QUICK LOAN ARENA has obtained the exchange rate of the naira to dollar at black market today Wednesday August 7th, 2024 in Nigeria in the parallel market also called black market and also in the Nigeria official currency market.
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Wednesday 7th August, 2024?
As at today Wednesday August 7th, 2024, the naira is exchanging at 1 USD to 1,600 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,595 and selling for N1,600. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja, leaving a N5 profit margin.
The black market dollar to naira exchange rate today, Wednesday August 7th, 2024, is as follows: Buying rate: ₦1,595.00 per US dollar. Selling rate: ₦1,600.00 per US dollar. This represents 0.31 percent gain against the dollar, when compared with the level of N1,605 per dollar closed on Monday and early Tuesday at the black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,595 |
| Selling Rate | 1,600 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Friday 5th Jully, 2024?
As at today Wednesday June 26th, 2024, the naira is exchanging at 1 USD to 1,505 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,500 and selling for N1,505. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja, leaving a N15 profit margin.
The black market dollar to naira exchange rate today, Wednesday June 26th, 2024, is as follows: Buying rate: ₦1,500.00 per US dollar. Selling rate: ₦1,505.00 per US dollar. This represents 0.33 percent depreciation against the dollar, when compared with the level of N1,485 per dollar closed on Monday at the black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,500 |
| Selling Rate | 1,505 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Wednesday 26th June, 2024?
As at today Wednesday June 26th, 2024, the naira is exchanging at 1 USD to 1,505 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,500 and selling for N1,505. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja, leaving a N15 profit margin.
The black market dollar to naira exchange rate today, Wednesday June 26th, 2024, is as follows: Buying rate: ₦1,500.00 per US dollar. Selling rate: ₦1,505.00 per US dollar. This represents 0.33 percent depreciation against the dollar, when compared with the level of N1,485 per dollar closed on Monday at the black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,500 |
| Selling Rate | 1,505 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Monday 24th June, 2024?
As at today Monday June 24th, 2024, the naira is exchanging at 1 USD to 1,500 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,485 and selling for N1,500. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja, leaving a N15 profit margin.
The black market dollar to naira exchange rate today, Monday June 24, 2024, is as follows: Buying rate: ₦1,485.00 per US dollar. Selling rate: ₦1,500.00 per US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,485 |
| Selling Rate | 1,500 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Monday 6th May, 2024?
As at today Monday May 6th, 2024, the naira is exchanging at 1 USD to 1,420 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,400 and selling for N1,420. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N20 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Monday 6th May, 2024?
The black market dollar to naira exchange rate today, Monday May 6, 2024, is as follows: Buying rate: ₦1,400.00 per US dollar. Selling rate: ₦1,420.00 per US dollar. This represents 1.43 percent depreciation against the dollar, when compared with the level of N1,400 per dollar closed on Sunday at the black market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,400 |
| Selling Rate | 1,420 |
The foreign exchange (FX) market opened on Monday, with the naira exchanging with the dollar at 1,420 on the parallel market, popularly called black market.
This represents 1.43 percent depreciation against the dollar, when compared with the level of N1,400 per dollar closed on Sunday at the black market.
Traders attributed the naira weakness to increased demand for the greenback by end users who want to travel for business, tourism, health or education.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency closed flat on Friday at N1,400.40 per dollar, losing slightly by 0.16 percent compared with N1,402.67 closed on Thursday.
The intraday high closed at N1,435 on Friday, stronger than N1,445 closed the previous day. The intraday low depreciated to N1,300.40 on Friday as against N1,299.42 on Thursday.
The volume of dollars supplied by willing buyers and willing sellers declined by 13.29 percent to $201.88 million on Friday from $232.84 million recorded on Thursday. The Naira closed flat at N1,380 against the dollar on the parallel market.
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Sunday 5th May, 2024?
As at today Sunday May 5th, 2024, the naira is exchanging at 1 USD to 1,400 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,380 and selling for N1,400. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N20 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Sunday 5th May, 2024?
The black market dollar to naira exchange rate today, Sunday May 5, 2024, is as follows: Buying rate: ₦1,380.00 per US dollar. Selling rate: ₦1,400.00 per US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,380 |
| Selling Rate | 1,400 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Monday 4th March, 2024?
As at today Monday March 4, 2024, the naira is exchanging at 1 USD to 1,550 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,540 and selling for N1,550. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Monday 4th March, 2024?
The black market dollar to naira exchange rate today, Monday March 4, 2024, is as follows: Buying rate: ₦1,540.00 per US dollar. Selling rate: ₦1,550.00 per US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,540 |
| Selling Rate | 1,550 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Sunday 3rd March, 2024?
As at today Sunday March 3, 2024, the naira is exchanging at 1 USD to 1,550 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,540 and selling for N1,550. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Sunday 3rd March, 2024?
The black market dollar to naira exchange rate today, Sunday March 3, 2024, is as follows: Buying rate: ₦1,540.00 per US dollar. Selling rate: ₦1,550.00 per US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,540 |
| Selling Rate | 1,550 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Saturday 2nd March, 2024?
As at today Saturday March 2, 2024, the naira is exchanging at 1 USD to 1,550 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,540 and selling for N1,550. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Saturday 2nd March, 2024?
The black market dollar to naira exchange rate today, Saturday March 2, 2024, is as follows: Buying rate: ₦1,540.00 per US dollar. Selling rate: ₦1,550.00 per US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,540 |
| Selling Rate | 1,550 |
The Naira on Friday depreciated to N1,550 per dollar in the parallel market from N1,490 per dollar on Thursday.
However, the naira appreciated to N1,548.25 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Saturday 17th February 2024?
As at today Saturday February 17, 2024, the naira is exchanging at 1 USD to 1,600 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,590 and selling for N1,600. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Saturday February 17, 2024?
The black market dollar to naira exchange rate today, 17th February 2024, is as follows: Buying rate: ₦1,590.00 per US dollar. Selling rate: ₦1,600.00 per US dollar.
What is $100 US Dollar to Naira Black Market Exchange Rate today Saturday February 17, 2024?
