Dollar to Naira, Pounds to Naira, Euro to Naira Black Market Exchange Rates Today 20 February 2024

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Dollar to Naira black market exchange rate today
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What is the Dollar to Naira Exchange Rate at the Black Market, the Pounds to naira black market Today and the Euro To Naira today black market also known as the Parallel Market (Aboki FX)? 

Please find below the black market exchange rate for the dollar to Naira on February 20. These are the rates at which you can exchange your dollar for Naira.

How much is a dollar to Naira today in the black market? Dollar to Naira Exchange Rate Today in the Black Market (Aboki Dollar Rate):

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Dollar to Naira Black Market Rate Today, February 20, 2024:

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today

  • Buying Rate: N1645
  • Selling Rate: N1655

Pounds to naira black market Today .

The British Pounds to Naira exchange rate is as follows.

  • Buying Rate: N2100
  • Selling Rate: N2120

Euro To Naira today black market

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The Euro To Naira black market exchange rate today is :

  • Buying Rate: N1790
  • Selling Rate: N1815

While the Central Bank of Nigeria (CBN) sets the official foreign exchange rate, transactions happening outside authorized channels, like the parallel market, operate independently. It is recommended to use authorized channels like banks for foreign exchange transactions.

Black Market Dollar To Naira Exchange Rate Today 14 February 2024 | Abokifx Today

Dollar to Naira CBN Rate Today:

Dollar to Naira (USD to NGN) CBN Rate Today

  • Buying Rate: N1,500
  • Selling Rate: N1,504

Euro to Naira CBN Rate Today:

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Dollar to Naira Exchange rate Today (CBN rates)

  • Buying Rate: N1,494
  • Selling Rate: N1,493

Pounds to Naira Today

Pounds to NGN CBN Rate Today

  • Buying Rate: N1,886
  • Selling Rate: N1,887

Euro to Naira Today

Euro to Naira exchange rate Today

  • Buying Rate: N1,612
  • Selling Rate: N1,613

Please be advised that the rates at which you buy or sell forex may differ from those displayed in this article due to price fluctuations.

Meanwhile, at the Lagos Parallel Market, popularly referred to as the Black Market, the exchange rate between the dollar and the Naira concluded at 1650 per dollar yesterday, as reported by sources in the Bureau De Change (BDC).

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Naira devaluation: CBN stops dollar cash for BTA/PTA

 

Meanwhile,  The Central Bank of Nigeria (CBN) has discontinued the provision of cash for Business Travel Allowance (BTA) and Personal Travel Allowance (PTA). The bank has announced that henceforth, all such allowances will be issued in cards. This measure is part of the bank’s efforts to ensure that only genuine travelers obtain BTA and PTA in the future.

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What You Should Know:

  • In 2023, the Federal Government raised about N5.49 trillion through FGN bond auctions, which were used to finance the 2023 budget deficit of N11.34 trillion.
  • In January, the Federal Government raised about N420.207 billion from the four bonds that were auctioned.
  • With the budget deficit in the 2024 budget set at N9.20 trillion, the Federal Government seems committed to borrowing more from the domestic market.

 

Keep up with the latest news and updates with Ejes Gist News, your reliable source for news in Nigeria right now on the Dollar to Naira Black Market.

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