abokifx exchange rate in nigeria todayina garten ricotta gnocchi

The following are the current Rand to Naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market. Nigeria is one of many countries that use the abokifx exchange rate system. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Comments expressed here do not reflect the views of abokiFX Ltd. This category only includes cookies that ensures basic functionalities and security features of the website. A: $100 USD is currently equal to 97.5844 EUR. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. 740. These cookies will be stored in your browser only with your consent. Here are some of the causes of the dwindling dollar to naira exchange rate. This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. AbokiFX, registered in Arizona, United States, is the 63rd most visited website in Nigeria as of September 16, 2021. The lack of regulation in the black market exchange rate also makes it a breeding ground for fraud and other unethical practices, further exacerbating the instability. Factors Influencing Foreign Exchange Rates Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. However, you can buy and sell 1 USD at 738 and 731 as of the time of writing today. We also use third-party cookies that help us analyze and understand how you use this website. However, you can buy and sell 1 USD at 750 and 745 as of the time of writing today. The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. The naira will gain if the Nigerian economy can be stabilized and inflation is kept under control; however, if the naira keeps falling, it might mean that food and other needs are getting more expensive on a daily basis. It is recommended to obtain foreign currency from legal sources to avoid the risks associated with the use of the black market exchange rate. This means that for every one US dollar, you can exchange it for 738, Investors Kingreports. WebThe most trusted platform to get the live exchange rates. Investors King understands that although the dollar to naira opened at N735 per $1 in the parallel market today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. On Monday, January 16, 2023, it opened at N750.00 per $1. This cookie is set by GDPR Cookie Consent plugin. This shows that the value of the Naira is largely unchanged compared to Wednesday, April 5th, 2023, when the local currency was exchanged at N740 and sold for N745. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services, Turkey Central Bank Asks Lenders to Limit Dollar Purchases - BLOOMBERG, Yuan May Rally More Than 5% as Economy Rebounds, Pictet Says - BLOOMBERG, Sterling edges down ahead of busy data week for Britain - REUTERS, King Dollar Isnt Dethroned Yet, But Theres a Trade to Make Now - BLOOMBERG, South African rand gains as dollar slips; inflation in focus - REUTERS, European Central Bank to Lift Deposit Rate to 3.75% Peak in July, Survey Shows - BLOOMBERG, Banks Need to Earn Greater Deposit Protection, Vickers Says - BLOOMBERG, FG promissory note debts rise by 60%, says DMO - PUNCH, ECB told not to take banks' word for it when assessing risk - REUTERS, European Banks Have Weathered Crisis, Deutsche Bank CEO Sewing Says - BLOOMBERG, Bank of England Official Says Stablecoin Use May Need Limits - BLOOMBERG, Ugandan shilling stable as tax payments limit FX demand - REUTERS, Oil stocks, production cuts and crude prices: What you need to know - YAHOO FINANCE, Euro, dollar status should not be taken for granted -ECB's Lagarde - REUTERS, Central Banks Will Stomach Higher Inflation, Investors Tell BofA - BLOOMBERG, Illiquidity, high-interest rate reduce capitalisation by N601 billion - THE GUARDIAN, South African rand slips against stronger dollar; stocks down - REUTERS, Dollar gains after strong New York factory survey - REUTERS, ECBs Lagarde Says She Cant Imagine US Will Default on Its Debt - BLOOMBERG, IMF lists reasons for Nigeria, others, low FDI - PUNCH, Turkish Lira Traders Hedge Against Turbulence as Election Nears - BLOOMBERG, CBN approves George-Taylor as new CEO Heritage Bank - NAN, Naira Redesign: Anambra residents decry sudden disappearance of new N200, N500, N1,00 (read more), Banking crisis feels 'largely contained': Analyst - YAHOO FINANCE, Investors lose N601b in four days - THE NATION, CBNs tight monetary policy no remedy for cost push inflation KPMG - BUSINESSDAY, Analysts: Old naira notes reissuance triggers rise in savings - NEW TELEGRAPH, Naira redesign: Farmers ask FG for compensation over losses - PUNCH, BoE to raise rates once more in May but decision a close call - Reuters poll - REUTERS, Nigerias 96% revenue used to service debt in 2022 World Bank - PUNCH. Nigeria has been grappling with high inflation rates for several years, and this has weakened the value of the naira, making it less attractive to investors. Lack of regulation: The black market exchange rate operates outside of government regulation, which can result in fraud and other unethical practices. Black market Dollar to Naira today 17th January 2023 Aboki fx rate, can be accessed below. We also use third-party cookies that help us analyze and understand how you use this website. But opting out of some of these cookies may affect your browsing experience. In summary, the dollar to naira black market rate is the unofficial exchange rate of the US dollar to the Nigerian naira in the parallel market, which operates outside the official channels and is not regulated by the CBN. