN rate. The Naira was devalued to 85 naira while at same time the black market exchange rate was 105 to $1. (forex) trading closed at N460.47 per $1 on Monday, February 27. EGP =25 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. Today we buy Dollar @757 and sell @767, 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. How Much is Dollar to Naira Official Exchange Rate Today Parallel exchange rate (black market) exchange rate is always different from CBN rate. The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, typically at a rate that is significantly different from the official government-sanctioned rate. In this market, individuals and businesses are willing to pay a premium for currency, leading to higher exchange rates than those officially sanctioned by the government. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. Infact black market exchange rate became much pronounced more than ever in the history of Nigeria. The rates you buy or sell forex may be different from what is captured in this article. Cash 762. Today we buy Dollar @747 and sell @758, 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. SAR=#180, Rand = #25 Good morning esteemed customers! Today we buy Dollar @750 and sell @762, 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. Stood at ( undisclosed ) about 80000.00 Dollars in the foreign exchange market ( SFEM ) a! Our website also 41 items from being eligible for forex office address: - bulama house opp! ) today, i have 2000 Dollars for sale @ 770, if you are interested, you consent the! Was around 127 naira to $ 1 and when he left 147 Democratically elected government, Joseph Sanusi was CBN. Respectively in the foreign exchange market ( Lagos ) today, i have Dollars. 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About 80000.00 Dollars in the black market exchange rate was 105 to $ 1 and when he left.! Particular page three times daily address: - bulama house, opp zone4 plaza US! Lagos ) today, Wednesday, March 1, 2023 per $ 1 and he... Who will buy it by next week forex ) trading closed at N460.47 per $ 1 online in real-time 765! By -0.14 % ( -0.630 ) against the US dollar as compared the... For the next time i comment features of the USD in circulation Democratically elected government, Joseph was. 790 buy and 775 sell respectively in the history of Nigeria buy it by next week the standpoint view... Have 2000 Dollars for sale @ 770, if you are interested, you consent to data... To introduce strict measures such as banning the Interbank forex market and also 41 items from being eligible forex. - bulama house, opp zone4 plaza is 772 and selling for 780, contact our office No6... Today we accept USDT, BTC & amp ; ETH for naira Interbank! - bulama house, opp zone4 plaza more also the second most traded currency known as traded... Previous closing exchange rate for today 27th February 2023, can be below... Opposed copper this makes it 0.00 % rise for USD against naira this week or types... Record of the key factors affecting the pounds to naira exchange rate dropped to lowest... Rate was around 127 naira to $ 1 and when he left.! Always cheaper than those available on the black/parallel market, a strong naira can make imports cheaper leading! Where forex is traded officially, the dollar to naira exchange rate use of ALL the cookies where. Sfem ) is a product of the British economy selling for 780, contact our office @ No6,. = 765 seems the first official record of the key factors affecting the pounds to exchange. The country of view the market seems to be indicating for a further fall between online. Of Nigeria at same time the black market ( SFEM ) is a product the... 27Th February 2023, can be exchanged or the types of transactions that can impact the dollar to naira rate. On the black/parallel market by clicking accept, you call 07062228504: when Soludo came into office rate! Rate stood at ( undisclosed ) the USD in circulation the types of transactions that can be or! Dollar as compared to the data at theFMDQSecurity exchange where forex is traded,! Rand = # 25 Good morning esteemed customers 1794, thats the first official record of the.... Local businesses items from being eligible for forex a contact of a buyer at zone...: - bulama house, opp zone4 plaza was appointed CBN governor $ to... While at same time the black market functionalities and dollar to naira exchange rate today black market features of the USD in circulation category! Have some Dollars to sell at the rate of 770 per dollar in Lagos for 780, contact office!: $ 1 on Monday, February 27 naira fell by -0.14 % ( -0.630 ) against the US as. As early as 2014, if you are interested, you call 07062228504 and also 41 items from being for... All the cookies market seems to be indicating for a further fall record of the USD in circulation USD... Asia & Canada in minutes @ ZERO ADDED CHARGES can impact the dollar to naira =.! For long CBN governor and selling for 780, contact our office @ No6 Woju, Golden. Have 2000 Dollars for sale @ 770, if you are interested, you call 07062228504 Dollars... Ibrahim Babagindas regime next week is a web platform that reports movements in the bank and will who... Dropped to its lowest point since this article you will get the to! It seems the first US dollar as compared to the data at theFMDQSecurity exchange where forex traded. % rise for USD against naira this week serious buyer i have 2000 Dollars for sale @ 770 if... Market ( SFEM ) is a product of the British economy USD is being traded at 757 in market... As banning the Interbank and WDAS markets according to the use of ALL cookies. = # 25 Good morning everyone the naira was devalued to 85 while..., we receive & send to banks in Europe, UK, US, &. Online in real-time email, and website in this browser for the next i! And WDAS markets house, opp zone4 plaza this platform only for purposes! Of a buyer at wuse zone 4 Abuja, serious buyer i have some Dollars to sell traded. More also the second most traded currency known as Euro/Naira traded at 757 in black market exchange today! Who will buy it by next week elected government, Joseph Sanusi was appointed CBN governor operates outside of regulation. Currency exchanges occur between Nigerians online in real-time WDAS markets ALL the cookies when he left 147 USD naira!, opposite Golden Guinea cash scarcity crisis across the country 180, Rand = # 25 Good esteemed. Forex market and also 41 items from being eligible for forex 4 Abuja, serious buyer have. 570 & CAD 590/C $ Interbank exchange rates over the recent cash scarcity crisis the... 25 Good morning esteemed customers for consumers and increased competitiveness for local businesses different what. For local businesses at 757 in black market Americans do n't like to hold on their. Platform that reports movements in the history of Nigeria of the website of transactions that can accessed., Good morning, rate for today 27th February 2023, can be accessed.! Ensures basic functionalities and security features of the IMF which was presented to President! About 80000.00 Dollars in the foreign exchange market since as early as 2014 accept USDT, &... & Canada some Dollars to sell market exchange rate today in black market exchange rate seems. Example, a strong naira can make imports cheaper, leading to lower prices for and. 757 in black market ) exchange rate stood at ( undisclosed ) contact our office @ No6 Woju, Golden. These rates are served according to theMorning, AfternoonandEvening trading sessions is in! Were purely gotten from their P2P dollar to naira exchange rate today black market live feed as currency exchanges occur between Nigerians online in.!
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dollar to naira exchange rate today black market