Black Market Dollar to Naira Today 4th July 2023, Aboki exchange rate has emerged and published on GoldenNewsNg …
Dollar to naira black market exchange rate today black market (Aboki dollar rate):
currency dealers in Abuja Zone 4 market, Lagos, Nigeria said a dollar was bought at the rate of ₦765 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 | 765 |
| Selling Rate | 775 |
The local currency (abokiFx) opened at N765 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 4th July 2023 in Lagos Nigeria, after it closed at N775 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 765 and the price can change (high or low) within hours.
Current Dollar To Naira CBN Exchange Rate Today 4th July 2023
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 765 |
| Selling Rate | 765 |
Meanwhile, report has it that the Nigerian stock market is experiencing a significant boost in the wake of President Bola Tinubu’s assumption of office
Following the inauguration of Bola Tinubu as Nigeria’s 16th president, the Nigerian stock market witnessed a remarkable surge in investor confidence. On Tuesday, May 30, 2023, after just 8 hours of trading, investors made an impressive profit of over N1.51 trillion. These early indications of a pro-market stance have created an atmosphere of optimism and enthusiasm among market participants.
The Nigerian stock market exhibited exceptional performance, as evidenced by the analysis of market data obtained from NGX . Key performance indicators, such as the All-Share Index (ASI) and the equities Market Capitalisation, witnessed a remarkable increase of 5.23 percent.
Starting from a low of 52,973.88 points on the preceding trading day, the ASI soared impressively to reach 55,745.74 points.
Additionally, the market capitalization rose from N28.845 trillion to N30.353 trillion, indicating a substantial increase of N1.5 trillion.
Moreover, trading activity was vibrant, with investors engaging in 9,916 deals and exchanging 1,078,230,806 shares valued at N15.799 billion.
The positive year-to-date (YtD) return of the stock market also climbed to 8.77 percent, showcasing a favorable overall performance.
The most traded stocks, in terms of both volume and value, included Access Corporation, FBN Holdings, Transcorp, UBA, and GTCO.
The top trading volumes for these stocks were as follows:
- Access: N2.45 billion
- GTCO: N2.18 billion
- Zenith: N1.92 billion
- FBNH: N1.75 billion
- MTNN: N883 million
- UBA: N831 million
- Dangote Cement: N756 million
- Stanbic: N515 million
- Presco: N514 million
- Lafarge: N405 million
During the trading session, several stocks displayed significant gains. Nigerian Breweries, Jaiz Bank, FCMB Group, and Eterna emerged as the top performers. Nigerian Breweries observed a 10 percent increase in its share price, rising from N38.50 to N42.35.
Eterna experienced a substantial surge of 10 percent, with its share price escalating from N7 to N7.70. Similarly, FCMB Group rallied, adding 42 kobo or 10 percent to its share price, as it climbed from N4.20 to N4.62.
As investors evaluate the market’s positive momentum, a lingering question arises: how long will the market rally continue?
