Dollar-to-Naira, Pounds to Naira, Euro to Naira Black Market Exchange Rates Today 23 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 , the Pounds to naira black market and the Euro To Naira today black market also known as the (Aboki FX)? 

Please find below the black market exchange rate for the on February 23. These are the rates at which you can exchange your dollar for Naira.

How much is a Naira to dollar 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 23, 2024:

Dollars to Nairas (USD to NGN) Black Market Exchange Rate Today

  • Buying Rate: N1888
  • Selling Rate: N1900

Pounds to Naira black market Today.

The British Pounds to Naira is as follows.

  • Buying Rate: N2327
  • Selling Rate: N2330

Euro To Naira today black market

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The exchange rate today is :

  • Buying Rate: N1890
  • Selling Rate: N1916

While the Central Bank of Nigeria () 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.

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Also See : Black Market Dollar rate to Naira Exchange today 22 February 2024

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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Today (CBN rates)

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

Pounds to Naira Today

Pounds to NGN CBN Rate Today

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  • 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.

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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 .

Naira Continues Depreciation Streak, Tumbles to N1,900/$ at Parallel Market.

 

In the most recent development, the value of the Nigerian naira declined further, hitting N1,900 versus the on Tuesday in the parallel segment of the foreign exchange (FX) market.

This marks a 9.83 percent decline from the N1,730 recorded the previous day. Currency traders, also known as Bureau de Change (BDC) operators, quoted the buying rate at N1,850 and the selling rate at N1,900, with a profit margin of N50.

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A trader by the name of Aliyu voiced concerns, saying, “We do not understand the rate, and it will get more expensive tomorrow.”

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However, at the Nigerian Autonomous Foreign Exchange Market (NAFEM), the local currency saw a recovery, reaching N1,551.24 per dollar on Tuesday. This signifies a 2.9 percent appreciation from the N1,598.54 traded on Monday.

Data from the platform that monitors foreign exchange trading in Nigeria, the FMDQ Securities Exchange, showed that the local currency reached an intraday high of N1,701 and a low of N1,100.

In ongoing efforts to restore market stability and enhance liquidity, the Central Bank of Nigeria (CBN) and the Office of the National Security Adviser (ONSA) have joined forces. Their partnership aims to investigate and penalize individuals engaged in illicit activities within the FX market. This coordinated effort involves key law enforcement agencies such as the Nigeria Police Force (NPF), the Economic and Financial Crimes Commission (EFCC), the Nigeria Customs Service (NCS), and the Nigeria Financial Intelligence Unit (NFIU).

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President Bola Tinubu declared on February 20, 2024, that his administration is actively attempting to raise $10 billion or more. The objectives are to promote economic expansion, stabilise the naira, and boost liquidity.

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Stay up to date with the most recent news and updates on the by visiting Ejes Gist News, your trusted source.

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