Dollar to Naira Black Market Today – Do you want to know the dollar to naira black market exchange rate today? This article is for you. It is important that you know the dollar to Naira exchange rate but why is it important-the dollar rate affects every business in Nigeria. You might even make some cool cash by doing some dollar arbitrage business.
In this article, we will answer questions such as how much is dollar to Naira exchange rate this month 2024? The current Dollar to Naira black market rate on this page have been curated from different reliable sources.
As the rate change, this page will also be updated regularly to ensure that we keep you updated with the right information. Keep reading to see the current dollar to naira black market, dollar to naira bank rate as well as the Canadian dollar to naira rate as well.
How Much is Dollar to Naira Black Market?
Today in the black market, a dollar is worth 1,650.00 Naira.
The Naira Black Market exchange rate for one US dollar today is 1,650.00 Naira. This means that for every dollar exchanged, you may earn 1,650.00 Naira. Because it is not regulated by the government, the black-market exchange rate is usually higher than the official exchange rate.
Some sell rates extracted from the user comments on this page:
|Abba yush.. >
|Alhj hone.. >
|Yusuf Dan.. >
NgnRates.com cannot guarantee correctness of the sell rates shared by users listed above.
Some buy rates extracted from the user comments on this page:
|Yusuf Dan.. >
NgnRates.com cannot guarantee correctness of the buy rates shared by users listed above.
Dollar to Naira exchange rate in Nigeria black market is between ₦1640 and ₦1660 with an average of ₦1,650.00 today on 19/02/2024, according to 2 sell rates shared by the users as comments.
For the last 7 days, between 12/02/2024 and 18/02/2024, Dollar to Naira black market sell rate took values between ₦1480 and ₦1655 with an average of ₦1,557.33. When we compare today’s (19/02/2024) values with the last 7 days, average Dollar to Naira rate had a 92.67 points increase from ₦1,557.33 to ₦1,650.00 which corresponds to a 5.95% rise.
Dollar to Naira exchange rate in Nigeria black market has an average of ₦1,600.00 today on 18/02/2024, according to 1 buy rate shared by the users as comments.
For your convenience, below are the USD to Naira conversion rates as reported by commercial banks and the Central Bank of Nigeria (CBN). As of today, 1 USD = 823.6848 NGN at the bank rate.
It is important to also know the dollar to naira bank rate as well. This is to enable you avoid being cheated by Bureau de Change dealers. A lot of Bureau de Change dealers are not honest. This is the main reason we have publish this dollar exchange rate on this page to help you stay informed on the current rate. The table below has been curated from Abokiforex.
Canadian Dollar Exchange Rate 2024
The Canadian Dollar is not the same as the USD. We have decided to also include it here to help you as well. Maybe the dollar sent to you that you have just received might be a CAD.
According to our study, Canadian dollars are selling at a somewhat lower rate than regular dollars. This is the black market rate, which means that for one Canadian dollar (CAD), you would be given 900. As you are all aware, the rate is not constant, which means that different Bureau De Change[BDC] Operators have different prices.
The price is 960, and the buying rate is slightly lower than the selling rate. This means that if you want one Canadian dollar, you must pay that amount. Here is a table to show the CAD rate.
Amount In Canadian Dollars [CAD]
Amount In Naira [₦]
Let’s find out some frequently asked questions on the dollar to naira black market rate today.
Frequently asked questions
What Influences the Dollar-Naira Black Market Exchange Rate?
- A variety of factors can influence the Dollar Black Market Exchange rate, including:
- Currency supply and demand
- The political and economic situations in the United States and Nigeria
- The US dollar’s value
Where Can I Find a Trustworthy Dollar Black Market Exchange Dealer?
It is critical to choose a trusted trader when exchanging USD for Naira. USD to NGN black market sellers can be found both online and in person. However, it is critical to exercise caution when exchanging currency on the Naira Black Market because there is a risk of being duped.
In this article, you have seen the current dollar to Naira exchange rate black market, the dollar to naira bank rate and the Canadian Dollar exchange rate.