Dollar To Naira Black Market today 3rd February 2023, USD to Naira

Black Market Exchange Rate of Naira to dollar


Dollar to Naira Black Market today 3rd February 2023 Exchange Rate

Here is the current USD to naira rate today. See today’s CBN & Dollar to Naira Exchange rate at aboki fx and the black market. You can change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market.

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So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. If you want to know the current black market rate, here is the page to find that.

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Aboki fx has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Aboki fx is the most trusted source for black market dollar to naira rate today. You can find their exchange rate for today here.

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rate Yesterday 2nd February 2023

The US Dollar to Naira Black Market Exchange rate closed on Thursday 2nd, February 2023 at an average of N746/$1.


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This is according to information obtained by Ejes Gist Dollar from black market traders and Aboki dollar to Naira exchange Operators.



Dollar to Naira Black Market today 3rd February 2023

Dollar to Naira today black market (USD to NGN) USD to naira black market today 
Buying Rate 742
Selling Rate 745


What is the current dollar to naira exchange rate in parallel market? Well, it may interest you to know that Dollar to Naira Black Market Exchange rate for today  sometimes varies hugely from the rate in Central Bank of Nigeria website (


Dollar to Naira Black Market Exchange rate

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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 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 453 Naira Per Dollar. The Nigerian Economy is drastically affected by the Dollar to Naira Black Market Exchange rate.



Dollar to Naira (USD to NGN) Official Dollar to Naira Exchange Rate Today
Buying Rate 450
Selling Rate 453


Dollar to Naira Bank rate today.

Banks in Nigeria sell dollars between 540 to 545 to a dollar.


As Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.


Dollar to Naira Black Market today


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The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN website while dollar to naira black market rate are from aboki fx exchangers.

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However, USD to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rate normally would always be lower than what is obtainable in the black market.



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Market cap up by N271.4bn as MRS, Seplat record high demand for shares

At the end of trading on Thursday, the value of stocks on the Nigerian capital market went up by 1%.

After five hours of trading on Thursday, the market capitalization went up by N271.4 billion, from N29.13 trillion to N29.41 trillion.

In the same way, the All-Share Index went up by 498.44 basis points to end the day at 53,998.12, up from 53,499.68 the day before.


On Thursday, investors bought and sold 2.86 billion shares worth N8.06 billion in 3,940 deals.

This was a big jump from Wednesday, when shareholders bought and sold 200.36 million shares worth N5.52 billion in 3,716 deals.

MRS was the biggest winner because its share price went up by N1.60kobo, from N16 to N17.60kobo.


Dollar to Naira Black Market today 3rd February 2023.

NNFM gained N0.80kobo to move from N8.10kobo to N8.90kobo per share.

International Energy Insurance’s share price went up by 9.76%, from N0.82kobo per share to N0.90kobo per share at the end of trading.

The price of a share of Seplat went up by N115, from N1210 to N1325.


Cornerstone’s share price went up by 9.09%, from N0.55kobo at the start of the day to N0.60kobo at the end of the day.

Sunu Assurance was at the top of the list of losers because its share price dropped by 8.11 percent, from N0.37kobo to N0.34kobo.

Mutual Benefit’s share price fell by 7.69%, from N0.39kobo per share to N0.36kobo at the end of trading.

Linkage Assurance lost 6.25 percent, dropping from N0.48kobo per share to N0.45kobo at the end of trading.

The price of a share of Veritas Kapital fell from N0.21kobo to N0.20kobo, or 4.76 percent, during trading.

PZ lost N0.50kobo to drop from N10.75kobo to N10.25kobo per share.

Universal Insurance’s 2.71 billion shares worth N543.20 million were the most valuable of the day.

AIICO bought and sold 13,99,000,000 shares worth N9.16,000,000.

The 13.93 million shares that GTCO sold were worth $349.86 million.

After that, Sterling Bank traded 10.24 million shares worth N17.02 million, and Fidelity Bank bought and sold 9.88 million shares worth N57.48 million.


What are the Facts Influencing the Dollar to Naira Black Market Exchange rate for today ?

Here are some of the reasons for the dollar-to-naira exchange rate’s decline.

Inflation Rates: It is common knowledge that inflation has a direct impact on black market exchange rates. The naira will benefit if the Nigerian economy can be stabilised and inflation is brought under control; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive on a daily basis.

Interest Rates: Interest rates are another tool to keep an eye on. If the interest rate at which banks lend money rises, the economy will contract, and the value of the naira will fall as a result.


Government debt has the potential to affect investor confidence and, as a result, the flow of funds into the economy. If inflows are high, the naira exchange rate will rise in its favour.


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Speculators have a significant impact on the Dollar to Naira Black Market Exchange rate for today . They hoard money in anticipation of a profit, causing the naira to fall even further.

Trade Conditions: Although Nigeria is currently running a trade deficit, favourable trade terms will lead to an increase in the value of the Nigerian currency to the dollar. China, India, and the majority of Asian countries supply everything.

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What’s your Opinion on Dollar to Naira Black Market today Friday 3rd  February 2023, 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.

Thanks for using our platform to learn about the latest Dollar to Naira Black Market Exchange rate for today. 




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