• About Us
  • Advertise with Us
  • Contact Us
Wednesday, November 29, 2023
GoldenNewsNG
No Result
View All Result
  • Home
  • News
    FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

    FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

    Latest Npower News, Nasims News On Payment Today 16 Oct. 2023

    NPower Payment News Today 29th November 2023 

    Niger govt concludes plans to recruit 1,000 workers into health sector

    NPower Makes New Announcement on Payment of Stipends – Read Details Here

    NPower Makes New Announcement on Payment of Stipends – Read Details Here

    NPower News on Pending Backlog Payment Update Today 28 November 2023

    NPower News on Pending Backlog Payment Update Today 28 November 2023

    ACOMIN wants governments at all levels to partner International groups to end Malaria

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
  • Home
  • News
    FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

    FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

    Latest Npower News, Nasims News On Payment Today 16 Oct. 2023

    NPower Payment News Today 29th November 2023 

    Niger govt concludes plans to recruit 1,000 workers into health sector

    NPower Makes New Announcement on Payment of Stipends – Read Details Here

    NPower Makes New Announcement on Payment of Stipends – Read Details Here

    NPower News on Pending Backlog Payment Update Today 28 November 2023

    NPower News on Pending Backlog Payment Update Today 28 November 2023

    ACOMIN wants governments at all levels to partner International groups to end Malaria

    Trending Tags

    • Commentary
    • featured
    • Event
    • Editorial
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
No Result
View All Result
Golden News
No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology
Home business

Naira to Dollar Black Market Exchange Rate Today 27th September 2023 (UPDATED)

Enudi Golden by Enudi Golden
September 27, 2023
in business, Headline, News
Reading Time: 3 mins read
Naira to Dollar Black Market Exchange Rate Today 27th September 2023 (UPDATED)
33
SHARES
FacebookShareTwitterShareWhatsappShareTelegramShare

Naira to Dollar Black Market Exchange Rate Today 27th September 2023 can be accessed below.

The Dollar to Naira exchange rate is a critical indicator for many, given the economic ties between the United States and Nigeria. As of September 27, 2023, we’ve gathered comprehensive information on the Naira to Dollar rates, including Black Market, Bureau De Change (BDC), and Central Bank of Nigeria (CBN) rates. In this article, we’ll delve into the intricacies of these rates and provide you with valuable insights.

Current Naira to Dollar Black Market Rates

What is the Dollar to Naira Today Black Market Rate?

The local currency (abokiFx) opened at ₦1,000 per $1 at the parallel market otherwise known as the black market, today, Wednesday, September 27, 2023, in Lagos Nigeria, after it closed at ₦995.00 per $1 on Tuesday, September 26, 2023.

READ ALSO

Grant: FG Opens Application for N10m Agric Project to Stimulate Fourth Industrial Revolution via Technology

FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

Detailed Table of Dollar to Naira Black Market Rates – September 26, 2023 ($1 to $10,000)

On September 26, 2023, sources from Bureau De Change (BDC) confirmed the following exchange rates for the USD to Naira  in the Lagos Black Market:

Dollar ($) Buying (₦) Selling (₦)
1 USD 990 995
2 USD 1980 1990
5 USD 4950 4975
10 USD 9900 9950
15 USD 14850 14925
20 USD 19800 19900
25 USD 24750 24875
50 USD 49500 49750
100 USD 99000 99500
500 USD 495000 497500
1000 USD 990000 995000
2500 USD 2475000 2487500
5000 USD 4950000 4975000
10000 USD 9900000 9950000

 

Central Bank of Nigeria’s exchange rates for various currencies:

Currency Abbreviation Rate (Naira to Currency)
CBN Dollar to Naira rate DOLLAR (USD) 778.60
CBN Pound to Naira rate POUND (GBP) 948.10
CBN Euro to Naira rate EURO (EUR) 824.38
CBN Swiss Franc to Naira rate SWISS FRANC (CHF) 852.05
CBN Japanese Yen to Naira rate JAPANESE YEN (JPN) 5.23
CBN West African CFA Franc to Naira rate CFA FRANC (XOF) 1.23
CBN West African Unit of Account to Naira rate WEST AFRICAN UNIT OF ACCOUNT (WAUA) 995.88
CBN Chinese Yuan to Naira rate CHINESE YUAN (CNY) 106.49
CBN Saudi Riyal to Naira rate SAUDI RIYAL (SAR) 207.55
CBN South African Rand to Naira rate SOUTH AFRICAN RAND (ZAR) 40.94

 

Here are some of the causes of the dwindling dollar-to-naira exchange rate.

Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.

Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall.

Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. If inflows are high, the naira exchange rate will rise in favour of the naira.

Speculators: Speculators frequently impact the naira-to-dollar exchange rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower.

Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Everything comes from China, India, and the majority of Asian countries.

Disclaimer: GoldenNewsNg does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

Related Posts

Grant: FG Opens Application for N10m Agric Project to Stimulate Fourth Industrial Revolution via Technology
General Information

Grant: FG Opens Application for N10m Agric Project to Stimulate Fourth Industrial Revolution via Technology

FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 
Npower

FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

Dollar to Naira Exchange Rate Update Today 29th November 2023
business

Dollar to Naira Exchange Rate Update Today 29th November 2023

Latest Npower News, Nasims News On Payment Today 16 Oct. 2023
Npower

NPower Payment News Today 29th November 2023 

Health

Niger govt concludes plans to recruit 1,000 workers into health sector

Simple Ways to Link Your NIN to Your Prepaid Meter
Technology

Simple Ways to Link Your NIN to Your Prepaid Meter

Next Post
We Are Still Fully Behind Peter Obi, Nothing Has Changed – Afenifere Says

We Are Still Fully Behind Peter Obi, Nothing Has Changed – Afenifere Says

Leave a ReplyCancel reply

JUST IN

Grant: FG Opens Application for N10m Agric Project to Stimulate Fourth Industrial Revolution via Technology

Grant: FG Opens Application for N10m Agric Project to Stimulate Fourth Industrial Revolution via Technology

FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 

What is the fastest way to learn Forex in Nigeria?

What is the fastest way to learn Forex in Nigeria?

Can I use my phone to do forex trading?

How much does it cost to start Forex in Nigeria?

From the Streets to the Court: The History and Evolution of Futsal

From the Streets to the Court: The History and Evolution of Futsal

Dollar to Naira Exchange Rate Update Today 29th November 2023

Dollar to Naira Exchange Rate Update Today 29th November 2023

Latest Npower News, Nasims News On Payment Today 16 Oct. 2023

NPower Payment News Today 29th November 2023 

Niger govt concludes plans to recruit 1,000 workers into health sector

Simple Ways to Link Your NIN to Your Prepaid Meter

Simple Ways to Link Your NIN to Your Prepaid Meter

How can I monetize my Facebook page in Nigeria?

How can I monetize my Facebook page in Nigeria?

Follow us

Categories

  • Biafra
  • Big brother Titans
  • business
  • Crime
  • Education
  • Entertainment
  • Featured
  • General Information
  • Headline
  • Health
  • Insurance
  • Jamb & All Education News
  • Jobs
  • Lifestyle
  • LOAN & INVESTMENT
  • News
  • Npower
  • NYSC
  • Opinion
  • Politics
  • Relationship
  • Scholarship/ Opportunities
  • SPONSORED POST / GUEST POST
  • Sports
  • Technology
  • Tour
  • World News

Recent Posts

  • Grant: FG Opens Application for N10m Agric Project to Stimulate Fourth Industrial Revolution via Technology
  • FG Gives Update on Delayed NPower Payment of Stipends as Beneficiaries Protest 
  • What is the fastest way to learn Forex in Nigeria?
  • How much does it cost to start Forex in Nigeria?
  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions

© 2022 Golden News

No Result
View All Result
  • Home
  • News
  • Npower
  • Jobs
  • NYSC Info
  • Education
  • Business
  • Entertainment
  • Sports
  • Technology

© 2022 Golden News

YOU WANT LATEST UPDATES?

JOIN OUR TELEGRAM CHANNEL NOW
X