Black Market Dollar to Naira Today 21st November 2023 ( Aboki Exchange )

Black Market Dollar to Naira Today 21st November 2023, Aboki exchange rate has emerged…

Access the dollar to naira black market exchange rate for today 21st November 2023, on GoldenNewsNg.

Dollar to naira black market exchange rate today black market (Aboki dollar rate):

Black Market Dollar to Naira is how much,

Here are currency dealers in Abuja Zone 4 market, Lagos, Nigeria said a dollar was bought at the rate of ₦‎1140 and sold at the rate of ₦1150 today.

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How Much Is Dollar To Naira Exchange Rate Today?

GoldenNewsNg understands that the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1140 and sell at N1150 as of the time of filing this report.

Exchange Rate of Dollar To Naira in Black Market Today?

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	1140
Selling Rate	1150

The local currency (abokiFx) opened at N1140 per $1 at the parallel market otherwise known as the black market, today, Tuesday, 21st November 2023 in Lagos Nigeria, after it closed at N1130 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 ₦1140 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.”

Black Market Exchange Rate for Most Used Currency in Nigeria

Currency	Buying Rate	Selling Rate
USD to NGN	₦1140	₦1150
GBP to NGN	₦
EUR to NGN	₦1200	₦1300
CAD to NGN	₦870	₦900
ZAR to NGN	₦50	₦65
AED to NGN	₦290	₦310
CNY to NGN	₦120	₦130
GHS to NGN	₦80	₦95
XOF to NGN	₦1570	₦1570
XAF to NGN	₦1470	₦1500

Official Dollar to Naira Exchange rate today 21st November 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.

Frequently Asked Questions (FAQ)

Q: Where can I find the most accurate dollar to Naira exchange rates?

A: To obtain the most accurate and up-to-date dollar to Naira exchange rates, it is advisable to consult authorized financial institutions, such as banks or official forex trading platforms. meanwhile, GoldenNewsNg.com always publish updated dollar to naira rate.

Q: Why does the black market exist if the CBN does not recognize it?

A: The black market exists due to various factors, including limited access to official channels for foreign exchange transactions and the demand for foreign currencies that exceeds the available supply. However, engaging in transactions through the black market may involve certain risks, such as potential fraudulent activities or unfavorable rates.