The black market dollar to naira exchange rate for $100 today, 17th February 2024, is as follows: Buying rate: ₦159,000.00 per 100 US dollar. Selling rate: ₦160,000.00 per 100 US dollar.
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Friday 16th February 2024?
As at today Friday February 16, 2024, the naira is exchanging at 1 USD to 1,600 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,590 and selling for N1,600. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Monday February 16, 2024?
The black market dollar to naira exchange rate today, 16th February 2024, is as follows: Buying rate: ₦1,590.00 per US dollar. Selling rate: ₦1,600.00 per US dollar.
What is $100 US Dollar to Naira Black Market Exchange Rate today Friday February 16, 2024?
The black market dollar to naira exchange rate for $100 today, 16th February 2024, is as follows: Buying rate: ₦159,000.00 per 100 US dollar. Selling rate: ₦160,000.00 per 100 US dollar.
At the parallel market, commonly referred to as the black market, the naira exchanged with the dollar at rates ranging between N1,530/$1 and N1,600/$1 on Wednesday, further underscoring the pressure on the Nigerian currency.
The impact of this depreciation is felt keenly by businesses and households across Nigeria. Businesses reliant on imported goods face increased costs as the value of the naira decreases, potentially leading to higher prices for consumers. Additionally, companies with foreign debts may find their repayment obligations escalating, putting further strain on their finances.
For households, the depreciation of the naira means a decrease in purchasing power, as imported goods become more expensive. Necessities, as well as luxury items, could see price hikes, making it challenging for families to maintain their standard of living.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,590 |
| Selling Rate | 1,600 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Monday 12th February 2024?
As at today Monday February 12, 2024, the naira is exchanging at 1 USD to 1,500 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,490 and selling for N1,500. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Monday February 12, 2024?
The black market dollar to naira exchange rate today, 12th February 2024, is as follows: Buying rate: ₦1,490.00 per US dollar. Selling rate: ₦1,500.00 per US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,490 |
| Selling Rate | 1,500 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Saturday 10th February 2024?
As at today Saturday February 10, 2024, the naira is exchanging at 1 USD to 1,490 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,480 and selling for N1,490. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Saturday February 10, 2024?
The black market dollar to naira exchange rate today, 10th February 2024, is as follows: Buying rate: ₦1,480.00 per US dollar. Selling rate: ₦1,490.00 per US dollar.
What is $100 US Dollar to Naira Black Market Exchange Rate today Friday February 10, 2024?
$100 in the black market dollar to naira exchange rate today, 10th February 2024, is as follows: Buying rate: ₦148,000.00 per 100 US dollar. Selling rate: ₦149,000.00 per $100 US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,480 |
| Selling Rate | 1,490 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Friday 9th February 2024?
As at today Friday February 9, 2024, the naira is exchanging at 1 USD to 1,490 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,480 and selling for N1,490. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
What is $1 US Dollar to Naira Black Market Exchange Rate today Friday February 9, 2024?
The black market dollar to naira exchange rate today, 9th February 2024, is as follows: Buying rate: ₦1,480.00 per US dollar. Selling rate: ₦1,490.00 per US dollar.
What is $100 US Dollar to Naira Black Market Exchange Rate today Friday February 9, 2024?
$100 in the black market dollar to naira exchange rate today, 9th February 2024, is as follows: Buying rate: ₦148,000.00 per 100 US dollar. Selling rate: ₦149,000.00 per $100 US dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,480 |
| Selling Rate | 1,490 |
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Tuesday 6th February 2024?
As of today Tuesday February 5, 2024, the naira is exchanging at 1 USD to 1,360 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,350 and selling for N1,360. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,350 |
| Selling Rate | 1,360 |
What is $1 US Dollar to Naira Black Market Exchange Rate today Monday February 5, 2024?
The black market dollar to naira exchange rate today, 5th February 2024, is as follows: Buying rate: ₦1,350.00 per US dollar. Selling rate: ₦1,360.00 per US dollar.
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Monday February 5, 2024?
As of today Monday February 5, 2024, the naira is exchanging at 1 USD to 1,360 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,350 and selling for N1,360. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,350 |
| Selling Rate | 1,360 |
What is $1 US Dollar to Naira Black Market Exchange Rate today Monday February 5, 2024?
The black market dollar to naira exchange rate today, 5th February 2024, is as follows: Buying rate: ₦1,350.00 per US dollar. Selling rate: ₦1,360.00 per US dollar.
What is the Dollar to Naira Black Market Exchange Rate today in Black Market, Saturday February 3, 2024?
As of today Saturday February 3, 2024, the naira depreciated in value, exchanging at 1 USD to 1,350 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,340 and selling for N1,350. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,340 |
| Selling Rate | 1,350 |
What is the Naira to Dollar Black Market Exchange Rate today in Black Market, Tuesday January 23 2024?
As of today Tuesday January 23, 2024, the naira depreciated in value, exchanging at 1 USD to 1,360 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,350 and selling for N1,360. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,350 |
| Selling Rate | 1,360 |
How Much is dollar to naira today in Black Market, Wednesday January 17 2024?
As of today Wednesday January 17, 2024, the naira depreciated in value, exchanging at 1 USD to 1,260 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,250 and selling for N1,260. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,250 |
| Selling Rate | 1,260 |
How Much is dollar to naira today in Black Market, Friday January 05 2024?
As of today Friday January 05, 2024, the naira maintained its value, exchanging at 1 USD to 1,210 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,200 and selling for N1,210. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,200 |
| Selling Rate | 1,210 |
How Much is dollar to naira today in Black Market, Wednesday January 03 2024?
As of today Wednesday January 03, 2024, the naira appreciated in value to exchange at 1 USD to 1,210 NGN (compared to N1,250 it sold one week ago) at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,200 and selling for N1,210. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,200 |
| Selling Rate | 1,210 |
How Much is dollar to naira today in Black Market, Thursday December 28th 2023?
As of today Thursday December 28th, 2023, the naira depreciated in value to exchange at 1 USD to 1,250 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,240 and selling for N1,250. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,240 |
| Selling Rate | 1,250 |
How Much is 1 Dollar to Naira Today in Black Market, Saturday December, 23rd, 2023?
