USD=755 During this time there were no need to buy forex in the black market or bureaux de change, exchangers were thrown out the market. Wizkid has finally made his 2013 debut video for his club banger Azonto. call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. We open market with our Good rates for today 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. Our team are constantly monitoring the USD/NGN (Dollar to Naira) exchange rate and updating accordingly. Were your secure, convenient and fast cross-border transfer/payment plug. This would mean that the Nigerian currency either gained or dropped in value against the United States dollar, astheforeign exchange (forex)trading closed atN460.47 per $1 on Monday, February 27. When we check the last 7 days, between 22/02/2023 and 01/03/2023, we see that Dollar to Naira black market rate had values between 730 and 775 with the average 764.00. Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Damilare Famuyiwa is a journalist and media consultant with over seven years experience. A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Today we are buying USD @765 and selling @770 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. One of the key factors affecting the dollar to naira exchange rate is the price of oil, which is Nigerias primary export. Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. RMB=#112, call 07086601942, Good morning everyone. GBP =#600, Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. CALL/WHATSAPP 09078785157 or +447418352266. This information comes from the US Mint. Please, DO NOT TRADE with the users commented here; use this platform only for data purposes. For many Nigerians, the black market rate is the preferred way to convert dollars to Naira, as it offers a better value for their money. Should be ibadan base. Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Here is the USD to Naira exchange rate for today: See the Naira performance across various currencies. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. TRY =25 How Much is Dollar to Naira Official Exchange Rate Today Parallel exchange rate (black market) exchange rate is always different from CBN rate. Apata Ibadan, Good morning everyone. This is coming at a time after the Central Bank hit hard on Abokifx forcing the online portal to shut down it services, https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/, We bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today, being. Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. 770. Exchange Rate of Dollar To Naira in Black Market Today? For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Today we buy Dollar @760 and sell @770-775, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. WhatsApp 08066931689. This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. Good morning. Subsequently the government miraculously obtained a debt relief of. If interested pls contact me on 09067450281. Today we buy Dollar @755 and sell @765. we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. Necessary cookies are absolutely essential for the website to function properly. Note, the dollar is I'm world remit, you can come with your dollar account so we can cash it in, I have 600 dollars for sale @750 Please note that oil price under Sani Abacha regime was hovering around $20 per barrel and Nigeria was faced with numerous economic problems and some level of economic sanctions by the West leaving the government with little amount of dollars to go round the economy. CALL/WHATSAPP 09078785157 or +447418352266. The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. In fact the act allows 1 dollar to equal to 100 cents as seen today. Buy $1 . According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. The existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. READ ALSO: US Dollar To Naira Black Market Exchange Rates Today Monday, 15 August 2022 NgnRates.com cannot guarantee correctness of the rates shared by users listed above. GBP =#600, EUR=#797, This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. These cookies will be stored in your browser only with your consent. The Naira was exchanged at 22 naira for $1 officially. Million of Dollars are printed daily: its on record that over 38 million notes are being printed on daily basis, the worth of this is being pegged at 541 million Dollars. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . Single $100 and $1 denominations This article does not set or determine forex rates. Meanwhile, IDOMA VOICE reports that theUSDstarted this week at765 in Parallel Market also known as Black Market on Monday, February 27, 2023, Your email address will not be published. Check send rates. RMB=70 Whats your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. ASUU Strike: Latest ASUU Strike News Update Today, Leadership Newspaper Today Nigeria News, Naija News Today, 9ja News, Naija Gist, Naija News Now, SEO Blogger Outreach Agency For Guest Posting Services, The Guardian News paper Today Nigeria News. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. Please, DO NOT TRADE with the users listed here; use this platform only for data purposes. The table shows the data and analysis of the variations. Though the exchange rate fluctuates all the time. GBP =600 Today we buy Dollar @780 and sell @785, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. Most Nigerians have argued that the existence of black market has caused more harm than good this has made the government to suspended the sale of dollars to Bureau De Change (BDC). This website uses cookies to ensure you get the best experience on our website. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. Expert now suggests that this gave birth to forex black market. You can find out more about which cookies we are using or switch them off in settings. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. 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. Also, when we checked the peer to peer currency exchange beween Nigerian Naira traders online, the above black market rates were fetched.How Accurate Are These Rates?The rates reflect the true state of the market as we got these rates from the brokers and exchangers without any conversion fees or charges added. But one thing we must understand is that the black market has been in existence for long and they played a significant role in sourcing and selling of dollars to the ordinary Nigerians. Selling Rate. Admin Location: Magodo Phase 2, Lagos. We receive & send to banks in Europe , UK , US , INDIA & Canada . DOLLAR USED BUY_ _(755) --RATE --SELL,,/__(766),,, (PAUND GBP,, RATE BUY (910),,,, SELL (920:): EURO EUR A year ago today, on this day, they provided the equivalent of $1.00 us dollars for 415.96 naira, which is 43.54 less than it is now. call 07086601942, Good day everyone. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. This is for informational purposes only. nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**. It seems Americans don't like to hold on to their coins for long. Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . EUR=#770, Office address:- bulama house, opp zone4 plaza. When we look at last month, USD was traded at at the beginning of last February on Wednesday, February 1, 2023. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. We will always update the latest rate on a daily basis to keep you informed. We have good rate for any currency global business plan I have 600USD to sell for 770 at Ikeja Lagos. All rights reserved. It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. call 07086601942, Good morning everyone. 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. A United States Dollar ($1) was exchange at 90 kobo. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who . Contact us @ 08137444388 Despite attempts by the government to control the black market exchange rate, it continues to persist and has far-reaching implications for the countrys economy and the daily lives of its citizens. We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. USD=#760, More copper are being used to produce the coins as opposed copper. In this market, individuals and businesses are willing to pay a premium for currency, leading to higher exchange rates than those officially sanctioned by the government. The price listed above is the current USD to Naira exchange rate. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market.