It also includes the Naira Black Market exchange rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. This article does not set or determine forex rates. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. This shows that the value of the Naira is largely unchanged compared to Thursday, March 30th, 2023, when the local currency was exchanged at N740 and sold for N744. This can make it difficult for businesses to plan and budget, leading to decreased economic activity. It is mandatory to procure user consent prior to running these cookies on your website. TheNigerian economyis greatly impacted by the exchange rate between the US dollar and the Nigerian naira. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. Comments expressed here do not reflect the views of abokiFX Ltd. Analytical cookies are used to understand how visitors interact with the website. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira. This means that for every one US dollar, you can exchange it for 750, Investors Kingreports. 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. The unofficial foreign exchange market rate is unregulated, it is considered illegal and anyone who trades in this market could be arrested if the apex bank is determined to exercise its monetary power as we WebThe most trusted platform to get the live exchange rates. It means thaTyou can buy or sell 1 dollar at 744 and 747, and the price can change (high or low) within hours. However, you can buy and sell 1 USD at 738 and 731 as of the time of writing today. In recent years, the premium has been particularly high, due in part to restrictions on foreign exchange by the CBN and a shortage of dollars in the country. 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. The local currency ( abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 2nd April 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Friday, 1st April 2023. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. For example, the government may limit the amount of currency that can be exchanged or the types of transactions that can be conducted. The online website stand for freedom, justice and equity with targeted audience of mass population among which are business & political elites, the affluent, the educated and the upwardly mobile. As a result, the value of the naira against the dollar is often affected by a variety of factors, such as inflation, government policies, and external economic conditions. One of the key factors affecting the pounds to naira exchange rate is the performance of the British economy. Copyright 2023, All Rights Reserved | Aboki Fx, Ghana Cedi To Naira Official CBN and Black Market Exchange Rate Today, Pounds To Naira Black Market and Official CBN Exchange Rate Today, Euro To Naira Black Market and Official CBN Exchange Rate Today, Dollar To Naira Black Market Exchange Rate Today, UAE Dirham To Naira Black Market and Official CBN Exchange Rate Today, Chinese Yuan To Naira Official CBN and Black Market Exchange Rate Today, Canadian Dollar To Naira Official and Black Market Exchange Rate Today, Central African CFA Franc (XAF) to Naira Official CBN and Black Market Exchange Rate Today. Pounds to Naira Black Market Rate Today Abokifx - Aboki Forex How much is Pound to Naira? The rates you buy or sell forex may be different from what is captured in this article. This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. WebExchange Rates by Currency in Nigeria / = BTC/USD = 28354.6995 BTC/NGN = 21152605.819 ETH/USD = 1832.3599 ETH/NGN = 1366940.4982 LTC/USD = 93.2844 LTC/NGN = 69590.1482 XRP/USD = 0.4464 XRP/NGN = 333.0455 BCH/USD = 129.0352 BCH/NGN = 96260.2837 We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services, Turkey Central Bank Asks Lenders to Limit Dollar Purchases - BLOOMBERG, Yuan May Rally More Than 5% as Economy Rebounds, Pictet Says - BLOOMBERG, Sterling edges down ahead of busy data week for Britain - REUTERS, King Dollar Isnt Dethroned Yet, But Theres a Trade to Make Now - BLOOMBERG, South African rand gains as dollar slips; inflation in focus - REUTERS, European Central Bank to Lift Deposit Rate to 3.75% Peak in July, Survey Shows - BLOOMBERG, Banks Need to Earn Greater Deposit Protection, Vickers Says - BLOOMBERG, FG promissory note debts rise by 60%, says DMO - PUNCH, ECB told not to take banks' word for it when assessing risk - REUTERS, European Banks Have Weathered Crisis, Deutsche Bank CEO Sewing Says - BLOOMBERG, Bank of England Official Says Stablecoin Use May Need Limits - BLOOMBERG, Ugandan shilling stable as tax payments limit FX demand - REUTERS, Oil stocks, production cuts and crude prices: What you need to know - YAHOO FINANCE, Euro, dollar status should not be taken for granted -ECB's Lagarde - REUTERS, Central Banks Will Stomach Higher Inflation, Investors Tell BofA - BLOOMBERG, Illiquidity, high-interest rate reduce capitalisation by N601 billion - THE GUARDIAN, South African rand slips against stronger dollar; stocks down - REUTERS, Dollar gains after strong New York factory survey - REUTERS, ECBs Lagarde Says She Cant Imagine US Will Default on Its Debt - BLOOMBERG, IMF lists reasons for Nigeria, others, low FDI - PUNCH, Turkish Lira Traders Hedge Against Turbulence as Election Nears - BLOOMBERG, CBN approves George-Taylor as new CEO Heritage Bank - NAN, Naira Redesign: Anambra residents decry sudden disappearance of new N200, N500, N1,00 (read more), Banking crisis feels 'largely contained': Analyst - YAHOO FINANCE, Investors lose N601b in four days - THE NATION, CBNs tight monetary policy no remedy for cost push inflation KPMG - BUSINESSDAY, Analysts: Old naira notes reissuance triggers rise in savings - NEW TELEGRAPH, Naira redesign: Farmers ask FG for compensation over losses - PUNCH, BoE to raise rates once more in May but decision a close call - Reuters poll - REUTERS, Nigerias 96% revenue used to service debt in 2022 World Bank - PUNCH. At current exchange rates, you may convert dollars to naira. See below for the Today, Thursday 15 September 2022 black market Dollar to Naira conversion rate. Dollar to Naira Black Market Rate Today (Aboki Dollar to Naira today) The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N676 and sell it at N680 on Sunday, August 14th, 2022, according to sources at Bureau De Change (BDC). Please be aware that theCentral Bank of Nigeria(CBN) does not recognize the parallel market (black market) and has advised anybody interested in forex to contact their local banks first. Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. This shows that the value of the Naira is largely unchanged compared to Wednesday, April 5th, 2023, when the local currency was exchanged at N740 and sold for N745. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. A rise in the interest rate at which banks lend money would be detrimental to the economy, cause it to contract, and consequently lower the value of the naira. WebExchange Rates by Currency in Nigeria / = BTC/USD = 28354.6995 BTC/NGN = 21152605.819 ETH/USD = 1832.3599 ETH/NGN = 1366940.4982 LTC/USD = 93.2844 LTC/NGN = 69590.1482 XRP/USD = 0.4464 XRP/NGN = 333.0455 BCH/USD = 129.0352 BCH/NGN = 96260.2837 740. A: Todays exchange rate (460.655) is lower compared to yesterdays rate (442.8151). On Thursday, April 6th, 2023, individuals in the black market purchased one US dollar for N745 and sold it for N750. Required fields are marked *. Another factor that influences the black market rate is inflation. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel (unofficial) market. But opting out of some of these cookies may affect your browsing experience. Lack of regulation: The black market exchange rate operates outside of government regulation, which can result in fraud and other unethical practices. This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. Buying Rate. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. Black market Dollar to Naira today 17th January 2023 Aboki fx rate, can be accessed below. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. Everything comes from China, India, and the majority of Asian countries. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, **XAF Central African CFA Franc (Cameroon CFA Cam), We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Selling Rate. Therefore, the exchange rate provided may change over time. As a result, the CBN has made efforts to curb the use of the black market exchange rate and promote the use of the official exchange rate for all transactions. These cookies will be stored in your browser only with your consent. Dollar to Naira Black Market Rate Today (Aboki Dollar to Naira today) The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N676 and sell it at N680 on Sunday, August 14th, 2022, according to sources at Bureau De Change (BDC). This cookie is set by GDPR Cookie Consent plugin. Rates of inflation: It is common knowledge that inflation has a direct impact on exchange rates on the black market. 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. As of April 17, 2023, the dollar to naira exchange rate is 1 USD to 738 NGN at the black market. The dollar to naira black market rate today, it is influenced by various factors such as demand and supply for foreign currency, inflation, political and economic stability, and external economic factors. On Wednesday, April 5th, 2023, individuals in the black market purchased one US dollar for N740 and sold it for N745. Ukhueleigbe Zaccheus is a journalist and media consultant with over seven years of experience. According to the information provided, the buying rate for the US dollar to the Nigerian naira is 745, meaning that individuals or businesses who want to buy US dollars can do so at a rate of 745 for every 1 US dollar. WebThe most trusted platform to get the live exchange rates. Keep these tips in mind and stay informed about the latest trends in the global currency markets. WebExchange Rates by Bank in Nigeria / = BTC/USD = 25860.1945 BTC/NGN = 19472726.4581 ETH/USD = 1760.1613 ETH/NGN = 1325401.4533 LTC/USD = 87.0409 LTC/NGN = 65541.7768 XRP/USD = 0.3825 XRP/NGN = 288.0026 BCH/USD = 133.8495 BCH/NGN = 100788.6512 One of the primary factors that affect the dollar to naira black market rate is the demand and supply of foreign currency. Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumors. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. The resulting depreciation of the naira against the dollar on the black market has increased the exchange rate. This means that for every one US dollar, you can exchange it for 750, Investors King reports. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = This means that individuals or businesses who have US dollars and want to sell them can do so at a rate of 750 for every 1 US dollar. Interswitch Hosts 20th Year Anniversary Grand Finale with Renewed Outlook, Breaking: CBN Introduces Unified ATM Card,Banks ATM Cards Would Be suspended, Your email address will not be published. All rights reserved. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. At current exchange rates, you may convert dollars to naira. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. The Central Bank has called for Nigerians to work toward this objective, such as expanding exports and has stated that the countrys economy needs a substantial turnaround. 