“What is the US Dollar to Naira Exchange rate at the black market today July 27, 2023, which is also known as the parallel market (Aboki fx or Aboki exchange rate)?
Find below the black market Dollar to Naira exchange rate for today Thursday, July 27.
Selling Rate: N850
Buying Rate: N854
You can easily exchange your dollar for Naira at the black market, also known as the parallel market, where foreign currencies like the US Dollar are traded outside the official exchange rate system. This informal market, sometimes referred to as Aboki fx or Aboki exchange rate, operates alongside the official banking system and is commonly used in countries with currency exchange restrictions or when individuals seek better rates than those provided by official channels.
However, it’s important to be aware that the black market carries higher risks, as transactions are not protected by the same regulations and safeguards as official banking channels. To avoid any issues, exercise caution and only engage in transactions with reputable and trustworthy parties.
Keep in mind that exchange rates in the black market can fluctuate frequently due to various economic factors and market conditions. For the most current and accurate rates, it’s advisable to stay updated with reliable sources.
How much is dollar to naira black market today?
Dollar to naira exchange rate today black market yesterday (Aboki dollar rate):
Insiders from the Bureau De Change (BDC) reported fluctuating exchange rates between the US dollar and the Nigerian naira on Wednesday, July 26, 2023, across various markets. In the Lagos Parallel Market, popularly referred to as the Black Market, the buying rate for a dollar was N850, with the selling rate at N854. On the other hand, at the Investors and Exporters (I&E) window, the dollar to naira exchange rate experienced initial highs, peaking at N787, but eventually settled at N778 by the close of the day.
- CBN Official Naira to Dollar exchange rate today July 26 2023
- CBN Official Naira to Dollar exchange rate today July 27 2023
- CBN Official Naira to Dollar exchange rate today July 23 2023
Please note that the Central Bank of Nigeria (CBN) does not officially recognize or endorse the activities of the parallel market, commonly known as the black market, for foreign exchange. The CBN has directed individuals seeking foreign exchange to approach authorized banks for their foreign currency needs.
The dollar to naira black market exchange rate today Monday, July 27, 2023 is as follows:
Dollar to Naira Black Market Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N854 |
| Selling Rate | N850 |
This means that you can buy 1 dollar for 854 naira, and you can sell 1 dollar for 850 naira at Aboki exchange rate.
Aliexpress dollar to naira exchange rate today
As of today, the exchange rate for the dollar to the Nigerian naira on AliExpress is 784.84 Naira per dollar. If you have a domiciliary account, you have the option to purchase directly from your account. Additionally, AliExpress now allows users to make purchases in Nigerian naira instead of requiring payments in foreign currency.
1000 Naira to dollar conversion rate will give you N850,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦85,000.
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How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on July 27, 2023, is as follows:
- Buying rate: N784.84/$
- Selling rate: N785.84/$
This means that you can buy 1 US dollar for N784.84, and you can sell 1 US dollar for N785.84.
CBN Official Naira to Dollar exchange rate today July 27 2023
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on July 27, 2023, is as follows:
- Buying rate: N850.72/€
- Selling rate: 862.72/€
This means that you can buy 1 euro for 850.72 naira, and you can sell 1 euro for 862.72 naira.
Pound To Naira Black market exchange rate ngnrates.com.
Pound to naira exchange rate at the Investors and Exporters (I&E) window on July 27, 2023:
- Buying rate: 1,048.30 naira
- Selling rate: 1,048.60 naira
This means that you can buy 1 pound for 1,048.30 naira, and you can sell 1 pound for 1,048.60 naira.
The I&E window is the official exchange rate window in Nigeria. It is a platform where authorized dealers can trade foreign exchange. The exchange rate at the I&E window is determined by supply and demand.
Please note that the exchange rate can change at any time, so it is always best to check the latest rates before you make a transaction. You can do this by visiting the website of a reputable currency exchange bureau or by using a currency converter online.
Central Bank of Nigeria Orders Banks to Unfreeze Crypto and Fintech Company Accounts.
The Central Bank of Nigeria (CBN) has issued a new directive to banks, ordering them to unfreeze the accounts of various entities, including cryptocurrency, foreign exchange investment, and Bureau De Change companies. According to the circular, dated July 25, 2023, the CBN has specifically directed banks to lift the post-no-debit restrictions on accounts belonging to Yellow Card Financial, a prominent crypto exchange, and 439 other individuals and companies.
The list of entities with unfrozen accounts also includes Rise Vest Technologies Limited, Chaka Technologies Limited, Bamboo Systems Technology Limited, and Trove Technologies Limited.
This decision comes after a previous action taken in August 2021 under the leadership of suspended CBN governor Godwin Emefiele. At that time, the CBN obtained a court order to freeze the accounts of these fintech firms for a period of 180 days to investigate alleged serious foreign exchange infractions.
The investigation centered around potential violations of the Foreign Exchange (Monitoring and Miscellaneous Provisions) Act and the Central Bank of Nigeria foreign exchange manual, specifically related to foreign exchange transactions and lack of documentation.
Interestingly, the recent circular from the CBN does not offer specific reasons for the decision to lift the Post-No-Debit restrictions on these accounts. Banks have been directed to inform the account holders affected by this development accordingly.
Also see: CBN Official Naira to Dollar exchange rate today July 27 2023
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