These cookies will be stored in your browser only with your consent. 745. Dollar to naira exchange rate today black market (Aboki dollar rate): The local currency (abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 18th January 2023, in Lagos Nigeria, after it closed at N747.00 per $1 on Tuesday, 16th January 2023. There might be slight variations in the different parallel (unofficial) markets. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . Selling Rate. Interestingly at the same time the Pound To Naira Exchange Rate is 915 buy, while you can sell a pound for 906 sell at the black market rate, When we checked on local dealers reports on forex in Lagos and Abuja respectively the Dollar To Naira Exchange Rate remains, 750, this means you can buy Dollar at 750 while you can sell at 745. The currency is by the Coinage Act. 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. But opting out of some of these cookies may affect your browsing experience. Copyright 2021 Kemi Filani Media Ltd. All rights reserved, How Nollywood stars, monarchs, billionaires, turned up for Kwam1s 50years on stage (Video), Ipeleng BBTitans bio, age, nationality, socials, Nelisa BBTitans bio, age, nationality, socials, Actress Ebube Nwagbo age, bio, husband, house, movies, Hannaha Hall (Actress) Wiki, biography, age, height, weight, net worth, UN chief urges investment in people, prioritising education. This represents a change of 0.01%. The exchange rate between the US dollar and the Nigerian Naira significantly impacts the Nigerian economy. 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. We will trade it by transfer at the bank through our accounts . I have about 80000.00 dollars in the bank and will want who will buy it by next week. The parallel (black market) exchange rate is different from the official Central Bank of Nigeria (CBN) rate. Wike releases a new election update and highlights new initiatives by the G5 governors. Premium Times reports that : At the black market in Abuja and Lagos, dealers exchanged the naira at N570.00 per $1 on Thursday. But opting out of some of these cookies may affect your browsing experience. I Cant Believe This Nigerian Mum Finds Unexpected Items inside Childrens School Bags, Shares Video, Pray She Misses Her Period: Is a Baby Coming? Davidos Chioma Spotted Checking Menstrual Cycle Tracking App in Video, Many Ladies, UK Govt Releases List of Companies Approve To Sponsor Skilled Nigerians Ready To Relocate, Five Side Hustles for 9-5 Workers in Nigeria, How to start ecommerce business Steps Guide, CBN Releases Security Features of New Naira Notes as Fake Notes Emerge. Meanwhile, there are claims that Teslas optional full self-driving capability is still in beta, meaning that it is not yet considered a final product. If inflows are high, the naira exchange rate will rise in favour of the naira. Yesterday Saturday 12th November,2022 black market price of dollar to Naira was at N680/$. The local currency opened at N737.00 per $1 at the parallel market otherwise known as the black market today Thursday, 8 December 2022, in Lagos Nigeria, after it closed at N735.00 per $1 on Wednesday, 7 December 2022. 785. Even though the dollar to naira opened in the parallel market at N747 per $1 today, IDOMA VOICE reports . There might be slight variations in the different parallel (unofficial) markets. Taiwanese electronics company which was once Apples key manufacturing partner Foxconn, has appointed a new boss for its company after a chaotic year in China. How much is the Dollar to Naira exchange rate today,20th August 2022? 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. So, each bill and coin you see in circulation has been approved by the presidentwhich is why they sometimes feature his or her portrait on them. 747. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports. You also have the option to opt-out of these cookies. Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. 747. Interest Rates:Another tool to keep an eye on is interest rates. 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IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. What Should You Do to Make the Most of Your City Break? Kemi Filani is a premium online entertainment magazine that shares up-to-date entertainment news, Naija news, movie reviews, music, and lifestyle across Nigeria and Africa. The Central Bank has stated that the Nigerian economy needs a significant turnaround and has asked Nigerians to work toward this goal, such as increasing exports. This leaves a question if devaluation of the Naira under a flexible exchange rate will solve the problem once and for all. 793. Meanwhile, IDOMA VOICE reports that theUSDstarted this week at747 in Parallel Market also known as Black Market on Monday, January 9, 2023, inLagos Nigeria, afteritopened at741 last week Monday, January 2, 2023. The local currency opened atN745.00 per $1 at the parallel market otherwise known as the black market today Tuesday, 10 January 2023, in Lagos Nigeria, after it closed at N747 per $1 on Monday, 9 January 2023. 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Today well look at the Black markets Dollar to Naira Exchange rate. Currency dealers in Abuja Zone 4 market, Nigeria said a dollar were bought at 750 and sold at 745 today , as against 748 it traded yesterday . On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market. How much is the Dollar to Naira Exchange rate at the black market and aboki fx today, 28th December 2022? Todays Yuan to Naira black marketrate: this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Chinese Yuan is currently in Abuja, Kano, Lagos. You can exchange your dollar for Naira at these rates on Thegistday. Investors King understands that the Indonesian government is aggressively encouraging the national automotive industry to develop electric vehicles. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. Your email address will not be published. Everything comes from China, India, and the majority of Asian countries. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily. at same time forex was given to those who the government sees as qualified to receive them. These rates are almost always cheaper than those available on the black/parallel market. There might be slight variation at different parallel (unofficial) market. You have to understand that the Naira is under pressure, leaving the FX market in a constant state of flux. A correspondent, who visited the ever-busy Wuse Zone 4 which is the hub of bureau de change operators in Abuja, observed that the dollar was sold for 745 as opposed to the 750 it was sold for previous. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. This makes it 0.01% rise for United States Dollar against Naira this week. Speculators:Speculators frequently impact the naira-to-dollar exchange rate. Dollar to naira exchange rate today black market (Aboki dollar rate): The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N743 and sell at N747 on Wednesday 18 January 2023, according to sources at Bureau De Change (BDC). Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Black market dollar to naira today 18 January 2023, Aboki dollar rate can be accessed below. This price generated so much uproar, and even led to the senators summoning the Governor of the Central Bank of Nigeria to explain his . If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily. As expected Coin last longer and have a lifespan of 25 years. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. The local currency ( abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 17th January 2023, in Lagos Nigeria, after it closed at N745.00 per $1 on Monday, 16th January 2023. When is Jamb 2023/2024 Starting, Is JAMB Form Out For 2023? Recalled that Soludo banned the Interbank and WDAS markets? See todays Dollar to Naira exchange rate. It is a known fact that many automakers now equip their vehicles with driving assistance features to enhance users driving, but Tesla has gone a step further by claiming that an optional version of its autopilot technology provides full self-driving capabilities. 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). The exchange rate between the naira and the US dollar at the black market appreciated on Friday, 30th December 2022 to trade at an average of N736/$1 Read more CBN to work with SEC to develop joint regulatory framework for regulating ICOs and Stablecoins by Olumide Adesina January 10, 2023 0 Todays Euroto Naira black marketrate: This is the rate at Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, and Lagos. ( USD to NGN ) black market price of dollar to Naira exchange rate different. 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