Dollar to Naira today 18th september 2023 at black market Abokifx

Naira today

Stay well-informed about today’s Dollar to Naira and the Dollar to Naira exchange rate on this Monday, September 18, 2023. Access current today black market and accurate information regarding the most recent Black market exchange rate today & currency conversion rates.”

What’s in the black market, also referred to as the parallel market (commonly know as Aboki FX)?

What’s the current value of one US Dollar to Naira in the black market today?


Stay updated on today’s Dollar to Naira Today black market nairaland with Aboki FX.


Dollar To Naira Yesterday Black Market

The exchange rate for a at Lagos (Parallel Market ) players buy a dollar for N915 and sell at N920 on Sunday, September 17, 2023, according to sources at Bureau De Change (BDC).


Please note that the Central Bank of Nigeria () 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 (USD to NGN) Black Market Exchange Rate Today
Buying Rate N955
Selling Rate N960


Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Central Bank of Nigeria (CBN) Naira Exchange Rates for banks.

Banks in Nigeria are now using I & E exchange rates in selling and buying Dollars.

See Dollar to Naira exchange rate: CBN and Banks – Sep 18, 2023

exchange rate

The euro to naira exchange rate on September 15 , 2023, is as follows:

  • Buying rate: N1573.83/€
  • Selling rate: 1575.83/€

This means that you can buy 1 euro for 1575.83 naira, and you can sell 1 euro for 1573.83 naira.


Pound To Naira Black market exchange rate ngnrates.

Pound to naira exchange rate at the Investors and Exporters (I&E) window on September 15 , 2023:

  • Buying rate: 1,04.41 naira
  • Selling rate: 1,075.80 naira

This means that you can buy 1 pound for 1,035.41 naira, and you can sell 1 pound for 1,035.80 naira.


Why Exchange Rates Matter

Understanding exchange rates is not only for currency traders but also for businesses involved in international trade, travelers planning trips abroad, and anyone conducting financial transactions that involve converting between the Naira and Dollar. These rates can affect prices, profits, and the overall economic landscape

Factors Influencing Foreign Black Market dollar to naira Exchange Rate

Here are some of the causes of the dwindling dollar-to-naira exchange rate.


Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.Dollar to Naira Black Market Rate ,Aboki Dollar to Naira Today

Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall.

Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. If inflows are high, the naira exchange rate will rise in favour of the naira.
Speculators: Speculators frequently impact the naira-to-dollar exchange rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower.
Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Everything comes from China, India, and the majority of Asian countries.
Latest Dollar to Naira Black Market Exchange Rate Today -, Naira To Dollar Black Market Rate

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Final Thoughts on black market dollar to naira exchange.

In today’s interconnected world, understanding currency conversion rates is fundamental. The Aboki Dollar to Naira exchange rate and the black market rate offer unique perspectives on currency valuations in Nigeria. Staying informed empowers you to navigate the complexities of currency exchange, optimize transaction values, and make sound financial choices.


Stay tuned for future updates on currency exchange rates, ensuring you always have the most accurate and current information for all your currency conversion needs.




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