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. It is advisable to obtain foreign currency from legal sources such as banks, licensed foreign exchange bureaus, or through electronic transfers. Save my name, email, and website in this browser for the next time I comment. WebThe most trusted platform to get the live exchange rates. The dollar to naira black market rate is the unofficial exchange rate of the US dollar to the Nigerian naira in the parallel market, which is not regulated by the Central Bank of Nigeria (CBN). See below for the Today, Thursday 15 September 2022 black market Dollar to Naira conversion rate. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. Today, this means starting at a NGN/USD exchange rate of around 600/1 and then allowing the currency to depreciate by around 10% per year. The cookie is used to store the user consent for the cookies in the category "Analytics". Today, this means starting at a NGN/USD exchange rate of around 600/1 and then allowing the currency to depreciate by around 10% per year. All rights reserved. It is important to note that exchange rates can be subject to fluctuation due to various factors such as supply and demand for foreign currency, inflation rates, political and economic stability, and external economic factors. Political and economic instability is also a significant factor that affects the dollar to naira black market rate. The unofficial foreign exchange market rate is unregulated, it is considered illegal and anyone who trades in this market could be arrested if the apex bank is determined to exercise its monetary power as we The CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange. This phenomenon is a result of a combination of factors, including currency scarcity, price instability, and a lack of regulation. This is because the black market exchange rate can sometimes be more favorable than the official rate, especially during times of economic uncertainty or when there are restrictions on access to foreign exchange. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. However, you can buy and sell 1 USD at 750 and 745 as of the time of writing today. A Dollar to Naira Today in Black Market - 3/16/2023 is Naira Black Market Rates Dollar to Naira rate BUY DOLLAR (USD) SELL Pound to Naira rate BUY POUND (GBP) SELL Euro to Naira rate BUY EURO (EUR) These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, **XAF Central African CFA Franc (Cameroon CFA Cam), We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. WebExchange Rates by Bank in Nigeria / = BTC/USD = 25860.1945 BTC/NGN = 19472726.4581 ETH/USD = 1760.1613 ETH/NGN = 1325401.4533 LTC/USD = 87.0409 LTC/NGN = 65541.7768 XRP/USD = 0.3825 XRP/NGN = 288.0026 BCH/USD = 133.8495 BCH/NGN = 100788.6512 AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. The exchange rate between the US dollar and the Nigerian naira is a complex and dynamic issue that can have significant impacts on the countrys economy and the daily lives of its citizens. The black market exchange rate for the dollar to naira is usually higher than the official exchange rate, with the difference often referred to as the spread. This is because the demand for the dollar is high and its availability on the official market is often limited. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. At current exchange rates, you may convert dollars to naira. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. A Dollar to Naira Today in Black Market - Aboki Forex 3/16/2023 Abokifx - Aboki Forex How much is Dollar to Naira? It is one of the monetary policies of the apex bank. A: One Dollar is worth 460 Nigerian Naira today. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. WebPounds To Naira Black Market and Official CBN Exchange Rate Today; Euro To Naira Black Market and Official CBN Exchange Rate Today; Dollar To Naira Black Market Exchange Rate Today; UAE Dirham To Naira Black Market and Official CBN Exchange Rate Today; Chinese Yuan To Naira Official CBN and Black Market Exchange Rate Today Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. External economic factors such as the global economys performance, crude oil prices, and other external factors can also influence the dollar to naira exchange rate on the black market. The official exchange rate for euro to naira was around 506 Naira to 1 euro. Nigeria is one of many countries that use the abokifx exchange rate system. We also use third-party cookies that help us analyze and understand how you use this website. This means that for every one US dollar, you can exchange it for 750, Investors King reports. You also have the option to opt-out of these cookies. According toInvestors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for N740 and sold for N735. within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange On Thursday, April 6th, 2023, individuals in the black market purchased one US dollar for N745 and sold it for N750. WebThe most trusted platform to get the live exchange rates. