The dollar to naira black market exchange rate and Aboki exchange rate for today Saturday May 13, 2023 has been highlighted here on Ejes Gist Newsonline Nigeria.
The exchange rates for the day depend on a range of economic and political factors that impact the value of the currencies. The black market exchange rate refers to the unofficial exchange rate, which is often higher than the official exchange rate.
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The Aboki exchange rate is a common term used in Nigeria to refer to the currency exchange rates offered by street traders, who are often referred to as Abokis. It is important to note that currency exchange rates can fluctuate rapidly and should be verified with a trusted source before conducting any transactions.
It is important to know the current dollar-to-naira exchange rate to get the best exchange rates when exchanging dollars.
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Dollar to naira exchange rate today black market | Aboki Exchange Rate Today dollar to naira
Yesterday, Friday, May 12, 2023, insiders at Bureau de Change (BDC) firms disclosed that the exchange rate for a US dollar to Nigerian naira at the Parallel Market (Aboki Exchange Rate Today dollar to naira) closed at ₦750 per dollar.
1 Dollar To Naira Black Market Exchange Rate Today May 13, 2023.
| how much is dollar to naira black market (USD to NGN rate) | USD to naira black market today |
| Buying Rate | ₦ 745 |
| Selling Rate | ₦ 750 |
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?
- $100 USD in black market today will give you ₦74,800
Please note that the Central Bank of Nigeria (CBN), as the apex bank, does not acknowledge the parallel market (black market) and has directed Nigerians seeking to engage in Forex to approach their respective banks. Regrettably, due to the corrupt nature of Nigerian banks, it may take up to 60 days to obtain dollars through official channels. As a result, the black market remains the most dependable means of accessing dollars.
Many Nigerians are greatly concerned about the exchange rate of the Nigerian naira against the dollar.
How much is Euro to naira today in black market.
| Euro to naira today (€) | Euro to naira today black market exchange rate. |
| Buying | ₦ 789 |
| Selling | ₦ 803 |
How much is Pound to naira today in black market.
| Pound to naira today (£) | pound to naira today black market exchange rate. |
| Buying | ₦ 910 |
| Selling | ₦ 915 |
The Canadian Dollar to Naira black market exchange rate today is N688/1c$
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 | ₦38 |
| Selling Rate | ₦36 |
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 | ₦163 |
| 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 | ₦87 |
| 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 | ₦67 |
| Selling Rate | ₦74 |
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 | 464 |
| Selling Rate | 467 |
- 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.
NGX: Transcorp, MRS, among top equities as Nigeria’s capital market rebounds from previous losses.
The equity capitalization in the Nigerian capital market increased by 0.10 percent at the end of trading on Friday.
The market capitalization increased from N28.40 trillion to N28.43 trillion after five hours of trading today, indicating a growth of N29.06.
Friday’s output was the capital market’s first positive result in three days.
The All-Share Index rose by 53.38 basis points and closed at 52,214.62, compared to Thursday’s closing of 52,161.24.
On Friday, there were 1.41 billion shares traded by investors, worth N10.98 billion, in 5,527 deals.
The number of shares traded and their value exceeded the previous day’s figures of 477.37 million shares valued at N5.24 billion, traded by shareholders in 5,539 deals.
MRS topped the list of gainers with a rise in share price from N30.70kobo to N33.75kobo per share, an increase of N3.05.
The share value of Academy increased by N0.14kobo, closing at N1.56kobo per share compared to the previous value of N1.42kobo per share.
Ikeja Hotel’s share price increased from N1.42kobo to N1.56kobo per share, representing a gain of N0.14kobo.
Transcorp’s closing price was N2.59kobo, which is higher than its opening price of N2.36kobo per share, with a gain of N0.23kobo.
Ardova’s share price increased by 9.09 percent, from N24.20 kobo to N26.40 kobo per share.
Dollar To Naira Black Market Exchange Rate Today May 13, 2023.
C&I Leasing experienced a decrease of N0.35kobo, causing a drop from N3.55kobo to N3.20kobo per share, placing it at the top of the losers’ table.
The share price of Prestige decreased by 9.76 percent, closing at N0.37kobo compared to its previous value of N0.41kobo per share.
The share price of Royal Exchange decreased by 6.90% to close at N0.54kobo from its previous value of N0.58kobo per share.
The share price of Courtville decreased from N0.46kobo to N0.43kobo per share due to a 6.52 percent loss during trading.
The share price of Livestock decreased by 6.42 percent from N1.09 to N1.02 per share.
Fidelity Bank was the top performer in today’s trading, with 942.76 million shares traded at a value of N5.52 billion.
Access Corporation traded 170.03 million shares valued at N1.69 billion.
FBN Holdings traded 81.12 million shares valued at N973.35 million.
Aluminium Extrusion had a trading volume of 36.04 million shares worth N234.32 million, while Mansard sold
24.60 million shares worth N60.90 million.
Dollar To Naira Black Market Exchange Rate Today May 13, 2023
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.
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 May 13, 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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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 May 13, 2023.
