Price of Dollar to Naira Black Market Rate Today 26 February 2024 can be accessed below..
Discover the current USD to NGN black market rate, its implications for individuals and businesses in Nigeria, and the challenges it poses to the economy. Learn about the factors influencing the exchange rate, how it compares to the official rate, and strategies to address the underlying issues.
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 Abokis.
“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 ₦1635 and sold at ₦1650 today.
The table below shows the black market rate for those who want to sell and buy dollars with BDC operators or Abokis.
| Dollar To Naira | Black Market Rate Today |
| Buying Rate | ₦1635 |
| Selling Rate | ₦1650 |
Black Market/Aboki Rate Exchange Table Today
The table below outlines the black market prices for common denominations. Since the selling rate is ₦1650, we multiply it by the denomination in dollars. For example to convert $5, we multiply it by ₦1650
| Denomination in Dollar($) | Black Market Exchange Rate Today in Naira |
| 5 | ₦8,250 |
| 10 | ₦16,500 |
| 20 | ₦33,000 |
| 50 | ₦82,500 |
| 100 | ₦165,000 |
| 150 | ₦247,500 |
| 200 | ₦330,000 |
| 300 | ₦495,000 |
| 350 | ₦577,500 |
| 400 | ₦660,000 |
| 500 | ₦825,000 |
| 800 | ₦1,320,000 |
| 1000 | ₦1,650,000 |
Dollar To Naira CBN Rate Today
As of today, February 26, 2024, the Central Bank of Nigeria sells at ₦1489 and buys at ₦1488. This price can be obtained from the publication here www.cbn.gov.ng/rates/ExchRateByCurrency.asp.
| CBN Selling Rate | ₦1489 |
| CBN Buying Rate | ₦1488 |
CAD To Naira Black Market Rate
The Canadian Dollars selling rate is ₦1210 while the buying rate is ₦1160. 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.
EURO To Naira Black Market Rate
Pounds To Naira Black Market Rate
CAD To Naira Black Market Rate Today
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 ₦1650. 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 ₦165,000.
How Much Is 1000$ In The Black Market Today?
1000$ is equivalent to ₦1,650,000.
How Much Is 5000$ In The Black Market Today?
5000$ is equivalent to ₦8,250,000.
Facts About Dollars
The United States Dollars symbolized by $ is the number one currency in the world. It is used by the United States of America and other countries. The denominations available are $1,$5,$10,$20,$50, and $100. The countries that make use of dollars as their official currency include:
- United States of America
- Ecuador
- Australia
- El Salvador
- Canada
- Zimbabwe
- Panama
- British Virgin Islands
- Mexico
- Puerto Rico
- Palau
- Jamaica
- Marshall Islands
- Fiji
- Guam
- Aruba
- Guyana
- U.S Virgin Islands
Conclusion: Today February 26, 2024, there is a decrease in the black market rates today. According to AbokiFx, the rate is ₦1700. The dollar rate has declined after the ban on Binance.
