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Dollar to Naira black market exchange rate today June 16, 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 Friday June 16, 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. The an unofficial exchange rate is known as the dollar to naira black market exchange rate, which is often 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

On Thursday, June 15, 2023, industry experts in the Bureau de Change (BDC) sector disclosed that the prevailing exchange rate for the US dollar to the Nigerian naira on the Parallel Market was ₦791 per dollar, according to reports

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1 Dollar To Naira Black Market Exchange Rate Today June 16, 2023.

how much is dollar to naira black market (USD to NGN rate) USD to naira black market today 
Buying Rate ₦ 785
Selling Rate ₦ 791

 

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Therefore, 1000 Naira to dollar conversion rate will give you N791,000.

How much is $100 in black market today?.

Now, How much is $100 US in Nigeria?

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  • $100 USD in black market today will give you ₦79,100.

How Much is 1 dollar to naira Official Exchange Rate Today.

Parallel exchange rate (black market) exchange rate is always different from official market. At official Investor and Exporter window ( I&E),  the Naira to dollar closed at an average of 705 naira  per dollar. The Nigerian Economy is drastically affected by the Dollar to Naira Black Market Exchange rate.

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The following is Interbank dollar to naira rate

1 Dollar to Naira Today (USD to NGN rate) Official dollar to naira rate
Buying Rate 702
Selling Rate  703

 

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$

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.

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).

 

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.

 

  • 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.

 

Nigeria’s capital market records N1.21tr gain as banks’ shares appreciate.

In response to high demand for shares in banks and other sectors, the Nigerian capital market experienced a notable increase of 3.99 percent in the value of investments on Thursday.

This surge led to a growth of N1.21 trillion in equity capitalization, elevating it from N30.45 trillion to N31.67 trillion within a five-hour trading period today.

Furthermore, the All-Share Index witnessed a significant rise of 2,232.62 basis points, moving from 55,930.97 to 58,163.59.

 

Dollar To Naira Black Market Exchange Rate Today June 16 , 2023

 

 

During Thursday’s trading session, investors engaged in 10,369 deals, exchanging 1.18 billion shares valued at N19.22 billion. This surpassed Friday’s trading figures, which saw shareholders trade 574.73 million shares worth N6.08 billion in 6,595 deals.

Among the gainers, GTCO experienced the most significant increase in share price, rising by N2.8 kobo from N28 to N30.80 kobo per share. Lasaco also witnessed a rise in share value, gaining N0.18 kobo to reach N1.98 kobo from N1.8 kobo per share. Access Corporation saw a gain of N1.3 kobo, moving from N13 to N14.30 kobo per share. Nascon gained N1.55 kobo, closing at N17.05, exceeding its opening price of N16.5 kobo per share. Zenith Bank’s share price rose by N2.8 kobo, moving from N28 to N30.80 kobo per share.

On the other hand, John Holt recorded the highest decrease in share price, dropping by N0.14 kobo from N1.4 kobo to N1.26 kobo per share. Ellah Lakes saw a decrease of N0.4 kobo, ending trading at N3.60 kobo from N4 per share. TIP experienced a loss of N0.05, closing at N0.47 kobo from N0.52 kobo per share. Caverton’s share dropped from N1.3 kobo to N1.24 kobo per share, losing N0.06 during trading. Veritas Kapital also saw a decline of N0.01, dropping from N0.23 kobo to N0.22 per share.

In terms of trading volume, UBA took the lead with 214.94 million shares valued at N2.33 billion. GTCO followed closely with 208.06 million shares worth N6.24 billion. Zenith Bank recorded sales of 85.69 million shares valued at N2.62 billion. Japaul Gold traded 72.59 million shares worth N37.40 million, while Access Corporation sold 72.11 million shares valued at N1.01 billion.

 

Dollar To Naira Black Market Exchange Rate Today June 16 , 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 16 , 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 16 , 2023.

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