What is the Dollar To Naira Black Market Exchange Rate Today April 24, 2023 also known as the parallel market (Aboki fx)? See the black market Dollar to Naira exchange rate 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 yesterday Sunday 23rd April 2023 at Parallel Market (Black Market) players buy a dollar for N745 and sell at N749 , according to sources at Bureau De Change (BDC).
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 exchange rate of the Nigerian naira to the dollar has been a great concern for many Nigerians.
1 Dollar To Naira Black Market Exchange Rate Today April 24, 2023.
| how much is dollar to naira black market (USD to NGN rate) | USD to naira black market today |
| Buying Rate | ₦ 745 |
| Selling Rate | ₦ 748 |
Therefore, 1000 Naira to dollar conversion rate will give you N748,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦75,00.
How much is Euro to naira today in black market.
| Euro to naira today (€) | Euro to naira today black market exchange rate. |
| Buying | ₦ 798 |
| Selling | ₦ 802 |
How much is Pound to naira today in black market.
| Pound to naira today (£) | pound to naira today black market exchange rate. |
| Buying | ₦ 906 |
| Selling | ₦ 910 |
The Canadian Dollar to Naira black market exchange rate today is N688/1c$
Rand to Naira
Today’s Rand to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Rand is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
| Rand to Naira (ZAR to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦35 |
| Selling Rate | ₦39 |
Dirham to Naira
Today’s Dirham to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Dirham is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
| Dirham to Naira (AED to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦188 |
| Selling Rate | ₦167 |
Yuan to Naira
Today’s Yuan to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Chinese Yuan is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
| Yuan to Naira (CNY to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦88 |
| Selling Rate | ₦91 |
Ghanaian Cedi to Naira
Today’s Ghanaian Cedis to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Ghanaian Cedis is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
| Cedi to Naira (GHS to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦68 |
| Selling Rate | ₦75 |
CAD to Naira Black Market
What is the current Black Market Dollar To Naira Exchange Rate Today or the parallel market? Well, it may interest you, how much is dollar to naira Black Market Exchange rate for today sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).
The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.
How Much is 1 dollar to naira Official Exchange Rate Today.
Parallel exchange rate (black market) exchange rate is always different from CBN rate. Currently, Naira is trading at average of 461 naira per dollar. The Nigerian Economy is drastically affected by the Dollar to Naira Black Market Exchange rate.
The following is Interbank dollar to naira rate
| 1 Dollar to Naira Today (USD to NGN rate) | Official dollar to naira rate |
| Buying Rate | 462 |
| Selling Rate | 465 |
- 1 Euro to naira today official rate is 486 per €1
- 1 Pounds to naira today official rate is N546 per 1£
Dollar to Naira Bank rate today.
Banks in Nigeria sell dollars between 545 to 569 to a dollar.
Seven banks receive 6.9m customer complaints in 2022.
Cadbury Nigeria Plc has reported a 30 percent increase in revenue for the first quarter of this year.
According to the Un-audited Interim Financial Information released on Sunday, the firm has made a disclosure.
Cadbury has reported a revenue of N16.56 billion for the first quarter of this year. The company has reportedly generated N16.55 billion, indicating an increase of N3.77 billion compared to the N12.78 billion generated during the corresponding period in the previous year.
In the first quarter of 2023, the company incurred a production cost of N10.20 billion for its goods.
Cadbury’s production expenditure in the same period of 2023 has increased by N650 million compared to the previous year, reaching a total of N10.2 billion.
Cadbury is a well-known brand that offers a range of popular beverages and confectionery products. Among their offerings are Bournvita and 3-in-1 Hot Chocolate beverages, as well as a variety of gums such as TomTom, Candy Caramel, Candy Coffee, Buttermint, and Clorets.
Dollar To Naira Black Market Exchange Rate Today April 24, 2023.
Ejes Gist News Nigeria Despite the increase in production costs, Cadbury managed to achieve a growth in profits during the period, according to sources in Nigeria.
Cadbury, the popular confectionery company, has reported a significant increase in gross profit for the first quarter of 2023. According to the company’s financial report, Cadbury’s gross profit for Q1 2023 stood at N6.35 billion, representing a whopping 97 percent increase from the N3.23 billion recorded in the same period last year. This impressive growth is a testament to the company’s commitment to delivering quality products and services to its customers.
In Q1 of this year, the company reported a significant increase in profit after tax, rising by 124 percent year-on-year to N3.45 billion. This is in comparison to the N1.54 billion net profit reported in the same period in 2022.
Dollar To Naira Black Market Exchange Rate Today April 24, 2023
Dollar to Naira Quagmire.
For both Nigerians and foreign investors, the black market exchange rate between the US dollar and the Nigerian naira has been a constant source of worry.
Nigeria, which has a population of over 200 million people and an economy that is dependent on oil to maintain its economic stability. However, a number of factors, including inflation, a dearth of foreign investment, and a lack of foreign exchange reserves, have had an impact on the value of the naira.
As a result, many Nigerian citizens and companies are now forced to turn to the black market in order to obtain foreign currency. The difference between the official exchange rate and the actual value of the naira on the international market is frequently reflected in the black market exchange rate, which is determined by market forces.
The price of goods and services in Nigeria, business profitability, and the nation’s overall economic stability can all be significantly impacted by this rate. Therefore, anyone looking to operate in Nigeria’s financial sector must understand the dynamics of the dollar to naira black market exchange rate.
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Facts influencing exchange rate.
The following are some of the factors that can influence exchange rate in Nigeria.
Political Stability: Any insecurity or uncertainty in a country’s political climate can have an impact on its currency. If there is political unrest or uncertainty in Nigeria, for example, the Naira may weaken.
Economic Performance: A country’s currency can be influenced by the strength of its economy, which includes factors such as inflation, interest rates, and economic growth. If the Nigerian economy performs well, the Naira will likely strengthen.
Foreign Investment: Foreign investment in a country can have an effect on its currency. If foreign investors have faith in the Nigerian economy, they may invest more, causing the Naira to strengthen.
International Trade: Nigeria’s international trade activities, such as the export and import of goods and services, can also have an impact on the country’s currency. A high volume of exports may increase demand for the Naira, thereby strengthening its value.
What’s your Opinion on Dollar To Naira Black Market Exchange Rate Today April 24, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future.
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Thanks for using our platform to learn about the latest CBN exchange rate dollar to naira, Black Market Exchange rate for today April 24, 2023.
