The Dollar to Naira Black Market Exchange Rate Today 7th 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.
Now that we have given you an introduction, let’s answer the question, What is the Dollar To Naira Black Market Exchange Rate for Today?. According to dealers in Zone 4, Wuse Abuja, which happens to be one of the leading BDC Centers in Nigeria, the Dollar was bought at ₦1165 and sold at ₦1170 today.
Dollar to Naira Black Market Exchange Rate Today 7th December 2023?
The table below shows the black market rate for those who want to sell and buy dollars with BDC operators or Aboki.
| Dollar To Naira | Black Market Rate Today |
| Buying Rate | ₦1165 |
| Selling Rate | ₦1170 |
Black Market/Aboki Rate Exchange Table Today
The table below outlines the black market prices for common denominations. Since the selling rate is ₦1165, we multiply it by the denomination in dollars. For example to convert $5, we multiply it by ₦1170
| Denomination in USD | Black Market Exchange Rate Today in Naira (₦1,170 per dollar) |
|---|---|
| 5 | ₦5,850 |
| 10 | ₦11,700 |
| 20 | ₦23,400 |
| 50 | ₦58,500 |
| 100 | ₦117,000 |
| 150 | ₦175,500 |
| 200 | ₦234,000 |
| 300 | ₦351,000 |
| 350 | ₦409,500 |
| 400 | ₦468,000 |
| 500 | ₦585,000 |
| 800 | ₦936,000 |
| 1000 | ₦1,170,000 |
Dollar To Naira CBN Rate Today
As of today, December 07, 2023, the Central Bank of Nigeria sells at ₦953 and buys at ₦952. This price can be obtained from the publication here www.cbn.gov.ng/rates/ExchRateByCurrency.asp.
| CBN Selling Rate | ₦953 |
| CBN Buying Rate | ₦952 |
CAD To Naira Black Market Rate
The Canadian Dollars selling rate is ₦900 while the buying rate is ₦870. Canadian dollars are not listed on the official currency page of the Central Bank of Nigeria. This price has been constant for the past few weeks compared to the other currencies.
How Much Is A Dollar To Naira Black Market Rate(Lagos)?
Lagos and Abuja are known to have one of the best black market rates in the country because of its strategic location. The rate in Lagos is ₦1165. There are different exchangers in Lagos and this price might differ with the one called for you.
How Much Is 100$ In The Black Market Today?
$100 is equivalent to ₦117,000 at the rate of ₦1,170 per dollar
How Much Is 1000$ In The Black Market Today?
1000$ is equivalent to ₦1,170,000
How Much Is 5000$ In The Black Market Today?
5000$ is equivalent to ₦5,850,000
Conclusion: Today December 07, 2023, the black market increased while the CBN rate remained constant. According to Abokiforex, The selling rate today is ₦1170 while the buying rate is ₦1165. GoldenNewsNg is monitoring the rates to know if there are any changes.
