Dollar To Naira Black Market Rate Today

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Here is the current USD to Naira black market exchange rate as of today. For the black market and CBN exchange rates for the dollar to naira aboki, respectively. You can exchange your USD for NGN at this rate or use the most recent black market or parallel market rate.

Because the exchange rate on the black market is so much higher than what the bank offers, so many Nigerians prefer to swap their foreign currency, especially US Dollars to naira.

Dollar to Naira Black Market Rate

Date Currency Selling(NGN) Buying(NGN)
September 20, 2022 US DOLLAR 712 707
September 20, 2022 POUNDS STERLING 858 848
September 20, 2022 EURO 711 705


Daily Naira Rates on litemusics.com

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You might find it interesting to know that the exchange rate between the US dollar and the naira on the black market might occasionally differ significantly from that displayed on the website of the Central Bank of Nigeria (www.cbn.gov.ng).

The cost indicated above reflects the current currency rate between the USD and Naira. In order to keep you informed, we will regularly update the current rate. The exchange rate between the US dollar and the naira is the current value of the dollar. For different banks and parallel markets, the rate fluctuates.

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How Much is Dollar to Naira Official Exchange Rate Today

Black market (parallel) exchange rates are invariably different from CBN rates. Naira is now trading at 707 to the dollar. The rate at which the dollar and naira are exchanged has a significant impact on Nigeria’s economy.

The exchange rate for dollars on the black market, also known as the Aboki market, is typically higher than the rate offered by banks, which is typically controlled by the Central Bank of Nigeria (CBN). The rate at which you can purchase or sell dollars for naira is known as the CBN Exchange Rate and is displayed on the CBN’s website, cbn.gov.ng.

 

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