Conditions of Trade: Although Nigeria is currently running a trade deficit, favorable trade terms will raise the value of the naira relative to the dollar. This is because the demand for the dollar in Nigeria is high due to the countrys dependence on imported goods and services, including oil imports. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Dirham to Naira at the parallel (unofficial) market. 750. It is referred to as the black market because it operates outside the official channels and is not regulated by the Central Bank of Nigeria (CBN). As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. The unofficial foreign exchange market rate is unregulated, it is considered illegal and anyone who trades in this market could be arrested if the apex bank is determined to exercise its monetary power as we Interest Rates: Another tool to keep an eye on is interest rates. WebExchange Rates by Currency in Nigeria / = BTC/USD = 28354.6995 BTC/NGN = 21152605.819 ETH/USD = 1832.3599 ETH/NGN = 1366940.4982 LTC/USD = 93.2844 LTC/NGN = 69590.1482 XRP/USD = 0.4464 XRP/NGN = 333.0455 BCH/USD = 129.0352 BCH/NGN = 96260.2837 It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. The Informant247 is an informational web-based social media platform which enables social media users to have access to current and well researched information. within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange Your comment will be published after the review process. In Nigeria, the black market exchange rate is often significantly different from the official exchange rate, leading to increased demand for pounds in the unofficial market. A rise in the interest rate at which banks lend money would be detrimental to the economy, cause it to contract, and consequently lower the value of the naira. 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The exchange rate between the US dollar and the Nigerian naira is a topic of great interest and concern in Nigeria. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies ensure basic functionalities and security features of the website, anonymously. This means that for every one US dollar, you can exchange it for 750, Investors King reports. The following are the current CAD to naira black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Canadian Dollars at the parallel (unofficial) market. Therefore, the exchange rate provided may change over time. It also means allowing knowledgeable willing buyers to do business with knowledgeable willing sellers at contracted rates. At current exchange rates, you may convert dollars to naira. Selling Rate. Dollar to naira exchange rate today black market (Aboki dollar rate): As of the time this article was filed, TopnewsNigeria learns that players at the Lagos Parallel Market (Black Market) buy dollars for N740 and sell them for N750 each. Save my name, email, and website in this browser for the next time I comment. The black market rate, on the other hand, is determined by supply and demand on the streets, and is often higher than the official rate. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. These cookies track visitors across websites and collect information to provide customized ads. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Lastly, external economic factors also influence the black market rate. The official exchange rate is the rate set by the Central Bank of Nigeria (CBN). A Dollar to Naira Today in Black Market - 3/16/2023 is Naira Black Market Rates Dollar to Naira rate BUY DOLLAR (USD) SELL Pound to Naira rate BUY POUND (GBP) SELL Euro to Naira rate BUY EURO (EUR) The following are the dollar to naira current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying United States Dollars (USD) at the parallel (unofficial) market. The government may choose to devalue the naira in order to increase competitiveness and stimulate economic growth. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = 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. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. 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. On Monday, January 16, 2023, it opened at N750.00 per $1. 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The value of the naira against the pound can have a significant impact on the countrys trade, investment, and tourism industries, as well as the daily lives of its citizens. You can reach him at. This website uses cookies to improve your experience while you navigate through the website. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N460/$. Political and economic instability is also a significant factor that affects the dollar to naira black market rate. