Here I will update our viewers 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.
Our viewers 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.
Dollar To Naira Black Market Exchange Rate for Today at Wuse Abuja
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 ₦1700 and sold at ₦1705 today.
| Dollar To Naira | Black Market Rate Today |
| Buying Rate | ₦1700 |
| Selling Rate | ₦1705 |
Black Market/Aboki Rate Exchange Today 2024
The black market prices for common denominations. Since the selling rate is ₦1705, we multiply it by the denomination in dollars. For example to convert $5, we multiply it by ₦1705.
| Denomination in Dollar($) | Black Market Exchange Rate Today in Naira |
| 5 | ₦8,525 |
| 10 | ₦17,050 |
| 20 | ₦34,100 |
| 50 | ₦85,250 |
| 100 | ₦170,500 |
| 150 | ₦255,750 |
| 200 | ₦341,000 |
| 300 | ₦511,500 |
| 350 | ₦596,750 |
| 400 | ₦682,000 |
| 500 | ₦852,500 |
| 800 | ₦1,364,000 |
| 1000 | ₦1,705,000 |
Dollar To Naira CBN Rate Today
the Central Bank of Nigeria sells at ₦1606 and buys at ₦1605. This price can be obtained from the publication here www.cbn.gov.ng/rates/ExchRateByCurrency.asp.
| CBN Selling Rate | ₦1606 |
| CBN Buying Rate | ₦1605 |
CAD To Naira Black Market Rate
The Canadian Dollars selling rate is ₦1195 while the buying rate is ₦1095. 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.
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 ₦1705. 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 ₦170,500.
How Much Is 1000$ In The Black Market Today?
1000$ is equivalent to ₦1,705,000.
How Much Is 5000$ In The Black Market Today?
5000$ is equivalent to ₦8,525,000.
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
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