“What is the US Dollar to Naira Exchange rate at the black market today Thursday, August 3, 2023, which is also known as the parallel market (Aboki fx or Aboki exchange rate)?
Find below the black market Dollar to Naira exchange rate for today, August 3.
- Buying Rate: N850
- Selling Rate: N855
You can easily exchange your dollar for Naira at the black market, also known as the parallel market, where foreign currencies like the US Dollar are traded outside the official exchange rate system. This informal market, sometimes referred to as Aboki fx or Aboki exchange rate, operates alongside the official banking system and is commonly used in countries with currency exchange restrictions or when individuals seek better rates than those provided by official channels.
However, it’s important to be aware that the black market carries higher risks, as transactions are not protected by the same regulations and safeguards as official banking channels. To avoid any issues, exercise caution and only engage in transactions with reputable and trustworthy parties.
Also Read Citizens attack politicians on the street and set Ruling party HQ on fire (videos)
Keep in mind that exchange rates in the black market can fluctuate frequently due to various economic factors and market conditions. For the most current and accurate rates, it’s advisable to stay updated with reliable sources.
How much is dollar to naira black market today?
Dollar to naira exchange rate today black market yesterday (Aboki dollar rate):
Insiders from the Bureau De Change (BDC) reported fluctuating exchange rates between the US dollar and the Nigerian naira August 2, 2023, across various markets. In the Lagos Parallel Market, popularly referred to as the Black Market, the buying rate for a dollar was N855, with the selling rate at N857. On the other hand, at the Investors and Exporters (I&E) window, the dollar to naira exchange rate experienced initial highs, peaking at N787, but eventually settled at N788 by the close of the day.
- CBN Official Naira to Dollar exchange rate today August 3 2023
- CBN Official Naira to Dollar exchange rate today July 31 2023
- CBN Official Naira to Dollar exchange rate today August 3 2023
- CBN Official Naira to Dollar exchange rate today July 23 2023
Please note that the Central Bank of Nigeria (CBN) does not officially recognize or endorse the activities of the parallel market, commonly known as the black market, for foreign exchange. The CBN has directed individuals seeking foreign exchange to approach authorized banks for their foreign currency needs.
The dollar to naira black market exchange rate today Monday, August 3, 2023 is as follows:
Dollar to Naira Black Market Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N850 |
| Selling Rate | N855 |
This means that you can buy 1 dollar for 855 naira, and sell 1 dollar for 850 naira at Aboki exchange rate.
Aliexpress dollar to naira exchange rate today
As of today, the exchange rate for the dollar to the Nigerian naira on AliExpress is 776.36 Naira per dollar. If you have a domiciliary account, you have the option to purchase directly from your account. Additionally, AliExpress now allows users to make purchases in Nigerian naira instead of requiring payments in foreign currency.
1000 Naira to dollar conversion rate will give you N855,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦85,500.
- Week 4 Pool Fixtures for Sat 31 Jul 2023: Wk 4 Aussie 2023 – poolfixtures
- Week 4 pool results for Monday, August 3, 2023: Aussie Pool Result Wk 4
How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at tlhe Investors and Exporters (I&E) window on August 3, 2023, is as follows:
- Buying rate: N776.36/$
- Selling rate: N793.50/$
This means that you can buy 1 US dollar for N776.36, and you can sell 1 US dollar for N793.50.
CBN Official Naira to Dollar exchange rate today August 3 2023
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on August 3, 2023, is as follows:
- Buying rate: N855.72/€
- Selling rate: 862.72/€
This means that you can buy 1 euro for 855.72 naira, and you can sell 1 euro for 862.72 naira.
Pound To Naira Black market exchange rate ngnrates.com.
Pound to naira exchange rate at the Investors and Exporters (I&E) window on August 3, 2023:
- Buying rate: 1,048.31 naira
- Selling rate: 1,048.60 naira
This means that you can buy 1 pound for 1,048.31 naira, and you can sell 1 pound for 1,048.60 naira.
The I&E window is the official exchange rate window in Nigeria. It is a platform where authorized dealers can trade foreign exchange. The exchange rate at the I&E window is determined by supply and demand.
Please note that the exchange rate can change at any time, so it is always best to check the latest rates before you make a transaction. You can do this by visiting the website of a reputable currency exchange bureau or by using a currency converter online.
UK govt to partner Nigerian Exchange Limited.
In a recent announcement, the UK government reaffirmed its commitment to bolstering future investments in Nigeria and strengthening its partnership with Nigerian Exchange Limited (NGX). The move is seen as a strategic effort to pave the way for success in the Nigerian economy.
During the closing gong ceremony at NGX on Tuesday, Rt Hon. James Cleverly, the UK Secretary of State, emphasized the significance of investing in Nigeria. He pointed out that NGX’s operations have a remarkable ability to attract investments, which, in turn, fuels economic growth, generates profits, and unlocks the country’s vast economic potential, resulting in increased job opportunities and prosperity for both Nigerians and foreigners.
Cleverly asserted that the investment initiatives would play a vital role in unlocking Nigeria’s economic potential. He further revealed that the United Kingdom government not only intends to maintain its current relations with Nigeria but also aims to collaborate with NGX to attract new listings and investments into the capital market. This partnership is expected to have a positive impact on the economic landscape of both nations.
Read Also Be patient, I understand your pain – Tinubu begs Nigerian
Also see:Â CBN Official Naira to Dollar exchange rate today August 3 2023
Related:
- Dollar To Nairas Black Market Exchange Rate Today May 1, 2023
- Naira to dollar falls to record low at official market
- Dollars to Naira black market exchange rate today May 31, 2023 | Aboki Exchange rate
- 5 points you need to know as CBN floats Naira at I&E window in five years
- BREAKING: FG Stops Cash Withdrawals From Public Accounts
Naira to Dollar black market exchange rate today, July 3, 2023
Dollars To Nairas Black Market Exchange Rate Today April 19, 2023
Thanks for using our platform to learn about the latest dollar to naira black market today.
