Dollar to Naira Black Market Exchange Rate Today can be accessed below.
Here is the current USD to Naira rate today.
See CBN & black market exchange rate for dollar to naira aboki fx.
So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. If you want to know the current black market rate, here is the page to find that.
Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Aboki fx is the most trusted source for black market dollar to naira rate today. You can find their exchange rate for today here.
Dollar to Naira Black Market Rate Today 16th November 2021
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 535 |
| Selling Rate | 540 |
What is the current dollar to naira exchange rate in parallel market? Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).
The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.
How Much is Dollar to Naira Official Exchange Rate Today
Parallel exchange rate (black market) exchange rate is always different from CBN rate. Currently, Naira is trading at 573 Naira Per Dollar. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate.
As Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.
The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng.
Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rate normally would always be lower than what is obtainable in the black market.
Meanwhile, GoldenNewsNg earlier reported that Naira fell at official window despite slight improvement in FX liquidity
Trading at the official NAFEX window
The exchange rate fell against the US dollar on Friday, 12th November 2021 to close at N415.1/$1, representing a 0.09% depreciation compared to N414.73 recorded on the previous day. In the same vein, when compared to N414.3/$1 recorded as of the previous week, the exchange rate depreciated by 0.19%.
- The opening indicative rate closed at N414.39/$1 on Friday, indicating a 11 kobo depreciation compared to N414.28/$1 recorded in the previous trading session.
- An exchange rate of N444 to a dollar was the highest rate recorded during intra-day trading before it settled at N415.1/$1, while it sold for as low as N404.57/$1 during intra-day trading.
- Forex turnover at the official window increased marginally by 10.6% to $90.7 million on Friday. A sum of $743.58 million was transacted in the week ended, 12th November 2021.
- According to data tracked from FMDQ, forex turnover at the I&E window improved slightly from $82.01 million recorded on Thursday 11th November 2021 to $90.7 million on Friday 12th November 2021.