“What is the US Dollar to Naira Exchange rate at the black market today July 30, 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 Sunday, July 30.
- Selling Rate: N850
- Buying 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.
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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 July 29, 2023, across various markets. In the Lagos Parallel Market, popularly referred to as the Black Market, the buying rate for a dollar was N850, 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 N778 by the close of the day.
- CBN Official Naira to Dollar exchange rate today July 30 2023
- CBN Official Naira to Dollar exchange rate today July 29 2023
- CBN Official Naira to Dollar exchange rate today July 30 2023
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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, July 30, 2023 is as follows:
Dollar to Naira Black Market Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N855 |
| Selling Rate | N850 |
This means that you can buy 1 dollar for 855 naira, and you can 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 784.84 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 N850,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦85,500.
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How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on July 30, 2023, is as follows:
- Buying rate: N784.84/$
- Selling rate: N785.84/$
This means that you can buy 1 US dollar for N784.84, and you can sell 1 US dollar for N785.84.
CBN Official Naira to Dollar exchange rate today July 30 2023
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on July 30, 2023, is as follows:
- Buying rate: N850.72/€
- Selling rate: 862.72/€
This means that you can buy 1 euro for 850.72 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 July 30, 2023:
- Buying rate: 1,048.30 naira
- Selling rate: 1,048.60 naira
This means that you can buy 1 pound for 1,048.30 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.
Airtel Nigeria Reports Impressive Q2 2023 Revenue of $529 Million Amid Data and Voice Growth.
Airtel Nigeria, a leading telecommunications provider, showcased strong performance in the second quarter of 2023, achieving a remarkable revenue of $529 million from its mobile services in the country. This significant growth in revenue was primarily attributed to the increased turnover in both data and voice services.
According to the company’s financial statements, Airtel Nigeria experienced a noteworthy 23% rise in revenue compared to the same period in 2022 when it reported $517 million. While voice revenue saw a slight decline from $259 million in April to June 2022 to $254 million during the same months in 2023, data revenue surged impressively, reaching $229 million in the review period, surpassing the $210 million generated from internet users in Nigeria in the corresponding period last year.
Airtel Africa, the parent company, also witnessed positive growth, with its total revenue rising by 9.6% based on reported currency change, reaching $1.37 billion during the same quarter. This outperformed the $1.25 billion generated in the second quarter of the previous year.
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Breaking down the figures further, Airtel Africa’s voice services contributed significantly to its revenue, generating $621 million during the quarter, surpassing the $610 million reported in the same period the previous year. The data services segment also showed strong growth, generating $486 million in the quarter ending June 2023, up from the $418 million earned in the second quarter of 2022.
However, despite the impressive performance, Airtel Africa faced a challenge due to the naira devaluation in Nigeria, resulting in a $151 million loss after tax. The company disclosed that a foreign exchange loss of $471 million was recorded in finance cost before tax, with an additional $317 million impact after tax, specifically attributed to the devaluation of the Nigerian naira in June 2023. This loss has been categorized as a non-operating exceptional item.
Despite the setback caused by the devaluation, Airtel Nigeria’s positive revenue growth and robust performance in data and voice services remain noteworthy factors in the telecommunications industry.
Also see:Â CBN Official Naira to Dollar exchange rate today July 30 2023
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