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Dollar to Naira Black market exchange rate & 5 Top Nigerian Business News for May 22, 2024

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Dollar to Naira black market exchange rate today
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What is the Dollar To Naira Black Market Exchange Rate also known as the parallel market (Aboki fx)?

Grey and Geegpay dollar to naira rate today. 

See the black market Dollar to Naira exchange rate, Euro to Naira black market, Pounds to Naira black market for May 22, 2024, below. You can easily swap your dollar for Naira at these rates.

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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) closed yesterday at an average of ₦1,470 per dollar according to the latest data obtained from Bureau De Change (BDC) operators. 

 

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CBN Sacks 50 More Staff, Sparking Anxiety Among Employees

Dollar to Naira Black Market Rate Today.

How much is $1 in Nigeria black market today?

 

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦1,470
Selling Rate ₦1,480 / ₦1,490

Dollar to Naira Online App Exchange Rate.

Do you know that you can convert your naira into dollar or dollar into naira using only App link Geegpay Africa, Grey, Chipper Cash into .

Geegpay dollar to naira exchange rate

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  • EUR (€): Buying at ₦1640.03, Selling at ₦1693.55
  • GBP (£): Buying at ₦1900, Selling at ₦1905
  • USD ($): Buying at ₦1440, Selling at ₦1580.

Grey dollar to naira rate.

  • EUR (€): Buying at ₦1640.03, Selling at ₦1,719.18
  • GBP (£): Buying at ₦1902, Selling at ₦2,015.15
  • USD ($): Buying at ₦1520, Selling at ₦1,590.90.

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 ₦1,480
Selling Rate ₦1,485

 

 

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.

 

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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: ₦1,800
  • Selling Rate: ₦1,805

Euro to Naira black market Today

Euro to Naira exchange rate Today

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  • Buying Rate: ₦1,590
  • Selling Rate: ₦1,600

Latest business news in Nigeria today.

Here are the top business news in Nigeria for today, May 22, 2024.

5 Top Nigerian Business News for May 22, 2024

Nigeria’s Debt Soaring
A recent report suggests that Nigeria’s national debt could escalate to a staggering ₦95 trillion, marking an eightfold increase over the past decade. This alarming rise in debt is raising concerns about the country’s financial stability and future economic policies.

Investor Confidence on the Rise?
Despite the mounting debt issues, there are encouraging signs of renewed investor confidence. Financial experts attribute this optimism to recent market reforms and cleanups that have made the investment climate more appealing. This positive trend could be a pivotal factor in revitalizing Nigeria’s economic prospects.

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Central Bank Hikes Rates Again
In a bid to curb inflation and stabilize the Naira, the Central Bank of Nigeria has raised interest rates for the third consecutive time, setting them at 26.25%. This aggressive monetary policy is aimed at controlling the rising cost of living and bolstering the national currency.

Naira Shows Slight Improvement
The Nigerian Naira has shown some resilience in the foreign exchange market, appreciating by ₦3.31 against the US Dollar in the official market. This slight gain offers a glimmer of hope for the economy, reflecting efforts to stabilize the currency amidst ongoing financial challenges.

Re-thinking Nigeria’s Future
Numerous Nigerian publications are currently engaging in a critical discourse on the nation’s future. Discussions are centered on overcoming the current economic challenges and charting a path towards sustainable prosperity. These conversations are crucial as the country seeks strategies to ensure long-term economic stability and growth.

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