Dollar to Naira Black Market Exchange Rate Today 16th December 2023 |Golden News

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The Dollar to Naira Black Market Exchange Rate Today 16th December 2023 has been detailed below.

Do you want to know the latest Dollar to Naira black market rate today? Currently, GoldenNewsNg will update its readers on the Dollar to Naira Black Market rate, Dollar to Naira CBN rate, and AbokiFx Rates. The Black Market rate is usually favorable to those who deal in dollars compared to the CBN rate, and those who are in charge are known as Bureau De Change[BDC] Operators or Aboki.

Important Information: Please not that Buying a Dollar means getting a dollar with naira, while Selling means exchanging your dollars for naira at the black market rate.

Dollar To Naira Black Market Rate Today

Dollar To Naira	Black Market Rate Today
Buying Rate	₦1230
Selling Rate	₦1235

Black Market/Aboki Rate Exchange Table Today

The table below outlines the black market prices for common denominations. Since the selling rate is ₦1230, we multiply it by the denomination in dollars. For example to convert $5, we multiply it by ₦1235.

Denomination in USD	Black Market Exchange Rate (₦1235 per dollar)
5	₦6,175
10	₦12,350
20	₦24,700
50	₦61,750
100	₦123,500
150	₦185,250
200	₦247,000
300	₦370,500
350	₦431,750
400	₦494,000
500	₦617,500
800	₦988,000
1000	₦1,235,000

Dollar To Naira CBN Rate Today

As of today, December 16, 2023, the Central Bank of Nigeria sells at ₦1013.12 and buys at ₦1013 This price can be obtained from the publication here www.cbn.gov.ng/rates/ExchRateByCurrency.asp.

CBN Selling Rate₦1013.12

CAD To Naira Black Market Rate

The Canadian Dollars selling rate is ₦910 while the buying rate is ₦917. Canadian dollars are not listed on the official currency page of the Central Bank of Nigeria. This price has been constant for the past few weeks compared to the other currencies.

How Much Is A Dollar To Naira Black Market Rate(Lagos)?

Lagos and Abuja are known to have one of the best black market rates in the country because of its strategic location. The rate in Lagos is ₦1230. There are different exchangers in Lagos and this price might differ with the one called for you.

How Much Is 100$ In The Black Market Today?

$100 is equivalent to ₦₦123,5000 at the rate of ₦1,235 per dollar

How Much Is 1000$ In The Black Market Today?

1000$ is equivalent to ₦1,235,000

How Much Is 5000$ In The Black Market Today?

5000$ is equivalent to ₦6,175,000

Conclusion: Today December 16, 2023, the black market increased while the CBN rate remained constant. According to Abokiforex, The selling rate today is ₦1230 while the buying rate is ₦1235. GoldenNewsNg is monitoring the rates to know if there are any changes