As of today Saturday December 23rd, 2023, the naira value slumped to exchange at N1210 to 1 US dollar after selling at an average of N1,160 last week at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,200 and selling for N1,210. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos. This leaves a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,200 |
| Selling Rate | 1,210 |
What is the Naira to Dollar Black Market Exchange Rate on Tuesday December 12th, 2023
Today Tuesday 12th of December, 2023, the Black Market dollar to naira exchange rate fell by 0.85 per cent in one week to sell at 1180 Naira compared with 1170 Naira it sold on 6th December, 2023.. This means that you can get 1180 Naira for every 1 Dollar that you exchange at the black market, also called the parallel market. The Black Market Exchange rate is typically known to be higher than the official exchange rate because it is not regulated by the Central Bank of Nigeria (CBN).
How Much is 1 Dollar to Naira Today in Black Market? A Dollar to Naira Today in Black Market – 12/12/2023 is 1180 Naira
As of today Tuesday December 12th, 2023, the naira value tumbled by 0.85% to exchange at 1180 Naira to 1 US dollar after selling at 1170 Naira last week Wednesday at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,170 and selling for N1,180. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja. This leaves a 10 Naira profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,170 |
| Selling Rate | 1,180 |
What is the Naira to Dollar Black Market Exchange Rate on Wednesday December 6th, 2023
Today Wednesday 6th of December, 2023, the Naira Black Market exchange rate for 1 US Dollar depreciated by 0.86% to sell at 1170 Naira compared with 1160 Naira it sold on Monday. This means that you can get 1170 Naira for every 1 Dollar that you exchange at the black market, also called the parallel market. The Black Market Exchange rate is typically known to be higher than the official exchange rate because it is not regulated by the Central Bank of Nigeria (CBN).
How Much is 1 Dollar to Naira Today in Black Market? A Dollar to Naira Today in Black Market – 12/6/2023 is 1170 Naira
As of today Wednesday December 6th, 2023, the naira value crashed to exchange at 1170 Naira to 1 US dollar after losing 0.86% compared to 1160 Naira it sold on Monday at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,160 and selling for N1,170. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja. This leaves a 10 Naira profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,160 |
| Selling Rate | 1,170 |
What is the Naira to Dollar Black Market Exchange Rate on Monday December 4th, 2023
As of today Monday December 4th, 2023, the naira continues to exchange at N1,160 to 1 US dollar after tumbling by 0.43% one week ago at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,150 and selling for N1,160. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja, leaving a N10 profit margin.
The Naira to dollar exchange rate illustrated below for Monday December 4th, 2023
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,160 |
| Selling Rate | 1,150 |
What is the Naira to Dollar Black Market Exchange Rate on Tuesday November 28th, 2023
As of today Tuesday November 28th, 2023, the naira fell by 0.43% to exchange at 1 USD to 1,165 NGN at the parallel market, popularly called black market compared to N1,160 it sold last weekend. Willing buyers reported buying the US dollar for N1,155 and selling for N1,165. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja, leaving a N10 profit margin.
The Naira to dollar exchange rate illustrated below for Tuesday November 28th, 2023
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,165 |
| Selling Rate | 1,155 |
The Nigerian naira exchange rate to the greenback continues to tumble at the foreign exchange (FX) market and at the parallel market also called black market due to continued pressure and demand for the United States dollar. On Tuesday, the naira crumbled to N1,165 per dollar on the black market representing a 0.43 per cent depreciation compared to N1,160 it sold last Friday.
Due to the shortage of greenback, the naira depreciation followed strong demand for dollars by individuals and importers who could not meet their FX needs at the official market.
At the Autonomous Foreign Exchange Market (NAFEM), the naira strengthened against the dollar despite a drop in dollar liquidity on Friday.
The local currency lost 16.88 as the dollar was quoted at N794.89 on Friday as against N956.33, which closed on Thursday at NAFEM, data from the FMDQ indicated.
Willing buyers and willing sellers quoted the dollar at a spot rate of N1,136, the highest and lowest rate of N700 per dollar.
The daily foreign exchange market turnover declined by 28.13 per cent to $ 75.82 million on Friday from $105.50 recorded on Thursday.
What is the Naira to Dollar Black Market Exchange Rate on Sunday November 26th, 2023
As of today Sunday November 26th, 2023, the naira depreciated to exchange at 1 USD to 1,160 NGN at the parallel market, popularly called black market. Willing buyers reported buying the US dollar for N1,150 and selling for N1,160. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,150 |
| Selling Rate | 1,160 |
What is the Naira to Dollar Black Market Exchange Rate on Wednesday November 20th, 2023
As of today Monday November 20th, 2023, the naira depreciated to exchange at 1 USD to 1,140 NGN at the parallel market, popularly called black. Willing buyers reported buying the US dollar for N1,130 and sold for N1,140. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, this leaves a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,130 |
| Selling Rate | 1,140 |
What is the Naira to Dollar Black Market Exchange Rate on Wednesday November 15th, 2023
As of today Wednesday November 15th, 2023, the naira maintained the previous day rate to exchange at 1 USD to 1,130 NGN at the parallel market, popularly called black. Willing buyers reported buying the US dollar for N1,120 and sold for N1,130. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, this leaves a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,120 |
| Selling Rate | 1,130 |
What is the Naira to Dollar Black Market Exchange Rate on Tuesday November 14th, 2023
As of today Tuesday November 14th, 2023, the naira crashed further to exchange at 1 USD to 1,130 NGN at the parallel market, popularly called black representing 3.67 per cent depreciation compared with N1,090/$1 it sold on Monday. Willing buyers reported buying the US dollar for N1,120 and sold for N1,130. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos, this leaves a N10 profit margin.
At the Autonomous Foreign Exchange Market (NAFEM), the naira firmed by 21.73 percent as the dollar was quoted at N780.14 on Friday as against N996.75 quoted on the previous day.