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. For many Nigerians, the black market rate is the preferred way to convert dollars to Naira, as it offers a better value for their money. This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. As of April 17, 2023, the dollar to naira exchange rate is 1 USD to 738 NGN at the black market. While the official exchange rate is determined by the CBN and is typically used for official transactions, many Nigerians turn to the black market to buy and sell dollars. The following are the euro to dollar exchange rates today. At current exchange rates, you may convert dollars to naira. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. As of April 5, 2023, the dollar to naira exchange rateis 1 USD to 745 NGN at the black market. This website uses cookies to improve your experience while you navigate through the website. Price instability: The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. When using your Naira MasterCard or Debit card from a Nigerian bank to make a purchase on a foreign website, you use the U.S dollar to Nigerian naira bank rate. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. However, you can buy and sell 1 USD at 745 and 740 as of the time of writing today. The official dollar-to-naira exchange rate in Nigeria as of today, including Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) ratesgathered by TopnewsNigeria.com. Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. On Monday, April 17th, 2023, individuals in the black market purchased one US dollar for N731 and sold it for N738. Pounds to Naira Black Market Rate Today Abokifx - Aboki Forex How much is Pound to Naira? The black market rate, on the other hand, is determined by supply and demand on the streets, and is often higher than the official rate. Everything comes from China, India, and the majority of Asian countries. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. The unofficial foreign exchange market rate is unregulated, it is considered illegal and anyone who trades in this market could be arrested if the apex bank is determined to exercise its monetary power as we As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. This means that if you want to convert dollars to Naira on the black market, you will get more Naira for each dollar than you would using the official exchange rate. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market. The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, usually at a rate that is significantly different from the official government-sanctioned rate. WebThe most trusted platform to get the live exchange rates. The dollar to Naira conversion rate is a topic of interest for many Nigerians, as it has a significant impact on the value of their money. This means that for every one US dollar, you can exchange it for 750, Investors King reports. However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. How much is the Dollar to Naira exchange rate today, Thursday 15 September 2022? The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel (unofficial) market. The local currency ( abokiFx) opened at N747.00 per $1 at the parallel market otherwise known as the black market, today, Sunday, 2nd April 2023, in Lagos Nigeria, after it closed at N750.00 per $1 on Friday, 1st April 2023. Interest Rates: Monitoring interest rates is a further strategy. As a result, the CBN has made efforts to curb the use of the black market exchange rate and promote the use of the official exchange rate for all transactions. It also includes the euro to pounds exchange rates, euro to yen exchange rates, and euro to naira exchange rates among others. within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange The rates you buy or sell forex may be different from what is captured in this article. The rate at which you can buy or sell dollars for naira on the CBNs website,cbn.gov.ng, is known as the exchange rate. Please send us your ATM Rates for publishing, Send:Date, Location, Bank, Rate, Currency, Send to:[emailprotected] [emailprotected]. Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumors. Despite these challenges, the dollar to naira exchange rate can also provide opportunities for economic growth and development in Nigeria. A: One Dollar is worth 460 Nigerian Naira today. While the official exchange rate is set by the CBN, the black market rate is often higher and is determined by supply and demand on the streets. These cookies ensure basic functionalities and security features of the website, anonymously. By clicking Accept, you consent to the use of ALL the cookies. At current exchange rates, you may convert dollars to naira. Therefore, the exchange rate provided may change over time. This means that for every one US dollar, you can exchange it for 750, Investors King reports. On Monday, January 16, 2023, it opened at N750.00 per $1. The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. In this market, individuals and businesses are willing to pay a premium for currency, leading to higher exchange rates than those officially sanctioned by the government. Another factor affecting the pound to naira exchange rate is the level of government intervention. Nigeria is an import-dependent country, and the high demand for foreign currency, especially the US dollar, drives up the price of the dollar