According to rates from black market accross the country, the dollar to naira parallel market exchange rate in Nigeria today, ranges from 860 to 890 with an average of 875.00.
THE TABLE BELLOW IS LIVE RATES FROM ACCROSS THE COUNTRY
| Currency | Sales Rate | Date | User Nick |
|---|---|---|---|
| 1 USD | ₦ 860 | 06/11/2022 | Alhaja > |
| 1 USD | ₦ 890 | 06/11/2022 | ALHAJI SA.. > |
| 1 USD | ₦ 850 | 05/11/2022 | King Tiga > |
| 1 USD | ₦ 830 | 05/11/2022 | Unique > |
| 1 USD | ₦ 890 | 05/11/2022 | Enaq > |
| 1 USD | ₦ 810 | 05/11/2022 | SkyFxHub > |
Today's Black Market Exchange Rate: Dollar to Naira | USD to Naira
Here is the current USD to Naira black market exchange rate as of today. For the black market and CBN exchange rates respectively, you can exchange your USD for NGN at this rate or use the most recent black market or parallel market rate.
Because the exchange rate on the black market is so much higher than what the bank offers, so many Nigerians prefer to exchange their foreign currencies, especially US Dollars to naira. Here is the page where you can find the current black market price.
You can quickly check each rate for the currencies you wish to exchange in the parallel markets. Thanks to the addition of the Aboki fx dollar to naira exchange rate. The most reliable source for the current black market dollar to naira exchange rate is Aboki FX. Their current exchange rate is available here.
Dollar to Naira Black Market Exchange Rate Right Now
The cost indicated above reflects the current currency rate between the USD and Naira. In order to keep you informed, we will regularly update the current rate. The exchange rate between the US dollar and the naira is the current value of the dollar. For different banks and parallel markets, the rate fluctuates.
Naira depreciation causes the economy to experience inflation, which often has an impact on the populace. Nigerians should aim toward a significant turnaround in the economy, according to Godwin Emefiele, governor of the central bank.
The exchange rate for dollars on the black market, also known as the Aboki market, is typically higher than the rate offered by banks, which is typically controlled by the Central Bank of Nigeria (CBN). The rate at which you can purchase or sell dollars for naira is known as the CBN Exchange Rate and is displayed on the CBN's website, cbn.gov.ng.
When using your Naira Mastercard or Debit card from Nigerian Banks to make purchases from overseas websites, you use the dollar to naira bank rate. These prices are often always less expensive than those found on the illicit market.
What are your thoughts on the black market exchange rate for dollars and naira? Let us know what you think now and how the government and CBN can cooperate to offer fair USD to naira exchange rates in the future.
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