What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate, Euro to Naira black market, Pounds to Naira black market for March 19 2024, below. 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 N1600 and sell at N1600 on Monday March 18, 2024, 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.
How much is $1 in Nigeria black market today?
CBN exchange rate dollar to Naira today
The CBN exchange rate dollar to Naira today is:
The Dollar to Naira Bank rate today is also the same as the CBN official rate. The only difference is just one to two naira difference from one bank to another.
Please note that the rates you buy or sell forex at Aboki exchange rate today in Lagos and other Aboki Forex rates may be different from what is captured in this article because prices vary.
Pounds to Naira Today
Pounds to NGN CBN Rate Today
- Buying Rate: N1,886
- Selling Rate: N1,887
Euro to Naira black market Today
Euro to Naira exchange rate Today
- Buying Rate: N1,612
- Selling Rate: N1,613
Meanwhile, at the Lagos Parallel Market, popularly referred to as the Black Market, the exchange rate between the US dollars and the Naira concluded at 1650 per dollar yesterday, as reported by sources in the Bureau De Change (BDC).
Nwabali Breaks Silence On Union Saint-Gilloise Transfer Rumours
Naira Closes Below N1,600/$1 at Official Market.
In a notable development, the official market witnessed a slight uptick in the value of the Naira against the dollar, settling at N1,597.24 to $1, marking a 0.34% improvement from the previous closing rate of N1,602.75 to $1 at the end of the preceding week.
This latest closing rate of N1,597.24 to the dollar represents the first instance of the exchange rate dipping below the N1,600/$1 threshold since March 5th, 2024.
Furthermore, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) revealed a marginal increase of 2.20% in forex transactions, reaching $140.45 million compared to the previously recorded $137.43 million.
Additional Insights:
On Monday, trading within the Investors and Exporters (I&E) window showcased varied outcomes for the Naira against major global currencies.
The I&E FX window saw the Naira reach a high of N1,640/$1 and a low of N1,400.00, indicating a fluctuation of N240/$1.
In the parallel market, the Naira experienced a 0.78% appreciation against the US dollar, trading at N1,608 compared to the previous rate of N1,614 per dollar.
Against the pound sterling, the Naira marginally gained by 0.74%, closing at N2,030/£1 from the earlier rate of N2,045/£1.
Similarly, it recorded gains against the euro by 0.58%, ending at N1,725/€1, up from last week’s Friday rate of N1,735/€1.
As of March 14, 2024, the country’s foreign reserves saw a slight uptick of $2.71 million, totaling $34.416 billion—a 0.008% rise from the previous day’s reserves of $34.413 billion.
Nigeria’s foreign reserves have been on an upward trajectory for 20 consecutive days, commencing from February 13, 2024.
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