The dollar to naira black market exchange rate today , The dollar to naira exchange rate at the Investors and Exporters (I&E) window and Aboki exchange rate for today Monday June 26, 2023 can be found here on Ejes Gist News.
Dollar to naira exchange rate today black market | Aboki Exchange Rate Today dollar to naira
On Sunday, June 25, 2023, currency traders at the Bureau de Change (BDC) sector disclosed that the exchange rate for the US dollar to the Nigerian naira on the Parallel Market closed at ₦820 per dollar while at the I & E window the dollars to thee naira closed at N819/$ after rising to N820/$.
Have you ever asked “how much is Dollar to Naira exchange rate?” in this article you will learn the latest value for the Dollar to Naira exchange rate in black market today.
The dollar to naira black market exchange rate today Monday, June 26, 2023 is as follows:
- Buying: 775 naira
- Selling: 780 naira
This means that you can buy 1 dollar for 775 naira, and you can sell 1 dollar for 780 naira at Aboki exchange rate.
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Aliexpress dollar to naira exchange rate today is N757.69 /$. If you have domiciliary account you can buy directly from your account. You can also purchase goods in Naira from Aliexpress.
1 Dollar To Naira Black Market Exchange Rate Today June 26, 2023.
1000 Naira to dollar conversion rate will give you N780,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦78,000.
How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on June 26, 2023, is as follows:
- Buying rate: N757.69/$ naira
- Selling rate: N758.69/$ naira
This means that you can buy 1 US dollar for N823.00/$ naira, and you can sell 1 US dollar for N817.50/$ naira.
The euro to naira exchange rate on June 26, 2023, is as follows:
- Buying rate: 902 naira
- Selling rate: 903 naira
This means that you can buy 1 euro for 902 naira, and you can sell 1 euro for 903 naira.
Pound to naira exchange rate at the Investors and Exporters (I&E) window on June 26, 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.
Nigeria torn between low interest rates, strong naira as foreigners swirl.
It feels like déjà vu in Nigeria as the year 2016 repeats itself.
Once again, Africa’s largest economy finds itself caught between the pursuit of lower interest rates and the imperative to raise them in order to attract much-needed foreign investments that would support the naira. This critical struggle could determine the success or failure of Nigeria’s latest currency reform.
President Bola Tinubu aims to reduce interest rates, which he believes are excessively burdensome for businesses. However, foreign investors argue that the rates on naira bonds must at least double to incentivize the inflow of dollars necessary to lubricate the newly liberalized official foreign exchange market.
During the most recent auction conducted by the Central Bank of Nigeria (CBN), one-year Treasury Bills were sold at a yield of 8.2 percent. This figure is less than half of the 22.4 percent inflation rate recorded in May. Moreover, the yield on the T-Bill falls below the monetary policy rate of 18.5 percent.
To manage the government’s soaring borrowing costs, Nigeria has artificially kept the interest rates on its local bonds low for several years. Consequently, raising interest rates is not a straightforward decision, especially considering that debt service costs reached 96 percent last year, as per data from the World Bank.
