What is the US Dollar to Naira Exchange rate at the black market today July 23, 2023, which is also known as the parallel market (Aboki fx or Aboki exchange rate)? Find below the black market Dollar to Naira exchange rate for today. You can easily 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 yesterday (Aboki dollar rate):
On Saturday, July 22, 2023, insiders from Bureau De Change (BDC) revealed that the exchange rate between the US dollar and the Nigerian naira witnessed fluctuations across different markets. In the Lagos Parallel Market, commonly known as the Black Market, the buying rate for a dollar stood at N788, while the selling rate was N790. However, at the Investors and Exporters (I&E) window, the dollar to naira exchange rate initially peaked at N787 but eventually closed at N795.
Please note that the Central Bank of Nigeria (CBN) does not officially recognize or endorse the activities of the parallel market, commonly known as the black market, for foreign exchange. The CBN has directed individuals seeking foreign exchange to approach authorized banks for their foreign currency needs.
The dollar to naira black market exchange rate today Sunday, July 23, 2023 is as follows:
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
This means that you can buy 1 dollar for 795 naira, and you can sell 1 dollar for 800 naira at Aboki exchange rate.
Aliexpress dollar to naira exchange rate today
As of today, the exchange rate for the dollar to the Nigerian naira on AliExpress is 776.50 Naira per dollar. If you have a domiciliary account, you have the option to purchase directly from your account. Additionally, AliExpress now allows users to make purchases in Nigerian naira instead of requiring payments in foreign currency.
1000 Naira to dollar conversion rate will give you N800,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦80,000.
How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on July 23, 2023, is as follows:
- Buying rate: N776.50/$
- Selling rate: N777.50/$
This means that you can buy 1 US dollar for N776.50, and you can sell 1 US dollar for N777.50.
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on July 23, 2023, is as follows:
- Buying rate: N800.72/€
- Selling rate: 862.72/€
This means that you can buy 1 euro for 800.72 naira, and you can sell 1 euro for 862.72 naira.
Pound To Naira Black market exchange rate ngnrates.com.
Pound to naira exchange rate at the Investors and Exporters (I&E) window on July 23, 2023:
- Buying rate: 1,048.30 naira
- Selling rate: 1,048.60 naira
This means that you can buy 1 pound for 1,048.30 naira, and you can sell 1 pound for 1,048.60 naira.
The I&E window is the official exchange rate window in Nigeria. It is a platform where authorized dealers can trade foreign exchange. The exchange rate at the I&E window is determined by supply and demand.
Please note that the exchange rate can change at any time, so it is always best to check the latest rates before you make a transaction. You can do this by visiting the website of a reputable currency exchange bureau or by using a currency converter online.
NOVA Merchant Bank secure Approval for Transition to Commercial Banking.
During its 6th Annual General Meeting held in Lagos on Wednesday, NOVA Merchant Bank secured approval from its shareholders to undergo a transition into commercial banking. The decision received unanimous support from the shareholders present.
The bank’s Board of Directors took the opportunity to unveil a comprehensive restructuring plan detailing how NOVA will navigate the shift from being a merchant bank to obtaining a commercial banking license.
Mr. Phillips Oduoza, Chairman of NOVA Merchant Bank, addressed the shareholders during the meeting and emphasized that the transition would lead to more streamlined operations, enhanced financial stability, and sustainable growth across all business segments. He expressed his excitement about the prospects of the bank as it embarks on this new phase of growth.
Expanding on the transition, Mr. Nath Ude, Managing Director of NOVA, highlighted that the new license will enable the bank to broaden its range of financial services throughout Nigeria.
In addition to approving the transition, the shareholders also ratified the bank’s financial results for the full year ended December 31, 2023. Notably, the total assets witnessed a remarkable growth of 14.6%, reaching N279.9 billion compared to the previous year’s N244.2 billion. Furthermore, the profit before tax soared by an impressive 107.9%, closing 2023 at N3.50 billion. Similarly, the profit after tax achieved a substantial growth of 102.9%, rising from N1.58 billion in 2022 to N3.22 billion in the year under review.
To reflect the change in its banking license, the bank announced plans to adopt a new name, signaling its evolution into a commercial banking entity.
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