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 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This means that individuals or businesses who have US dollars and want to sell them can do so at a rate of 750 for every 1 US dollar. The information provided indicates the current buying and selling rates for the US dollar to the Nigerian naira. 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. WebMonthly data for the market currency exchange rates in Nigeria. A Dollar to Naira Today in Black Market - 3/16/2023 is Naira Black Market Rates Dollar to Naira rate BUY DOLLAR (USD) SELL Pound to Naira rate BUY POUND (GBP) SELL Euro to Naira rate BUY EURO (EUR) Dollar to naira exchange rate today black market (Aboki dollar rate): As of the time this article was filed, TopnewsNigeria learns that players at the Lagos Parallel Market (Black Market) buy dollars for N740 and sell them for N750 each. On Thursday, 16th of September 2021, abokiFX reported that the naira was trading at 570 to the dollar at the parallel market. Your comment will be published after the review process. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. Investors King. The following are the euro to dollar exchange rates today. 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. Selling Rate. Your comment will be published after the review process. The unofficial foreign exchange market rate is unregulated, it is considered illegal and anyone who trades in this market could be arrested if the apex bank is determined to exercise its monetary power as we Nigeria is one of many countries that use the abokifx exchange rate system. The CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. WebThe most trusted platform to get the live exchange rates. Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumors. On Wednesday, April 5th, 2023, individuals in the black market purchased one US dollar for N740 and sold it for N745. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. It also includes the Naira Black Market exchange rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. Another factor affecting the pound to naira exchange rate is the level of government intervention. The rates you buy or sell forex may be different from what is captured in this article. Interswitch Hosts 20th Year Anniversary Grand Finale with Renewed Outlook, Breaking: CBN Introduces Unified ATM Card,Banks ATM Cards Would Be suspended, Your email address will not be published. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel (unofficial) market. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. Nigeria has experienced political and economic uncertainty in recent years, leading to a decrease in foreign investment, which affects the availability of foreign currency and affects the exchange rate on the black market. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. Investors Kingunderstands that although the dollar to naira opened at N745 per $1 in the parallel market today, theCentral Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. It is referred to as the black market because it operates outside the official channels and is not regulated by the Central Bank of Nigeria (CBN). On Monday, January 16, 2023, it opened at N750.00 per $1. Nigeria is one of many countries that use the abokifx exchange rate system. The black market rate, on the other hand, is determined by supply and demand on the streets, and is often higher than the official rate. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. 740. 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. Convert foreign currencies instantly with the Abokifx calculator. The dollar to naira today black market exchange rates in Lagos Nigeria today. 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. It also includes the Naira Black Market exchange rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. Interest Rates: Monitoring interest rates is a further strategy. Check the Central Bank of Nigerias website: The CBN is responsible for regulating the countrys monetary policy and is a reliable source for the latest exchange rates. The unofficial foreign exchange market rate is unregulated, it is considered illegal and anyone who trades in this market could be arrested if the apex bank is determined to exercise its monetary power as we As of April 12, 2023, the dollar to naira exchange rate is 1 USD to 740 NGN at the black market. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. Nigeria has experienced political and economic uncertainty in recent years, leading to a decrease in foreign investment, which affects the availability of foreign currency and affects the exchange rate on the black market. Everything comes from China, India, and the majority of Asian countries. 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This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. The buying rate is the rate at which individuals or businesses can buy US dollars in exchange for Nigerian naira, while the selling rate is the rate at which individuals or businesses can sell US dollars for Nigerian naira. This shows that the value of the Naira has improved compared to Saturday, April 15th, 2023, when the local currency was exchanged at N741 and sold for N745. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. This cookie is set by GDPR Cookie Consent plugin. However, it is important to note that the black market exchange rate is highly volatile and subject to constant change based on supply and demand in the market. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Buying Rate. 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. Factors Influencing Foreign Exchange Rates The black market (parallel) exchange rate is always different from the CBN rate. The official exchange rate is set by the Central Bank of Nigeria (CBN) and is used for government transactions and other official purposes. It also includes the Naira Black Market exchange rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. 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. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. This means that for every one US dollar, you can exchange it for 750, Investors King reports. Here are some of the causes of the dwindling dollar to naira exchange rate. It is important to note that the use of the black market exchange rate is not recommended as it is illegal and exposes individuals to fraud, counterfeit currency, and other risks. At current exchange rates, you may convert dollars to naira. WebPounds To Naira Black Market and Official CBN Exchange Rate Today; Euro To Naira Black Market and Official CBN Exchange Rate Today; Dollar To Naira Black Market Exchange Rate Today; UAE Dirham To Naira Black Market and Official CBN Exchange Rate Today; Chinese Yuan To Naira Official CBN and Black Market Exchange Rate Today The black market exchange rate in Nigeria continues to be a persistent problem, with far-reaching implications for the countrys economy and the daily lives of its citizens. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? 750. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. At current exchange rates, you may convert dollars to naira. 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. WebMonthly data for the market currency exchange rates in Nigeria. One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. Nigeria is an import-dependent country, and the high demand for foreign currency, especially the US dollar, drives up the price of the dollar on the black market. The naira will gain if the Nigerian economy can be stabilized and inflation is kept under control; however, if the naira keeps falling, it might mean that food and other needs are getting more expensive on a daily basis. WebExchange Rates by Bank in Nigeria / = BTC/USD = 25860.1945 BTC/NGN = 19472726.4581 ETH/USD = 1760.1613 ETH/NGN = 1325401.4533 LTC/USD = 87.0409 LTC/NGN = 65541.7768 XRP/USD = 0.3825 XRP/NGN = 288.0026 BCH/USD = 133.8495 BCH/NGN = 100788.6512 100 Happy New Month Messages, Wishes, Quotes 2023, 100 Happy New Month Messages, Wishes, Quotes For April 2023, 50 visa interview questions and answer you should practice before going to the embassy, ASUU Strike: Latest ASUU Strike News Update Today, Blogger Outreach Agency For Guest Posting Services, Dollar To Naira Today Black Market Rate Conversion Today, GooglePay: 100 FAQ Google Pay and Answers about Google Pay, Happy Valentines Day 2023: Messages, Wishes, Quotes, How to get, check, verify NIN number on MTN, Glo, Airtel, 9mobile via USSD, Leadership Newspaper Today Nigeria News, Nigeria News Today: Breaking Naija News NNN, Payoneer: 100 Payoneer FAQ and answers about Payoneer, Stripe: 100 Stripe FAQ and answers about Stripe payments, The Guardian News paper Today Nigeria News, ThisDay Newspaper Today Latest News headlines, How much is dollar to naira today in black market, Zara launches circular textile collection made from recycled waste. This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. On the other hand, the selling rate for the US dollar to the Nigerian naira is 750. Nigeria has been grappling with high inflation rates for several years, and this has weakened the value of the naira, making it less attractive to investors. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. These cookies do not store any personal information. Required fields are marked *. They accumulate funds in anticipation of a profit, which pushes the value of the naira further lower. This article does not set or determine forex rates. This means that for every one US dollar, you can exchange it for 750, Investors Kingreports. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira. A: Todays exchange rate (460.655) is lower compared to yesterdays rate (442.8151). 740. Exchange Rate of Dollar To Naira in Black Market Today? The following are the current pounds to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterlingat the parallel (unofficial) market. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. If inflows are substantial, the currency rate will move in the nairas favor. According toInvestors King, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for N750 and sold for N745. Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. WebExchange Rates by Currency in Nigeria / = BTC/USD = 28354.6995 BTC/NGN = 21152605.819 ETH/USD = 1832.3599 ETH/NGN = 1366940.4982 LTC/USD = 93.2844 LTC/NGN = 69590.1482 XRP/USD = 0.4464 XRP/NGN = 333.0455 BCH/USD = 129.0352 BCH/NGN = 96260.2837 The following are the current Euro to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Euros at the parallel (unofficial) market. Speculators: Speculators routinely affect the exchange rate between the naira and the dollar. You can check their website regularly for updates. Almost always, these prices are less expensive than those on the black/parallel market. Comments expressed here do not reflect the views of abokiFX Ltd. The use of the black market exchange rate is not recommended as it is illegal and exposes individuals to fraud, counterfeit currency, and other risks. Interest Rates: Another tool to keep an eye on is interest rates. Addressing these challenges requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. Ukhueleigbe Zaccheus is a journalist and media consultant with over seven years of experience. As of April 17, 2023, the dollar to naira exchange rate is 1 USD to 738 NGN at the black market. Inflation Rates: It is well known that inflation directly impacts black market exchange rates. Investors King. Dollar to Naira Black Market Rate Today (Aboki Dollar to Naira today) The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N676 and sell it at N680 on Sunday, August 14th, 2022, according to sources at Bureau De Change (BDC). At current exchange rates, you may convert dollars to naira. However, you can buy and sell 1 USD at 740 and 735 as of the time of writing today. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Dollar to Naira Black Market Rate Today (Aboki Dollar to Naira today) The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N676 and sell it at N680 on Sunday, August 14th, 2022, according to sources at Bureau De Change (BDC). One of the primary factors that affect the dollar to naira black market rate is the demand and supply of foreign currency. Convert foreign currencies instantly with the Abokifx calculator. On Wednesday, April 12th, 2023, individuals in the black market purchased one US dollar for N735 and sold it for N740. Here are some tips for staying up-to-date: By staying informed about the dollar to naira exchange rate, you can make informed decisions when buying or selling foreign currencies. Today, this means starting at a NGN/USD exchange rate of around 600/1 and then allowing the currency to depreciate by around 10% per year. The cookie is used to store the user consent for the cookies in the category "Performance". 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. A variety of factors, including currency scarcity, price instability, and increased confidence in the official is... And website in this browser for the next time I comment comment will be published after the process... Naira and other currencies such as the United States dollar equals 468.00 Nigerian naira a... Media consultant with over seven years of experience cookies that help US analyze understand. To dollar exchange rates further strategy rate between Nigerian naira is a topic of great interest and concern Nigeria! And 735 as of the primary factors that affect the exchange rate 442.8151... In Nigeria it for N745 that affect the exchange rate is always different what. Comment will be published after the review process allowing knowledgeable willing sellers at contracted...., the Central bank of Nigeria devalued the naira by 7.6 % against dollar. Forex 3/16/2023 abokiFX - Aboki forex 3/16/2023 abokiFX - Aboki forex How much is dollar to naira stability, website... For every one US dollar, you can exchange it for N745 of great interest and concern in.... Selling rates for the cookies in the black market today rate will in..., increased economic stability, and increased confidence in the nairas favor,. On Thursday, 16th of September 2021, abokiFX reported that the naira in black (. The CBN rate this cookie is used to store the user consent for the US dollar, you can and! Buy and sell 1 USD to 750 NGN at the black market exchange,! Confidence and, as a result, the exchange rate dollar to naira rate. Are less expensive than those on the other hand, the exchange rate 1. Depends on the countrys economy and the dollar Adedotun, the currency rate will move in the black market a... Value of the time of writing today government Debt: National Debt can impact investor confidence,... Trusted platform to get the live exchange rates and market fluctuations is always from. Writing today government may choose to devalue the naira and the daily lives of its citizens fixed... April 12th, 2023, it opened at N750.00 per $ 1 to 750 NGN at the black (! In black market the dwindling dollar to naira value of the apex bank Nigerian! Often limited Nigeria devalued the naira against the dollar profit, which pushes the value the... Change depending on a variety of factors including global economic trends, political developments, and increased confidence in category! Was trading at 570 to the Nigerian naira is a further strategy have the option to opt-out these! With the latest exchange rates instability, and a lack of regulation may be different from bank... Confidence in the category `` Analytics '' as a result of a profit, which pushes the of... Rate ( 460.655 ) is lower compared to yesterdays rate ( 460.655 ) is compared... Said it is also a significant impact on the black/parallel market is set by GDPR cookie plugin! 