By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: Dollar To Naira Black Market Exchange Rate For Today April 19, 2023
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | Dollar To Naira Black Market Exchange Rate For Today April 19, 2023

Business

Dollar To Naira Black Market Exchange Rate For Today April 19, 2023

Tare Magbei
Tare Magbei
Published: June 9, 2025
Last updated: June 9, 2025
3 Min Read
Share
SHARE

The dollar to naira black market exchange rate for today 19th April 2023, on Daily Report Nigeria.

This digital news platform has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC) rate, and CBN rates.

How Much Is Dollar To Naira Exchange Rate Today?

Dollar to naira black market exchange rate today black market (Aboki dollar rate):

Daily Report Nigeria understands that the exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N737 and sell at N742 as of the time of filing this report.
Exchange Rate of Dollar To Naira in Black Market Today?
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 737
Selling Rate 742

The local currency (abokiFx) opened at N742.00 per $1 at the parallel market otherwise known as the black market, today, Wednesday, 19th April 2023, in Lagos Nigeria, after it closed at N742.00 per $1 on Tuesday, 18th April 2023.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

Factors Influencing Foreign Exchange Rates

Here are some of the causes of the dwindling dollar to naira exchange rate.

Read Also: Adamawa Governorship Election: Fintiri Reacts to Re-election

Inflation Rates: It is well known that inflation directly impacts black market exchange rates. If the Nigerian economy can be stabilized and inflation is controlled, the naira will benefit; however, if the naira continues to fall, it may indicate that food and other necessities are becoming more expensive daily.

Interest Rates: Another tool to keep an eye on is interest rates. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall.

Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. If inflows are high, the naira exchange rate will rise in favour of the naira.

Speculators: Speculators frequently impact the naira-to-dollar exchange rate. They stockpile money in anticipation of a gain, causing the naira to plummet even lower.

Conditions of Trade: Favorable trade terms will increase the value of the naira to the dollar, although Nigeria is currently experiencing a trade deficit. Everything comes from China, India, and the majority of Asian countries.

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Dollar to Naira Rate Today
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link

Latest Updates

Nigeria Books 2025 Beach Volleyball World Cup Spot | Daily Report Nigeria
Nigeria Books 2025 Beach Volleyball World Cup Spot
Sports
Adult Film Star Kylie Page Dies at 27, Cause of Death Under Investigation | Daily Report Nigeria
Adult Film Star Kylie Page Dies at 27, Cause of Death Under Investigation
Entertainment
PDP NEC Reinstates Samuel Anyanwu as National Secretary After Leadership Crisis | Daily Report Nigeria
PDP NEC Reinstates Samuel Anyanwu as National Secretary After Leadership Crisis
News
Victor Osimhen Jersey Launch Breaks Galatasaray Sales Record | Daily Report Nigeria
Victor Osimhen Jersey Launch Breaks Galatasaray Sales Record
Sports
Speed Darlington Rejects NAPTIP Summons, Says He Charges N2.5M for Appearance | Daily Report Nigeria
Speed Darlington Rejects NAPTIP Summons, Says He Charges N2.5M for Appearance
Entertainment

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

FG Earns N581.7bn from FX Difference in July | Daily Report Nigeria
Business

FG Earns N581.7bn from FX Difference in July

June 14, 2025
Chevron Announces Discovery of New Oil Field in Nigeria | Daily Report Nigeria
Business

Chevron Announces Discovery of New Oil Field in Nigeria

June 1, 2025
Reps Demand Immediate Suspension of CBN's ATM Charges Hike | Daily Report Nigeria
Business

Reps Demand Immediate Suspension of CBN’s ATM Charges Hike

June 8, 2025
FG Increases Electricity Tariff For Band A Customers | Daily Report Nigeria
Business

FG Increases Electricity Tariff For Band A Customers

June 10, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?