GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Black Market Dollar to Naira Today 8th October 2023 – Latest Exchange Rate

Enudi Golden by Enudi Golden
January 11, 2024
in business, Headline, News
Reading Time: 2 mins read
Black Market Dollar To Naira Today November 2023
187
SHARES
Advertisements

Black Market Dollar to Naira Today – Latest Exchange Rate for dollar to naira cbn , dollar to naira black market and aboki fx.

Stay updated on the black market dollar to naira exchange rate today. Discover the current dollar to naira rate, fluctuations, and the impact on the Nigerian economy.


Black Market Dollar to Naira Today – Latest Exchange Rate

READ ALSO

CreditCorp disburses loans to 100,000 Nigerians in six months- See How to Apply

CREDICORP to Provide Consumer Credit for All Working-Class Nigerians

For those seeking the most recent information on the black market dollar to naira exchange rate today, we’ve got you covered. In this article, we’ll provide insights into the current dollar to naira rate in the black market, along with an analysis of fluctuations and their implications for the Nigerian economy.

Understanding the Black Market Exchange Rate

The black market exchange rate, often referred to as the parallel market rate, plays a significant role in Nigeria’s financial landscape. It’s essential to note that this rate is highly dynamic and subject to rapid changes due to various factors, including supply and demand dynamics, economic conditions, and global events.

 

Current Black Market Exchange Rate (8 October 2023)

As of today, 8 October 2023, the black market exchange rate for the dollar to naira is a crucial metric to monitor. The exchange rate opened at N1000.00 per $1, consistent with the closing rate on Sunday, 8 October 2023. Here’s a breakdown of the specific rates:

  • Buying Rate: N994 per $1
  • Selling Rate: N1000 per $1

It’s vital to emphasize that these rates are subject to change, and fluctuations can occur within a matter of hours.

Implications for the Nigerian Economy

The black market dollar to naira exchange rate can have far-reaching implications for Nigeria’s economy. While the Central Bank of Nigeria (CBN) does not officially recognize the black market rate, it remains a crucial indicator of market sentiment and economic stability.

Fluctuations and Trends

Recent days have seen fluctuations in the black market rate. On Sunday, 8 October 2023, market participants were buying a dollar for N994 and selling it for N1000. This marked a shift from Friday, 6 October 2023, when the buying rate was N995, and the selling rate was N1005.

To provide additional context, the week began with the black market rate at ₦1008 on Monday, October 2, 2023, in Lagos, Nigeria. The previous week, on Monday, September 25, 2023, it opened at ₦995.

Disclaimer:

It’s crucial to note that the source of this information, GoldenNewsNg, does not set or determine forex rates. Official exchange rates are obtained from the FMDQOTC (Financial Markets Dealers’ Quotation Over-The-Counter) website, while parallel market rates (black market rates) are sourced from various outlets, including online media platforms.

To stay updated on the latest black market dollar to naira exchange rates, individuals and businesses should monitor GoldenNewsNg daily updates on dollar to naira exchange rate and other  sources and exercise caution in forex transactions. Compliance with CBN guidelines and the utilization of the official I&E window is advisable for forex transactions to ensure regulatory compliance and transparency.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Recent Updates On Npower And Nasims Payment Today 8th October 2023

Next Post

US Diversity Visa Lottery 2024/2025 Application Begins – How To Register

Related Posts

CreditCorp disburses loans to 100,000 Nigerians in six months- See How to Apply

CREDICORP Disburses Loans to 100,000 Nigerian

CREDICORP Disburses Loans to 100,000 Nigerians in 6 Months — See How to Apply   Barely six months after receiving...

Read moreDetails

CREDICORP to Provide Consumer Credit for All Working-Class Nigerians

CREDICORP Disburses Loans to 100,000 Nigerian

CREDICORP to Provide Consumer Credit for All Working-Class Nigerians   The Nigeria Consumer Credit Corporation (CREDICORP) has unveiled an ambitious...

Read moreDetails

Official NIMASA Salary Structure and How to Get a Job at NIMASA (2025 Guide)

NIMASA Salary Structure

Official NIMASA Salary Structure and How to Get a Job at Nigeria Maritime (2025 Guide)   If you’ve ever thought...

