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Black market Dollar to Naira exchange rate today May 1, 2024: GBP, EUR to Naira

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Dollar to Naira black market exchange rate today
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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 May 1, 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 N1,370 per dollar according to data obtained from Bureau De Change (BDC) operators. 

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Dollar to Naira Black Market Rate Today.

How much is $1 in Nigeria black market today?

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Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1,350
Selling Rate N1,365

CBN exchange rate dollar to Naira today

The CBN exchange rate dollar to Naira today is:

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate 1,255
Selling Rate 1,290

 

 

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.

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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: N1,565
  • Selling Rate: N1,575

Euro to Naira black market Today

Euro to Naira exchange rate Today

  • Buying Rate: N1,355
  • Selling Rate: N1,360

 

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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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Canadian Dollar Rises to Three-Week High Amidst Improving Risk Sentiment and GDP Anticipation

 

The Canadian dollar edged up to a nearly three-week high against its U.S. counterpart as risk sentiment improved and ahead of upcoming monthly GDP data. The loonie was trading 0.1% higher at 1.3556 to the U.S. dollar, or 73.23 U.S. cents, after earlier touching its strongest level since April 10 at 1.3532.

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“It has been a somewhat quiet start to the week, with firmer equity and bond markets underpinning risk sentiment and weighing on the USD more broadly,” said George Davis, chief technical strategist at RBC Capital Markets.

 

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The U.S. dollar lost ground against a basket of major currencies as the yen rose sharply following possible intervention by Japanese authorities. Meanwhile, Wall Street’s main indexes crept higher and U.S. Treasury yields eased for a second straight day. Investors were awaiting a Federal Reserve interest rate decision due on Wednesday, as well as Tuesday’s Canadian GDP data.

 

Economists expect that Canada’s economy grew 0.3% month-over-month in February, after advancing 0.6% in January. Speculators have reduced their bearish bets on the Canadian dollar, according to data from the U.S. Commodity Futures Trading Commission.

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As of April 23, net short positions had decreased to 76,450 contracts after hitting 82,815 in the prior week, the highest level in nearly seven years. The price of oil, one of Canada’s major exports, fell as Israel-Hamas ceasefire talks in Cairo tempered fears of a wider Middle East conflict. U.S. crude oil futures were down 1.7% higher at $82.45 a barrel.

 

U.S. stocks finished higher on Monday with sharp gains for Tesla and Apple leading the way, as investors awaited the Federal Reserve’s policy meeting later this week and its outlook for interest rates.

 

Canadian government bond yields eased across the curve, tracking moves in U.S. Treasuries. The 10-year was down 5.9 basis points at 3.767%, after touching on Thursday a near six-month high.

 

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