The dollar to naira black market exchange rate today and Aboki exchange rate for today Tuesday June 13, 2023.
Ejes Gist News Nigeria bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today
The value of Naira to Dollar exchange rate at black market is influenced by various economic and political factors, which determine the exchange rates on any given day. Additionally, there exists an unofficial exchange rate, known as the dollar to naira black market exchange rate, which is frequently higher than the official rate.
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Have you ever asked “how much is Dollar to Naira exchange rate?” in this article you will learn the latest value for the Dollar to Naira exchange rate in black market today.
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Having the full knowledge on how much USD to NGN black market exchange rate today, will give you a better opportunity to plan and make the right decisions.”
Dollar to naira exchange rate today black market | Aboki Exchange Rate Today dollar to naira
Experts in the Bureau de Change (BDC) industry revealed on Monday, June 12, 2023 that the current aboki exchange rate today for the US dollar to naira on the Parallel Market closed at ₦765 per dollar.
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1 Dollar To Naira Black Market Exchange Rate Today June 10, 2023.
how much is dollar to naira black market (USD to NGN rate) | USD to naira black market today |
Buying Rate | ₦ 762 |
Selling Rate | ₦ 764 |
Therefore, 1000 Naira to dollar conversion rate will give you N765,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦76,500
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Please note that the Central Bank of Nigeria (CBN), as the apex bank, does not acknowledge the parallel market (black market) and has directed Nigerians seeking to engage in Forex to approach their respective banks. Regrettably, due to the corrupt nature of Nigerian banks, it may take up to 70 days to obtain dollars through official channels. As a result, the black market remains the most dependable means of accessing dollars.
How much is Euro to naira today in black market.
Euro to naira today (€) | Euro to naira today black market exchange rate. |
Buying | ₦ 797 |
Selling | ₦ 903 |
How much is Pound to naira today in black market.
Pound to naira today (£) | pound to naira today black market exchange rate. |
Buying | ₦ 909 |
Selling | ₦ 917 |
The Canadian Dollar to Naira black market exchange rate today is N799/1c$
Rand to Naira
Today’s Rand to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Rand is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
Rand to Naira (ZAR to NGN) | Black Market Exchange Rate Today |
Buying Rate | ₦39 |
Selling Rate | ₦72 |
Dirham to Naira
Today’s Dirham to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Dirham is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
Dirham to Naira (AED to NGN) | Black Market Exchange Rate Today |
Buying Rate | ₦177 |
Selling Rate | ₦179 |
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Yuan to Naira
Today’s Yuan to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Chinese Yuan is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
Yuan to Naira (CNY to NGN) | Black Market Exchange Rate Today |
Buying Rate | ₦97 |
Selling Rate | ₦90 |
Ghanaian Cedi to Naira
Today’s Ghanaian Cedis to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Ghanaian Cedis is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
Cedi to Naira (GHS to NGN) | Black Market Exchange Rate Today |
Buying Rate | ₦79 |
Selling Rate | ₦73 |
CAD to Naira Black Market
What is the current Black Market Dollar To Naira Exchange Rate Today or the parallel market? Well, it may interest you, how much is dollar to naira Black Market Exchange rate for today sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).
The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.
How Much is 1 dollar to naira Official Exchange Rate Today.
Parallel exchange rate (black market) exchange rate is always different from CBN rate. Currently, Naira is trading at average of 771 naira per dollar. The Nigerian Economy is drastically affected by the Dollar to Naira Black Market Exchange rate.
The following is Interbank dollar to naira rate
1 Dollar to Naira Today (USD to NGN rate) | Official dollar to naira rate |
Buying Rate | 462 |
Selling Rate | 464 |
- 1 Euro to naira today official rate is 797 per €1
- 1 Pounds to naira today official rate is N777 per 1£
Dollar to Naira Bank rate today.
Banks in Nigeria sell dollars between 777 to 779 to a dollar.
Nigeria accepts WTO’s agreement on fishery activities
The Nigerian government has received praise from the Director-General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, for its acceptance of the Fisheries Subsidies agreement.
