How Much is Dollar to Naira Today

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How much is Dollar to Naira Today? –  If you have dollars right now in Nigeria, don’t worry, is a good news that you will become a very rich and mighty man.

Without having much time to spent, take a quick and careful look at our guide to see how much your pocket will yield if your dollar is exchanged to naira today.

Naira Bank Rate vs Aboki Rate

From here you can compare Naira Bank rate to Aboki rate to know how much is Dollar to Naira today

Do You know that Dollar to Naira Bank rate is far lower than the Dollar to Naira Aboki rate?

Of course, you know that the exchange rate in banks is different from the exchange rate in the parallel market. If you are doubting me, let’s look at the prove below:

The dollar to naira black market rate is N495 if you want to sell and N500 if you want to buy. That is, if you have dollars that you want to exchange dollar for naira (sell), the amount is N495/$.

On the other hand, if you want to exchange naira to dollar (buy), the amount is N500/$. This is the dollar to naira exchange rate in the streets and is also known as the parallel (black) market or Aboki rate. Black market money exchangers are local BDC street retailers found in almost all states in Nigeria.

What is Aboki exchange rate in Nigeria today?This is the rate at which your dollar will be exchange to having pass through the Aboki if you may not want to go through the bank.

If you have a dollar to change with Aboki, first and foremost, make sure that you confirmed it to naira bank rate today so that you will not be cheated by them.

Please Note: The dollar to naira black market rate is N495.

As of today, the exchange rate dollar to naira black market is different from the bank rate which is N411/$. According to Morningstar, one United States Dollar equals 411.00 Nigerian Naira.

Just recently, the Central Bank of Nigeria devalued the naira by 7.6% against the dollar.

This has weakened Naira to a four-year low in the parallel market after the central bank’s efforts to coax banks to sell more dollars to customers failed to bridge the widening gap between the official and street rates.


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