Dollar To Naira Black Market Rate: A parallel market (street market) also known as the black market or Aboki fx is characterized by noncompliant behavior with an institutional set of rules. It is not official.
Note that the Central Bank of Nigeria does not approve the Abokifx and has directed individuals who want to engage in the forex market to engage with their respective banks.
Are you interested in knowing what the Abokifx rates are today? The exchange rate for the dollar in Nigerian banks today? The exchange rate in the parallel market and so on.
Here is detailed information on the dollar-to-naira black market rate today.
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Dollar to naira black market rate is ₦730
How Much Is 1$ In Nigerian Market Today?
The parallel exchange rate (black market) exchange rate is always different from the CBN rate. Currently, Naira is trading between ₦400 – ₦415 Naira Per Dollar according to CBN.
The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. Though commercial banks are higher, they still trade below ₦500 at the beginning of January 2022.
- Dollar to Naira exchange rate is ₦ 414.79 in CBN, ₦ 470.00 in Access Bank, ₦ 413.40 in FX Market, ₦ 378.52 in Moneygram, and ₦ 380.28 in Western Union
- US Dollar to Naira rate recently moves upwards 0.04% in CBN, 0.04% in Access Bank, 0.03% in FX Market, 1.99% in Moneygram.
Nigeria Bank Dollar To Naira Exchange Rates
The 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.
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These rates normally would always be lower than what is obtainable in the black market.
Here is a list of some Nigerian banks’ dollar to the naira exchange rates.
| Bank | Currency | Rate | |
|---|---|---|---|
| Access Bank | USD | ₦ 470 | |
| Ecobank | USD | ₦ 480 | |
| Zenith Bank | USD | ₦ 480 | |
| GTBank | USD | ₦ 480 | |
| UBA | USD | ₦ 510 | |
| CMB | USD | ₦ 480 | |
| Fidelity Bank | USD | ₦ 533 |
Dollar To Naira Black Market Rate Today – Aboki Dollar To Naira 2022
How much is a dollar to naira today?
How much is naira to dollar today in the black market?
The black market commonly referred to as the 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).
You can now See today’s black market dollar to naira exchange rate today. According to Premium Times, the black market rate for the above pair in Lagos today is ₦ 570.
Based on the above information. We are able to arrive at this calculation on the dollar to naira black market exchange rate.
Black Market Exchange Rate
Here is a table containing the Dollar to Naira black market rate today in an increasing number of five.
| $1 | ₦720 |
| $5 | ₦2,850 |
| $10 | ₦5,700 |
| $15 | ₦8,550 |
| $20 | ₦11,400 |
| $25 | ₦14,250 |
| $30 | ₦17,100 |
| $40 | ₦22,800 |
| $50 | ₦28,500 |
| $100 | ₦57,000 |
| $150 | ₦85,500 |
| $200 | ₦114,000 |
| $250 | ₦142,500 |
| $300 | ₦171,000 |
| $350 | ₦199,500 |
| $500 | ₦285,000 |
| $750 | ₦427,500 |
| $1,000 | ₦570,000 |
| $1,500 | ₦855,000 |
| $2,000 | ₦1,140,000 |
| $5,000 | ₦2,850,000 |
| $10,000 | ₦5,700,000 |
How much is $100 US in Naira? How much is 10US Dollar in Naira today?
With the above table, you will be able to answer these questions and more based on the Dollar to naira black market rate today.
Canadian Dollar To Naira Black Market Price
Bear in mind that the Canadian dollar is quite different from the US dollar which is the most popular.
The Canadian dollar is the currency of Canada. The code of the Canadian dollar is CAD. $ is the symbol of the Canadian dollar.
The Parallel market exchange rate (Black market) for the Canadian Dollar is the same all over Nigeria.
Here is the Canadian Dollar to Naira black market price.
| 1 CAD | ₦ NGN | 1 Canadian dollar = 330 Nigerian Naira |
| 10 CAD | ₦ NGN | 10 Canadian dollar = 1,651 Nigerian Naira |
| 50 CAD | ₦ NGN | 50 Canadian dollar = 16,510 Nigerian Naira |
| 100 CAD | ₦ NGN | 100 Canadian dollar = 33,019 Nigerian Naira |
FAQ On Dollar To Naira Black Market Rate Today
How Much Is $100 US In Naira?
Since the Dollar as of today is ₦570 the buying rate according to the Dollar to Naira black market rate today $100 is ₦57,000 in Naira. The selling rate is ₦567, therefore $100 is ₦56,700 in Naira.
But the official market exchange rate from CBN is ₦414.79. $100 is equivalent to ₦41,479 in Naira.
How Much Is 1 Dollar In Nigerian Bank Today?
The exchange rates for all banks according to sources at Bureau De Change (BDC), the Nigerian bank exchange rate differs for every bank.
In Access bank 1 dollar in Nigerian bank, today is ₦470.
What Is 1$ To Naira In Black Market Today?
What is dollar rate in black market?
The Aboki dollar to naira today or the dollar to Naira parallel market rate today for 1$ is ₦570. This is the black market exchange rate in Nigeria today.
As Naira is falling, inflation takes over the economy which usually affects the citizens. The dollar to naira black market rate in Nigeria today is never constant. It continues changing.
Bear in mind that our team is constantly watching the dollar-to-naira black market rate in Nigeria to keep you updated on the new rate on a daily basis.
Let us know your opinion on the parallel/Aboki fx exchange rate in Nigeria, let us also know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future.
Naira rates are enhancing gradually
Naira rates are enhancing gradually