What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
Find below the Dollar to Naira Black Market exchange rate for 20th December. 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 N1235 and sell at N1238 on Wednesday 20th December 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the Dollar to Naira Black Market (parallel 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) | Dollar to Naira Black Market Exchange Rate Today |
| Buying Rate | N1235 |
| Selling Rate | N1238 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 844.85 |
| Selling Rate | 845.85 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
- BUY: naira to pound 1460
- SELL: naira to pound 1470
- BUY: naira to euro 1255
- SELL: naira to euro 1275
Canadian Dollar to Naira rate
- BUY: naira to canadian dollar 900
- SELL: naira to rand 950
South African Rand to Naira rate
- BUY: zar to naira 50
- SELL: yuan to naira 65
UAE Dirham to Naira rate
- BUY: naira to Dirham 290
- SELL: naira to Dirham 310
Chinese Yuan to Naira rate
- BUY: naira to Yuan 125
- SELL: Yuan to naira 135
Ghanaian Cedi to Naira rate
- BUY: naira to cedi 85
- SELL: naira to cedi 100
West African CFA franc to Naira rate
- BUY: naira to xof1735
- SELL: naira to xaf1750
Central African CFA franc to Naira rate
- BUY: naira to xaf 1650
- SELL: naira to xaf 1700
Australian Dollar (Aussie) to Naira rate
- BUY: aussie to naira 600
- SELL: australian dollar to naira 650
Dollar to Naira Black Market Exchange Rates Yesterday:
For reference, the black market closed at ₦1197/$1, determined by the average dollar to naira rates traded at various platforms.
FG Denies Having A Hand In Wike And Fubara’s Rift
Official Bank Rates (CBN):
The Central Bank of Nigeria (CBN) sets the official exchange rate:
- Buying: ₦831.47 for $1
- Selling: ₦833.48 for $1
Under these official rates, the CBN acquires one US dollar for ₦831.47 and sells it for ₦833.48 through authorized dealers.
Dollar to Naira Bank Rates Today:
Data from various banks indicates the average Dollar to Naira Exchange Rate Today:
GTBank:
- Buying: ₦844.85 for $1
- Selling: ₦990 for $1
Access Bank:
- Buying: ₦993/USD
- Selling: ₦990/USD
Zenith Bank:
- Buying: ₦993/USD
- Selling: ₦997/USD
Guaranty Trust Bank (GTBank):
- Buying: ₦997.83/USD
- Selling: ₦990/USD
First Bank of Nigeria fx rate:
- Buying: ₦844.85/USD
- Selling: ₦975/USD
United Bank for Africa (UBA) Exchange rate:
- Buying: ₦991.83/USD
- Selling: ₦997.83/USD
Inquiries Regarding Aboki Dollar to Naira Black Market Exchange Rate Today:
Does Aboki Forex Engage in Currency Trading or Exchange?
Answer: No, Aboki Forex is not involved in the trading or exchange of currencies. It serves as an informational platform, providing details on currency exchange rates across different markets.
How Can I Exchange Currency?
Answer: To exchange currency, contact your local currency exchange market or a bank. They will provide current exchange rates and assist in the exchange process.
Is the Accuracy of Black Market Exchange Rates Consistent Across All Markets?
Answer: No, Black Market Rates provided by Aboki Forex may not exhibit uniform accuracy across all markets. These rates serve as representative averages in local markets and can fluctuate between different locations due to the lack of regulation.
What Sets Apart CBN, I&E, and Dollar to naira today black market exchange rates.
Answer: CBN rates are established by the Nigerian central bank for official purposes. Investors’ and Exporters’ (I&E) rates are regulated for investment and foreign exchange transactions. Black Market Rates represent unofficial rates in the unregulated market, differing substantially from CBN and I&E rates.
Nigeria’s Capital Market Continues Bullish Streak, Investors Reap N35.6 Billion Gains.
In a testament to the resilience of Nigeria’s capital market, investors celebrated a bullish run on Tuesday, pocketing an impressive N35.6 billion in gains. The upbeat performance was driven by the market capitalization’s growth, climbing from N39.62 trillion to N39.66 trillion after five hours of trading.
The All-Share Index (ASI) mirrored this positive trend, witnessing a rise of 65.1 basis points to close at 72,470.10. This upward movement marked a notable increase from the 72,404.91 recorded by the bourse the previous day.
The market’s breadth displayed a favorable pattern, with 35 stocks making gains, 13 experiencing declines, and 69 remaining unchanged. This diversity in stock movement underscored the dynamic nature of the market and the varied performance of listed companies.
Leading the pack of gainers was INFINITY, which recorded an impressive 9.93% growth in share price, closing at N3.10 compared to its previous value of N2.82 per share. The surge in INFINITY’s share price contributed significantly to the overall positive sentiment in the market.
The bullish run is indicative of the confidence and optimism among investors, as they continue to navigate the dynamic landscape of Nigeria’s capital market. The positive market breadth and substantial gains suggest a buoyant atmosphere, encouraging both seasoned and novice investors to actively participate in trading activities.
As 35 stocks witnessed upward movement, and the market capitalization experienced a healthy boost, the Nigerian capital market remains an attractive and lucrative avenue for investment. Investors are keenly observing these trends, analyzing potential opportunities, and making strategic moves to capitalize on the market’s favorable conditions.
The positive trajectory in the capital market is a positive sign for the broader economy, reflecting stability and resilience amid various challenges. As the market maintains its bullish run, stakeholders anticipate continued positive outcomes, further solidifying Nigeria’s position as a vibrant hub for financial activities in the region.
