Today’s Dollar to Naira Black Market Exchange Rate

This post will provide you with the most up-to-date information on the current US Dollar to Naira conversion rate and price.

Today’s Dollar to Naira Black Market Exchange Rate

You can also, with this post, know the CBN and black market exchange rate for dollar to naira today. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market.

So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to the CBN or bank rate.

Adding the Abokifx dollar to naira exchange rate in this article can aid you to verify teach of the exchange rate for the currencies you want to exchange in the parallel market as it is one of the most trusted source of black market dollar to naira exchange/conversion rate today.

What is the current dollar to naira exchange price rate in parallel market (USD to NGN Rate)? 

Well, it may interest you to know that Dollar to Naira rate in the black market varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).

Dollar to Naira CBN Exchange Rate Today

The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.

How Much is Dollar to Naira Official Exchange Rate Today

Parallel exchange rate (black market) exchange rate is always different from CBN rate. Currently, Naira is trading at 573 Naira Per Dollar. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate.

As Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.

The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng.

Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rate normally would always be lower than what is obtainable in the black market.

What’s 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.

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