If you are completely informed of the current Dollar to NGN black market exchange rate, you will have a better chance to plan and make informed decisions. The table below displays the current USD/Naira exchange rate.
When we compared local dealers’ reports on currency in Lagos and Abuja, we discovered that the dollar to naira exchange rate was 775, which implies you can buy dollars at this rate and sell them at this rate.
Additionally, the Euro/Naira, the second-most traded currency, traded for 792 and 782 Naira, respectively, on the illicit market. It is interesting to note that while the current exchange rate for one pound in naira is 920, the going rate on the black market is 900.
One USD is worth £75 in the Lagos black market on Saturday, November 26, 2022. On Monday, November 21, 2022, the Black Market opens with USD trading at 790. With this, the US Dollar’s weekly loss relative to the Naira now stands at -0.15%.
Looking at this month specifically, the USD was trading at $812 on November 1st, 2022. The current USD/Naira exchange rate has declined by -0.47% for the month as of the USD trading at 775.
Dollar to Naira Black Market Rate Today
|Dollar to Naira (USD to NGN)||Black Market Exchange Rate Today|
|Dollar to Naira (USD to NGN)||CBN Official Exchange Rate Today|
Euro to Naira Black Market
Here is the current black market exchange rate between the Euro and the Naira, used by Aboki and Bureau De Change in Abuja, Kano, and Lagos (BDC). There can be a slight difference at other parallel (unofficial) markets.
|Euro to Naira (EUR to NGN)||Exchange Rate Today|
Pounds to Naira Black Market
Here is the currency rate that is currently being utilized by Aboki/Bureau De Change (BDC) in Abuja, Kano, and Lagos to purchase and trade Great British Pounds (Pounds). There can be a slight difference at other parallel (unofficial) markets.
|Pounds to Naira (GBP to NGN)||Exchange Rate Today|
You must understand that the Naira is under pressure, which continuously maintains an unstable environment on the FX market. We are trying our best to watch the daily Dollar to Naira exchange rate, but it is hard to predict how the market will behave.
The center of bureau de change operators in Abuja noticed that the dollar was now being offered for N765, as opposed to the N775 it had been earlier, according to a reporter who visited the constantly busy Wuse Zone 4. In Lagos and Kano, the cost of a dollar was 765 Naira.