Black Market Dollar to Naira Today 6th 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, Thursday, 6th 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 6th July 2023
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 765 |
| Selling Rate | 765 |
Finally, Naira Nears Convergence in Black and Official Markets to Achieve Tinubu’s Aim
On Monday, July 3, 2023, the Naira experienced a slight recovery against the dollar, as demand decreased in the parallel market. The Naira strengthened by N1.00 per dollar at the parallel market, where the average exchange rate was quoted at N771, ranging between N767 and N775. This was a slight improvement compared to the N772 exchange rate recorded on Friday, June 30, 2023.
The convergence of the black market and official market rates moved closer to achieving the long-awaited foreign exchange unification, as reported by black market operators. The moderation in demand for the US dollar was attributed to the narrowing gap between the rates at the official and parallel markets. BusinessDay noted that in response to this development in June, the Naira experienced a 0.39% week-on-week decline, falling by N3 to reach N773 against the dollar in the parallel market. The operators in the foreign exchange market continued to adapt to the dynamics of supply and demand.
Meanwhile, at the Investors’ and exporters’ (I&E) window, the Naira strengthened against the dollar due to increased funds flowing into the system. Over the week, the Naira gained approximately N0.02 or 0.12%, closing at N769.25 to a dollar compared to N770.17 in the previous week.