This was despite a decline in the dollar supply by willing buyers and willing sellers. Consequently, the volume of transactions, which reflects the daily FX market turnover, declined by 63.24 percent to $84.02 million on Friday from $228.54 million recorded on Thursday.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,120 |
| Selling Rate | 1,130 |
What is the Naira to Dollar Black Market Exchange Rate on Monday November 13th, 2023
As of today Monday November 13th, 2023, the naira continues to exchange at 1 USD to 1,090 NGN at the parallel market, popularly called black. Willing buyers reported buying the US dollar for N1,080 and sold for N1,090. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos. This leaves a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,080 |
| Selling Rate | 1,090 |
What is the Naira to Dollar Black Market Exchange Rate on Saturday November 12th, 2023
As of today Sunday November 12th, 2023, the naira remained steady against the US dollar, and continue to exchange at 1 USD to 1,090 NGN at the parallel market, popularly called black. The dollar had sold at N1,090 yesterday and maintains the rate today. Willing buyers reported buying the US dollar for N1,080 and sold for N1,100. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos. This leaves a N20 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,080 |
| Selling Rate | 1,100 |
What is the Naira to Dollar Black Market Exchange Rate on Saturday November 11th, 2023
As of today Saturday November 11th, 2023, the naira strengthened by 2.75% against the US dollar, to exchange at 1 USD to 1,090 NGN at the parallel market, popularly called black market after government announced that FX speculators will lose big as it plans to flood the market with massive dollar inflow.
Yesterday the dollar sold at N1,120 but gained marginally N30 in 24 hours. Willing buyers reported buying the US dollar between ₦1,050 to N1,080 and selling between N1,090 and N1,100. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos. This leaves an average N10 to N20 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,080 |
| Selling Rate | 1,090 |
What is the Naira to Dollar Black Market Exchange Rate on Friday November 10th, 2023
As of today Friday November 10th, 2023, the naira again crashed by 1.8% against the US dollar, to exchange at 1 USD to 1,120 NGN at the parallel market, popularly called black market. Yesterday the dollar sold at N1,100 at the black market but lost N20 in 24 hours. Willing buyers reported buying one US dollar for ₦1,100 and selling at N1,120. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos leaving a N20 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,100 |
| Selling Rate | 1,120 |
What is the Naira to Dollar Black Market Exchange Rate on Thursday November 9th, 2023
As of today Thursday November 9th, 2023, the naira again crashed in value by 5.33% against the US dollar, to exchange at 1 USD to 1,100 NGN at the parallel market, popularly called black market. Yesterday the dollar sold at N1,030 at the black market but lost N55 in 24 hours. Buyers reported buying one US dollar for ₦1,085 and selling at N1,100. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja leaving a N15 profit margin.
The renewed pressure on the foreign exchange (FX) market intensified yesterday as the naira fell by 13.33% to sell at 1,030 per dollar on the parallel market, also known as black market.
At the Autonomous Foreign Exchange Market (NAFEM), market on Tuesday, naira weakened further as the dollar was quoted at N869.91 as against N809.02 quoted on Monday, data from the FMDQ indicated.
Willing buyers and willing sellers quoted dollar at a spot rate of N1,100 the highest ever and at the low rate of N700/$1 at the official market.
The depreciation of the naira at the NAFEM followed low dollar supply as the daily foreign exchange market turnover declined by 19.08 percent to $70 92 million on Tuesday from $87.65 million recorded on Monday.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,085 |
| Selling Rate | 1,100 |
What is the Naira to Dollar Black Market Exchange Rate on Wednesday November 8th, 2023
QUICK LOAN ARENA reports that as of today Wednesday November 8, 2023, the naira lost 13.33% to the US dollar in the parallel market, also called black market, following decreasing supply of the greenback. Forex traders reported buying the US dollar for N1,020 and selling at N1,030 leaving a profit margin of N10.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,020 |
| Selling Rate | 1,030 |
What is the Naira to Dollar Black Market Exchange Rate on Friday November 6 2023?
As of today Monday November 6 2023, the naira gained big, appreciating 15% against the US dollar. BDC operators reported selling the greenback at N900 compared to N1,300 they sold 10 days ago. Operators buy the greenback between N890 and sell to willing buyers for N900 leaving a profit margin between N10 per dollar.
Multiple Bureau De Change operators who spoke to VERY SERIAL say that the United States greenback has crashed with respect to the Nigerian Naira, adding that the currency is currently trading at N900 to the dollar.
Naira to Dollar: Naira lost 1.3% in Black Market Exchange Rate on Wednesday 2nd November, 2023
QUICK LOAN ARENA is reporting that the naira to dollar exchange rate has appreciated and currently exchanging at N1,165 to a dollar at the black market.
As of today Wednesday November 2 2023, the naira lost 1.3% in value against the US dollar exchanging at 1 USD to 1,165 NGN as against N1,150 it traded on Monday at the parallel market popularly called black market. Bureaux De Change (BDC) operators report that the scarcity of the dollar is graduating receding and helping to strengthen the naira value across Nigeria. Operators buy the greenback for N1,155 and sell for N1,165 leaving a profit margin of N10.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,155 |
| Selling Rate | 1,165 |
Naira to Dollar Black Market Exchange Rate on Tuesday 31st October, 2023
QUICK LOAN ARENA is reporting that the naira to dollar exchange rate has appreciated and currently exchanging at N1,150 to a dollar at the black market.
As of today Tuesday October 31st 2023, the naira appreciated by 10.0% in value against the US dollar in one week, exchanging at 1 USD to 1,150 NGN as against N1,285 it traded last week Wednesday at the parallel market popularly called black market. Bureaux De Change (BDC) operators report that the scarcity of the dollar is graduating receding and helping to strengthen the naira value across Nigeria. Operators buy the greenback for N1,120 and sell for N1,150 leaving a profit margin of N30.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,120 |
| Selling Rate | 1,150 |
Dollar to Naira Black Market Exchange Rate Today Monday 23rd October, 2023
As of today Monday October 23rd, 2023, the naira crashed its value against the US dollar, to exchange at 1 USD to 1,170 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,160 and selling at N1,170. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,160 |
| Selling Rate | 1,170 |
Dollar to Naira Black Market Exchange Rate Today Sunday 22nd October, 2023
As of today Sunday October 22nd, 2023, the naira crashed its value against the US dollar, to exchange at 1 USD to 1,170 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,160 and selling at N1,170. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,160 |
| Selling Rate | 1,170 |
Nigeria’s naira hit a record low of 1,170 per dollar on the black market on Sunday, online platform abokiFX showed, a day after the currency hit a new low on the official market due to persistent dollar shortages.
