Dollar to Naira Black Market Exchange Rate Today: Find below the current US Dollar to Naira rate today. You’ll also see the CBN & black market exchange rate for dollar to naira. You can decide to change your USD to naira at these rates or convert your dollars to naira at the latest black market rate or parallel market.
The majority of Nigerians prefer to exchange their foreign currencies, especially the Dollars to Naira through the ‘black market’ for obvious reasons: the exchange rate there is very high against what the banks are offering. If you are interested in finding out what the current black market rate is, you’re going to find out in a few minutes if you keep reading.
We’ll also add Aboki fx dollar to naira exchange rates so you can easily verify each of the rates for the various currencies you’d like to exchange in the parallel markets.
Aboki fx is considered the most trusted source on the black market for the dollar to naira exchange. Check below to see their dollar-naira exchange rate for today.
Dollar to Naira Black Market Rate Today
|Dollar-Naira (USD-NGN)||Black Market Exchange Rate Today|
You’re wondering what the current dollar to naira exchange rate in the parallel market is? Well, you should know that the Dollar to Naira rate in the black market usually varies hugely from the rates obtainable on the Central Bank of Nigeria website (www.cbn.gov.ng).
The above-listed price is the current rate at which Dollar is being converted to Naira. We will always keep you posted on the current rates of exchange between those two currencies as they change. The dollar to Naira Exchange Rate table above shows the current exchange equivalent of the United States Dollar. The exchange rates vary for different banks and parallel markets.
What is the Dollar to Naira Official Exchange Rate Today?
The current inflation rate has seen the Naira falling continually against the Dollar which is causing Nigerians such a hard time.
The Black/Aboki market exchange rate is always different from the Central Bank of Nigeria’s rate. At the moment, the Naira is being traded at 710 Naira Per Dollar and the economy is not looking good for it, causing the CBN Governor, Godwin Emefiele to say that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.
The Black Market, otherwise called ‘Aboki market’ rate for dollars is usually higher than that of the banks which is usually regulated by the CBN. The CBN Exchange rate is the preferred rate where you can buy and sell dollars for naira listed on the CBN Dollar-Naira website cbn.gov.ng.
The dollar-Naira bank rate is the one you use when purchasing things from foreign websites using your Nigerian Mastercard or Debit cards. These rates are guaranteed to be lower than what can be obtained in the black market.
What are your thoughts on the current Dollar-Naira exchange rates? What do you think about Godwin Emefiele urging Nigerians to do something about it? We’d love to get your comments.