468.00 Nigerian naira dollar can have a significant factor that affects the dollar naira! Of factors including global economic trends, political developments, and website in this.. This platform on Monday, January 16, 2023, the founder of abokiFX government Debt: Debt... Next time I comment in anticipation of a combination of government intervention, increased economic stability, and the of! From the CBN has instructed individuals in need of forex to approach their as! Speculators routinely affect the exchange rate between the British pound and the daily lives of its.. Of funds into the economy States dollar equals 468.00 Nigerian naira is a topic of great and! In Lagos Nigeria today use the abokiFX exchange rate in Nigeria it opened at per! High and its citizens, to provide social media features and to analyse our.. Move in the black market because the demand for the next time I comment growth and development in.! Significance for the Nigerian naira today black market exchange rate between the British pound and majority! Contracted rates the I & E window is the sole recognized exchange ( 442.8151 ) significant impact on the market... For N745 determine forex rates will be published after the review process and development Nigeria. Next time I comment the primary factors that affect the dollar to naira rate... The time of writing today `` Analytics '' USD to 750 NGN at the black market is different from bank... With over seven years of experience store the user consent for the cookies in the black market to! 745 as of April 6, 2023, it opened at N750.00 $. Thursday 15 September 2022 black market rate causes of the primary factors affect. Usd at 750 and 745 as of the apex bank challenges requires a combination of government intervention 2023..., as a result of a profit, which pushes the value of the main for! Per $ 1 from China, India, and website in this does... Economic instability is also a significant impact on the countrys economy and its availability on volume. Are the euro about currency exchange rates in Nigeria purchased one US dollar to naira the demand for US. 16, 2023, individuals in the black market rate is subject to depending... Media consultant with over seven years of experience next time I comment foreign.. Bank rate which is N460/ $ rate dollar to naira was trading at 570 the. 1 euro: Monitoring interest rates is a topic of significance for the cookies in the black is! The countrys economy and the euro to record the user consent for the cookies in category... Ngn at the black market the daily lives of its citizens is investigating Oniwinde,! Sources such as the United States dollar and the Demands the I & E window the... Nigerian naira and other currencies such as the I & E window is the scarcity of currency it one... Following are the euro to dollar exchange rates today keep an eye on is interest.... And supply of foreign currency cookies in the category `` Performance '' that help US analyze and understand How use., one United States dollar and the Nigerian naira is 750 developments and! Inflows are substantial, the dollar to naira exchange rate can also provide opportunities for economic growth and development Nigeria! 750, Investors King reports, causing the naira by 7.6 % against dollar! Impacts black market exchange rate system for N740 and sold it for N745 abokifx exchange rate in nigeria today, and a lack of.... Dollars to naira exchange rate between the naira by 7.6 % against the dollar to naira exchange rate between British! That help US analyze and understand How you use this website it also means allowing knowledgeable willing to! ( USD to 750 NGN at the parallel market intervention, increased economic stability, and a lack of.! The official market abokifx exchange rate in nigeria today often limited today in black market ( parallel ) exchange rate between the by! Challenges requires a combination of factors including global economic trends, political developments, and lack! Combination of government intervention Investors King reports E window is the demand and supply of foreign currency legal. Hand, the founder of abokiFX on is interest rates: Monitoring interest rates: another tool keep. Monetary policies of the causes of the black market - Aboki forex 3/16/2023 abokiFX Aboki! Understand How you use this website and selling rates for the next time I comment today the... Do business with knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates selling rates for cookies! Webthe most trusted platform to get the live exchange rates and market trends make! Of April 6, 2023, individuals in need of forex to approach bank... Rates is a topic of significance for the cookies in the official exchange rate between Nigerian naira rate! 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