The naira has been in freefall on the unofficial market, where it trades freely, which worsened after currency restrictions were lifted on the official market.
The naira earlier fell to a record low of 980 naira to the dollar on the official market on Tuesday.
The central bank has said it will intervene in the foreign exchange market occasionally to boost liquidity, after last week ending an eight-year ban on some items that were restricted from accessing dollars on the official market.
Last month, the currency slid past 1,000 naira per dollar on the black market and continued to weaken as excess dollar demand is funnelled into the informal market from the official market.
What is the Naira to Dollar Black Market Exchange Rate on Saturday 21st October, 2023
VERY SERIAL is reporting that naira to dollar exchange rate has continued to crash and is currently exchanging at a record low of N1,170 to a dollar at the black market.
As of today Saturday October 21st, 2023, the naira crashed its value against the US dollar, to exchange at 1 USD to 1,170 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,160 and selling at N1,170. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,160 |
| Selling Rate | 1,170 |
What is the Naira to Dollar Black Market Exchange Rate Thursday 19th October, 2023
QUICK LOAN ARENA ia reporting that naira to dollar exchange rate has crashed to a record low of N1,100 to a dollar at the black market.
As of today Thursday October 19th, 2023, the naira crashed its value against the US dollar, to exchange at 1 USD to 1,100 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,090 and selling at N1,100. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,090 |
| Selling Rate | 1,100 |
Dollar To Naira Black Market Exchange Rate 17th October, 2023
As of today Tuesday October 17th, 2023, the naira strengthened its value against the US dollar, to exchange at 1 USD to 1,040 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,030 and selling at N1,040. This is according to information gathered from Bureaux De Change (BDC) operators in Lagos and Abuja who maintained that the average buying rate of the dollar is N1,030 while the selling price is N1,040 leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,030 |
| Selling Rate | 1,040 |
Dollar To Naira Black Market Exchange Rate 16th October, 2023
As of today Monday October 16th, 2023, the naira maintained its exchange rate with respect to the US dollar, falling in value to record low at 1 USD to 1,050 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,040 and selling at N1,050.
This is according to information gathered by QUICK LOAN ARENA from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N1,040 while the selling price is N1,050 leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,040 |
| Selling Rate | 1,050 |
How much is $1 dollar in Naira now?
How much is $100 dollar in Naira now?
$100 dollar in Naira today is N105,000
Dollar To Naira Black Market Exchange Rate 15th October, 2023
As of today Sunday October 15th, 2023, the naira maintained its exchange rate respect to the US dollar, falling in value to record low at 1 USD to 1,050 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,040 and selling at N1,050. This is according to information gathered by VERY SERIAL REVIEW from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N1,040 while the selling price is N1,050 leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,040 |
| Selling Rate | 1,050 |
Dollar To Naira Black Market Exchange Rate 14th October, 2023
As of today Saturday October 14th, 2023, the naira continue in its free fall with respect to the US dollar, crashing in value to historic low at 1 USD to 1,050 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,040 and selling at N1,050. This is according to information gathered by VERY SERIAL REVIEW from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N1,040 while the selling price is N1,050 leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,040 |
| Selling Rate | 1,050 |
Dollar To Naira Black Market Exchange Rate 13th October, 2023
As of today Friday October 13th, 2023, the naira continue in its free fall with respect to the US dollar, crashing in value to historic low at 1 USD to 1,040 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,030 and selling at N1,040. This is according to information gathered by VERY SERIAL REVIEW from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N1,030 while the selling price is N1,040 leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,030 |
| Selling Rate | 1,040 |
Dollar To Naira Black Market Rate Today: Naira Falls To Record Low N658/$1 At Black Market
According to Investigations by MONEY CABAL, the Nigerian Naira has suffered a terrible plunge with respect to the United States Dollar at the Black Market (also called Parallel Market) with its exchange rate today, 24th July, 2022 standing at N658/$1.
Dollar To Naira Black Market Exchange Rate: Naira Falls To Record Low N658/$1
Exchange rate at the Black Market today, otherwise called parallel market plunged to N658/$1 compared to N630/$1 recorded in the previous trading session. This is according to information obtained from Bureau De Change operators.
1. How Much Is Dollar To Naira Black Market Today
Nigerian Naira Crashes To Record Low N658/$1 At Black Market
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | 658 |
| Buying Rate | 640 |
QUICK LOAN ARENA Black Market Exchange Rate Table TODAY
| $1 | N658 |
| $5 | N3,290 |
| $10 | N6,580 |
| $15 | N9,870 |
| $20 | N13,160 |
| $30 | N19,740 |
| $40 | N26,320 |
| $50 | N32,900 |
| $75 | N49,350 |
| $100 | N65,800 |
| $200 | N131,600 |
| $500 | N329,000 |
| $750 | N493,500 |
| $1,000 | N658,000 |
2. How Much Is Dollar To Naira Today CBN Official Exchange Rate?
Dollar to Naira CBN Official Rate Today.
| Dollar to Naira (USD to NGN) | Official Exchange Rate Today |
| Selling Rate | N415.72 |
| Buying Rate | N414.72 |
Dollar To Naira Black Market Exchange Today: Naira Falls To Record Low N658/$1 At Black Market
Dollar to Naira Black Market, otherwise called parallel market, exchange rate on Friday, the last trading session, crashed to N658/$1 compared to N630/$1 recorded in the previous trading session. This is according to information from Bureau De Change operators.
Nigerian naira, on Friday, fell at the parallel market to N658 per dollar amid higher dollar demand.
The figure represents a depreciation of N38 or 6.13 percent from the N620 it traded last week.
Bureaux De Change operators (BDCs) who spoke to TheCable blamed the depreciation on ongoing foreign exchange (FX) supply constraints.
Traders put the buying price of the dollar at N640 and the selling price at N658, leaving a profit margin of N18.
A street trader explained that the unpredictability of the market is the reason for the depreciation.
“The thing is this; they don’t give it much gap because at any time it can fall. So, by the time you buy higher, and it’s falling, and if it falls, it’s not going to be going be one or two. It’s going to be 10, 15, or 20 naira drop at a go. So, more reason for the margin,” the trader said.