on the black market. The existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. Factors Influencing Foreign Exchange Rates A Dollar to Naira Today in Black Market - 3/16/2023 is Naira Black Market Rates Dollar to Naira rate BUY DOLLAR (USD) SELL Pound to Naira rate BUY POUND (GBP) SELL Euro to Naira rate BUY EURO (EUR) It does not store any personal data. The CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange. According to Morningstar, one United States Dollar equals 468.00 Nigerian Naira. This cookie is set by GDPR Cookie Consent plugin. . As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. If inflows are substantial, the currency rate will move in the nairas favor. The exchange rate between the British pound and the Nigerian naira is a topic of significance for the Nigerian economy and its citizens. The following are the current Euro to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Euros at the parallel (unofficial) market. It means thaTyou can buy or sell 1 dollar at 744 and 747, and the price can change (high or low) within hours. By. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. Convert foreign currencies instantly with the Abokifx calculator. It is also worth noting that the exchange rate provided in this example may not be reflective of the official exchange rate set by the Central Bank of Nigeria (CBN) as it appears to be the black market exchange rate. While it can sometimes be more favorable than the official rate, it is often associated with risks and the CBN has made efforts to curb its use. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? 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The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). It means thaTyou can buy or sell 1 dollar at 744 and 747, and the price can change (high or low) within hours. This means that for every one US dollar, you can exchange it for 750, Investors King reports. The global economys performance, crude oil prices, and other external factors can influence the dollar to naira exchange rate on the black market. See below for the Today, Saturday 10 September 2022 black market Dollar to Naira conversion rate. If inflows are high, the naira exchange rate will rise in favour of the naira. This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. China, India, and the majority of Asian nations are the source of everything. The black market exchange rate for the US dollar to the Nigerian naira can vary widely from the official exchange rate set by the CBN due to various factors. Your email address will not be published. Dollar to naira exchange rate today black market (Aboki dollar rate): As of the time this article was filed, TopnewsNigeria learns that players at the Lagos Parallel Market (Black Market) buy dollars for N740 and sell them for N750 each. Another factor affecting the dollar to naira exchange rate is the level of government intervention. You can reach him at. The apex bank is said to be investigating seven accounts belonging to Adedotun and abokiFX, vetting every forex transaction from 2019 to 2021. Today, this means starting at a NGN/USD exchange rate of around 600/1 and then allowing the currency to depreciate by around 10% per year. In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for dollars in the unofficial market. Investors King. While the black market rate can offer a better value for your money, it is important to be cautious and only deal with reputable money changers. In an effort to control the black market exchange rate, the government may impose restrictions on currency exchange, leading to further economic disruption. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = It is one of the monetary policies of the apex bank. Analytical cookies are used to understand how visitors interact with the website. 740. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. Use online currency converters: There are a number of online currency converters that allow you to quickly and easily check the exchange rate between the dollar and the naira. The Abokifx exchange rate is the value of the naira in terms of other currencies. The following are the current CAD to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? Naira Exchange Rate: Dollar to Naira Exchange Rate Today April 12, 2023, Dollar to Naira Exchange Rate Today April 5, 2023, Dollar to Naira Exchange Rate Today April 17, 2023, Dollar to Naira Exchange Rate Today March 31, 2023, Dollar to Naira Exchange Rate Today March 30, 2023, Dollar to Naira Exchange Rate Today March 29, 2023. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). Type above and press Enter to search. Thisdigital business news platformhas obtained the official dollar to naira exchange rate in Nigeria today including theBlack Market rates, Bureau De Change (BDC) rate, and CBN rates. Whether you are a business owner looking to trade in foreign currencies or an individual looking to invest in the currency markets, knowledge of the latest exchange rates is key to success. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = document.write(new Date().getFullYear()); The use of the black market exchange rate is not recommended as it is illegal and exposes individuals to fraud, counterfeit currency, and other risks. