Black Market Dollar to Naira Today 29th June 2023, Aboki exchange rate has emerged and published on GoldenNewsNg …
Stay updated with the latest black market exchange rate of Dollar to Naira for today, 29th June 2023, as Aboki exchange rate emerges. Find the current rates and trends on GoldenNewsNg for the most accurate and up-to-date information on the dollar to naira exchange rate in the black market.”
GoldenNewsNg has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market. As of now, you can purchase 1 dollar at ₦770 and sell it at ₦775, however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.
Dollar to naira black market exchange rate today black market (Aboki dollar rate):
Black Market Dollar to Naira Today 29th June 2023
currency dealers in Abuja Zone 4 market, Lagos, Nigeria said a dollar was bought at the rate of ₦770 and sold at the rate of ₦775 today.
Exchange Rate of Dollar To Naira in Black Market Today?
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 770 |
| Selling Rate | 775 |
The local currency (abokiFx) opened at N770 per $1 at the parallel market otherwise known as the black market, today, Thursday, 29th June 2023 in Lagos Nigeria, after it closed at N780 per $1.
IMPORTANT NOTE: Please note that the exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy or sell 1 dollar at 770 and the price can change (high or low) within hours.
Current Dollar To Naira CBN Exchange Rate Today 29th June 2023
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 840 |
| Selling Rate | 840 |
As of yesterday 28th June 2023, Naira experienced a significant depreciation against the US dollar in both the official Investors and Exporters (I&E) window and the parallel market. At the I&E window, the naira initially traded at N840 to a dollar but eventually settled at N770.17. Similarly, at the parallel market, the naira depreciated to N773 against the US dollar. This depreciation marks a notable milestone, with the exchange rate reaching its highest point ever recorded. The previous record of N815 to a dollar has now been surpassed, reflecting the ongoing fluctuations in the exchange rate since the Central Bank of Nigeria (CBN) began floating the naira.
However, by the end of the business day, the exchange rate further depreciated and closed at N768 to a dollar.
Approximately two weeks ago, Nigeria implemented a market-driven exchange rate policy, resulting in a significant depreciation of the local currency. The exchange rate went from N471 to a dollar to over N700 to one dollar.
Reports indicate that the Investors and Exporters (I&E) window observed a turnover of $198.13 million on Monday, June 26, 2023. Since the introduction of the revised window, the total turnover has amounted to approximately $1.4 billion.
Over the past week, the exchange rate has displayed fluctuations, ranging between N750 and N770 to a dollar. It reached an intra-day high during this period.
