Black Market Dollar To Naira Exchange Rate To 7th April 2023 (Aboki Exchange )

Black Market Dollar To Naira Exchange Rate To 7th April 2023 , Aboki Exchange rate for today has emerged.

Dollar to Naira Black Market exchange rates, Bureau De Change BDC rate and Central Bank of Nigeria CBN rates, The dollar to naira today black market exchange rates in Lagos Nigeria today.

The black market dollar to naira exchange rate is the unofficial exchange rate at which foreign currencies, such as the US dollar, are traded for Nigerian naira outside the official exchange rate set by the Central Bank of Nigeria (CBN). The black market rate is usually higher than the official exchange rate because of the high demand for foreign currency and limited supply.

Dollar to Naira Exchange Rate at the Black Market (Aboki FX) on April 7th, 2023

Today April 7th 2023,  the exchange rate for a dollar to naira at the Lagos parallel market (black market) is N750 for buying and N755 for selling, according to sources at Bureau De Change (BDC).

Naira Falls At P2P, Appreciates At I&E, Black Market

On Tuesday, the Nigerian Naira experienced mixed movements against the US Dollar in the various segments of the foreign exchange (forex) market. This occurred as FX users faced challenges navigating through the market’s hurdles.

In the Peer-to-Peer (P2P) window, the Naira lost N2 against the greenback, settling at N750/$1, compared to the previous day’s rate of N750/$1. Conversely, in the black market, the Naira gained N1 against the US Dollar, trading at N738/$1, compared to Monday’s rate of N739/$1.

Similarly, in the Investors and Exporters (I&E) side of the market, the Naira appreciated by 20 Kobo or 0.04 per cent against the US Dollar, selling at N463.30/$1, in contrast to Monday’s rate of N463.50/$1. However, the day’s turnover was $55.30 million, 68.5 per cent or $120.10 million lower than the $175.40 million recorded in the preceding session.

In the interbank segment, the Naira was down against the Pound Sterling, trading at N574.97/£1, which was N4.23 lower than the previous day’s rate of N570.74/£1. Against the Euro, the Naira dipped by N1, closing at N502.11/€1, compared to the previous day’s N501.11/€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 ₦750 and the price can change (high or low) within hours.

The present buying and selling rates of United States Dollars (USD) on the unofficial parallel market are provided below for Bureau De Change (BDC) operators in Lagos and Abuja, also known as the black market.”

Official Dollar to Naira Exchange rate today 3rd April 2023

The official exchange rate between the Nigerian Naira and the US dollar is provided by the Central Bank of Nigeria (CBN) on its Currency Exchange Rate platform.

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