Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. The following are the euro to dollar exchange rates today. 750. 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. Dollar to naira exchange rate today black market (Aboki dollar rate): The local currency (abokiFx) 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 N765.00 per $1 on Sunday, 26th February 2023. Parallel market rates (black market rates) are obtained from various sources including online media outlets. Today we buy Dollar @750 and sell @762, 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. This website uses cookies so that we can provide you with the best user experience possible. 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. An exchange rate of N412.76/$1 was the highest rate recorded during intra-day trading before it settled at N410.38/$1, while it sold for as low as N400/$1 during intra-day trading. call 07086601942, I have 700 USD for sale @ 770 rate call 09017413553 Ajah Lagos. GBP =600 TRY =25 See today's Dollar to Naira exchange rate. CAD=#600, Today we buy Dollar @747 and sell @758, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N733 and sell at N740 on Sunday, 9th October 2022, according to sources at Bureau De Change (BDC). They stockpile money in anticipation of a gain, causing the naira to plummet even lower. We will trade it by transfer at the bank through our accounts . Today we buy Dollar @744 and sell @754, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. EUR=#770, Factors Influencing Foreign Exchange Rates IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. Location: Magodo Phase 2, Lagos. The Nigerian government didn't capitalize on the rise in oil prices to build up its reserves. We also use third-party cookies that help us analyze and understand how you use this website. Send to banks in Europe , UK , US , ASIA & Canada in minutes @ ZERO ADDED CHARGES. 747. Contact us @ 08137444388 We sell GBP for 935/, EURO for #820/, USD for 765/$, AUD @ #565, RMB for #115 & CAD for 595/C$. Nigerian Naira fell by -0.14% (-0.630) against the US Dollar as compared to the previous closing exchange rate. 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. Good morning, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. Location is Benin City, University of Benin, phone Number; 09157090598. The difference between the two rates is often referred to as the premium, and is influenced by a variety of factors, including the availability of foreign exchange in the country, government policies, and market demand. 750. EGP =25 This information comes from the US Mint. Office address:- bulama house, opp zone4 plaza. USD=#755, The rates are served according to theMorning,AfternoonandEvening trading sessions. Skip Recommended articles and continue reading . At this rate, per the most recent black market exchange rate, $100 today would be equivalent to 80000 NGN in Lagos, Nigeria. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. The most trusted platform to get the live exchange rates. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. 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. EGP =#25, Rand = #25 Subsequently the government miraculously obtained a debt relief of. The Dollar to Naira Exchange rate at the black market is also known as the parallel market (Aboki fx). 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. Even though the dollar to naira opened in the parallel market at N770 per $1 today . The price listed above is the current USD to Naira exchange rate. 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. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. As Naira is falling, inflation takes over the economy which usually affects the citizens. call 07086601942. Office address: 9 Odunlami St Opposite First Bank, Marina, Lagos. NgnRates.com cannot guarantee correctness of the rates shared by users listed above. That is, these rates would be offered to you whenever you want to sell the currency in your dormiciliary bank account to the BDC or when you want to send money abroad through a currency exchanger or BDC. WhatsApp 08066931689. Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. SAR=180 The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). Eko Hot Blog reports that the exchange rate between the naira and the US dollar today, 28 February 2023 on the black market, opened at an average of N755/$1. You can find out more about which cookies we are using or switch them off in settings. . I have 2000 Dollars for sale @770, if you are interested, you call 07062228504. How much is dollar rate today, I have $230 to sell, Good morning everyone. We have good rate for any currency global business plan It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. but by 1993 after the brahim Babagindas regime came to an end the Naira has sheded much value and was exchange at 11 naira for $1. US Dollar to Nigerian Naira conversion Last updated Feb 28, 2023, 12:59 UTC. Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. GBP=935 Meanwhile, forex turnover at the Investors and Exporters (I&E) window dropped by 5.77% on Friday, 16th July 2021. It is estimated that over $62 million Coins are thrown away by Americans yearly. 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. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. Check send rates Nigerian Naira to US Dollar conversion Last updated Feb 28, 2023, 06:55 UTC Convert Nigerian Naira to US Dollar 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. If you disable this cookie, we will not be able to save your preferences. WANT TO BUY OR SELL CURRENCIES/CRYPTOS? 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. I have dollar to sell at the rate of 770 per dollar in Lagos. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. There are online and offline black market currency exchangers all over Nigeria. CALL/WHATSAPP 09078785157 or +447418352266. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. XAF=#1000, 745. GHS=#40, Today on the black market, 1 Naira () is trading around $730 for purchase and $745 for sale. Disclaimer. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. Hello! Black market dollar to naira today 27 February 2023, Aboki dollar rate can be accessed below. XOF=1100 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. Good morning esteemed customers! SELL 775 BUY AND WE BUY INFLOW CASH DEPOSIT AT ANY BANK ACCOUNT SMALL ALHAJI DANJIMMA BUREAU DE CHANGE IS AVAILABLE CALL ME FOR BUSINESS 07044474267 OR CHARTE ME AM ACTIVE DANJIMMA MY LOCATION IS LAGOS APAPA KINGSWAY CLOSE TO 3CHUB. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. call 07086601942, Good morning All Selling Rate. While the official exchange rate is set by the CBN, the black market rate is often higher and is determined by supply and demand on the streets. CAD=600 Yes he did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices went up again. When we compare last week's numbers with todays (01/03/2023) rate, the average of Dollar to Naira rate saw a 6.5 points decrease from 764.00 to 757.50 which equals to a 0.85% fall. WhatsApp me or call on 08170382154. There would be a lot more clarity after the next monetary policy committee (MPC) meeting tomorrow, the source said. Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. 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. We SEND to banks in EUROPE , UK , US , CHINA , INDIA & CANADA . Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions. AED=170 RETURN TO HOMEPAGE TO SELL IT TO BUYERS NEAR YOU, **Please note, all the exchange rates published on this site are for information purposes. USD=755 The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. These rate normally would always be lower than what is obtainable in the black market. RMB=112 The following is the current United States Dollar (USD) conversion to Euro. This means that Nigerians are likely to spend more buying goods and services in the international market. Abuja. The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Conveniently pay SUPPLIERS , SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. Pls I need someone to teach me how to trade on binance. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. 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