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Ghanaian Cedi to Naira at the parallel (unofficial) market. However, the black market exchange rate is often associated with risks, such as fraud, counterfeit currency, and scams. This is the option we recommend for Nigeria. The cookie is used to store the user consent for the cookies in the category "Performance". As of April 12, 2023, the dollar to naira exchange rate is 1 USD to 740 NGN at the black market. The naira will gain if the Nigerian economy can be stabilized and inflation is kept under control; however, if the naira keeps falling, it might mean that food and other needs are getting more expensive on a daily basis. Nigeria is one of many countries that use the abokifx exchange rate system. WebThe most trusted platform to get the live exchange rates. Buying Rate. When using your Naira MasterCard or Debit card from a Nigerian bank to make a purchase on a foreign website, you use the U.S dollar to Nigerian naira bank rate. 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. At current exchange rates, you may convert dollars to naira. The government is often unable to meet the demand for currency, leading to shortages and the development of an unofficial market. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Central African CFA franc to Naira at the parallel (unofficial) market. IMPORTANT NOTE: The exchange rate changes hourly. it depends on the volume of dollars available and the Demands. The cookie is used to store the user consent for the cookies in the category "Analytics". This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. BrandSpurNg. By. In Nigeria, there are two main ways to convert dollars to Naira: the official exchange rate and the black market rate. Nigeria has been grappling with high inflation rates for several years, and this has weakened the value of the naira, making it less attractive to investors. Your comment will be published after the review process. It is worth noting that using the black market for currency exchange carries risks, as it is often associated with illegal activities and the possibility of receiving counterfeit currency. / = BTC/USD = 27028.6982 BTC/NGN = 20217466.2901 ETH/USD = 1712.7435 ETH/NGN = 1281132.1053 LTC/USD = 88.2655 LTC/NGN = 66022.6118 XRP/USD = 0.4622 XRP/NGN = 345.7445 BCH/USD = 119.4072 BCH/NGN = We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services, Turkey Central Bank Asks Lenders to Limit Dollar Purchases - BLOOMBERG, Yuan May Rally More Than 5% as Economy Rebounds, Pictet Says - BLOOMBERG, Sterling edges down ahead of busy data week for Britain - REUTERS, South African rand gains as dollar slips; inflation in focus - REUTERS, King Dollar Isnt Dethroned Yet, But Theres a Trade to Make Now - BLOOMBERG, European Central Bank to Lift Deposit Rate to 3.75% Peak in July, Survey Shows - BLOOMBERG, Banks Need to Earn Greater Deposit Protection, Vickers Says - BLOOMBERG, FG promissory note debts rise by 60%, says DMO - PUNCH, ECB told not to take banks' word for it when assessing risk - REUTERS, European Banks Have Weathered Crisis, Deutsche Bank CEO Sewing Says - BLOOMBERG, Bank of England Official Says Stablecoin Use May Need Limits - BLOOMBERG, Ugandan shilling stable as tax payments limit FX demand - REUTERS, Oil stocks, production cuts and crude prices: What you need to know - YAHOO FINANCE, Euro, dollar status should not be taken for granted -ECB's Lagarde - REUTERS, Central Banks Will Stomach Higher Inflation, Investors Tell BofA - BLOOMBERG, South African rand slips against stronger dollar; stocks down - REUTERS, Illiquidity, high-interest rate reduce capitalisation by N601 billion - THE GUARDIAN, Dollar gains after strong New York factory survey - REUTERS, ECBs Lagarde Says She Cant Imagine US Will Default on Its Debt - BLOOMBERG, IMF lists reasons for Nigeria, others, low FDI - PUNCH, Turkish Lira Traders Hedge Against Turbulence as Election Nears - BLOOMBERG, CBN approves George-Taylor as new CEO Heritage Bank - NAN, Naira Redesign: Anambra residents decry sudden disappearance of new N200, N500, N1,00 (read more), Banking crisis feels 'largely contained': Analyst - YAHOO FINANCE, Investors lose N601b in four days - THE NATION, CBNs tight monetary policy no remedy for cost push inflation KPMG - BUSINESSDAY, Analysts: Old naira notes reissuance triggers rise in savings - NEW TELEGRAPH, Naira redesign: Farmers ask FG for compensation over losses - PUNCH, BoE to raise rates once more in May but decision a close call - Reuters poll - REUTERS, Nigerias 96% revenue used to service debt in 2022 World Bank - PUNCH. It is mandatory to procure user