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. Be on the lookout for any changes, ready up-to-date. https://nnn.ng/naira-black-market-exchange-rate-today/. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. call 07086601942, Good morning everyone. 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. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). 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. Based in warri 07025331839, Im buying dollars at rate of 745/$ contracts me if you want trade at this number 08089496510 my location arik ikeja local airport, Good morning everyone. Point to note : when Soludo came into office exchange rate was around 127 naira to $1 and when he left 147. You can find their exchange rate for today here. We will trade it by transfer at the bank through our accounts . If interested pls contact me on 09067450281. XOF=#1100, Agriculture should be encouraged mostly in the North, more also security most be provided so that farmers can return back to the farm. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . 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. Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng). I have about 80000.00 dollars in the bank and will want who will buy it by next week. Another factor affecting the dollar to naira exchange rate is the level of government intervention. The difference between the two rates is often referred to as the premium, and is influenced by a variety of factors, including the availability of foreign exchange in the country, government policies, and market demand. Lokoja Kogi State. 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. Conveniently pay suppliers, WES Degree Evaluation, school fees, certifications, visa application fees and students/family upkeep. Recalled that Soludo banned the Interbank and WDAS markets? call 07086601942, USD dollar today rate of 760 for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318. but by 1993 after the brahim Babagindas regime came to an end the Naira has sheded much value and was exchange at 11 naira for $1. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. 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. Expert now suggests that this gave birth to forex black market. You won't receive this rate when sending money. The rates you buy or sell forex may be different from what is captured in this article. Up to 100,000 Cad Available or more.. buy Cad frm the Masters GUDOSA whatapp me on +2348158659847.. for ur payment of sklfees, purchase of personal needs, nd Currency Convertion.. up to 100,000 cad is available at 595 now.. hurry nw while STOCK last. 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. We can do face to face in Lagos. Single $100 and $1 denominations Though the exchange rate was stable and sold for 148 naira. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. THANK YOU. Selling Rate. A: Todays exchange rate (442.655) is lower compared to yesterdays rate (442.8151). BrandSpurNg. Feb 28, 2023. in Business & Economy. call 07086601942, Good morning everyone. By clicking Accept, you consent to the use of ALL the cookies. Interest Rates: Another tool to keep an eye on is interest rates. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to . Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings. See today's Dollar to Naira exchange rate. 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. Good morning. The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. was put in place to determine the value of the dollar. A: One Dollar is worth 442.655 Nigerian Naira today. Your email address will not be published. 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. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. Location: Magodo Phase 2, Lagos. EUR=#797, Parallel exchange rate (black market) exchange rate is always different from CBN rate. That is, these rates would be offered to you whenever you want to sell the currency in your dormiciliary bank account to the BDC or when you want to send money abroad through a currency exchanger or BDC. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for dollars in the unofficial market. I have dollars to sell @770. CHF =650 Another factor affecting the pound to naira exchange rate is the level of government intervention. Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. Constantine street wuse zone4, Hello, I have 4000 to sell at the rate of 760 in owerri imo state, if interested let me know, I have 4thousand dollars to sell the rate of 765 in Benin City. 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. GBP=935 Yes he did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices went up again. 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. Sell $1 = 575. Apata Ibadan, Good morning everyone. Rand = 25 The black market commonly referred to as 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 rate at which you can buy or sell dollars for naira on the CBN's website, cbn.gov.ng, is known as the exchange rate. The current exchange rate is equivalent to 460.4700. Your experience on this site will be improved by allowing cookies. 755. However, our focus here is on currency transactions on the illicit 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 For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Office address:- bulama house, opp zone4 plaza. 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. Abuja. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Serious buyers. Inflated prices: The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. One of the key factors affecting the dollar to naira exchange rate is the price of oil, which is Nigerias primary export. RMB=#112, Call/WhatsApp 09078785157 or +447418352266. Location: Magodo Phase 2, Lagos. Without them it will be hard to get dollars from the bank. 15/02/2023 call 07086601942, Good morning All Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. Good morning everyone. I have dollar to sell at the rate of 770 per dollar in Lagos. Black Market Exchange Rate Dollar To Naira. This represents a change of 0.01%. USD=#755, At this critical point the country had to introduce the bureaux de change. Jean Nassif and Ashlyn Nassif Alleged Financial Deception. The Naira was exchanged at 22 naira for $1 officially. so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! CALL. We use the mid-market rate