What is the US Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx or Aboki exchange rate)? Find below the black market Dollar to Naira exchange rate for 11th July. You can easily 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):
According to sources at Bureau De Change (BDC), on Tuesday, July 11, 2023, the exchange rate for a dollar to the Nigerian naira in the Lagos Parallel Market, also known as the Black Market, stood at buying rate of N780 and selling rate of N785. After initially rising to N775/$, the dollar to naira exchange rate at the Investors and Exporters (I&E) window closed at N780/$.
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 Wednesday, July 12, 2023 is as follows:
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N790 |
| Selling Rate | N796 |
This means that you can buy 1 dollar for 790 naira, and you can sell 1 dollar for 796 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 780.50 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 N796,000.
How much is $100 in black market today?.
Now, How much is $100 US in Nigeria?
- $100 USD in black market today will give you ₦79,600.
How Much is 1 dollar to naira official exchange rate today.
The dollar to naira exchange rate at the Investors and Exporters (I&E) window on July 12, 2023, is as follows:
- Buying rate: N780.50/$
- Selling rate: N782.50/$
This means that you can buy 1 US dollar for N780.50, and you can sell 1 US dollar for N782.50.
Euro To Naira Black market exchange rate ngnrates.com
The euro to naira exchange rate on July 12, 2023, is as follows:
- Buying rate: N860.72/€
- Selling rate: 862.72/€
This means that you can buy 1 euro for 860.72 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 12, 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’s capital market in all-time high as investment value rises by N580bn
On Tuesday, the equity capitalization in the Nigerian capital market experienced a growth of 1.64 percent. This resulted in an increase of N580 billion, raising the total investments in the market from N35.17 trillion to N35.75 trillion by the end of the trading day. The All-Share Index also rose by 1,065.6 basis points, closing at 65,669.29 compared to the previous day’s 64,603.69. However, the current figure fell short of the record high of 66,162.17 reached on February 25, 2008.
During Tuesday’s trading session, investors sold 844.71 million shares valued at N9.41 billion in 8,922 deals. This was a decline compared to the previous day when shareholders traded 1.83 billion shares worth N22.03 billion in 14,584 deals.
Some of the top gainers included Sovereign Insurance, whose share value increased by 10 percent, Omatek, which gained 10 percent, Chellaram, which rose by N0.16 kobo, and FTN Cocoa, which saw a rise of N0.35 kobo in its share price. Transcorp Hotel also recorded a significant increase in its share price.
On the other hand, Consolidated Hallmark Insurance topped the list of losers, followed by Champion Breweries, Mc Nichols, PZ, and UPDC REIT, all experiencing drops in share prices.
In terms of trading volume, Chams led the way with 91.71 million shares valued at N117.14 million, followed by FCMB with 78.67 million shares worth N551.89 million. Universal Insurance and UBA also had substantial trading volumes.
Overall, the Nigerian capital market showed positive growth on Tuesday, with increased capitalization and the All-Share Index rising.
Official naira to dollar rate today July 12 2023
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