Do you want to know Dollar to Naira black market rate today? Currently, SEED will update its readers on the Black Market, CBN, and AbokiFx Rates. The Black Market rate is usually favorable to those who deal in dollars compared to the CBN rate, and those who are in charge are known as Bureau De Change[BDC] Operators or Abokis.
Before we proceed, readers must understand the terms Buying and Selling of Dollars because they are frequently mentioned on this page. Buying a Dollar means getting a dollar with naira, while Selling means exchanging your dollars for naira at the black market rate.
Now that we have given you an introduction, let’s answer the question, “What is the Dollar To Naira Black Market Exchange Rate for Today?”. According to dealers in Zone 4, Wuse Abuja, which happens to be one of the leading BDC Centers in Nigeria, the Dollar was bought at ₦1245 and sold at ₦1250 today.
How Much Is Dollar To Naira Black Market Rate Today(January 04, 2023)?
The table below shows the black market rate for those who want to sell and buy dollars with BDC operators or Abokis.
Dollar To NairaBlack Market Rate TodayBuying Rate₦1240Selling Rate₦1250
Black Market/Aboki Rate Exchange Table Today
The table below outlines the black market prices for common denominations. Since the selling rate is ₦1250, we multiply it by the denomination in dollars. For example to convert $5, we multiply it by ₦1250
Denomination in Dollar($)Black Market Exchange Rate Today in Naira5₦6,25010₦12,50020₦25,70050₦62,500100₦125,000150₦187,500200₦250,000300₦375,000350₦437,500400₦500,000500₦625,000800₦1,000,0001000₦1,250,000
Dollar To Naira CBN Rate Today
As of today, January 04, 2023, the Central Bank of Nigeria sells at ₦914 and buys at ₦913. This price can be obtained from the publication here www.cbn.gov.ng/rates/ExchRateByCurrency.asp.
CBN Selling Rate₦914CBN Buying Rate₦913
CAD To Naira Black Market Rate
The Canadian Dollars selling rate is ₦970 while the buying rate is ₦925. Canadian dollars are not listed on the official currency page of the Central Bank of Nigeria. This price has been constant for the past few weeks compared to the other currencies.
EURO To Naira Black Market RatePounds To Naira Black Market RateCAD To Naira Black Market Rate Today
How Much Is A Dollar To Naira Black Market Rate(Lagos)?
Lagos and Abuja are known to have one of the best black market rates in the country because of its strategic location. The rate in Lagos is ₦1250. There are different exchangers in Lagos and this price might differ with the one called for you.
How Much Is 100$ In The Black Market Today?
100$ is equivalent to ₦125,000.
How Much Is 1000$ In The Black Market Today?
1000$ is equivalent to ₦1,250,000.
How Much Is 5000$ In The Black Market Today?
5000$ is equivalent to ₦6,250,000.
Facts About Dollars
The United States Dollars symbolized by $ is the number one currency in the world. It is used by the United States of America and other countries. The denominations available are $1,$5,$10,$20,$50, and $100. The countries that make use of dollars as their official currency include:
United States of America
Ecuador
Australia
El Salvador
Canada
Zimbabwe
Panama
British Virgin Islands
Mexico
Puerto Rico
Palau
Jamaica
Marshall Islands
Fiji
Guam
Aruba
Guyana
U.S Virgin Islands
Conclusion: Today January 04, 2024, the black market rate was around 1235 however, there was a noticeable increase and it has reached 1250 presently.
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