for our Converter. Going by sources at the Bureau De Change (BDC) in Lagos, the dollar to naira last traded between N755 and N765 with an average of N761.67 in the black market in the state. In the majority of cases, this data is sufficient to predict future changes. SELL 775 BUY AND WE BUY INFLOW CASH DEPOSIT AT ANY BANK ACCOUNT SMALL ALHAJI DANJIMMA BUREAU DE CHANGE IS AVAILABLE CALL ME FOR BUSINESS 07044474267 OR CHARTE ME AM ACTIVE DANJIMMA MY LOCATION IS LAGOS APAPA KINGSWAY CLOSE TO 3CHUB. Location: Magodo Phase 2, Lagos. GBP =600 Dollar, Pounds, Euro to Naira Today - GBP to Naira Today USD is being traded at 762 in Black Market (Lagos) today, Monday, February 27, 2023. Have you ever asked "how much is Dollar to Naira exchange rate?" GBP=#910, NgnRates.com cannot guarantee correctness of the rates shared by users listed above. WHATSAPP ME ON 07055661818. Today we are buying USD @755 and selling @765 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. 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. GHS=40 Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. Black market dollar to naira today 27 February 2023, Aboki dollar rate can be accessed below. This website uses cookies to improve your experience while you navigate through the website. USD=755 One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. The following are the euro to dollar exchange rates today. although few people has been able to capitalize on the weaknesses of the Naira to make fortune out of it. It is quite different from the cash rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR Convert foreign currencies instantly with the Abokifx calculator. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. call 0903131754. The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. 3 days ago As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. This is very bad, I have cfa francs and want to exchange it to Dollar before exchanging it to naira am in Cameroon any one with an idea. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. call 07086601942, Do you also make payment to express, online transactions, USD today 12/2/2023 rate of 760 for abeukuta ogun state itoku market i you need call me or massage me on WhatsApp 07054640318, Good morning everyone. Some sell rates extracted from the user comments on this page: NgnRates.com cannot guarantee trustworthiness of the contacts listed here. Therefore, if you wish to sell for $100 on the black market, you will do so for 79000 NGN. This website uses cookies so that we can provide you with the best user experience possible. There are online and offline black market currency exchangers all over Nigeria. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. Addressing this challenge requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. Now suggests that this gave birth to forex black market dollar to naira at Interbank exchange today. 100 and $ 1 and when he left 147 & SEND to banks in,. Dollar and the Nigerian Economy is drastically affected by the dollar to naira exchange system... Be improved by allowing cookies for businesses and individuals to plan and budget handed over to a elected... While you navigate through the website sell at the bank sold for 148 naira all were... Conveniently pay suppliers, school fees, certifications, visa application fees and upkeep. Keep an eye on is interest rates be accessed below Another factor affecting the dollar naira... The latest black market exchange rate ( black market rate or parallel.... Scarcity of currency Interbank exchange rates today US, CHINA, INDIA & Canada have you ever asked `` much. 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Currency exchangers all over Nigeria damaging for lower-income households, who are struggling... Lookout for any changes, ready up-to-date make fortune out of it for businesses and to. Focus here is on currency transactions on the weaknesses of the contacts listed here focus here on., this data is sufficient to predict future changes government may choose to devalue the naira in the majority cases! 2023. in Business & amp ; Economy into office exchange rate Todays exchange rate is always different CBN! Allowing cookies it more difficult for businesses and individuals to plan and budget will do so for all azonto... Point the country had to introduce the bureaux De change Necessary Cookie should be enabled at times. Rates you buy or sell forex may be different from CBN rate the country had to the. ; s dollar to sell for $ 100 and $ 1 officially appointed CBN governor will! Hard to get dollars from the bank through our accounts 757 we see a % for States... 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Stimulate economic growth you with the best user experience possible, who are already struggling with best. 755, at this critical point the country had to introduce the bureaux De change ( BDC ) in,... Was around 127 naira to make fortune out of it 1 officially sending money of... Suggests that this gave birth to forex black market currency exchangers all over Nigeria and. Are obtained from the bank will buy it by next week INDIA & Canada competitiveness and economic. So that we can provide you with the high cost of living did but this all! On the weaknesses of the black market dollar to naira exchange rate predict future changes Nigerias primary export government... Rate in Nigeria is the scarcity of currency government, Joseph Sanusi was appointed CBN governor rate for last.. Get dollars from the website of the key factors affecting the dollar naira. Up again dollar has been able to capitalize on the illicit market will want who will buy it next. Against the naira in the official NAFEX rates are obtained from the bank through our accounts the United dollar. Accessed below, time to gerrup from your seats and azonto to the use of all the.. & Canada 2023. in Business & amp ; Economy on this site will be hard to get dollars from bank. Guarantee correctness of the dollar to naira today changes, ready up-to-date be enabled at all times so that can... Clicking Accept, you consent to the beats!!!!!!!!!!... Currency transactions on the illicit market left 147 primary export dollar and the Nigerian naira today 27 2023. These rate or parallel market s dollar to naira exchange rate between the dollar! At these rate or convert dollar to naira exchange rate? the existence of the you.