What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate, Euro to Naira black market, Pounds to Naira black market for April 29, 2024, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos, Abuja and Port Harcourt Parallel Market (Black Market) yesterday closed at an average N1,350 per dollar according to data obtained from Bureau De Change (BDC) operators.Â
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Dollar to Naira Black Market Rate Today.
How much is $1 in Nigeria black market today?
CBN exchange rate dollar to Naira today
The CBN exchange rate dollar to Naira today is:
The Dollar to Naira Bank rate today is also the same as the CBN official rate. The only difference is just one to two naira difference from one bank to another.
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 rates you buy or sell forex at Aboki exchange rate today in Lagos and other Aboki Forex rates may be different from what is captured in this article because prices vary.
Pounds to Naira Today
Pounds to NGN CBN Rate Today
- Buying Rate: N1,570
- Selling Rate: N1,575
Euro to Naira black market Today
Euro to Naira exchange rate Today
- Buying Rate: N1,350
- Selling Rate: N1,360
Meanwhile, at the Lagos Parallel Market, popularly referred to as the Black Market, the exchange rate between the US dollars and the Naira concluded at 1650 per dollar yesterday, as reported by sources in the Bureau De Change (BDC).
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Analysts Issue Warning of Potential Bitcoin Drop to $59,000 Amid Cycle Peak
Renowned market analyst Peter Schiff has raised concerns about Bitcoin’s future trajectory, suggesting that the cryptocurrency could plummet to as low as $59,000 as it approaches its cycle peak.
According to CryptoPotato, Schiff, a seasoned American stockbroker and vocal Bitcoin critic, cautioned that Bitcoin’s current price level is unsustainable as it has reached its cycle peak.
Schiff highlighted $60,000 as a critical resistance level, warning of a significant downward trend if this barrier is not breached.
Bitcoin has been trading in the range of $64,000-$67,000 recently, prompting optimism among crypto enthusiasts who anticipate a rally following the halving event that occurred in the United States last weekend.
However, some analysts are adopting a bearish outlook for Bitcoin. Notably, crypto influencer and trader Ali Martinez predicts that a drop below $63,300 could trigger a further decline to $61,000 or even a two-month low of $59,000.
Mikybull Crypto, another prominent crypto trader, expressed apprehension on X, suggesting that Bitcoin may have already reached its cycle peak and could now face a retreat.
Schiff, a vocal critic of Bitcoin, contends that the cryptocurrency’s current outlook is unfavorable for holders, emphasizing the significance of the $60,000 level as a major resistance zone. He warns that failure to overcome this hurdle could lead to a substantial decline in Bitcoin’s value.
This is not the first time Schiff has forecasted negative outcomes for Bitcoin. He recently predicted that the approval of spot Bitcoin Exchange Traded Funds (ETF) by the United States SEC would halt the BTC rally.
However, Bitcoin’s price has rebounded from $46,000 when the SEC approved the Spot Bitcoin ETF, reaching $64,000 at the time of reporting.
Key Takeaways:
– The Bitcoin halving event, which involves a halving of Bitcoin miners’ rewards, is considered the most significant event in the Bitcoin space this month.
– While the halving event typically sparks a bullish run in the long term and is celebrated by the crypto community, it has had limited impact on Bitcoin’s price, with a peak of $65,000 observed over the weekend.
– Stay tuned to us for Breaking News and Market Intelligence.
