Dollar to Naira Black Market rate – Here is the current USD to Naira rate today. See CBN & black market exchange rate for dollar to naira. You change your USD to naira at this rate or convert the dollar to naira at the latest black market rate or parallel market.
Naira sells for N435/$1 At Official Market as a result of a slight Adjustment made by CBN Forex Rate, which puts the CBN rate at 414.95/$1
Dollar to Naira exchange rate is ₦ 414.95 in CBN, ₦ 490.00 in GTBank, ₦ 414.14 in FX Market, ₦ 378.52 in Moneygram, and ₦ 380.28 in Western Union
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US Dollar to Naira rate recently moved upwards 0.04% in CBN, 0.12% in FX Market, 1.99% in Moneygram
Dollar to Naira exchange rate has the lowest value of ₦ 378.52 at Moneygram as of 02/12/2020 among the rates listed in the summary table
The dollar to Naira exchange rate has the highest value of ₦ 490.00 at GTBank as of 24/01/2022 among the rates listed.
A lot of Nigerians prefer to exchange their foreign currencies, especially the US Dollars for naira using the black market because the exchange rate is very high compared to what the bank offers. If you want to know the current black market rate, here is the page to find that.
What is the current Dollar to Naira exchange rate in the parallel market?
Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely.
Parallel exchange rate (black market) is always different from CBN rate. Currently, Naira is trading at 575 Naira Per Dollar.
The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate. Inflation-adjusted takes over the economy as Naira is falling, which usually affects the citizens.
The black market commonly referred to as the Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng.
Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rates normally would always be lower than what is obtainable in the black market.
We will always update the latest rate on a daily basis to keep you informed.
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