Many people ask – Can you tell me the current exchange rate for converting US dollars to Nigerian Naira at the black market or aboki fx today.
Some people also ask, How much is the Dollar to Naira Exchange rate at the black market and aboki fx today 2023?
You might want to consider exchanging your dollars at these rates, which are typically higher than the rates offered by banks. Many Nigerians prefer to exchange foreign currency, especially US dollars, on the black market.
This page provides you with all the necessary information and current rates for both the Central Bank of Nigeria (CBN) and the black market.
How Much is Dollar to Naira and the official Exchange Rate today?
Please note that the Central Bank of Nigeria (CBN) does not acknowledge the existence of the black market or parallel market, and advises those interested in Forex to consult their respective banks before proceeding.
The exchange rate between the US Dollar and Nigerian Naira has a significant impact on the Nigerian economy, and a decrease in the value of Naira can lead to inflation, which can have adverse effects on the general population. The CBN has called for a significant transformation of the Nigerian economy and urges Nigerians to play their part, such as increasing exports.
It is worth noting that the black market exchange rate for the US Dollar is often higher than the official rate set by the CBN. The CBN exchange rate is the rate at which you can buy or sell dollars for Naira on the CBN’s website.
Meanwhile, the dollar-to-naira bank rate is the rate used when purchasing items from foreign websites with Naira MasterCard or Debit cards from Nigerian banks. These rates are typically cheaper than those available in the black market.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Selling Rate | ₦ 748 |
| Buying Rate | ₦ 742 |
Euro to Naira Black Market
The current exchange rate for Euro to Naira at the black market, where Aboki/Bureau De Change (BDC) are buying and selling the European currency, is available in Abuja, Kano, and Lagos. However, slight variations may exist between different unofficial markets.
| Euro to Naira (EUR to NGN) | Exchange Rate Today |
| Buying Rate | ₦760 |
| Selling Rate | ₦780 |
Pounds to Naira Black Market
The current black market exchange rate for Pounds to Naira is determined by the buying and selling rates at Aboki/Bureau De Change (BDC). The British Pound currency (Pounds) is currently available in Abuja, Kano, and Lagos, with minor fluctuations in different unofficial markets.
| Pounds to Naira (GBP to NGN) | Exchange Rate Today |
| Buying Rate | ₦920 |
| Selling Rate | ₦935 |
Rand to Naira
The current black market exchange rate for Rand to Naira is determined by the buying and selling rates at Aboki/Bureau De Change (BDC). The South African Rand currency is currently available in Abuja, Kano, and Lagos, with minor fluctuations in different unofficial markets.
| Rand to Naira (ZAR to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦31 |
| Selling Rate | ₦38 |
Dirham to Naira
The current black market exchange rate for Dirham to Naira is determined by the buying and selling rates at Aboki/Bureau De Change (BDC). The United Arab Emirates Dirham currency is currently available in Abuja, Kano, and Lagos, with minor fluctuations in different unofficial markets.
| Dirham to Naira (AED to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦155 |
| Selling Rate | ₦165 |
Yuan to Naira
The current black market exchange rate for Yuan to Naira is determined by the buying and selling rates at Aboki/Bureau De Change (BDC). The Chinese Yuan currency is currently available in Abuja, Kano, and Lagos, with minor fluctuations in different unofficial markets.
| Yuan to Naira (CNY to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦80 |
| Selling Rate | ₦90 |
Ghanaian Cedi to Naira
The current black market exchange rate for Ghanaian Cedis to Naira is determined by the buying and selling rates at Aboki/Bureau De Change (BDC). The Ghanaian Cedis currency is currently available in Abuja, Kano, and Lagos, with minor fluctuations in different unofficial markets.
| Cedi to Naira (GHS to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦65 |
| Selling Rate | ₦75 |
CAD to Naira Black Market
The current black market exchange rate for CAD to Naira is determined by the buying and selling rates at Aboki/Bureau De Change (BDC). The Canadian Dollar currency (CAD) is currently available in Abuja, Kano, and Lagos, with minor fluctuations in different unofficial markets.
| CAD to Naira (CAD to NGN) | Exchange Rate Today |
| Buying Rate | ₦ 540 |
| Selling Rate | ₦ 560 |
CBN Official Naira Exchange Rates
According to the official Currency Exchange Rate data posted on the Central Bank of Nigeria (CBN), the exchange rate between the US dollar and the Naira can be found.
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 3/24/2023 | US DOLLAR | 459.9 | 460.4 | 460.9 |
| 3/24/2023 | POUNDS STERLING | 561.4459 | 562.0563 | 562.6667 |
| 3/24/2023 | EURO | 493.3807 | 493.9171 | 494.4535 |
| 3/24/2023 | SWISS FRANC | 499.9456 | 500.4892 | 501.0327 |
| 3/24/2023 | YEN | 3.5407 | 3.5445 | 3.5484 |
| 3/24/2023 | CFA | 0.7437 | 0.7537 | 0.7637 |
| 3/24/2023 | WAUA | 619.2378 | 619.9111 | 620.5843 |
| 3/24/2023 | YUAN/RENMINBI | 66.8509 | 66.924 | 66.9971 |
| 3/24/2023 | RIYAL | 122.418 | 122.5511 | 122.6842 |
| 3/24/2023 | SOUTH AFRICAN RAND | 25.2058 | 25.2332 | 25.2606 |
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