Dollar to Naira Black Market Exchange Rate January 10th, 2024
What is the Dollar to Naira exchange rate at the parallel market, known as the black market (Abokifx) today? As of January 10th, 2024, the dollar to naira exchange rate is 1 USD to 1245 NGN at the black market.
What is the Dollar to Naira exchange rate at the parallel market, known as the black market (Abokifx) today? As of January 10th, 2024, the dollar to naira exchange rate is 1 USD to 1245 NGN at the black market.
This means that for every one US dollar, you can exchange it for ₦1245, News About Nigeria reports.
How Much is Dollar to Naira Today in the Black Market?
This rate is subject to change depending on a variety of factors including global economic trends, political developments, and market fluctuations. However, you can buy and sell 1 USD at ₦1245 and ₦1235 as of the time of writing today.
What is the current exchange rate of the dollar to naira in the black market today?
According to News About Nigeria, as of the time this report was filed, a dollar can be purchased at the Lagos parallel market (black market) for ₦1245 and sold for ₦1235.
Exchange Rate of Dollar To Naira in Black Market Today?
Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today
Buying Rate
1235
Selling Rate
1245
Central Bank of Nigeria (CBN) Naira Exchange Rates for Banks
Date
Currency
Buying(NGN)
Central(NGN)
Selling(NGN)
1/8/2024
US DOLLAR
853.954
854.454
854.954
1/8/2024
POUNDS STERLING
1085.6317
1086.2674
1086.903
1/8/2024
EURO
935.4212
935.9689
936.5166
1/8/2024
SWISS FRANC
1004.4154
1005.0035
1005.5916
1/8/2024
YEN
5.9109
5.9144
5.9179
1/8/2024
CFA
1.5016
1.5116
1.5216
1/8/2024
WAUA
1218.238
1218.9513
1219.6646
1/8/2024
RIYAL
227.7029
227.8362
227.9695
1/8/2024
DANISH KRONA
125.351
125.4244
125.4978
1/8/2024
SDR
1139.6016
1140.2689
1140.9361
News About Nigeria understands that although the dollar to naira opened at N1245 per $1 in the parallel market today, the Central Bank of Nigeria (CBN) does not acknowledge the parallel market, also referred to as the black market. The CBN has instructed individuals in need of forex to approach their bank as the I&E window is the sole recognized exchange.
On Wednesday, January 10th, 2023, individuals in the black market purchased one US dollar for N1245 and sold it for N1235. This shows that the value of the Naira improved when compared to Wednesday, January 9th, 2023 when the local currency was sold at N1240 to a Dollar and a Dollar was purchased at N1250.
To stay informed about the dollar to naira exchange rate, there are several reliable sources that you can turn to. Here are some tips for staying up-to-date:
Check the Central Bank of Nigeria’s website: The CBN is responsible for regulating the country’s monetary policy and is a reliable source for the latest exchange rates. You can check their website regularly for updates.
Follow financial news outlets: Financial news outlets such as News About Nigeria, Bloomberg, Reuters, and CNBC provide regular updates on the global currency markets, including the dollar to naira exchange rate.
Use online currency converters: There are a number of online currency converters that allow you to quickly and easily check the exchange rate between the dollar and the naira.
Follow social media accounts of financial experts: Following social media accounts of financial experts such as analysts, economists, and financial advisors can give you valuable insights into the latest trends in the currency markets.
By staying informed about the dollar-to-naira exchange rate, you can make informed decisions when buying or selling foreign currencies. Whether you are a business owner looking to trade in foreign currencies or an individual looking to invest in the currency markets, knowledge of the latest exchange rates is key to success. Keep these tips in mind and stay informed about the latest trends in the global currency markets.
