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Dollar to Naira black market exchange rate today June 12, 2023 | Aboki Exchange rate

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Dollar to naira today black market exchange rates
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The dollar to naira black market exchange rate today and Aboki exchange rate for today Monday June 12, 2023.

 

Ejes Gist News Nigeria bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today

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The value of Naira to Dollar exchange rate at black market is influenced by various economic and political factors, which determine the exchange rates on any given day. Additionally, there exists an unofficial exchange rate, known as the dollar to naira black market exchange rate, which is frequently higher than the official rate.

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Have you ever asked “how much is Dollar to Naira exchange rate?” in this article you will learn the latest value for the Dollar to Naira exchange rate in black market today.

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Having the full knowledge on how much USD to NGN black market exchange rate today, will give you a better opportunity to plan and make the right decisions.”

Dollar to naira exchange rate today black market | Aboki Exchange Rate Today dollar to naira

Experts in the Bureau de Change (BDC) industry revealed on Friday, June 9, 2023 that the current aboki exchange rate today for the US dollar to naira on the Parallel Market closed at ₦765 per dollar.

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1 Dollar To Naira Black Market Exchange Rate Today June 10, 2023.

how much is dollar to naira black market (USD to NGN rate) USD to naira black market today 
Buying Rate ₦ 762
Selling Rate ₦ 765

 

Therefore, 1000 Naira to dollar conversion rate will give you N765,000.

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 ₦76,500

Naira to dollar crashes to all time low at black and Official windows

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Please note that the Central Bank of Nigeria (CBN), as the apex bank, does not acknowledge the parallel market (black market) and has directed Nigerians seeking to engage in Forex to approach their respective banks. Regrettably, due to the corrupt nature of Nigerian banks, it may take up to 70 days to obtain dollars through official channels. As a result, the black market remains the most dependable means of accessing dollars.

How much is Euro to naira today in black market.

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Euro to naira today (€) Euro to naira today black market exchange rate.
Buying ₦ 797
Selling ₦ 903

 

How much is Pound to naira today in black market.

Pound to naira today (£) pound to naira today black market exchange rate.
Buying ₦ 909
Selling ₦ 917

 

The Canadian Dollar to Naira black market exchange rate today is N799/1c$

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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 ₦39
Selling Rate ₦72

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 ₦177
Selling Rate ₦179

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.

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Yuan to Naira (CNY to NGN) Black Market Exchange Rate Today
Buying Rate ₦97
Selling Rate ₦90

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 ₦79
Selling Rate ₦73

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).

 

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Dollar to Naira Black Market Exchange rate

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 771 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 464

 

  • 1 Euro to naira today official rate is 797 per €1
  • 1 Pounds to naira today official rate is N777 per 1£

Dollar to Naira Bank rate today.

Banks in Nigeria sell dollars between 777 to 779 to a dollar.

 

Equity Capitalization in Nigerian Market Drops by N37 Billion, Total Investments Decline.

 

The Nigerian capital market experienced a significant development as equity capitalization witnessed a drop of N37 billion at the close of trading on Friday. This decline led to a decrease in the total value of investments in the market from N30.50 trillion to N30.46 trillion after five hours of trading today.

All-Share Index Dips by 67.93 Basis Points, Reflecting Market Performance
The All-Share Index, a key indicator of the Nigerian market’s performance, took a dip of 67.93 basis points, closing at 55,956.59. This marked a notable decrease from the previous day’s value of 56,024.52 achieved by the bourse on Wednesday.

 

Increased Trading Activity Recorded on Friday.

During Friday’s trading session, investors engaged in transactions involving 531.79 million shares valued at N7.69 billion through 6,061 deals. This significant increase compared to the previous day’s activity, where shareholders traded 397.62 million shares worth N6.53 billion in 5,613 deals.

 

Gainers’ List Highlights Prominent Stock Performances.

Several stocks on the Nigerian market’s gainers’ list showcased notable increases in their share prices. Secure Electronics Technology witnessed a significant rise of 10 percent, climbing from N0.30 kobo to N0.33 kobo per share. Similarly, Unity Bank experienced a 10 percent increase in share value, closing at N0.66 kobo from N0.60 kobo per share. Sovereign Insurance also gained 10 percent, with its share price moving from N0.40 kobo to N0.44 kobo per share. ETranzact saw an increase of N0.44 kobo, closing at N4.94 kobo, surpassing its opening price of N4.40 kobo per share. Japaul Gold’s share price rose by 10 percent, moving from N0.40 kobo to N0.44 kobo per share.

 

 

Dollar To Naira Black Market Exchange Rate Today June 10 , 2023

 

On the other hand, John Holt topped the losers’ table after experiencing a decline of N0.15 kobo. The share price dropped from N1.55 kobo to N1.40 kobo per share. Caverton’s share price also decreased by N0.10 kobo, ending trading at N1.30 kobo from N1.40 kobo per share. Wapic saw a decline of 6.52 percent, resulting in an end-of-day trading value of N0.43 kobo from N0.46 kobo per share. Glaxo Smith’s share price dropped from N7.55 kobo to N7.15 kobo per share after losing N0.40 kobo during trading. Additionally, Stanbic IBTC experienced a decline of N1.40 kobo, dropping from N46.40 kobo to N45 per share.

In terms of trading volume, UBA took the lead, with 177.47 million shares valued at N1.72 billion. NPF Microfinance followed with 51.90 million shares worth N93.29 million. Access Corporation recorded 32.10 million shares sold, amounting to N412.99 million. Zenith Bank traded 30.92 million shares valued at N963.31 million, while Dangote Sugar sold 19.30 million shares worth N407.96 million.

 

Dollar To Naira Black Market Exchange Rate Today June 10 , 2023

USD NGN Black Market Exchange Rate Today
Graphic of Dollars and Nairas

Dollar to Naira Exchange Crisis.

The dollar to naira exchange crisis has been a major concern for Nigerians for many years. The Nigerian currency has been losing value against the dollar, causing inflation and economic instability in the country. The shortage of foreign exchange and the devaluation of the naira have made it difficult for individuals and businesses to access foreign currency. This has led to a rise in the cost of goods and services, making life difficult for the average Nigerian. Despite efforts by the government to stabilize the exchange rate, the crisis has persisted, and many Nigerians are still struggling to cope with the economic realities caused by the devaluation of the naira.

 

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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.

Naira today

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 June 10 , 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.Dollar To Naira today

 

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Thank you for using our platform to stay up-to-date on the latest news in Nigeria, specifically regarding the CBN’s dollar to naira exchange rate, Aboki Exchange Rate Today dollar to naira and the Black Market exchange rate for June 10 , 2023.

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