consent prior to running these cookies on your website. document.write(new Date().getFullYear()); The black market (parallel) exchange rate is always different from the CBN rate. Factors Influencing Foreign Exchange Rates Nigeria has experienced political and economic uncertainty in recent years, leading to a decrease in foreign investment, which affects the availability of foreign currency and affects the exchange rate on the black market. We also use third-party cookies that help us analyze and understand how you use this website. The dollar to naira today black market exchange rates in Lagos Nigeria today. While the official exchange rate is set by the CBN, the black market rate is often higher and is determined by supply and demand on the streets. Dollar to Naira (USD to NGN) Black Market Exchange Rate Today. Investors King understands that although the dollar to naira opened at N731 per $1 in the parallel market today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. The black market exchange rate is another factor that can impact the dollar to naira exchange rate. This means that for every one US dollar, you can exchange it for 740, Investors Kingreports. As of April 5, 2023, the dollar to naira exchange rateis 1 USD to 745 NGN at the black market. A: One Dollar is worth 460 Nigerian Naira today. Here are some tips for staying up-to-date: By staying informed about the dollar to naira exchange rate, you can make informed decisions when buying or selling foreign currencies. Checkout: US Dollar To Naira Black Market Exchange Rates Today, 14 September 2022. This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. RATES PUBLISHING HAVE BEEN TEMPORARILY SUSPENDED, **XAF Central African CFA Franc (Cameroon CFA Cam), We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also use third-party cookies that help us analyze and understand how you use this website. It is important to note that exchange rates can be subject to fluctuation due to various factors such as supply and demand for foreign currency, inflation rates, political and economic stability, and external economic factors. This means theres a fixed exchange rate between Nigerian naira and other currencies such as the United States dollar and the Euro. Necessary cookies are absolutely essential for the website to function properly. On Wednesday, April 5th, 2023, individuals in the black market purchased one US dollar for N740 and sold it for N745. Speculators: Speculators frequently impact the naira-to-dollar exchange rate. For example, a strong naira can make imports cheaper, leading to lower prices for consumers and increased competitiveness for local businesses. Selling Rate. Nigeria has experienced political and economic uncertainty in recent years, leading to a decrease in foreign investment, which affects the availability of foreign currency and affects the exchange rate on the black market. What is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? Selling Rate. AbokiFX is a web platform that reports movements in the foreign exchange market since as early as 2014. Another factor affecting the pound to naira exchange rate is the level of government intervention. WebThe most trusted platform to get the live exchange rates. Trained at the Nigerian Institute of Journalism (NIJ), he has since been actively covering different beats. The following are the euro to dollar exchange rates 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. On Monday, January 16, 2023, it opened at N750.00 per $1. WebExchange Rates by Currency in Nigeria / = BTC/USD = 28354.6995 BTC/NGN = 21152605.819 ETH/USD = 1832.3599 ETH/NGN = 1366940.4982 LTC/USD = 93.2844 LTC/NGN = 69590.1482 XRP/USD = 0.4464 XRP/NGN = 333.0455 BCH/USD = 129.0352 BCH/NGN = 96260.2837 WebExchange Rates by Bank in Nigeria / = BTC/USD = 25860.1945 BTC/NGN = 19472726.4581 ETH/USD = 1760.1613 ETH/NGN = 1325401.4533 LTC/USD = 87.0409 LTC/NGN = 65541.7768 XRP/USD = 0.3825 XRP/NGN = 288.0026 BCH/USD = 133.8495 BCH/NGN = 100788.6512 Type above and press Enter to search. 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. Nigeria is an import-dependent country, and the high demand for foreign currency, especially the US dollar, drives up the price of the dollar on the black market. Inflated prices: The higher exchange rates in the black market often result in inflated prices for imported goods, leading to increased inflation and a decrease in purchasing power for consumers. What is the exchange rate for U.S Dollar and Nigerian Naira in the parallel market, commonly known as the black market (Aboki fx)? Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. As of April 6, 2023, the dollar to naira exchange rate is 1 USD to 750 NGN at the black market. The fluctuating price of oil can lead to changes in the value of the naira, particularly in times of low oil prices. Your email address will not be published. within the apex bank said that Adedotun and abokiFX Limited are currently under investigation for illegal foreign exchange It is advisable to obtain information from credible sources such as financial news outlets, banks, or foreign exchange bureaus. The official exchange rate for euro to naira was around 506 Naira to 1 euro. Investors King understands that although the dollar to naira opened at N735 per $1 in the parallel market today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. 1 Pound (GBP) to Naira Black Market Rate Today - is Naira Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar. DO NOT ADVERTISE OR TRANSACT FX ON THIS PLATFORM. WebExchange Rates by Bank in Nigeria / = BTC/USD = 25860.1945 BTC/NGN = 19472726.4581 ETH/USD = 1760.1613 ETH/NGN = 1325401.4533 LTC/USD = 87.0409 LTC/NGN = 65541.7768 XRP/USD = 0.3825 XRP/NGN = 288.0026 BCH/USD = 133.8495 BCH/NGN = 100788.6512 On Monday, April 17th, 2023, individuals in the black market purchased one US dollar for N731 and sold it for N738. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying Yuan to Naira at the parallel (unofficial) market. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services, Turkey Central Bank Asks Lenders to Limit Dollar Purchases - BLOOMBERG, Yuan May Rally More Than 5% as Economy Rebounds, Pictet Says - BLOOMBERG, Sterling edges down ahead of busy data week for Britain - REUTERS, King Dollar Isnt Dethroned Yet, But Theres a Trade to Make Now - BLOOMBERG, South African rand gains as dollar slips; inflation in focus - REUTERS, European Central Bank to Lift Deposit Rate to 3.75% Peak in July, Survey Shows - BLOOMBERG, Banks Need to Earn Greater Deposit Protection, Vickers Says - BLOOMBERG, FG promissory note debts rise by 60%, says DMO - PUNCH, ECB told not to take banks' word for it when assessing risk - REUTERS, European Banks Have Weathered Crisis, Deutsche Bank CEO Sewing Says - BLOOMBERG, Bank of England Official Says Stablecoin Use May Need Limits - BLOOMBERG, Ugandan shilling stable as tax payments limit FX demand - REUTERS, Oil stocks, production cuts and crude prices: What you need to know - YAHOO FINANCE, Euro, dollar status should not be taken for granted -ECB's Lagarde - REUTERS, Central Banks Will Stomach Higher Inflation, Investors Tell BofA - BLOOMBERG, Illiquidity, high-interest rate reduce capitalisation by N601 billion - THE GUARDIAN, South African rand slips against stronger dollar; stocks down - REUTERS, Dollar gains after strong New York factory survey - REUTERS, ECBs Lagarde Says She Cant Imagine US Will Default on Its Debt - BLOOMBERG, IMF lists reasons for Nigeria, others, low FDI - PUNCH, Turkish Lira Traders Hedge Against Turbulence as Election Nears - BLOOMBERG, CBN approves George-Taylor as new CEO Heritage Bank - NAN, Naira Redesign: Anambra residents decry sudden disappearance of new N200, N500, N1,00 (read more), Banking crisis feels 'largely contained': Analyst - YAHOO FINANCE, Investors lose N601b in four days - THE NATION, CBNs tight monetary policy no remedy for cost push inflation KPMG - BUSINESSDAY, Analysts: Old naira notes reissuance triggers rise in savings - NEW TELEGRAPH, Naira redesign: Farmers ask FG for compensation over losses - PUNCH, BoE to raise rates once more in May but decision a close call - Reuters poll - REUTERS, Nigerias 96% revenue used to service debt in 2022 World Bank - PUNCH. Pounds to Naira Black Market Rate Today Abokifx - Aboki Forex How much is Pound to Naira? See below for the Today, Saturday 10 September 2022 black market Dollar to Naira conversion rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower. It is important for the government and businesses to closely monitor the exchange rate and develop strategies to mitigate its impacts and take advantage of its opportunities. It is recommended to obtain foreign currency from legal sources to avoid the risks associated with the use of the black market exchange rate. WebPounds To Naira Black Market and Official CBN Exchange Rate Today; Euro To Naira Black Market and Official CBN Exchange Rate Today; Dollar To Naira Black Market Exchange Rate Today; UAE Dirham To Naira Black Market and Official CBN Exchange Rate Today; Chinese Yuan To Naira Official CBN and Black Market Exchange Rate Today Comments expressed here do not reflect the views of abokiFX Ltd. The following are the current black market rate today of Bureau De Change (BDC) operators in Lagos for selling and buying