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Dollar to Naira: Aboki Exchange Rate Today 8th May 2023

Enudi Golden by Enudi Golden
January 11, 2024
in business, Headline
Reading Time: 5 mins read
Dollar to Naira Black Market Rate Today 8th September 2023
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The black market Dollar to Naira rate popularly known as Aboki exchange rate Today 8th May 2023 can be accessed below.

Kindly be informed that the exchange rate is prone to changes on an hourly basis, and this is largely determined by the demand and supply of dollars in the market. Currently, the purchase rate for one US dollar stands at ₦740 while the selling rate is at ₦745. However, it is crucial to bear in mind that the exchange rate can fluctuate significantly (either upwards or downwards) within a few hours.

CBN Dollar to Naira Exchange Rate Today 8th May 2023:

USD to NGN Buying Rate Selling Rate
1 USD 460 NGN 460 NGN

Black Market (Aboki) Dollar to Naira Exchange Rate as of 7th May 2023 :

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USD to NGN Buying Rate Selling Rate
1 USD ₦740 ₦745

Please keep in mind that these rates are subject to change frequently and may not be accurate at the time of viewing.

Euro to Naira Black Market

Today’s Euro to Naira black market rate: This is the rate at Aboki/Bureau De Change (BDC) are selling and buying The European currency (Euro) currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.

black market rate dollar to naira

Euro to Naira (EUR to NGN) Exchange Rate Today
Buying Rate ₦760
Selling Rate ₦780

Pounds to Naira Black Market

Today’s Pounds to Naira black market rate: this is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Great British Pounds currency (Pounds) is currently in Abuja, Kano, Lagos. There might be slight variations in the different parallel (unofficial) markets.

Pounds to Naira (GBP to NGN) Exchange Rate Today
Buying Rate ₦910
Selling Rate ₦930

Rand to Naira

Today’s Rand to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Rand is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.

Rand to Naira (ZAR to NGN) Black Market Exchange Rate Today
Buying Rate ₦31
Selling Rate ₦38

Dirham to Naira

Today’s Dirham to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Dirham is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.

Dirham to Naira (AED to NGN) Black Market Exchange Rate Today
Buying Rate ₦155
Selling Rate ₦165

Yuan to Naira

Today’s Yuan to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Chinese Yuan is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.

Yuan to Naira (CNY to NGN) Black Market Exchange Rate Today
Buying Rate ₦80
Selling Rate ₦90

Ghanaian Cedi to Naira

Today’s Ghanaian Cedis to Naira black market rate is the rate Aboki/Bureau De Change (BDC) are selling and buying. The Ghanaian Cedis is currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.

Cedi to Naira (GHS to NGN) Black Market Exchange Rate Today
Buying Rate ₦65
Selling Rate ₦75

CAD to Naira Black Market – Canadian dollar to naira

Today’s CAD to Naira black market rate: this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency (CAD) currently in Abuja, Kano, and Lagos. There might be slight variations in the different parallel (unofficial) markets.

CAD to Naira (CAD to NGN) Exchange Rate Today
Buying Rate ₦ 540
Selling Rate ₦ 560

CBN Official Naira Exchange Rates

The exchange rate between the Naira and the US dollar, according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official.

Date Currency Buying(NGN) Central(NGN) Selling(NGN)
5/2/2023 US DOLLAR 459.85 460.35 460.85
5/2/2023 POUNDS STERLING 573.8468 574.4708 575.0947
5/2/2023 EURO 504.2255 504.7738 505.322
5/2/2023 SWISS FRANC 512.0824 512.6392 513.196
5/2/2023 YEN 3.3468 3.3504 3.3541
5/2/2023 CFA 0.7511 0.7611 0.7711
5/2/2023 WAUA 619.0805 619.7537 620.4268
5/2/2023 YUAN/RENMINBI 66.5168 66.5896 66.6623
5/2/2023 RIYAL 122.6201 122.7535 122.8868
5/2/2023 SOUTH AFRICAN RAND 25.0231 25.0503 25.0775

What is $1 to naira in Black market?

1 dollar to naira black market – how much is naira to dollar

$1 is ₦ 745

How much is $100 in black market today?

$100 is ₦ 74,500

How much is $100 US in Nigeria?

$100 is ₦ 74,500

 

What is $1 to naira in black market?

How much is $100 US in Nigeria?

How much is $100 in black market today?

 

Naira exchange rate to US dollar improves in one month despite 46% drop in FX

Naira’s Performance Against Dollar in April 2023

At the Unofficial Market

The Naira’s impressive performance against the US dollar in April 2023 was notable, especially given the decrease in forex transactions. It was a better performance at the black market as the Naira closed the month of April at N739/$1, which represents a significant improvement from N752/$1 it kicked off the month.

Dollar Supply at the Official Market

According to FMDQ Securities data, the turnover of dollars traded in the foreign exchange market’s Investors and Exporters (I&E) window fell by 46% month-on-month (MoM) to $1.4 billion in April 2023 from $2.6 billion in March. This contradicts the sharp increase in March when the I&E turnover rose by 52.9 percent from $1.7 billion in February 2023.

Nigerian Breweries Blames CBN

Meanwhile, in another report, Nigerian Breweries disclosed that it experienced a decline in revenue of N10.71 billion in its Q1 2023 financial result. The NB board attributed the drop in revenue to several challenges, including CBN’s naira redesign policy. The CBN announced the withdrawal of the old 1000, 500, and 200 naira notes in February, which led to a severe cash scarcity.

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