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 28, 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) yesterday closed at N1390 per dollar according to data obtained from Bureau De Change (BDC) operators.
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 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.
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: N1,873
- Selling Rate: N1,877
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).
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Stock market reopens bearish as index dips by N289 billion.
The stock market reopened bearish today as the index dipped by N289 billion. This decline was attributed to losses incurred by major bluechip stocks, notably Dangote Sugar Refinery and Transcorp Power. Trading on the Nigerian Exchange Limited closed on a downward note, with market capitalization decreasing by N289 billion.
Yesterday, the market capitalization of listed equities dropped by 0.49 per cent, closing at N58.879 trillion compared to N59.168 trillion reported the previous day. The all-share index also depreciated by 511.02 basis points to 104136.35 points from 104647.37 points traded on Friday. The market saw 30 losers against 20 gainers.
On the price movement chart, EllaLakes led the gainers chart, adding 10 per cent to close at N3.63 kobo, followed by Morison Industry with a gain of 9.93 per cent, closing at N1.55 kobo. SUNU Assurance gained 9.48 per cent to close at N1.27 kobo, while Caverton Business Solutions added 9.37 per cent to close at N1.75 kobo. Sovereign Trust Insurance gained 9.09 per cent, closing at 48 kobo.
Conversely, International General Insurance and Dangote Sugar topped the losers’ chart, each dropping by 10 per cent to close at N1.35 kobo and N53.10 kobo, respectively. Jaiz Bank trailed with a loss of 9.92 per cent to close at N2.18 kobo, while Ikeja Hotel dipped by 9.72 per cent to close at N5.85 kobo.
The trading volume also declined by 39.27 per cent as investors traded 306.821 million shares valued at N11.383 billion in 9343 deals compared to 505.187 million shares worth N14.235 billion exchanged the previous day. NDIF led market activities with 35.547 million shares valued at N4.523 billion, followed by Jaiz Bank with 23.155 million shares costing N52.573 million.
Analysts anticipate a further bearish performance due to weakened investor sentiment. Investor sentiment, as measured by market breadth, worsened to -0.14x from 0.27x in the session, with 20 stocks advancing while 30 declined.
The stock market’s downturn underscores the challenges faced by investors and the need for cautious decision-making in the current market climate.
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