Finance

How much is Dollar to Naira Today? [bank rate / aboki rate]

How much is Dollar to Naira Today? If you have dollar now in Nigeria, you are a rich man. See the current dollar to Naira exchange rate as at today. We compare dollar to Naira bank rate vs aboki rate. Dollar to naira exchange bank rate is far lower than dollar to naira aboki rate. Of course, you know that the exchange rate between bank is different from exchange rate in the parallel market. See the details below.

How much is Dollar to Naira Today? [bank rate / aboki rate]

NGN

USD

BUY / SELL

GBP

BUY / SELL

EUR

BUY / SELL

29/03/2019 357 / 360** 470 / 475** 402 / 406**
29/03/2019 357 / 360* 470 / 475* 402 / 406*
28/03/2019 357 / 360 470 / 475 402 / 406
27/03/2019 357 / 360 470 / 475 402 / 406
26/03/2019 357 / 360 470 / 475 402 / 406

Dollar to naira parallel market

The exchange rate of Dollar to Naira Today is minimal. If you have a dollar to change with Aboki, make sure you confirm the dollar to naira bank rate today so that you will not be cheated. From the table above, you can see that the dollar to naira black market rate is 360.

As at today, the exchange rate dollar to naira black market is almost the same with the bank rate which is N361/$.

Just recently, the Central Bank of Nigeria has injected $195M into the circulation to help cushion the inter-bank forex market. The official cbn exchange rate dollar to naira remains at N361/$ as at today.

We are still wondering why dollar rate in Nigeria black market today is lower than the official rate. However, the gtbank dollar to naira exchange rate is N374/$. It’s slightly higher than the official naira to dollar exchange rate today.

How CBN regulates Exchange Rates of Dollar to Naira today

This the current Dollar to Naira exchange rate as at today. At the moment, naira has appreciated to 364 per United States dollar at the parallel market. This was up from the 365/dollar recorded on Friday.

Figures released by the CBN indicated that the financial regulator offered the total sum of $100m to the wholesale segment, while the Small and Medium Enterprises segment received the sum of $50m.

The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance, among others, received $45m.

The Acting Director, Corporate Communications Department at the Bank, Mr. Isaac Okorafor, while confirming the figures, said the CBN the sale was in continuation of the central bank’s efforts to sustain forex liquidity in the country.

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