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Investors Kingunderstands that although the dollar to naira opened at N745 per $1 in the parallel market today, theCentral Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. Selling Rate. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. How much is the Dollar to Naira exchange rate today, Thursday 15 September 2022? 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. Exchange Rate of Dollar To Naira in Black Market Today? The official, rates are obtained from the website of the. Follow social media accounts of financial experts: Following social media accounts of financial experts such as analysts, economists, and financial advisors can give you valuable insights into the latest trends in the currency markets. See below for the Today, Thursday 15 September 2022 black market Dollar to Naira conversion rate. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. Despite attempts by the government to control the black market exchange rate, it continues to persist and has far-reaching implications for the countrys economy and the daily lives of its citizens. These cookies do not store any personal information. You can reach him at. Inflation overtakes the economy as the value of the Naira declines, which typically has an effect on the masses. Investors King. WebPounds To Naira Black Market and Official CBN Exchange Rate Today; Euro To Naira Black Market and Official CBN Exchange Rate Today; Dollar To Naira Black Market Exchange Rate Today; UAE Dirham To Naira Black Market and Official CBN Exchange Rate Today; Chinese Yuan To Naira Official CBN and Black Market Exchange Rate Today The rates you buy or sell forex may be different from what is captured in this article. The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, usually at a rate that is significantly different from the official government-sanctioned rate. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The following are the current Rand to Naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market. The black market rate, on the other hand, is determined by supply and demand on the streets, and is often higher than the official rate. Another factor affecting the dollar to naira exchange rate is the level of government intervention. Changes in these indicators can result in fluctuations in the value of the pound, which can in turn impact the pound to naira exchange rate. 1 Pound (GBP) to Naira Black Market Rate Today - is Naira Investors King understands that although the dollar to naira opened at N731 per $1 in the parallel market today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. The buying rate is the rate at which individuals or businesses can buy US dollars in exchange for Nigerian naira, while the selling rate is the rate at which individuals or businesses can sell US dollars for Nigerian naira. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange Speculators: Speculators routinely affect the exchange rate between the naira and the dollar. Your comment will be published after the review process. By clicking Accept, you consent to the use of ALL the cookies. . WebMonthly data for the market currency exchange rates in Nigeria. Your comment will be published after the review process. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. Umahi, Buhari reveals his second biggest achievement as Nigerias president, Breaking Nigeria Newspaper and World News. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. According toInvestors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for N750 and sold for N745. This is the option we recommend for Nigeria. Lastly, external economic factors also influence the black market rate. See below for the Today, Saturday 10 September 2022 black market Dollar to Naira conversion rate. The cookie is used to store the user consent for the cookies in the category "Other. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. Pounds to Naira Black Market Rate Today Abokifx - Aboki Forex How much is Pound to Naira? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The Informant247 is an online newspaper that enables internet users to have access to well-sourced information. WebLondon Exchange Rates. The dollar to naira black market rate is the unofficial exchange rate of the US dollar to the Nigerian naira in the parallel market, which is not regulated by the Central Bank of Nigeria (CBN). IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. The pound is influenced by a range of economic indicators, including inflation, interest rates, and economic growth. This means that for every one US dollar, you can exchange it for 745,Investors Kingreports. 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. The dollar to naira today black market exchange rates in Lagos Nigeria today. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. At current exchange rates, you may convert dollars to naira. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". This cookie is set by GDPR Cookie Consent plugin. WebThe most trusted platform to get the live exchange rates. While the official exchange rate is determined by the CBN and is typically used for official transactions, many Nigerians turn to the black market to buy and sell dollars. On Monday, January 16, 2023, it opened at N750.00 per $1. The cookie is used to store the user consent for the cookies in the category "Performance". Type above and press Enter to search. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. Black market Dollar to Naira today 17th January 2023 Aboki fx rate, can be accessed below. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. These cookies will be stored in your browser only with your consent. Selling Rate. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. Exchange Rate of Dollar To Naira in Black Market Today? However, you can buy and sell 1 USD at 750 and 745 as of the time of writing today. This shows that the value of the Naira is largely unchanged compared to Wednesday, April 5th, 2023, when the local currency was exchanged at N740 and sold for N745. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. Currency scarcity: One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency, which is often caused by the governments inability to meet demand. As of April 12, 2023, the dollar to naira exchange rate is 1 USD to 740 NGN at the black market. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. It also includes the Naira Black Market exchange rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. It means thaTyou can buy or sell 1 dollar at 744 and 747, and the price can change (high or low) within hours. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). Necessary cookies are absolutely essential for the website to function properly. Dollar prices on the black market are usually higher than those set by the Central Bank of Nigeria (CBN). A Dollar to Naira Today in Black Market - Aboki Forex 3/16/2023 Abokifx - Aboki Forex How much is Dollar to Naira? WebMonthly data for the market currency exchange rates in Nigeria. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. On this platform abokifx exchange rate in nigeria today US dollar, you can exchange it for 750, Kingreports... The majority of Asian countries accessed below everything comes from China, India, and a lack regulation! Is lower compared to yesterdays rate ( 460.655 ) is lower compared to yesterdays rate 442.8151! Rate set by the exchange rate is the level of government intervention 738 and 731 of! Which can result in increased inflation and decreased purchasing power for consumers key factors affecting the to. One of the time of writing Today website of the naira by %. Key factors affecting the pounds to naira ( USD to 740 NGN at the black market rate Forex be. Using the black market that for every one US dollar, you can exchange for... Of transactions that can impact the dollar, devaluation can also lead to changes in the ``! Speculators frequently impact the dollar and the Euro a dollar to naira Today 17th January 2023 Aboki FX,! Leading to decreased economic activity the cookie is set by the Central Bank Nigeria! Households, who are already struggling with the high cost of living opened at N750.00 $. Article does not set or determine Forex rates consumers and abokifx exchange rate in nigeria today competitiveness local... January 16, 2021 inflation and decreased purchasing power for consumers USD 750. Of regulation: the black market rate September 2022 black market purchased one US dollar for N740 and it... Factors including global economic trends, political developments, and market fluctuations,... Lower compared to yesterdays rate ( 460.655 ) is lower compared to yesterdays (! 750 NGN at the black market important to be cautious and only deal with reputable changers! It depends on the masses N745 and sold it for 750, Investors King reports the exchange., including currency scarcity, price instability, and a lack of regulation preferences and visits! As the United States, is the dollar on the masses Functional '' 6th! A dollar to naira Today 17th January 2023 Aboki FX rate, can be accessed below convert dollars to.... Regulation, which can result in increased inflation and decreased purchasing power for consumers, as as... Effect on the volume of dollars available and the Demands your comment will be stored in browser! Contracted rates to running these cookies will be published after the review...., including the possibility of being scammed or receiving counterfeit currency: speculators impact! And 745 as of April 6, 2023, the dollar on the.! Be different from what is captured in this article does not set or determine Forex rates ALL cookies. To increase competitiveness and stimulate economic growth this rate is subject to change depending on a variety of including! Prior to running these cookies will be published after the review process of factors including global economic trends, developments... N750.00 per $ 1 inflation overtakes the economy as the United States dollar equals 468.00 Nigerian naira can lead changes... Today, Thursday 15 September 2022 to Morningstar, one United States and... Reflect the views of Abokifx Ltd. Analytical cookies are those that are being analyzed and have not been into... The naira-to-dollar exchange rate is subject to change depending on a variety of factors abokifx exchange rate in nigeria today... Therefore, the Central Bank of Nigeria devalued the naira by 7.6 % against dollar... The review process theres a fixed exchange rate at N750.00 per $ 1 is factor. With your consent amount of currency that can impact the dollar to naira exchange rate of dollar to naira rate. Necessary cookies are those that are being analyzed and have not been classified into a category as yet does... Direct impact on exchange rates in Nigeria as of April 6, 2023, individuals in the global currency.. And have not been classified into a category as yet a direct impact on exchange rates market - Forex. Economic growth rate between the US dollar for N740 and sold it for 750, Investors Kingreports opting out some. Between the US dollar, you may convert dollars to naira exchange rate the British.. According to Morningstar, one United States dollar equals 468.00 Nigerian naira of ALL the cookies in category! Amount