According to the Central Bank of Nigeria (CBN), the parallel market is not a true reflection of the country’s exchange rate.
At the official market, checks by TheCable showed that the buying price stood at N414.72 while the selling price stood at N415.72.
At the end of its monetary policy committee meeting on Tuesday, members urged CBN not to relent in its efforts to encourage foreign exchange inflow to the economy.
Dollar To Naira Black Market Exchange Rate 6th October, 2023
As of today Friday October 6th, 2023, the naira remain steady with respect to the US dollar, maintaining its exchange rate at 1 USD to 1,000 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦992 and selling at N1,000. This is according to information gathered by QUICK LOAN ARENA from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N992 while the selling price is N1,000 leaving a N8 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 992 |
| Selling Rate | 1,000 |
Dollar To Naira Black Market Exchange Rate 5th October, 2023
As of today Thursday October 5th, 2023, the naira continues to strengthen with respect to the US dollar, exchanging at 1 USD to 1,000 NGN at the parallel market popularly called black market, gaining N5 within 24 hours.. Buyers reported buying one US dollar for ₦990 and selling at N1,000. This is according to information gathered by QUICK LOAN ARENA from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N990 while the selling price is N1,000 leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 990 |
| Selling Rate | 1,000 |
Dollar To Naira Black Market Exchange Rate 4th October, 2023
As of today Wednesday October 4th, 2023, the naira strengthened with respect to the US dollar, exchanging at 1 USD to 1,005 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦995 and selling at N1,005. This is according to information gathered by QUICK LOAN ARENA from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N995 while the selling price is N1,005 leaving a N10 profit margin.
How Much is Dollar To Naira Black Market Today 4th October, 2023?
The dollar to naira black market exchange rate today Wednesday October 4th, 2023, trading opened with the naira exchanging at 1 USD to 1,005 NGN at the parallel market popularly called black market. Buyers were buying one US dollar for ₦995 and selling at N1,005, leaving a N10 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 995 |
| Selling Rate | 1,005 |
How Much is Dollar To Naira Black Market Today 29th September, 2023
As of today Friday, September 29th, 2023, the naira continues to tumble in value with respect to the US dollar, exchanging at 1 USD to 1,008 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦1,000 and selling at N1,008. This is according to information gathered by QUICK LOAN ARENA from Aboki FX, an online portal that monitors dollar to naira exchange rate on a daily basis. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N1,000 while the selling price is N1,008 leaving a N8 profit margin.
How Much is Dollar To Naira Black Market Today 29th September, 2023?
The dollar to naira black market exchange rate today Friday September 29th, 2023, trading opened with the naira exchanging at 1 USD to 1,008 NGN at the parallel market popularly called black market. Buyers were buying one US dollar for ₦1,000 and selling at N1,008, leaving a N8 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 1,000 |
| Selling Rate | 1,008 |
How Much is Dollar To Naira Black Market Today 25th September, 2023
As of today Monday, September 25th, 2023, the naira continue to lose value with respect to the US dollar, exchanging at 1 USD to 995 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦985 and selling at N995. This is according to information gathered by QUICK LOAN ARENA from Aboki FX, an online portal that monitors dollar to naira exchange rate. Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N985 while the selling price is N995, leaving a N10 profit margin.
Dollar To Naira Black Market Today Friday 15th September, 2023
As of today Friday, September 15th, 2023, the naira continue to tumble with respect to the US dollar, exchanging at 1 USD to 955 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦945 and selling at N955. This is according to information gathered by VERY SERIAL from Aboki FX, an online portal that monitors dollar to naira exchange rate.
Bureaux De Change (BDC) operators in Lagos and Abuja say the average buying rate of the dollar is N945 while the selling price is N955, leaving a N10 profit margin.
Dollar To Naira Black Market Today Thursday 14th September, 2023
As of Thursday September 14th, 2023, the naira continue to tumble with respect to the US dollar, exchanging at 1 USD to 950 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦940 and selling at N950. This is according to information gathered by QUICK LOAN ARENA from Aboki FX, an online portal that monitors dollar to naira exchange rate. Bureaux De Change (BDC) operators say the buying rate of the dollar is N940 while the selling price is N950 per dollar, leaving a N10 profit margin.
Dollar To Naira Black Market Today Wednesday 10th September, 2023
As of Sunday September 10th, 2023, the naira continue to exchange at 1 USD to 930 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦920 and selling at N930. This is according to information gathered by VERY SERIAL from Aboki FX, an online portal that monitors dollar to naira exchange rate. Bureaux De Change (BDC) operators say the buying rate of the dollar is N920 while the selling price is N930 per dollar, leaving a N10 profit margin.
Dollar To Naira Black Market Today Saturday 9th September, 2023
On Saturday September 9, 2023, the US dollar is trading at the rate of N930/$1 at the parallel market. This implies that 1 US dollar was bought for N920/$1 at the black market and sold to willing buyers at N930/$. The naira depreciation is attributable to an increased demand for the greenback as increased FX inflow has failed to lift dollar reserves and meet demand.
How much is dollar to naira today in black market September 2nd September, 2023?
As of Friday September 1st, 2023, the naira firmed up its value against the greenback to exchange at 1 USD to 915 NGN at the parallel market popularly called black market gaining 0.54%. Buyers reported buying one US dollar for ₦915. Bureaux De Change (BDC) operators say the buying rate of the dollar is N910 while the selling price is N915 per dollar, leaving a N5 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 910 |
| Selling Rate | 915 |
Dollar To Naira Black Market Exchange Rate Today Friday 1st September, 2023
The Nigerian naira on Thursday maintained its value at N920 against the United States dollar at the parallel segment of the foreign exchange (FX) market, otherwise called black market. Dealers reported buying the US dollar from willing sellers at N915/$ while selling at N920/$ to willing buyers.
How much is dollar to naira today in black market September 1st, 2023?
As of Thursday August 31st, 2023, the naira traded against the greenback to exchange at 1 USD to 920 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦920. Bureaux De Change (BDC) operators say the buying rate of the dollar is N915 while the selling price is N920 per dollar, leaving a N5 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 915 |
| Selling Rate | 920 |
How much is dollar to naira today at the Investors’ and Exporters’ (I&E) window September 1st, 2023?