Read moreDetails

How to use NELFUND Tracking ID to Check your Loan Status 

NELFUND Tracking ID

How to Use NELFUND Tracking ID to Check Your Loan Status in 2025 The Nigerian Education Loan Fund (NELFUND) has...

Read moreDetails

FG Launches TVET 2025 Entrance Exam for 30,000 Students Nationwide, Promises Skills Training, Certification & Business Support

TVET Entrance Examination 2025

Over 30,000 students across Nigeria sat for the TVET Entrance Examination 2025 on Saturday, as the Federal Government officially flagged...

Read moreDetails

Direct Link to Apply for FG Youth Forex Trading Training Program 

FG Youth Forex Trading Training Program 

Direct Link to Apply for FG Youth Forex Trading Training Program  In a significant step towards tackling youth unemployment and...

Read moreDetails

Federal Government Officially Flags Off TVET Empowerment Program for Over 30,000 Nigerian 

TVET Empowerment Program

Federal Government Officially Flags Off TVET Empowerment Program for Over 30,000 Nigerian  The Federal Government of Nigeria has officially flagged...

Read moreDetails

Benue SUBEB Announces Collection of Appointment Letters for Successful Applicants

Benue SUBEB Announces Collection of Appointment Letters for Successful Applicants

The Benue State Universal Basic Education Board (SUBEB) has announced that successful candidates from its recently concluded recruitment exercise are...

Read moreDetails

FG Extends CEDF Application deadline to June 30, 2025 – Grants, Loans, Equity Funding Still Available for Nigerian – APPLY NOW

FG Extends CEDF Application deadline to June 30, 2025 - Grants, Loans, Equity Funding Still Available for Nigerian - APPLY NOW

The Federal Government of Nigeria has announced an extension of the application deadline for the Creative Economy Development Fund (CEDF)...

Read moreDetails

Ondo State Disburses N1.2 Billion in Conditional Cash Transfer to 16,255 Beneficiaries

Ondo State Disburses N1.2 Billion in Conditional Cash Transfer to 16,255 Beneficiaries

In a move to reduce economic hardship and support struggling families in Nigeria, the Ondo State Government has started disbursing...

Read moreDetails
Load More
Next Post
US Diversity Visa Lottery 2024/2025 Application Begins - How To Register

US Diversity Visa Lottery 2024/2025 Application Begins - How To Register

SEARCH ADS

Latest Posts

CREDICORP Disburses Loans to 100,000 Nigerian
Headline

CreditCorp disburses loans to 100,000 Nigerians in six months- See How to Apply

CREDICORP Disburses Loans to 100,000 Nigerian
Headline

CREDICORP to Provide Consumer Credit for All Working-Class Nigerians

NIMASA Salary Structure
Headline

Official NIMASA Salary Structure and How to Get a Job at NIMASA (2025 Guide)

NELFUND Tracking ID
Education

How to use NELFUND Tracking ID to Check your Loan Status 

TVET Entrance Examination 2025
Headline

FG Launches TVET 2025 Entrance Exam for 30,000 Students Nationwide, Promises Skills Training, Certification & Business Support

FG Youth Forex Trading Training Program 
Headline

Direct Link to Apply for FG Youth Forex Trading Training Program 

TVET Empowerment Program
Headline

Federal Government Officially Flags Off TVET Empowerment Program for Over 30,000 Nigerian 

Benue SUBEB Announces Collection of Appointment Letters for Successful Applicants
Headline

Benue SUBEB Announces Collection of Appointment Letters for Successful Applicants

FG Extends CEDF Application deadline to June 30, 2025 - Grants, Loans, Equity Funding Still Available for Nigerian - APPLY NOW
Headline

FG Extends CEDF Application deadline to June 30, 2025 – Grants, Loans, Equity Funding Still Available for Nigerian – APPLY NOW

Ondo State Disburses N1.2 Billion in Conditional Cash Transfer to 16,255 Beneficiaries
Headline

Ondo State Disburses N1.2 Billion in Conditional Cash Transfer to 16,255 Beneficiaries

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News