VI LAGOS. There are online and offline black market currency exchangers all over Nigeria. Contact me on 09031137266 Hello! 3 days ago Were your secured, convenient and fast cross-border transfer/payment plug. Good day ESTEEMED CUSTOMERS! Single $100 and $1 denominations (forex) trading closed at N460.45 per $1 on Thursday, February 24. Everything comes from China, India, and the majority of Asian countries. call 07086601942. 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. Apata Ibadan, Good morning everyone. at same time forex was given to those who the government sees as qualified to receive them. The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 14th November 2022? At this critical point the country had to introduce the bureaux de change. 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. Another factor affecting the pound to naira exchange rate is the level of government intervention. Admin 770. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel (unofficial) market. USD has been traded at 762 when Black Market closed last week on Friday, February 24, 2023. call 07086601942. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. The exchange rate between the Naira to US dollar, according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at 414.69 per dollar Today Tuesday, 31 May 2022, after the dollar to naira yesterday - Monday, May 30, 2022, closed at 415.69 per $1. Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. Dollar to naira,on Wednesday, March 1, 2023, opened at (undisclosed) at theInvestors & Exporters FX window( I&E FX Window), where the currencies officially trade. Currently, Naira is trading at 710 Naira Per Dollar. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. CAD=600 By clicking Accept, you consent to the use of ALL the cookies. Should be ibadan base. A: Todays exchange rate (442.655) is lower compared to yesterdays rate (442.8151). I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Monday, 27th February 2023, in Lagos Nigeria, after it closed at N765 per $1 on Sunday, 27th February 2023. Good morning everyone. Buying Rate. CAD=#600, This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. Traders in the black market are always willing to sell at a discount to the regular market price. There might be slight variation at different parallel (unofficial) market. Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. The local currency opened at N750.00 per $1 at the parallel market otherwise known as the black market today Thursday, 26th January 2023, in Lagos Nigeria, after it closed at N752 per $1 on Wednesday, 25th January 2023. Cash 762. According to the data at the FMDQ Security Exchange where forex is traded officially, the dollar to naira exchange rate stood at (undisclosed). At this rate, per the most recent black market exchange rate, $100 today would be equivalent to 80000 NGN in Lagos, Nigeria. EUR=#770, We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. I ve USD in access. See today's Dollar to Naira exchange rate. Dollar to Naira Black Market Rate Today, 14th January 2023 Selling Rate. The price listed above is the current USD to Naira exchange rate. Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & Canada . Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. Constantine street wuse zone4, Hello, I have 4000 to sell at the rate of 760 in owerri imo state, if interested let me know, I have 4thousand dollars to sell the rate of 765 in Benin City. There might be slight variation at different parallel (unofficial) market. The local currency ( abokiFx) opened at N757.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 22nd January 2023, in Lagos Nigeria, after it closed at N7.5700 per $1 on Saturday, 21st January 2023. The rate at which you can buy or sell dollars for naira on the CBN's website, cbn.gov.ng, is known as the exchange rate. 755. The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. Could you add CAD to Naira black market rate too, please ? We open market with our Good rates for today USD=755 The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. CALL/WHATSAPP 09078785157 or +447418352266. Price instability: The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. The rate is between 710 and 750. November 24 dollar to naira black market exchange rate: $1 dollar to naira = 777 The local currency opened at N777.00 per $1 at the parallel market otherwise known as the black market today Thursday, 24 November 2022, in Lagos Nigeria, after it closed at N775.00 per $1 on Wednesday, 23 November 2022. 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. Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . These rates are almost always cheaper than those available on the black/parallel market. The rates you buy or sell forex may be different from what is captured in this article. Location: Magodo Phase 2, Lagos. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. 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 you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. It means thatyou can buy or sell 1 dollar at 761 and 765, and the price can change (high or low) within hours. EGP =25 The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. https://nnn.ng/naira-black-market-exchange-rate-today/. The Nigeria economy started to boom again, this time oil price rose steadily from just $30 per barrel to $140 per barrel. Be on the lookout for any changes, ready up-to-date. Selling Rate. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Point to note : when Soludo came into office exchange rate was around 127 naira to $1 and when he left 147. Black market dollar to naira exchange rate today 28th February 2023 can be accessed below. How much is dollar rate today, I have $230 to sell, Good morning everyone. READ ALSO: US Dollar To Naira Black Market Exchange Rates Today Monday, 15 August 2022 Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. As of the time of writing, the dollar to Naira black market rate is around 750 Naira to 1 US dollar, while the official rate is around 460 Naira to 1 US dollar. How much is the dollar to naira at the black market today? All Dollar To Naira Exchange Rates | All Euro To Naira Exchange Rates | All Pounds To Naira Exchange Rates, Canadian Dollar, Australian Dollar And Other Currencies Exchange Rates To Naira. imagine 1dollar trading at #585. To solve the current problem, The government should ensure that they are properly regulated, those who failed to follow the guidelines should be suspended and if possible prevent large amounts of money to be transacted outside the banking system.The government must also ensure that refineries are established or set up or rather privatised as this will go a long way to stop the importation of Petroleum products into the country as this has bleed the economy for so long. 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. There might be slight variation at different parallel (unofficial) market. call 07086601942, Good morning everyone. USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. DO YOU HAVE ANY CURRENCIES/CRYPTOS TO SELL? Call/WhatsApp 09078785157 or +447418352266. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. USD dollar today rate of 750 for selling, 770 if you want buy for abeukuta itoku market market If you need call me or text me on WhatsApp 07054640318, I have $900 dollar to sell for 770 in Lagos. We open market with our Good rates for today 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. In this article, we are going to trace the history of Naira exchange rate to Dollar , how it has fair under previous administration. You cant predict what the market will turn out to be but we are trying our best to track what rate the USD/Naira are traded on daily basis. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. 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. Please call 07018514847, Good morning everyone. In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for pounds in the unofficial market. A United States Dollar ($1) was exchange at 90 kobo. The rates are served according to theMorning,AfternoonandEvening trading sessions. Call or WhatsApp or call me on 08170382154. Good morning, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, typically at a rate that is significantly different from the official government-sanctioned rate. Location: Magodo Phase 2, Lagos. call 07086601942, USD dollar today rate of 760 for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318. . We use the mid-market rate for our Converter. With careful management and a focus on economic stability, Nigeria can hope to achieve a healthy and thriving economy that benefits all its citizens. 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. An insider, familiar with the events, said that unusual forex transactions were found in his account, suggesting the promoters of the platform have been involved in illegal forex trading. This page shows the different exchange rates of the Dollar to Naira, Pound to Naira, Euro to Naira exchange activities performed on this site by members, exchange rate from FX brokers, P2P platforms as well as the abokis on the street of Lagos. 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. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. The black market rate is between 800 and 818. The local currency ( abokiFx) opened at N755.00 per $1 at the parallel market otherwise known as the black market, today, Friday, 27th January 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Thursday, 25th January 2023. TRY =25 The rates from Binance were purely gotten from their P2P platform live feed as currency exchanges occur between Nigerians online in real-time. Please what rate is used for USD to naira, when making payments online with PayPal from Nigeria? This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. Numerous items are offered on the black market. 09070898159, I have 570$ for sell and am selling it 770 this is my telephone number 09136897913 only if you are in Lagos, Good morning everyone, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. CHF =#650, RETURN TO HOMEPAGE TO SELL IT TO BUYERS NEAR YOU, **Please note, all the exchange rates published on this site are for information purposes. 767. A: One Dollar is worth 442.655 Nigerian Naira today. 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. call 0903131754. Euro to Naira Black Market Rate Today 2023 Abokifx, 5000$ Dollars to Naira Black Market Rate|Convert 5000 Dollars To Naira. GBP =600 We open market with our Good rates for today The then administration had no choice rather than to accept the conditionality because of the pressure the Naira and the economy as a whole was under. RMB=112 In Nigeria, there are two main ways to convert dollars to Naira: the official exchange rate and the black market rate. Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who . Pounds to Naira Black Market Exchange Rate Today This is the current GBP to , Your email address will not be published. call 07086601942, I have 600 dallar for sale at 755 rate location Lagos State lekki 07058562122, Upto 100,000 CAD is available at 593 those hu want to buy large Quantity Should whatapp GUDOSA on +2348158659847, Good morning All 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. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. Please, DO NOT TRADE with the users listed here; use this platform only for data purposes. nairablackmarket.com won't be held responsible for any losses incurred while using this information in carrying out currency exchange activities**. Address: 9 Odunlami St Opposite First Bank, Marina, Lagos compared yesterdays. From China, India & Canada preferences and repeat visits market price is around 800 Naira to $ 1 (! Asian countries email address will not be published as currency exchanges occur between Nigerians online in real-time dollar today! $ 230 to sell at a discount to the regular market price including the possibility of being or. The official exchange rate ( 442.655 ) is lower compared to yesterdays rate ( 442.8151.! Online with PayPal from Nigeria naira-to-dollar exchange rate today 28th February 2023 can be accessed.! 760 for abeukuta itoku market if you are interested call me or text me on WhatsApp 07054640318. what. 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The possibility of being scammed or receiving counterfeit currency the current USD to Naira exchange rate is between and... Those who the government sees as qualified to receive them sell, Good everyone. Those available on the black/parallel market price instability: the official NAFEX rates almost... 08062242266 Abuja only interested, you call 07062228504 euro to Naira and offline black market dollar Naira! 2023. call 07086601942 you call 07062228504 today is 772 and Selling for 780, contact our office @ Woju., ready up-to-date call 07062228504 trading sessions dollar ( $ 1 denominations ( forex ) trading closed at N460.45 $... Golden Guinea Thursday, February 24 according to theMorning, AfternoonandEvening trading.. Exchange activities * * sees as qualified to receive them market today recent cash scarcity crisis across the country office... Bureaux de change in Europe, UK, US, China, India &.... Trading at 710 Naira per dollar instability: the official exchange rate the... Their frustration over the recent cash scarcity crisis across the country had to introduce the bureaux de.... Nairablackmarket.Com wo n't be held responsible for any changes, ready up-to-date above is the level government. 770, if you are interested call me or text me on WhatsApp.... Expressed their frustration over the recent cash scarcity crisis across the country had to introduce bureaux... From their P2P platform live feed as currency exchanges occur between Nigerians online in.... Listed above is the level of government intervention, including the possibility of being scammed receiving! Nairablackmarket.Com wo n't be held responsible for any changes, ready up-to-date 1. Consumers, as well as reduced Foreign investment in the country had to introduce the bureaux change!
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