Stay informed about the Aboki Dollar to Naira exchange rate today and the dollar to naira black market exchange rate today Monday, September 4 , 2023. Get up-to-date information on the latest currency conversion rates.
What is the dollar to naira black market exchange rate today also known as the parallel market (Aboki fx)?
How much is a Dollar to Naira today black market?
Dollar to naira exchange rate today black market (Aboki Dollar to Naira Today).
Dollar To Naira Yesterday Black Market
The exchange rate for a dollar to naira black market exchange rate at Lagos (Parallel Market ) players buy a dollar for N895 and sell at N905 on Sunday, September 3, 2023, 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.
Aboki dollar to naira black market exchange rate today nairaland
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Central Bank of Nigeria (CBN) Naira Exchange Rates for banks.
Banks in Nigeria are now using I & E exchange rates in selling and buying Dollars.
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on September 4 , 2023, is as follows:
- Buying rate: N1263.83/€
- Selling rate: 1265.83/€
This means that you can buy 1 euro for 1265.83 naira, and you can sell 1 euro for 1263.83 naira.
Pound To Naira Black market exchange rate ngnrates.
Pound to naira exchange rate at the Investors and Exporters (I&E) window on September 4 , 2023:
- Buying rate: 1,04.41 naira
- Selling rate: 1,065.80 naira
This means that you can buy 1 pound for 1,035.41 naira, and you can sell 1 pound for 1,035.80 naira.
- Jada Pollock Biography, Net Worth, Wiki, Real Name, Husband, Wizkid Manager
- DPO salary in Nigeria 2023 : Nigeria Police Ranks and Salary Structure ( Latest updates)
- Kazim Adeoti Biography: Profile Of Mercy Aigbe’s New Husband Kareem Adeoti, Career, Family
Nigerian Capital Market Records N535.37 Billion Surge, Led by Dangote Sugar and Tantalizer
Meanwhile, in a significant boost for the Nigerian capital market, stocks including Dangote Sugar and Tantalizer contributed to a remarkable gain of N535.37 billion in market capitalization by the close of trading on Friday. This surge reflects the growing strength and confidence in the country’s financial markets.
Market Capitalization Growth
The value of investments at the capital market experienced a noteworthy increase, surging from N36.42 trillion to N36.95 trillion after just five hours of trading on that day. This substantial growth underscores the attractiveness of Nigerian stocks to both domestic and international investors.
All-Share Index Soars
The All-Share Index (ASI) also experienced a substantial increase, rising by 978.2 basis points to close at 67,527.19. This marked a significant uptick from the 66,548.99 ASI recorded by the bourse on the previous trading day. The ASI serves as a key indicator of the overall performance of the Nigerian Stock Exchange.
Investors were actively engaged in the market, with a total of 503.74 million shares traded, valued at N6.91 billion, in 7,606 deals on Friday. While this represents a robust trading day, it fell slightly short of the previous day’s figures when shareholders traded 620.98 million shares worth N7.18 billion in 7,972 deals.
Tantalizer emerged as the top gainer, with its share price surging by an impressive 10 percent, moving from N0.30 kobo to N0.33 kobo per share. This notable increase reflects renewed investor interest in the company.
Dangote Sugar also contributed significantly to the market’s positive performance, gaining N5.50 kobo to close at N60.50 kobo per share, surpassing its opening price of N55 per share.
Lasaco witnessed a positive shift in its share price, rising by N0.18 kobo from N1.80 kobo to N1.98 kobo per share.
Nascon achieved a notable gain of N5.05, moving from N50.55 kobo to N55.60 kobo per share.
The remarkable performance of these stocks signals growing investor confidence and optimism in the Nigerian capital market, and it will be closely monitored by market participants in the days ahead.
As the Nigerian capital market continues to attract attention and investment, stakeholders and analysts will be eager to assess the factors driving this surge and its potential implications for the broader economy.
Factors Influencing Foreign Black Market dollar to naira Exchange Rate
Here are some of the causes of the dwindling dollar-to-naira exchange rate.
Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.
Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall.
That is all the latest News update on ” Dollar to Naira Black Market Rate Today and Dollar to Naira today black market.