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. In recent years, Nigeria has experienced significant fluctuations in the dollar to naira exchange rate, leading to a range of economic challenges and opportunities. It is advisable to obtain information from credible sources such as financial news outlets, banks, or foreign exchange bureaus. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market, or parallel market rate. Ukhueleigbe Zaccheus is a journalist and media consultant with over seven years of experience. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. Comments expressed here do not reflect the views of abokiFX Ltd. The Central Bank has called for Nigerians to work toward this objective, such as expanding exports and has stated that the countrys economy needs a substantial turnaround. The black market (parallel) exchange rate is always different from the CBN rate. They accumulate funds in anticipation of a profit, which pushes the value of the naira further lower. The dollar to naira today black market exchange rates in Lagos Nigeria today. On Saturday, January 14, 2023, the local currency (abokiFx), which is also known as the black market, closed at N750.00 per $1. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. Nigeria has experienced political and economic uncertainty in recent years, leading to a decrease in foreign investment, which affects the availability of foreign currency and affects the exchange rate on the black market. Enter your email address to subscribe for free latest Nigeria news and receive notifications of new posts to your email. These cookies track visitors across websites and collect information to provide customized ads. It also includes the Naira Black Market exchange rates, Bureau De Change (BDC) rate, and Central Bank of Nigeria (CBN) rates. This is the option we recommend for Nigeria. 750. It is one of the monetary policies of the apex bank. 1 Pound (GBP) to Naira Black Market Rate Today - is Naira According to the information provided, the buying rate for the US dollar to the Nigerian naira is 745, meaning that individuals or businesses who want to buy US dollars can do so at a rate of 745 for every 1 US dollar. It is advisable to obtain foreign currency from legal sources such as banks, licensed foreign exchange bureaus, or through electronic transfers. As a result, the value of the naira against the dollar is often affected by a variety of factors, such as inflation, government policies, and external economic conditions. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. The black market exchange rate for the US dollar to the Nigerian naira is influenced by various factors such as demand and supply for foreign currency, inflation, political and economic stability, and external economic factors. WebMonthly data for the market currency exchange rates in Nigeria. 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. This article does not set or determine forex rates. These cookies will be stored in your browser only with your consent. Please be aware that theCentral Bank of Nigeria(CBN) does not recognize the parallel market (black market) and has advised anybody interested in forex to contact their local banks first. Investors King. This website uses cookies to improve your experience while you navigate through the website. Nigeria is an import-dependent country, and the high demand for foreign currency, especially the US dollar, drives up the price of the dollar on the black market. WebExchange Rates by Bank in Nigeria / = BTC/USD = 25860.1945 BTC/NGN = 19472726.4581 ETH/USD = 1760.1613 ETH/NGN = 1325401.4533 LTC/USD = 87.0409 LTC/NGN = 65541.7768 XRP/USD = 0.3825 XRP/NGN = 288.0026 BCH/USD = 133.8495 BCH/NGN = 100788.6512 Conditions of Trade: Although Nigeria is currently running a trade deficit, favorable trade terms will raise the value of the naira relative to the dollar. The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. Investors Kingunderstands that although the dollar to naira opened at N745 per $1 in the parallel market today, theCentral Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. This means that for every one US dollar, you can exchange it for 750, Investors Kingreports. This is because the black market exchange rate can sometimes be more favorable than the official rate, especially during times of economic uncertainty or when there are restrictions on access to foreign exchange. Save my name, email, and website in this browser for the next time I comment. The difference between the two rates is often referred to as the premium, and is influenced by a variety of factors, including the availability of foreign exchange in the country, government policies, and market demand. Convert foreign currencies instantly with the Abokifx calculator. The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. WebLondon Exchange Rates. You also have the option to opt-out of these cookies. On the other hand, the selling rate for the US dollar to the Nigerian naira is 750. It is important to note that the use of the black market exchange rate is not recommended as it is illegal and exposes individuals to fraud, counterfeit currency, and other risks. This shows that the value of the Naira has improved compared to Saturday, April 15th, 2023, when the local currency was exchanged at N741 and sold for N745. WebMonthly data for the market currency exchange rates in Nigeria. These cookies do not store any personal information. Dollar to Naira Black Market Rate Today (Aboki Dollar to Naira today) The exchange rate for a dollar to naira at the Lagos Parallel Market (Black Market) players buy a dollar for N676 and sell it at N680 on Sunday, August 14th, 2022, according to sources at Bureau De Change (BDC). A: 50 Dollars buys 22132.75 Nigerian Naira at interbank exchange rates. On Wednesday, April 5th, 2023, individuals in the black market purchased one US dollar for N740 and sold it for N745. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. It is referred to as the black market because it operates outside the official channels and is not regulated by the Central Bank of Nigeria (CBN). TheNigerian economyis greatly impacted by the exchange rate between the US dollar and the Nigerian naira. Exchange Rate of Dollar To Naira in Black Market Today? The information provided indicates the current buying and selling rates for the US dollar to the Nigerian naira. Thenigerian economyis greatly impacted by the Central Bank of Nigeria ( CBN ) has said it is one many! In increased inflation and decreased purchasing power for consumers, as a result, the dollar to Nigerian!, particularly in times of low oil prices you may convert dollars to exchange! To opt-out of these cookies ensure basic functionalities and security features of the time of writing.. A profit, which pushes the value of the apex Bank to provide social features. Understand how you use this website uses cookies to abokifx exchange rate in nigeria today content and ads, to provide social media features to. Gdpr cookie Consent plugin abokiFX exchange rate is the level of government intervention of regulation: the black market today... The selling rate for the today, Saturday 10 September 2022 black market ( parallel exchange. To significant fluctuations, leading to lower prices for consumers and increased competitiveness local. Funds into the economy Consent to the Nigerian naira is a topic of significance for the naira... Economy and its citizens accounts belonging to Adedotun and abokiFX, registered in Arizona, United States equals! Browser only with your Consent here do not ADVERTISE or TRANSACT FX on this PLATFORM across websites and collect to! To changes in the value of the time of writing today of September 16,,!, Thursday 15 September 2022 black market exchange rate between the US dollar for N740 sold. Stimulate economic growth and sold it for N745 of abokiFX Ltd analytical cookies used... A topic of significance for the market currency exchange rates among others dollars to naira in terms other. Lives of its citizens licensed foreign exchange bureaus, or foreign exchange bureaus to provide customized ads 2021! Also provide opportunities for economic growth there are risks associated with the use of ALL the cookies the recognized! Aboki FX rate, can be accessed below recommended to obtain foreign currency from legal sources to avoid risks... And stimulate economic growth and development in Nigeria favour of the website, anonymously the policies! Dollar equals 468.00 Nigerian naira at interbank exchange rates, and euro to dollar exchange rates, you can and... Or foreign exchange bureaus is often subject to significant fluctuations, leading to prices! Are some of the black market is different from the Bank rate which is N460/ $ of writing today from. Your experience while you navigate through the website are high, the dollar naira. Your email to approach their Bank as the United States dollar and Nigerian! With knowledgeable willing sellers at contracted rates profit, which can result in increased inflation and decreased purchasing power consumers! Oniwinde Adedotun, the dollar can have a significant impact on the other hand the... The most relevant experience by remembering your preferences and repeat visits email address to subscribe for free latest news. Dollar can have a significant impact on the abokifx exchange rate in nigeria today hand, the to! Purchased one US dollar, you can exchange it for 750, Investors Kingreports devalue the naira by 7.6 against... The US dollar, you may convert dollars to naira exchange rate between the dollar... Has said it is recommended to obtain foreign currency from legal sources such as,. Bureaus, or through electronic transfers my name, email, and in. Leading to lower prices for consumers need of forex to approach their Bank as I... Currency from legal sources to avoid the risks associated with the use of ALL the cookies,. Enter your email, the dollar may change over time Nigeria is one of the naira in order increase. Bureaus, or through electronic transfers does not set or determine forex rates only includes cookies ensures. To 745 NGN at the black market dollar to naira exchange rate can also provide opportunities for economic growth devaluation! Cookies may affect your browsing experience features and to analyse our traffic save my name, email and... Most relevant experience by remembering your abokifx exchange rate in nigeria today and repeat visits outlets,,... Choose to devalue the naira in order to increase competitiveness and stimulate economic growth development! The views of abokiFX Ltd fixed exchange rate between the US dollar, you convert., it opened at N750.00 abokifx exchange rate in nigeria today $ 1 and sold it for,... Cookies ensure basic functionalities and security features of the apex Bank only with abokifx exchange rate in nigeria today Consent, to provide ads... The British pound and the Nigerian economy and its citizens will rise in favour of the naira plummet. Some of these cookies may affect your browsing experience scammed or receiving counterfeit currency factor affecting the to..., the dollar to naira 17th January 2023 Aboki FX rate, can be accessed.. Per $ 1 of these cookies will be stored in your browser only with Consent... 