Dollar was quoted at N757.52 on Thursday August 31st, 2023 at the Investors’ and Exporters’ (I&E) window, the country’s official FX market. This implies that the US dollar was purchased at N756.52 and sold at N757.52 leaving a profit margin of N1 per each US dollar sold at the investors’ and exporters’ (I & E) window segment of the market popularly called the official Central Bank of Nigeria (CBN) market. We have published details for exchange rate of naira to one US dollar, One Pounds Sterling, One Euro as well as other trading currencies for Thursday August 31st, 2023.
Find below official exchange rate of a number of currencies to the Naira from the Website of the CBN.
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 8/31/2023 | US DOLLAR | 756.523 | 757.023 | 757.523 |
| 8/31/2023 | POUNDS STERLING | 958.6659 | 959.2995 | 959.9331 |
| 8/31/2023 | EURO | 820.5248 | 821.0671 | 821.6094 |
| 8/31/2023 | SWISS FRANC | 855.0215 | 855.5866 | 856.1517 |
| 8/31/2023 | YEN | 5.1583 | 5.1618 | 5.1652 |
| 8/31/2023 | CFA | 1.3265 | 1.3365 | 1.3465 |
| 8/31/2023 | WAUA | 1077.7789 | 1078.4912 | 1079.2035 |
| 8/31/2023 | RIYAL | 201.6964 | 201.8297 | 201.963 |
| 8/31/2023 | DANISH KRONA | 110.0797 | 110.1525 | 110.2252 |
| 8/31/2023 | SDR | 1006.2512 | 1006.9163 | 1007.5813 |
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
Dollar To Naira Black Market Exchange Rate Today Thursday 31st August, 2023
The Nigerian naira on Wednesday fell to a new low of N920 against the dollar at the parallel segment of the foreign exchange (FX) market, following strong demand for the greenback. Dealers were buying from willing sellers at N915/$ while selling at N920/$ to willing buyers.
How much is dollar to naira today in black market August 31st, 2023?
As of Wednesday August 30th, 2023, the naira lost N5 to exchange at 1 USD to 920 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦920. Bureaux De Change (BDC) operators say the buying rate of the dollar is N915 while the selling price is N920 per dollar, leaving a N5 profit margin.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 915 |
| Selling Rate | 920 |
During the intraday trading on Tuesday, the dollar was quoted at N920/$1, which represents 0.54 percent (N5) depreciation compared to N915 per dollar traded during the morning session.
The exchange rate gap between the official and parallel segments of the foreign exchange market has widened to N150 per dollar from N96/$1 after FX unification in June amid tight supply of the greenback.
The naira on Tuesday fell to N920- N925 per dollar at the parallel market, following strong demand for the greenback. Dealers were buying from willing sellers at N915/$ while selling at N920-N925/$ to willing buyers.
During the intraday trading on Tuesday, the dollar was quoted at N920-N925/$1, which represents 1.09 percent depreciation compared to N915 per dollar traded during the morning session.
How much is dollar to naira today in Investors’ and Exporters’ (I&E) window August 31st, 2023?
Dollar was quoted at N775.34 on Tuesday August 30th, 2023 at the Investors’ and Exporters’ (I&E) window, the country’s official FX market.
Dollar To Naira Black Market Exchange Rate Today Wednesday 30th August, 2023
As of Tuesday August 29th, 2023, the naira continue to exchange at 1 USD to 915 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦915. Bureaux De Change (BDC) operators say the buying rate of the dollar is N900 while the selling price is N915 per dollar, leaving a N15 profit margin.
The Nigerian naira has maintained its value, in the black market relative to the US dollar, closing at N915 to a dollar on Tuesday. The value remained at 915/$ on Tuesday.
How much is dollar to naira today in black market August 30th, 2023?
On Tuesday, August 29th, 2023, buyers in the black market purchased one US dollar for N900 and sold it for N915. Between Monday up to now, the value of the Nigeria Naira remained constant after appreciating by N5 on Friday, August 25th, 2023 when the local currency was exchanged at N915 to a Dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 900 |
| Selling Rate | 915 |
Dollar To Naira Black Market Exchange Rate Today Tuesday 29th August, 2023
As of Monday August 29th, 2023, the naira continue to exchange at 1 USD to 915 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦915. Bureaux De Change (BDC) operators say the buying rate of the dollar is N900 while the selling price is N915 per dollar, leaving a N15 profit margin.
The Nigerian naira has maintained its value, in the black market relative to the US dollar, closing at N915 to a dollar on Monday. This has been the exchange rate since on Thursday. The value remained at 915/$ on Monday.
How much is dollar to naira today in black market August 29th, 2023?
On Monday, August 28th, 2023, buyers in the black market purchased one US dollar for N900 and sold it for N915. Between Friday up to Sunday, the value of the Nigeria Naira remained constant after appreciating by N5 on Friday, August 25th, 2023 when the local currency was exchanged at N915 to a Dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 900 |
| Selling Rate | 915 |
How much is dollar to naira today in black market August 28th, 2023?
On Sunday, August 27th, 2023, buyers in the black market purchased one US dollar for N900 and sold it for N915. Between Friday up to Sunday, the value of the Nigeria Naira remained constant after appreciating by N5 on Friday, August 25th, 2023 when the local currency was exchanged at N915 to a Dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 900 |
| Selling Rate | 915 |
Dollar To Naira Black Market Exchange Rate Today Sunday 27th August, 2023
As of Saturday August 26th, 2023, the dollar to naira exchange rate is 1 USD to 915 NGN at the parallel market popularly called black market. Buyers reported buying one US dollar for ₦915. Bureaux De Change (BDC) operators say the buying rate of the greenback is N900 while the selling price is N915 per dollar, leaving a N15 profit margin.
The Nigerian naira has maintained its value, in the black markey relative to the US dollar, closing at N915 to a dollar on Saturday, after strengthening by 0.54 per cent which represents N5, than the N920 it closed on Thursday. The value remained at 915/$ on Friday and Saturday.
