What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
Find below the black market Dollar to Naira exchange rate for 18th December. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1230 and sell at N1235 on Monday 18th December 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.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1230 |
| Selling Rate | N1235 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 980 |
| Selling Rate | 981 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
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- BUY: naira to pound 1460
- SELL: naira to pound 1470
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- BUY: naira to euro 1255
- SELL: naira to euro 1275
Canadian Dollar to Naira rate
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- BUY: naira to canadian dollar 900
- SELL: naira to rand 950
South African Rand to Naira rate
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- BUY: zar to naira 50
- SELL: yuan to naira 65
UAE Dirham to Naira rate
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- BUY: naira to Dirham 290
- SELL: naira to Dirham 310
Chinese Yuan to Naira rate
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- BUY: naira to Yuan 125
- SELL: Yuan to naira 135
Ghanaian Cedi to Naira rate
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- BUY: naira to cedi 85
- SELL: naira to cedi 100
West African CFA franc to Naira rate
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- BUY: naira to xof1735
- SELL: naira to xaf1750
Central African CFA franc to Naira rate
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- BUY: naira to xaf 1650
- SELL: naira to xaf 1700
Australian Dollar (Aussie) to Naira rate
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- BUY: aussie to naira 600
- SELL: australian dollar to naira 650
Dollar to Naira Black Market Exchange Rates Yesterday:
For reference, the black market closed at ₦1197/$1, determined by the average dollar to naira rates traded at various platforms.
FG Denies Having A Hand In Wike And Fubara’s Rift
Official Bank Rates (CBN):
The Central Bank of Nigeria (CBN) sets the official exchange rate:
- Buying: ₦831.47 for $1
- Selling: ₦833.48 for $1
Under these official rates, the CBN acquires one US dollar for ₦831.47 and sells it for ₦833.48 through authorized dealers.
Dollar to Naira Bank Rates Today:
Data from various banks indicates the average Dollar to Naira Exchange Rate Today:
GTBank:
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- Buying: ₦980 for $1
- Selling: ₦990 for $1
Access Bank:
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- Buying: ₦993/USD
- Selling: ₦990/USD
Zenith Bank:
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- Buying: ₦993/USD
- Selling: ₦997/USD
Guaranty Trust Bank (GTBank):
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- Buying: ₦997.83/USD
- Selling: ₦990/USD
First Bank of Nigeria fx rate:
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- Buying: ₦980/USD
- Selling: ₦975/USD
United Bank for Africa (UBA) Exchange rate:
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- Buying: ₦991.83/USD
- Selling: ₦997.83/USD
Inquiries Regarding Aboki Dollar to Naira Black Market Exchange Rate Today:
Does Aboki Forex Engage in Currency Trading or Exchange?
Answer: No, Aboki Forex is not involved in the trading or exchange of currencies. It serves as an informational platform, providing details on currency exchange rates across different markets.
How Can I Exchange Currency?
Answer: To exchange currency, contact your local currency exchange market or a bank. They will provide current exchange rates and assist in the exchange process.
Is the Accuracy of Black Market Exchange Rates Consistent Across All Markets?
Answer: No, Black Market Rates provided by Aboki Forex may not exhibit uniform accuracy across all markets. These rates serve as representative averages in local markets and can fluctuate between different locations due to the lack of regulation.
What Sets Apart CBN, I&E, and Dollar to naira today black market exchange rates.
Answer: CBN rates are established by the Nigerian central bank for official purposes. Investors’ and Exporters’ (I&E) rates are regulated for investment and foreign exchange transactions. Black Market Rates represent unofficial rates in the unregulated market, differing substantially from CBN and I&E rates.
Top Stocks to Watch This Week: ACCESSCORP, GTCO, ZENITHBANK, MTNN, NNFM
As the Nigerian stock market gears up for a new week, investors are eyeing key players in the market. Here are some top stocks to watch:
1. ACCESSCORP (Access Holdings Plc) – NGN 22.20
Performance: Closed at NGN 22.20 on December 15, 2023, marking a 2.6% drop from the previous closing price. Year-to-date, it has gained an impressive 161%, ranking 33rd on the NGX.
Trading Activity: Access Holdings is the third most traded stock in the past three months, with a total volume of 1.77 billion shares valued at NGN 31.1 billion.
2. GTCO (Guaranty Trust Holding) – NGN 39.90
Performance: Closed at NGN 39.90 on December 15, 2023. Year-to-date, it has gained 73.5%, ranking 60th on the NGX. Over the past four weeks, it accrued an 8% increase.
Trading Activity: GTCO is the sixth most traded stock in the past three months, with a total volume of 1.19 billion shares valued at NGN 44 billion.
3. MTNN (MTN Nigeria) – NGN 245.00
Performance: Closed at NGN 245.00 on December 15, 2023, with a 14% gain in year-to-date performance, ranking 106th on the NGX.
Trading Activity: MTNN is the 42nd most traded stock in the past three months, with a total volume of 104 million shares valued at NGN 25.3 billion.
4. NNFM (Northern Nigeria Flour Mills) – NGN 38.75
Performance: Closed at NGN 38.75 on December 15, 2023, recording a notable 9.9% gain. Year-to-date, it has gained an exceptional 530%, ranking fifth on the NGX.
Trading Activity: NNFM is the 88th most traded stock in the past three months, with a total volume of 21.3 million shares valued at NGN 535 million.
5. ZENITHBANK (Zenith Bank Plc) – NGN 37.10
Performance: Closed at NGN 37.10 on December 15, 2023, with a 54.6% gain in year-to-date performance, ranking 70th on the NGX. Over the past four weeks, it accrued an 11% increase.
Trading Activity: Zenith Bank is the eighth most traded stock in the past three months, with a total volume of 948 million shares valued at NGN 32 billion.
As the financial service industry takes the lead in market activities, investors are advised to keep a close eye on these stocks, which have shown notable performances and trading activities.
