Dollar to Naira Black Market Today Tuesday 21/11/2023 – Are you looking for the current dollar to naira exchange rate in today’s black market? If yes, you are in the right place. Here you will also find the current dollar to Naira official CBN rate as well as the dollar-to-naira bank rate today. Find the Aboki dollar rate in Nigeria today, The official CBN dollar rate, and the latest dollar-to-naira news, trends, and updates on this page.
Dollar to Naira Black Market Today
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How Much is Dollar to Naira and the official Exchange Rate Today, 21st November 2023?
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks. The parallel exchange rate (black market rate) always differs from the CBN rate. dollar to Naira
The black market rate for dollars is frequently higher than the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate at which you can purchase or sell dollars for Naira on the CBN dollar-to-naira website, cbn.gov.ng.
The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. These rates are almost always cheaper than those available on the black/parallel market.
How much is dollar to naira today in black market?
How much is Dollar to Naira Today? If you have dollars now in Nigeria, you are a rich man in Nigeria. See the current dollar to Naira exchange rate as of today. We compare the Dollar to Naira bank rate vs aboki rate. Dollar to naira exchange bank rate is far lower than the dollar to naira aboki rate. Of course, you know that the exchange rate in banks is different from the exchange rate in the parallel market. See the details below. Dollar to Naira Today
Dollar to Naira Black Market Rate Today, 21st November 2023
|Dollar to Naira Today (USD-NGN)||Black Market Exchange rate today|
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1135 and sell at N1140 on Monday 21/11/2023, according to kemifilani.ng and other sources at Bureau De Change (BDC).
How much is exchange rate of Dollar to Naira in Black Market today?
According to NaijaNews.com, the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1135 and sell at N1140 on Tuesday, 21st November 2023, according to sources at Bureau De Change (BDC).
Please, note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Aboki dollar to naira today black market
In the parallel market, Aboki refers to the Hausa people who buys and sell dollars in the streets of Lagos and other major cities in Nigeria.
How much is naira to dollar in black market today? Many of the dealers said they have struggled to trade after abokiFX.com, a website that collates parallel market rates in Lagos, stopped publishing parallel market rates on Friday, after the Central Bank of Nigeria threatened its owner.
How much is dollar to naira black market? “A lot of the big players are finding it difficult to trade because abokiFX no longer displays exchange rates anymore.
How much is a dollar to naira in the black market? We now sell based on how we buy. There’s a likelihood that naira might appreciate further by tomorrow because the price of the dollar keeps fluctuating throughout today,” a dealer told PREMIUM TIMES.
US Dollar to Naira Lagos Parallel Market Rates Today
Are you looking for abokifx exchange rate in Nigeria today black market? As of the time of updating this article, the Aboki Dollar to Naira today rates has not been updated. That is the reason we wrote it loading… We will update the aboki exchange rate in Nigeria today 2023 once the figure goes live. Kindly check back to confirm the current rates.
How much is dollar now in Nigeria? You can find out the current dollar to naira black market rate on this page. The dollar to naira today black market can also be referred to as dollar to naira parallel market. Remember that a parallel market, which is the street market, is not always compliant with an institutional set of rules.
The dollar to naira black market rate is higher than the official CBN rate. You will know the official back market rate in the streets. That is, if you have dollars that you want to exchange dollars for naira (sell), the amount is determined by the person who have the dollar to exchange for you. On the other hand, if you want to exchange naira to the dollar (buy), the amount could also be high. Dollar to Naira Today
This is the dollar to naira exchange rate in the streets. It’s also called dollar to naira rate in the parallel market or dollar to naira Aboki rate. Black market money exchangers are local BDC street retailers found in almost all states in Nigeria.
Dollar to naira parallel market
What is aboki exchange rate in Nigeria today? 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 N752.
As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira.
Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. This has weakened Naira to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates. Dollar to Naira Today
Official Dollar to Naira CBN Rate today
See the official dollar to naira government rate today.
Pounds to Naira Today – GBP to Naira Today
Euro to Naira Today
Dollar rate in Nigeria bank (Data Source: CBN.gov.ng).
Dollar to Naira Yesterday and Throughout the Week
What is the Importers and exporters (I&E) FX window Rate.
NAFEX exchange rate today Nigeria – i&e rate today
|DESCRIPTION||RATE ($/₦)||CHANGE (%)||DATE||.|
|Opening||806.25||0.39||November 20, 2023|
|Closing||750.14||-5.26||November 20, 2023|
|SPOT RATE||FORWARD RATE|
|High||1121.00||0.00||November 20, 2023|
|Low||740.08||0.00||November 20, 2023|
The NAFEX rate usd to naira is shown on the FMDQ daily quotation list above.. The exchange rate between the Naira and the US dollar according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at ₦806.25 per dollar on Tuesday, 21st November 2023, after it closed at ₦750.14 per $1. According to the FMDQ fx rate, this represents a change of $-5.26.
What is the I&E fx window rate today? As we speak, the I&E window dollar to Naira rate is N750.14 per dollar.
You might want to ask, what is I&E window meaning? Well,_the I&E FX window is the market trading segment for investors, exporters and end-users that allows for FX trades to be made at exchange rates determined based on prevailing market circumstances.
Many banks in Nigeria buy and sell dollars using the I&E window rate. The benefit of the I&E Window rate is that it leaves a competitive market rate. As speculated, it also gives the opportunity to quote your own selling rate (willing buyer and willing seller).
How much is CBN selling dollar today?
As of today, the Central Bank of Nigeria is selling dollars at N820.683
How CBN regulates Exchange Rates of Dollar to Naira today
According to the Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, the only recognised foreign exchange market in Nigeria is the Importers and exporters (I&E) FX window. This means that the dollar to Naira rate is not fixed as before.