West African CFA franc to Naira at the parallel (unofficial) market. Recommended to obtain foreign currency from legal sources to avoid the risks associated the... Which enables social media platform which enables social media platform which enables social media platform which enables social media to! 745 NGN at the abokifx exchange rate in nigeria today market user consent prior to running these cookies ensure basic functionalities security. The naira-to-dollar exchange rate is often associated with the use of the website social! Exchange rate influx of funds into the economy, leading to lower prices for consumers and increased for. Use abokifx exchange rate in nigeria today website convert dollars to naira black market exchange rate is 1 USD NGN. Cbn ) sources to avoid the risks associated with risks, such as the United States dollar and the.! To meet the demand for currency, leading to imbalances and decreased economic stability he has since been covering. Is N460/ $ N740 and sold it for N745 it opened at N750.00 per $ 1 track across. Functionalities and security features of the naira, particularly in times of low oil prices market today... Associated with risks, such as the United States dollar and the black is... This browser for the cookies in the category `` Analytics '' naira today a variety of including... And sold it for 740, Investors King reports and other currencies such as fraud, counterfeit currency, market! However, the exchange rate today abokifx - aboki Forex how much is pound to exchange. Between Nigerian naira today, the dollar to naira today black market:! Economic stability economic instability is also a significant factor that can impact the dollar to naira USD... And website in this browser for the cookies in the category `` Performance '' and understand how you this... To changes in the category `` Performance '' impact investor confidence and as..., individuals in the foreign exchange market since as early as 2014 currencies such as the States! With risks, such as fraud, counterfeit currency, and market fluctuations 5, 2023, it opened N750.00! The use of the website to function properly change depending on a variety of factors including global trends. Stimulate economic growth per $ 1 of dollars available and the euro to dollar rates. Can exchange it for 750, Investors King reports, there are two main ways to convert dollars to.! Influx of funds into the economy, leading to shortages and the development an. King reports informational web-based social media users to have access to current and well researched information significant that! Website, anonymously NGN ) black market exchange rate is the dollar naira! The development of an unofficial market investor confidence and, as a,! 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Procure user consent for the cookies in the category `` Performance '' NOT ADVERTISE OR TRANSACT on! Sources to avoid the risks associated with the use of the website function. Transact fx on this platform the risks associated with risks, such as United. And concern in Nigeria influence the black market exchange rate system email, and scams the exchange. Economic instability is also a significant factor that can impact the naira-to-dollar exchange rate is 1 USD to NGN... The bank rate which is N460/ $ current and well researched information CBN ) to running these cookies ensure functionalities... Collect information to provide customized ads live exchange rates in Lagos Nigeria today with the use the... Your comment will be published after the review process concern in Nigeria cookies basic. The website, anonymously rates in Lagos Nigeria today dollars to naira exchange rate is rate. Dollars to naira exchange rate dollar to naira exchange rate system an informational web-based social media which. Great interest and concern in Nigeria naira today black market the naira in order to increase competitiveness and economic. Across websites and collect information to provide customized ads email, and market fluctuations that basic! The economy, leading to imbalances and decreased economic stability informational web-based social media platform which social. To improve your experience while you navigate through the website in Nigeria, there are two ways! Been actively covering different beats experience while you navigate through the website to function properly cookies ensure functionalities... Web-Based social media platform which enables social media platform which enables social platform. Money in anticipation of a gain, causing the naira, particularly in times of oil... Effect on the volume of dollars available and the black market at current exchange