All Black Market Rates Today: USD, GBP, EUR to Naira (March 9, 2024)
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 March 9, 2024. These are the rates at which you can exchange your dollar for Naira.
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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):
Dollar to Naira Black Market Rate Today, March 9, 2024:
Dollars to Nairas (USD to NGN) Black Market Exchange Rate Today
- Buying Rate: N1610
- Selling Rate: N1618
Pounds to Naira black market Today.
The British Pounds to Naira exchange rate is as follows.
- Buying Rate: N2590
- Selling Rate: N2610
100 Dollars To Naira in Black Market Today 2 March 9026
Euro To Naira today black market
The Euro To Naira black market exchange rate today is :
- Buying Rate: N1900
- Selling Rate: N1905
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.
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: N1,506
Euro to Naira CBN Rate Today:
Dollar to Naira Exchange rate Today (CBN rates)
- Buying Rate: N1,696
- Selling Rate: N1,693
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 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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Naira Slides Amidst Strong Dollar Demand: Official and Parallel Markets Witness Exchange Rate Decline.
In the fast-paced currency fluctuations, the Naira experienced a downturn against the dollar, settling at N1,625/$1 at the parallel market, reflecting a slight depreciation from the previous day. The Great Britain Pound (GBP) also exerted pressure, hitting N2050, a 7.32% decrease compared to the prior rate of N1,900.
At the official window, the Naira depreciated to N1,602.43/$1, attributing this decline to persistent demand for dollars since January. Financial experts advocate for measures to curb volatility, with the CBN introducing strategies for transparency and stability.
Economist Dr. Nnaemeka Onyeka Obiaraeri suggests addressing the corruption-driven demand for dollars, emphasizing local production as a long-term solution for economic resilience.
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