Dollar to Naira Black Market Exchange Rate Today | USD to Naira

Dollar to Naira Black Market Exchange Rate Today | USD to Naira rate as of today, in USD to Naira, is shown below. For the black market and CBN exchange rates for the dollar to naira aboki, respectively.

See Dollar to Naira Black Market Exchange Rate Today 

Because the exchange rate on the black market is so much higher than what the bank offers, so many Nigerians prefer to swap their foreign currency, especially US Dollars for naira. Here is the page where you can find the current black market price.

You can quickly check each rate for the currencies you wish to exchange in the parallel markets thanks to the addition of the Aboki FX dollar to the naira exchange rate. 

The most reliable source for the current black market dollar to the naira exchange rate is Aboki FX. Their current exchange rate is available here.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	680
Selling Rate	700

What is the current parallel market exchange rate for dollars and naira? You might be interested to know that the rate of the dollar relative to the naira might occasionally differ significantly from that displayed on the website of the Central Bank of Nigeria (www.cbn.gov.ng).

The cost stated above reflects the current currency rate between the USD and Naira. In order to keep you informed, we will regularly update the current rate. 

Therefore, the exchange rate between the US dollar and the naira is the current value of the dollar. For different banks and parallel markets, the rate fluctuates.

How Much is Dollar to Naira Official Exchange Rate Today

Black market (parallel) exchange rates are invariably different from CBN rates. Naira is now trading at 710 to the dollar. Also, the rate at which they exchanged the dollar and naira has a significant impact on Nigeria’s economy.

Naira depreciation causes the economy to experience inflation, which often impacts the populace. However, Nigerians should aim toward a significant turnaround in the economy, according to Godwin Emefiele, governor of the central bank.

How Much is a Dollar to a Naira Today?

421.885 NGN

Convert US Dollar to Nigerian Naira

USD	NGN
1 USD	421.885 NGN
5 USD	2,109.43 NGN
10 USD	4,218.85 NGN
25 USD	10,547.1 NGN

How Much is $100 Dollar in Nigeria Black Market?

Converting 100 dollars to naira at the black market rate. Right now on the black market, 100 dollars is worth 70000 naira.

What is $1 to Naira in Black Market?

According to 6 sale rates given by users as comments, the dollar to the naira exchange rate in Nigeria’s black market is between 690 and 695 with an average of 691.67 today, August 31, 2022.

How do I Buy and Sell Dollars in Nigeria?

You must first open a Naira bank account and set up your business, which will take roughly 10 days if you want to buy and sell dollars in Nigeria. 

Then, go to a licensed foreign exchange bureau and deposit money there in Nigerian Naira equal to the number of dollars you wish to purchase.

How Much is $5000 US Dollars in Nigeria?

Are you overpaying your bank?

Conversion rates US Dollar / Nigerian Naira
500 USD	194000.00000 NGN
1000 USD	388000.00000 NGN
2000 USD	776000.00000 NGN
5000 USD	1940000.00000 NGN

 

What are your thoughts on the black market exchange rate for dollars and naira? Let us know what you think now and how the government and CBN can cooperate to offer fair USD to naira exchange rates in the future.