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Dollar to Naira Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 7th April 2024




Dollar to naira exchange rate today

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 for 6th April, 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) players buy a dollar for N1245 and sell at N1250 on Saturday 6th April 2024, according to sources at Bureau De Change (BDC).

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.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate N1245
Selling Rate N1250

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN) CBN Rate Today
Buying Rate N1250
Selling Rate N1251

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

Naira Now Exchanges At ₦1,245 As BDCs Await CBN To Adjust Rate

The Nigerian Naira experienced a notable appreciation, reaching ₦1,245 per dollar in the parallel market on Friday, surpassing the official and Bureau De Change (BDC) segments’ rates.

This development comes amid ongoing discussions between the Association of the Bureau De Change Operators of Nigeria (ABCON) and the Central Bank of Nigeria (CBN) regarding foreign exchange (FX) rate adjustments.

In the official FX market, the dollar was valued at ₦1,255.07 on Thursday, with the BDC segment quoting it at approximately ₦1,269/$1.

Contrary to online media reports suggesting a CBN rate adjustment for BDCs to ₦1,190 per dollar, ABCON’s national president, Aminu Gwadabe, clarified that no new changes have been implemented by the CBN.

The naira’s strength in the parallel market, often referred to as the black market, signifies a 1.20 percent increase compared to Thursday’s exchange rate of ₦1,260 per dollar.

This performance marks a significant recovery, with the naira appreciating by 46.58 percent since February 20, 2024, against the dollar in this market.