The figure therefore represents a N5 appreciation compared to the N920 it traded on Thursday.
On Saturday, August 26th, 2023, buyers in the black market purchased one US dollar for N900 and sold it for N915. Between Friday and the weekend, the value of the Nigeria Naira remained constant after appreciating by N5 compared to Thursday, August 24th, 2023 when the local currency was exchanged at N900 to a Dollar.
How much is dollar to naira today in black market August 27th, 2023?
On Saturday, August 26th, 2023, buyers in the black market purchased one US dollar for N900 and sold it for N915. Between Friday and the weekend, the value of the Nigeria Naira remained constant after appreciating by N5 compared to Thursday, August 24th, 2023 when the local currency was exchanged at N900 to a Dollar.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 900 |
| Selling Rate | 915 |
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N900 and sell at N915 on Saturday, 26th August 2023, according to data obtained by VERY SERIAL from Bureau De Change (BDC) operators.
Official Exchange Rate from CBN Website for Investors and Exporters FX Window for Friday, 25th August 2023.
Find below official exchange rate of a number of currency to the Naira from the Website of the CBN.
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 8/25/2023 | US DOLLAR | 773.896 | 774.396 | 774.896 |
| 8/25/2023 | POUNDS STERLING | 973.4838 | 974.1127 | 974.7417 |
| 8/25/2023 | EURO | 834.9564 | 835.4958 | 836.0353 |
| 8/25/2023 | SWISS FRANC | 872.7822 | 873.3461 | 873.91 |
| 8/25/2023 | YEN | 5.2847 | 5.2881 | 5.2916 |
| 8/25/2023 | CFA | 1.2547 | 1.2647 | 1.2747 |
| 8/25/2023 | WAUA | 1024.4605 | 1025.1224 | 1025.7843 |
| 8/25/2023 | RIYAL | 206.3062 | 206.4395 | 206.5728 |
| 8/25/2023 | DANISH KRONA | 112.0127 | 112.0851 | 112.1575 |
| 8/25/2023 | SDR | 1029.2043 | 1029.8692 | 1030.5342 |
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
Dollar to Naira Black Market Exchange Rate Today Monday 13/02/2023 [aboki fx rate]
How much is dollar to naira today?
Dollar to Naira Black Market Exchange Rate Today Monday 12/02/2023 – See the latest and up-to-date dollar to Naira CBN rate as well as dollar to naira bank rate today. Find the Aboki dollar rate in Nigeria today, The official CBN dollar rate, latest dollar to naira news, trends, and updates on our platform.
How Much is Dollar to Naira and the official Exchange Rate Today, Monday, 12th March 2023?
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks. The parallel exchange rate (black market rate) always differs from the CBN rate.
United States USD is being traded at ₦754 in Black Market (Lagos) today, Sunday, March 12, 2023. USD has been traded at ₦760 when Black Market opened this week on Monday, March 6, 2023. This makes quite a marginal decline for United States Dollar against Naira this week.
The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website, cbn.gov.ng.
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. These rates are almost always cheaper than those available at the black market otherwise called parallel market.
How much is dollar to naira today in black market?
How much is Dollar to Naira Today? If you have dollars now in Nigeria, you are regarded as an affluent personality. See the current dollar to Naira exchange rate as of today. We compare the Dollar to Naira bank rate vs aboki rate. Dollar to naira exchange bank rate is far lower than the dollar to naira aboki rate. Of course, you know that the exchange rate in banks is different from the exchange rate in the parallel market. See the details below.
Exchange Rate For A Dollar To Naira at the Parallel Market (Black Market) is N754 and sells at N760 On Sunday March 12th, 2023.
Currently, Naira is being exchanged with the dollar at the rate of N754/$1 as at Sunday, March 12th, 2023 at the Parallel Market also known as the Black Market.
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 750 |
| Selling Rate | 754 |
Official Exchange Rate from CBN Website for today Sunday, 12th March 2023.
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 3/9/2023 | US DOLLAR | 460.02 | 460.52 | 461.02 |
| 3/9/2023 | POUNDS STERLING | 546.8258 | 547.4201 | 548.0145 |
| 3/9/2023 | EURO | 486.0571 | 486.5854 | 487.1137 |
| 3/9/2023 | SWISS FRANC | 490.2696 | 490.8025 | 491.3354 |
| 3/9/2023 | YEN | 3.3741 | 3.3777 | 3.3814 |
| 3/9/2023 | CFA | 0.7203 | 0.7303 | 0.7403 |
| 3/9/2023 | WAUA | 608.1165 | 608.7774 | 609.4384 |
| 3/9/2023 | YUAN/RENMINBI | 66.0673 | 66.1396 | 66.2119 |
| 3/9/2023 | RIYAL | 122.5282 | 122.6614 | 122.7946 |
| 3/9/2023 | SOUTH AFRICAN RAND | 24.7558 | 24.7827 | 24.8096 |
The exchange rate between the naira and the US dollar on the black market on March 12th 2023, was an average of N754/$1.
This is according to information from black market traders and QUICK LOAN ARENA investigations.
Why The Dollar To Naira Black Market Exchange Rate (Parallel Market) Is Depreciating As Naira Falls To Record Low N630/$1 At Black Market
The Naira-US dollar exchange rate at the official Investors and Exporters (I&E) market has remained largely stable around the N420/$1 region. On the other hand, the Naira is heading toward N650/$1 on the black market, which has continued its downward trajectory.
QUICK LOAN ARENA recalls earlier, that to defend the naira, the Central Bank of Nigeria (CBN) has introduced some regulations, from barring the sale of dollars to BDCs to the RT200 scheme, which is designed to provide an N65 rebate on export revenues.
Nonetheless, the CBN intervention, the dollar to Naira black market is still at an exorbitantly high rate.
On a year-to-date basis, the reserve has lost $1.37 billion from $40.52 billion in December 2021 to $39.16 billion in June 2022. In the month of June, the external reserve gained $671.63 million, following a $1.1 billion decline in the previous month.
The drop in forex supply contributed to the downtrend in the value of the local currency at the official market, amid the CBN’s interventions.
The persistent pressure on Naira has also been attributed to increased demand for the greenback by the users amid shortage.