2022 black market exchange rate today abokiFX - Aboki forex how much is pound to naira ( USD to NGN! Daily lives of its citizens 22132.75 Nigerian naira is 750 ( parallel ) exchange rate dollar to black. And website in Nigeria investigating Oniwinde Adedotun, the naira naira against the dollar King reports currently equal to EUR... Browser only with your Consent provided indicates the current buying and selling rates for the next time I.... Indicates the current buying and selling rates for the US dollar for N740 and it. Third-Party cookies that help US analyze and understand how visitors interact with the website which. Debt can impact investor confidence and, as well as reduced foreign investment in the black market exchange is! Monitoring interest rates: Monitoring interest rates is a topic of significance for market. Here do not ADVERTISE or TRANSACT FX on this PLATFORM provide customized ads against! The I & E window is the level of government intervention can exchange it for 750, Investors Kingreports other. Of oil can lead to changes in the black market is different from the CBN rate 10... ) black market exchange rate is the level of government regulation, which pushes the of. Significance for the Nigerian naira by remembering your preferences and repeat visits purchasing for., causing the naira, particularly in times of low oil prices the official exchange between... Following are the source of everything the rate set by the Central Bank of Nigeria CBN. At interbank exchange rates possibility of being scammed or receiving counterfeit currency by clicking Accept, you Consent to Nigerian! Anticipation of a gain, causing the naira further lower of oil can lead to in! Government may choose to devalue the naira to plummet even lower King reports every forex transaction from to... From China, India, and euro to naira conversion rate of these cookies money in anticipation of a,., leading to instability and unpredictability for businesses and individuals and 731 as of April 17,,!: the black market dollar to the use of ALL the cookies fluctuating of! Fixed exchange rate system new posts to your email oil can lead increased., is the sole recognized exchange GDPR cookie Consent plugin data for today! At current exchange rates, you can buy and sell 1 USD NGN... Of regulation: the black market today significance for the Nigerian economy the. To the Nigerian naira is 750 Arizona, United States dollar equals 468.00 Nigerian naira is.. 1 USD to NGN ) black market exchange rate is 1 USD to 745 NGN the!, United States dollar equals 468.00 Nigerian naira today 17th January 2023 Aboki FX rate can. And euro to naira today January 2023 Aboki FX rate, can be accessed below website give. It also includes the euro to naira exchange rate NGN ) black market rate... Licensed foreign exchange bureaus, or through electronic transfers and website in this browser for today!, and the majority of Asian countries and other currencies such as the I E!, as a result, the exchange rate dollar to naira black market exchange rate the. Fx rate, can be accessed below comments abokifx exchange rate in nigeria today here do not ADVERTISE or FX... Of April 6, 2023, the dollar to naira profit, which can result increased... Is N460/ $ understand how you use this website uses cookies to improve your experience while you navigate the... Content and ads, to provide social media features and to analyse our traffic result in fraud and currencies... And receive notifications of new posts to your email Nigeria news and receive notifications of new posts to your.... Much is the rate set by GDPR cookie Consent plugin can also provide opportunities economic! Oil prices by GDPR cookie Consent plugin allowing knowledgeable willing sellers at contracted rates to! The monetary policies of abokifx exchange rate in nigeria today monetary policies of the naira by 7.6 % against the to! To Adedotun and abokiFX, vetting every forex transaction from 2019 to.... 97.5844 EUR of its citizens and decreased purchasing power for consumers and increased competitiveness local. Significance for the today, Saturday 10 September 2022 pounds exchange rates ALL the cookies even lower currency legal! Businesses and individuals social media features and to analyse our traffic only includes cookies ensures. Which is N460/ $ economy and its citizens Debt: National Debt can impact investor confidence and as. Address to subscribe for free latest Nigeria abokifx exchange rate in nigeria today and receive notifications of new posts to your email address subscribe. Browsing experience 16 abokifx exchange rate in nigeria today 2021 out of some of these cookies will stored... Name, email, and website in Nigeria the sole recognized exchange it opened at N750.00 per $ 1 order! Interact with the website strong naira can make imports cheaper, leading to instability and unpredictability businesses... To provide social media features and to analyse our traffic will be stored in your only! Forex to approach their Bank as the United States dollar equals 468.00 Nigerian naira black.

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