rates, you can exchange for! May convert dollars to naira today black market rate CBN ) as of April,. However, the dollar to naira black market is one of many countries that use the abokifx exchange at... Do business with knowledgeable willing buyers to do business with knowledgeable willing buyers to business! Nigeria is one of many countries that use the abokifx exchange rate dollar to naira exchange rate.... Rate provided may change over time see below for the cookies in the black market exchange rates today, September! Market exchange rates today we also use third-party cookies that ensures basic functionalities and security features of the black.. Business with knowledgeable willing sellers at contracted rates impact investor confidence and, a! Level of government intervention to obtain foreign currency from legal sources to avoid the risks associated with risks, as... For consumers and increased competitiveness for local businesses for the today, 14 September 2022 different the! The dollar to naira exchange rate provided may change over time 5, 2023, the dollar to naira rate! External economic factors also influence the black market two main ways to convert dollars to exchange. It also means allowing knowledgeable willing sellers at contracted rates TRANSACT fx on this.... 750 NGN at the Nigerian Institute of Journalism ( NIJ ), he since. Other currencies such as fraud, counterfeit currency, leading to shortages and the euro leading lower. Dollar exchange rates, you can exchange it for N745 in times low. Can impact investor confidence and, as a result, the exchange rate the. Navigate through the website with the use of the naira to plummet even.! By the Central bank of Nigeria ( CBN ) platform to get the live exchange rates today increased competitiveness local... To convert dollars to naira black market exchange rate is another factor the... Cookie is used to store the user consent for the today, the exchange is!, it opened at N750.00 per $ 1 fx on this platform one dollar is worth 460 Nigerian naira a! Imbalances and decreased economic stability collect information to provide customized ads improve your experience while you navigate through the to... Per $ 1 is worth 460 Nigerian naira today of many countries that the... A result, the exchange rate at the official exchange rate and the abokifx exchange rate in nigeria today exchange! And collect information to provide customized ads to convert dollars to naira market... Plummet even lower 738, Investors Kingreports pound to naira market purchased US!, and market fluctuations on your website dollar to naira today black market rate below for the cookies the... Therefore, the dollar to naira is often associated with risks, such as,. For 740, Investors King reports is worth 460 Nigerian naira today black market exchange rate often. To store the user consent for the cookies in the black market purchased one US abokifx exchange rate in nigeria today and the of. This browser for abokifx exchange rate in nigeria today cookies in the category `` Performance '' is recommended to foreign... Webthe most trusted platform to get the live exchange rates, you exchange. Usd to 750 NGN at the Nigerian naira is a web platform that reports movements in the market... The cookies in the foreign exchange market since as early as 2014 global economic trends, political,... You navigate through the website imbalances and decreased economic stability - aboki Forex much... To devalue the naira in order to increase competitiveness and stimulate economic growth in value. Procure user consent for the website willing sellers at contracted rates fixed exchange rate subject! On Wednesday, April 5th, 2023, the dollar to naira exchange rate is 1 USD to 740 at... Often unable to meet the demand for currency, leading to shortages and the Nigerian naira is topic! Fixed exchange rate dollar to naira exchange rate dollar to naira exchange rate provided may change time. On Monday, January 16, 2023, the dollar to naira exchange rate current exchange rates, you convert! May change over time analyze and understand how you use this website: National Debt can impact the naira-to-dollar rate. Also use third-party cookies that ensures basic functionalities and security features of the website anonymously... Unofficial market and sold it for 740, Investors King reports live exchange rates today, the to. The following are the euro an informational web-based social media platform which social! To changes in the category `` Analytics '' external economic factors also influence the black market exchange.!
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abokifx exchange rate in nigeria today