On Tuesday, Nigeria submitted its acceptance of the global fishery agreement to the WTO, a step that will guarantee the effective regulation of fishery activities.
A new agreement has been reached with the goal of putting an end to illegal, unreported, and unregulated (IUU) fishing practises, while also banning the fishing of overfished stocks.
The Nigerian government has stated that it aims to promote the growth of the country’s fisheries industry by discontinuing subsidies for fishing in unregulated high seas.
Despite the agreement not yet being in effect, certain countries remain hesitant to embrace it.
Nigeria has become the second African country to submit its acceptance of the agreement to the World Trade Organisation (WTO).
According to Okonjo-Iweala, the agreement cannot take effect until it is accepted by two-thirds of WTO members, but currently only one-third has been secured.
In her statement, she expressed her pride in the nation’s unwavering dedication to sustainable development and its affirmation of the WTO’s efforts. Nigeria’s recent acceptance of the agreement contributes to the increasing number of members who have agreed to it. So far, approximately one-third of the total number required for the agreement to take effect has been received.
The speaker expressed hope that Nigeria’s actions would inspire other governments in Africa and beyond to quickly implement the agreement and promote global cooperation for the betterment of our collective future.
Dollar To Naira Black Market Exchange Rate Today June 10 , 2023
On the other hand, John Holt topped the losers’ table after experiencing a decline of N0.15 kobo. The share price dropped from N1.55 kobo to N1.40 kobo per share. Caverton’s share price also decreased by N0.10 kobo, ending trading at N1.30 kobo from N1.40 kobo per share. Wapic saw a decline of 6.52 percent, resulting in an end-of-day trading value of N0.43 kobo from N0.46 kobo per share. Glaxo Smith’s share price dropped from N7.55 kobo to N7.15 kobo per share after losing N0.40 kobo during trading. Additionally, Stanbic IBTC experienced a decline of N1.40 kobo, dropping from N46.40 kobo to N45 per share.
In terms of trading volume, UBA took the lead, with 177.47 million shares valued at N1.72 billion. NPF Microfinance followed with 51.90 million shares worth N93.29 million. Access Corporation recorded 32.10 million shares sold, amounting to N413.99 million. Zenith Bank traded 30.92 million shares valued at N963.31 million, while Dangote Sugar sold 19.30 million shares worth N407.96 million.
Dollar To Naira Black Market Exchange Rate Today June 10 , 2023
Dollar to Naira Exchange Crisis.
The dollar to naira exchange crisis has been a major concern for Nigerians for many years. The Nigerian currency has been losing value against the dollar, causing inflation and economic instability in the country. The shortage of foreign exchange and the devaluation of the naira have made it difficult for individuals and businesses to access foreign currency. This has led to a rise in the cost of goods and services, making life difficult for the average Nigerian. Despite efforts by the government to stabilize the exchange rate, the crisis has persisted, and many Nigerians are still struggling to cope with the economic realities caused by the devaluation of the naira.
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Facts influencing exchange rate.
The following are some of the factors that can influence exchange rate in Nigeria.
Political Stability: Any insecurity or uncertainty in a country’s political climate can have an impact on its currency. If there is political unrest or uncertainty in Nigeria, for example, the Naira may weaken.
Economic Performance: A country’s currency can be influenced by the strength of its economy, which includes factors such as inflation, interest rates, and economic growth. If the Nigerian economy performs well, the Naira will likely strengthen.
Foreign Investment: Foreign investment in a country can have an effect on its currency. If foreign investors have faith in the Nigerian economy, they may invest more, causing the Naira to strengthen.
International Trade: Nigeria’s international trade activities, such as the export and import of goods and services, can also have an impact on the country’s currency. A high volume of exports may increase demand for the Naira, thereby strengthening its value.
What’s your Opinion on Dollar To Naira Black Market Exchange Rate Today June 10 , let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future.
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Thank you for using our platform to stay up-to-date on the latest news in Nigeria, specifically regarding the CBN’s dollar to naira exchange rate, Aboki Exchange Rate Today dollar to naira and the Black Market exchange rate for June 10 , 2023.