Black Market Exchange Rate can also be referred to as aboki fx rate. The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N394.67/$1. Currencies 6 days ago Parallel market rate and the FX window to converge towards the official rate in 2021 – United Capital report Location matters. This represents a N1 decline from the N474 […] The (USD) dollar to Nigerian Naira exchange rate today varies between the CBN exchange rate and the parallel market (black market) exchange rate. Euros to Naira. Narrowed Gap The averaged exchange rate 375. The dollar to naira black market rate is ₦358. It is called Aboki FX rate because most black market agents are Abokis. USD to NGN forecast at the end of … So the exchange rate they buy and sell dollar for naira is called black market rate. READ: Naira falls big across all forex market despite another $50 million allocation to BDCs The local currency had strengthened by about 7.8% within the one week in September at the black market, as the CBN introduced some measures targeted at exporters and importers, in order to try to boost the supply of dollars in the foreign exchange market, and reduce the high demand for forex by … Remember to bookmark this page as the dollar to naira conversion rate will be updated regularly, due to the fluctuation in naira exchange. How Much is Dollar to Naira Exchange Rates in Black Market for March, 2020: – Buying Rate: 395 / 420 Selling Rate. Going by the CBN exchange rate is pegged at, 1 USD = N315.75 The official exchange rate for the country’s currency, the naira, is around N305 to the dollar. USD rate for today is ₦475 in Black Market(Lagos) today, Wednesday, January 20, 2021. USD at the beginning of the week the opening rate was ₦475 at the parallel market on Monday, January 18, 2021. The Nigerian Black Market exchange rates of Dollars, Pounds, Euros when converted to Naira is very relevant today and continues to be relevant with each passing year. Canadian Dollar to Naira Black Market Exchange Rate – The Naira keeps falling against the US Dollar every day, so everyone has been looking for an alternative foreign currency to trade with.The following is the current Canadian Dollar against the Naira exchange rate. I.e $1 = ₦358. Dollar to Naira Black Market Rate for May, 2019. The dollar symbol ($) was coined from the previously used American currency known as Spanish Peso. Also, the Naira remained stable against the dollar – closing at N476/$1 at the parallel market on Tuesday, December 22, 2020 – as Nigeria’s external reserves lost $437 million in 2 weeks, declining from $35.262 billion as of December 3, 2020, to $34.825 billion as of December 17, 2020. Rates are updated during the day as they change. Daily FX rates against the Dollars (USD), Pound Sterling (GBP), Euro (EUR) and other currencies like (GHS) Ghana Cedis, XAF and XOF Benin and Cameroon Francs Nigerian naira eased to its lowest in 12 weeks on the black market on Monday after the currency fell 1.05% against the U.S. dollar as dealers funnelled unmet demand from official sources to … Nigeria’s currency on Friday fell by N6.17k to an average rate of N496.50k on the black market, as against an average rate of N490.33k it exchanged on Thursday. Related. You can use the comment section to air you view and also the share button to share this post. Rates are updated during the day as they change. This is the lowest the naira has fallen since August 2020 amid persisting scarcity of the greenback. Actual rates may vary slightly based on vendor. See: pounds to Naira Black Market Rate today. A: One Dollar is worth 380.2095 Nigerian Naira today Q: Is the Dollar going up or down against the Nigerian Naira? This makes it 0.00% rise for USD against Naira … Pounds to Naira. Euros to Naira. Dollar to Naira Rate Black Market January 8 2020. Quick Facts To Know About The US Dollar. It simply means the exchange rate of 1 usd to naira on the street. Actual rates may vary slightly based on vendor. The Nigerian currency depreciated to its weakest level since February 2017 in the unofficial black market after the country’s central bank cut supply to dealers. CBN is an acronym for Central Bank of Nigeria. Dollar to Naira Calculator What is Black Market? That it on the dollar to naira exchange rate in parallel market and in black market in July, 2020. Dollar to Naira black market rate today Monday, 17th July 2017 is N364/N368.. Trending Posts. According to Wikipedia, A black market is a clandestine market or series of transactions that has some aspect of illegality or is characterized by some form of noncompliant behaviour with an institutional set of rules.. Dollar to Naira Rate Black Market November 9 2017. Dollar to Naira forecast for January 2021.In the beginning at 378 Nairas. Canadian Dollar to Naira Black Market Exchange Rate 2020. The black market exchange rate of the US dollar to Naira in Nigeria early morning of Wednesday, January 13, 2021, was N474/N470 (buy/sell). Canadian dollar to naira black market exchange rate 2020 cur dollar to naira exchange rate parallel market wetinberate aboki naira rate march 2020 gtbank dollar to naira exchange rate today cur 2020. The naira has strengthened by 6% to 470 per dollar in the parallel market since Monday, according to abokifx.com, while the spot rate weakened 0.6% to 391.90. The (USD) dollar to Nigerian Naira exchange rate today varies between the CBN exchange rate and the parallel market (black market) exchange rate. Comment section to air you view and also the share button to share post... To air you view and also the share button to share this post to this. 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