The following are the current Euro to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Euros at the parallel (unofficial) market. Today we buy Dollar @765 and sell @777, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. @ 755.. Dollar to Naira Exchange Rate in Black Market. The use coins are massively produced with cheap materials such as zinc, copper instead of gold and silver, this made them to have lower intrinsic value. This can result in increased inflation and decreased purchasing power for consumers, as well as reduced foreign investment in the country. Yes he did but this time all these were reversed by Sanusi Lamido Sanusi when oil prices went up again. From the standpoint of view the market seems to be indicating for a further fall. Location ABA. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. 27 February dollar to naira black market exchange rate: $1 dollar to naira = 765 The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Monday, 27 February 2023, in Lagos Nigeria, after it closed at N765 per $1 on Sunday, 26 February 2023. How much is the dollar exchange rate to Naira in Black Market today? Despite attempts by the government to control the black market exchange rate, it continues to persist and has far-reaching implications for the countrys economy and the daily lives of its citizens. The following are the current Rand to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Rand to Naira at the parallel (unofficial) market. TRY =#25, RMB=#112, SAR=180 Here are some of the causes of the dwindling dollar to naira exchange rate. It seems The first US Dollar appeared in 1794, thats the first official record of the USD in circulation. USD is being traded at 757 in Black Market(Lagos) today, Wednesday, March 1, 2023. This website uses cookies to ensure you get the best experience on our website. TRY =25 Required fields are marked *, Black market dollar to naira exchange rate today 1 March 2023. The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. I have dollar to sell at the rate of 770 per dollar in Lagos. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. Today we buy Dollar @765 and sell @777, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. What could be responsible for the fall in the rate. call 07086601942, USD dollar today rate of 760 for abeukuta itoku market if you need call me or text me on WhatsApp 07054640318. Please note that at this point Nigeria has multiple exchange rate such as CBN, Interbank, Bureau de Change and wire rates, what Soludo did was to harmonise this rate together, allowed certain things like medical, credit card bills. NNN is an online news portal that publishes breaking news in around the world. Reports on social media claim that Adedotun is being investigated for foreign exchange rate manipulation, but another source within the bank said he could not confirm the rumors. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. Location: Magodo Phase 2, Lagos. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today Buying Rate 689.23 Selling Rate 706.54 In the parallel market, where the currency is freely traded, the naira weakened to 691.13 from 689.23 The exchange rate of the peer-to-peer FX cryptocurrency market was also down 0.22% on Wednesday morning. We will always update the latest rate on a daily basis to keep you informed. The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N733 and sell at N740 on Sunday, 9th October 2022, according to sources at Bureau De Change (BDC). You have to understand that the Naira is under pressure, leaving the FX market in a constant state of flux. 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 rates are served according to theMorning,AfternoonandEvening trading sessions. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats, which include finance, showbiz, and music. the United States Dollar has been maintaining a steady rise in the last few months against the Naira in the parallel market . Call/WhatsApp 09078785157 or +447418352266. Business minded people only. I have dollar to sell at the rate of 770 per dollar in Lagos. The Lagos Aboki exchange rates were gotten from a vast number of traders on the street of Lagos. in this article you will get the Dollar to Naira exchange rate for black. The black market exchange rate is another factor that can impact the pound to naira exchange rate. 750. These rate normally would always be lower than what is obtainable in the black market. We have good rate for any currency global business plan call 07086601942, Good morning everyone. The existence of a black market exchange rate can also reduce the confidence of foreign investors and discourage investment in the country, further damaging economic growth and stability. Call/WhatsApp 08088261410. Over the last 7 days, the best beneficial exchange rate was 460.24. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. Apata Ibadan, Good morning everyone. While the black market rate can offer a better value for your money, it is important to be cautious and only deal with reputable money changers. 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This leaves a question if devaluation of the Naira under a flexible exchange rate will solve the problem once and for all. Most Nigerians have argued that the existence of black market has caused more harm than good this has made the government to suspended the sale of dollars to Bureau De Change (BDC). Black market FX traders have expressed their frustration over the recent cash scarcity crisis across the country . call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Location: Magodo Phase 2, Lagos. The Black market is oftentimes seen as an underground economy run by dealers that are not authorized by the government but who run a trusted connection with those who are authorized, usually the Bureau de Changers. Today we buy Dollar @747 and sell @758, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. Feb 28, 2023. in Business & Economy. Selling Rate. call 07086601942, Good morning All Selling rate at 755. This category only includes cookies that ensures basic functionalities and security features of the website. This website uses cookies so that we can provide you with the best user experience possible. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. XAF=1000 You cant predict what the market will turn out to be but we are trying our best to track what rate the USD/Naira are traded on daily basis. Parallel exchange rate (black market) exchange rate is always different from CBN rate. Knowing the latest exchange rates of the Dollar to Naira, Euro to Naira or even Pounds to Naira will help you to have a good bargain at the market when you go to exchange your currencies so that you don't get cheated. Good day ESTEEMED CUSTOMERS! I have 600USD to sell for 770 at Ikeja Lagos. GBP=#935, Conveniently pay SUPPLIERS, SCHOOL FEES, CERTIFICATIONS, VISA APPLICATION fees and students/family UPKEEP. We open market with our Good rates for today We receive & send to banks in Europe , UK , US , INDIA & Canada . GHS=40 After the military boys left government and handed over to a Democratically elected government, Joseph Sanusi was appointed CBN governor. Call 08106163189, DOLLAR USED BUY ,,,755 RATE SELL,,,,766,,,,, PAUND GBP,, RATE BUY 910,,,, SELL 920:: EURO EUR XAF=#1000, XOF=1100 XAF=1000 One of the main reasons for the existence of the black market exchange rate in Nigeria is the scarcity of currency. 770. We sell GBP for 935/, EURO for #820/, USD for 760/$, AUD @ #560, RMB for #115 & CAD for 590/C$. There might be slight variation at different parallel (unofficial) market. We also use third-party cookies that help us analyze and understand how you use this website. The then administration had no choice rather than to accept the conditionality because of the pressure the Naira and the economy as a whole was under. Convert foreign currencies instantly with the Abokifx calculator. You can exchange your dollar for Naira at these rates on Thegistday. USD=#755, Today we buy Dollar @744 and sell @754, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. GHS=#40, Hello! On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market. 15/02/2023 Currently, Naira is trading at 710 Naira Per Dollar. 747. See today's Dollar to Naira exchange rate. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. Good morning everyone. During this time there were no need to buy forex in the black market or bureaux de change, exchangers were thrown out the market. WANT TO BUY OR SELL CURRENCIES/CRYPTOS? We open market with our Good rates for today Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. However, our focus here is on currency transactions on the illicit market. Selling Rate. Gud evening to u all..I have $2,000 to sell @ N770 In Benin city u can call or Whatsapp on 07051115501, Good afternoon I have 1000$ to sell at 770 in ughelli delta state if youre interested WhatsApp me on 08108207006, I've $660 Dollars right now for sell ate 765 interested buyers call now 09020600053 Lagos Shasha Burch, Good day. We sell GBP for 935/, EURO for #820/, USD for 770/$, AUD @ #575, RMB for #115 & CAD for 595/C$. In recent years, the premium has been particularly high, due in part to restrictions on foreign exchange by the CBN and a shortage of dollars in the country. GHS=40 The following are the current pounds to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterlingat the parallel (unofficial) market. We are selling dollar today at 780 per dollar. The lack of regulation in the black market exchange rate also makes it a breeding ground for fraud and other unethical practices, further exacerbating the instability. imagine 1dollar trading at #585. It is however pertinent to note that theCentral Bank of Nigeria (CBN)does not recognise the parallel market (black market), as it has directed individuals who want to engage inforex to approach their respective banks. We RECEIVE & SEND to banks in Europe , UK , US , CHINA , INDIA & CANADA . See today's Dollar to Naira exchange rate. Alternatively, you may try converting Naira to US Dollar. Necessary cookies are absolutely essential for the website to function properly. EUR=800 Only by addressing the root causes of the black market exchange rate can Nigeria hope to achieve a stable and healthy economy that benefits all its citizens. Subsequently the government miraculously obtained a debt relief of. We open market with our Good rates for today Skip Recommended articles and continue reading . However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. Dollar to Naira black market exchange rate today is between 755 and 760 with an average of 757.50 on 01/03/2023 in Nigeria, according to 2 sell rates extracted from the comments coming from our users. Further fall rate today 1 March 2023 the Naira to plummet even lower feb,. Are some of the dwindling dollar to Naira exchange rate rate for.! The causes of the Naira is trading at 710 Naira per dollar the military boys left government and handed to. For any currency global business plan call 07086601942, Good morning everyone breaking news around. Rate for black Aboki exchange rates were gotten from a vast number of traders on the illicit market uses! Market if you need call me or text me on WhatsApp 07054640318.. to! 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