The black market Dollar to Naira rate popularly known as Aboki exchange rate Today 8th May 2023 can be accessed below.
Kindly be informed that the exchange rate is prone to changes on an hourly basis, and this is largely determined by the demand and supply of dollars in the market. Currently, the purchase rate for one US dollar stands at ₦740 while the selling rate is at ₦745. However, it is crucial to bear in mind that the exchange rate can fluctuate significantly (either upwards or downwards) within a few hours.
CBN Dollar to Naira Exchange Rate Today 8th May 2023:
| USD to NGN | Buying Rate | Selling Rate |
|---|---|---|
| 1 USD | 460 NGN | 460 NGN |
Black Market (Aboki) Dollar to Naira Exchange Rate as of 7th May 2023 :
| USD to NGN | Buying Rate | Selling Rate |
|---|---|---|
| 1 USD | ₦740 | ₦745 |
Please keep in mind that these rates are subject to change frequently and may not be accurate at the time of viewing.
Euro to Naira Black Market
Today’s Euro to Naira black market rate: This is the rate at Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
black market rate dollar to naira
| Euro to Naira (EUR to NGN) | Exchange Rate Today |
| Buying Rate | ₦760 |
| Selling Rate | ₦780 |
Pounds to Naira Black Market
Today’s Pounds to Naira black market rate: this is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Great British Pounds currency (Pounds) is currently in Abuja, Kano, Lagos. There might be slight variations in the different parallel (unofficial) markets.
| Pounds to Naira (GBP to NGN) | Exchange Rate Today |
| Buying Rate | ₦910 |
| Selling Rate | ₦930 |
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 | ₦31 |
| Selling Rate | ₦38 |
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 | ₦155 |
| Selling Rate | ₦165 |
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 | ₦80 |
| 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.
CAD to Naira Black Market – Canadian dollar to naira
Today’s CAD to Naira black market rate: this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency (CAD) currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.
CBN Official Naira Exchange Rates
The exchange rate between the Naira and the US dollar, according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official.
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 5/2/2023 | US DOLLAR | 459.85 | 460.35 | 460.85 |
| 5/2/2023 | POUNDS STERLING | 573.8468 | 574.4708 | 575.0947 |
| 5/2/2023 | EURO | 504.2255 | 504.7738 | 505.322 |
| 5/2/2023 | SWISS FRANC | 512.0824 | 512.6392 | 513.196 |
| 5/2/2023 | YEN | 3.3468 | 3.3504 | 3.3541 |
| 5/2/2023 | CFA | 0.7511 | 0.7611 | 0.7711 |
| 5/2/2023 | WAUA | 619.0805 | 619.7537 | 620.4268 |
| 5/2/2023 | YUAN/RENMINBI | 66.5168 | 66.5896 | 66.6623 |
| 5/2/2023 | RIYAL | 122.6201 | 122.7535 | 122.8868 |
| 5/2/2023 | SOUTH AFRICAN RAND | 25.0231 | 25.0503 | 25.0775 |
What is $1 to naira in Black market?
1 dollar to naira black market – how much is naira to dollar
$1 is ₦ 745
How much is $100 in black market today?
$100 is ₦ 74,500
How much is $100 US in Nigeria?
$100 is ₦ 74,500
What is $1 to naira in black market?
How much is $100 US in Nigeria?
How much is $100 in black market today?
Naira exchange rate to US dollar improves in one month despite 46% drop in FX
Naira’s Performance Against Dollar in April 2023
At the Unofficial Market
The Naira’s impressive performance against the US dollar in April 2023 was notable, especially given the decrease in forex transactions. It was a better performance at the black market as the Naira closed the month of April at N739/$1, which represents a significant improvement from N752/$1 it kicked off the month.
Dollar Supply at the Official Market
According to FMDQ Securities data, the turnover of dollars traded in the foreign exchange market’s Investors and Exporters (I&E) window fell by 46% month-on-month (MoM) to $1.4 billion in April 2023 from $2.6 billion in March. This contradicts the sharp increase in March when the I&E turnover rose by 52.9 percent from $1.7 billion in February 2023.
Nigerian Breweries Blames CBN
Meanwhile, in another report, Nigerian Breweries disclosed that it experienced a decline in revenue of N10.71 billion in its Q1 2023 financial result. The NB board attributed the drop in revenue to several challenges, including CBN’s naira redesign policy. The CBN announced the withdrawal of the old 1000, 500, and 200 naira notes in February, which led to a severe cash scarcity.
