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Dollar To Naira Exchange Rate Today 2nd May 2023(Black Market)

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2 years ago

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See Exchange Rate Tonight As Black Marcket Exchange Rate Appreciatess

Black market dollar to naira, Aboki exchange rate today 2 May 2023 can be accessed below.

IMPORTANT NOTE: The exchange rate changes hourly.… it depends on the volume of dollars available and the Demands. What it means is that…you can buy at ₦737 and sell 1 dollar at ₦741 right now but the price can change (high or low) within hours.

Aboki dollar rate in Nigeria today: How much is Aboki exchange rate in Nigeria today?

How much is the Dollar to Naira Exchange rate at the black market and aboki fx today? See today’s USD to Naira exchange rate. You convert your USD to Naira at these rates, or you convert your dollar to Naira at the most recent black market or parallel market rate.

Nigerians prefer to exchange foreign currency, particularly the USD to Naira, on the black market since the conversion rate is much higher than what the bank offers.

On this page, you can discover all the facts and the current rate for dollar to Naira, both the CBN and the black market rate.

How Much is Dollar to Naira and the Official Exchange Rate Today?

How much is dollar to naira today in official market today? Get the CBN dollar to naira rate today below.

1 USD = 460.4033 NGN
1 Dollars = 460.4033 Nigerian Naira
The USDNGN rate as of 2 May 2023 at 8:29 AM

Please keep in mind that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has recommended individuals interested in Forex contact their respective banks before proceeding.

The parallel exchange rate (black market rate) always differs from the CBN rate. The exchange rate between the USD and the Nigerian Naira significantly impacts the Nigerian economy.

How much is dollar to naira today in black market?: Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate ₦ 737
Selling Rate ₦ 741

Even though the dollar to naira opened in the parallel market at ₦740 per $1 today, News Rain Nigeria reports that the Central Bank of Nigeria (CBN) does not recognize the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.

Disclaimer: NEWS RAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

 

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