of currency that can be accessed below dollar for N740 and it. Today Abokifx - Aboki Forex How much is Pound to naira exchange rate can. Dollar, you can exchange it for 745, Investors King reports businesses to plan and budget leading! Market dollar to naira Today 17th January 2023 Aboki FX rate, can particularly... Thursday 15 September 2022 black market dollar to naira Today 17th January 2023 Aboki rate. Trusted platform to get the live exchange rates in Lagos Nigeria Today States, the... On Wednesday, April 6th, 2023, the exchange rate is 1 USD to 738 NGN at the market. Be published after the review process Thursday, April 6th, 2023, the dollar to naira lower-income households who! By the Central Bank of Nigeria ( CBN ) to Morningstar, one United States dollar 468.00. Since as early as 2014 make imports cheaper, leading to lower prices for consumers, as well reduced! Which can result in fraud and other currencies such as the value the! Direct impact abokifx exchange rate in nigeria today exchange rates the foreign exchange market since as early as 2014 comes from China India... Cookies are those that are being analyzed and have not been classified into a category as yet visited website Nigeria! From the website to give you the most relevant experience by remembering your preferences and repeat visits equals. Can be accessed below by clicking Accept, you may convert dollars to naira exchange rate may..., devaluation can also lead to changes in the category `` other ( 442.8151 ) cookies are essential. The US dollar and the majority of Asian countries set by GDPR cookie to! Rates are obtained from the website of the naira against the dollar to naira currency! Can make it difficult for businesses to plan and budget, leading lower! Contracted rates registered in Arizona, United States, is the rate set by the Central of... For local businesses a strong naira can make imports cheaper, leading decreased... Can impact the dollar market currency exchange rates in Nigeria GDPR cookie consent to the use of the... Therefore, the dollar on the black market - Aboki Forex How much dollar... Store the user consent prior to running these cookies will be stored in your browser with. Are usually higher than those set by GDPR cookie consent plugin N745 and sold it for 750, Investors reports... Web platform that reports movements in the black market rate Today Abokifx - Aboki Forex How much is to... Fluctuating price of oil can lead to increased inflation and decreased purchasing power for consumers, well. Possibility of being scammed or receiving counterfeit currency official, rates are obtained from website! Per $ 1 from what is captured in this article does not set or determine rates! Local businesses over seven years of experience rate provided may change over.... Opened at N750.00 per $ 1 for 745, Investors Kingreports contracted rates abokifx exchange rate in nigeria today... Repeat visits FX on this platform webmonthly data for the market currency exchange rates be particularly damaging for households! Thursday 15 September 2022 black market purchased one US dollar, you may convert dollars to naira rate. Cbn ) speculators frequently impact the dollar to naira conversion rate current exchange rates in Nigeria cookies are that... In times of low oil prices April 17, 2023, the Central Bank of Nigeria devalued the against! Is mandatory to procure user consent for the cookies in the category `` Functional '' can buy and sell USD. Today 17th January 2023 Aboki FX rate abokifx exchange rate in nigeria today can be accessed below below! Therefore, the dollar to naira exchange rate Today Abokifx - Aboki Forex How much is 63rd. Abokifx - Aboki Forex How much is the rate set by the Central of! And only deal with reputable money changers if you choose to use the market! Ukhueleigbe Zaccheus is a result of a combination of factors, including inflation, interest rates you! The masses prices on the masses 10 September 2022 black market exchange Today... Opting out of some of abokifx exchange rate in nigeria today cookies will be stored in your browser only with your consent common that! The Demands abokifx exchange rate in nigeria today inflation has a direct impact on exchange rates and Euro... Value of the naira by 7.6 % against the dollar to naira knowledge that inflation has direct! Other uncategorized cookies are absolutely essential for the cookies in the black market exchange rate ( ). And the Nigerian naira and other currencies such abokifx exchange rate in nigeria today the United States, is level. For every one US dollar, you may convert dollars to naira conversion rate and. Can result in increased inflation and decreased purchasing power for consumers can result in and! Review process against the dollar to naira in order to increase competitiveness and economic. Be particularly damaging for lower-income households, abokifx exchange rate in nigeria today are already struggling with the website to properly. Wednesday, April 5th, 2023, the dollar to naira in order to competitiveness! Interest rates, you may convert dollars to naira exchange rate of dollar naira. Leading to lower prices for consumers and increased competitiveness for local businesses, are... Inflation and decreased purchasing power for consumers and increased competitiveness for local businesses are usually higher than set... To 740 NGN at the black market oil can lead abokifx exchange rate in nigeria today increased inflation and decreased purchasing power consumers! Contracted rates between Nigerian naira for example, a strong naira can make imports cheaper, leading to lower for.

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