Call/WhatsApp 09078785157 or +447418352266. Overall, the euro to naira black market exchange rate can offer a better value for your money, but it is important to consider the risks and potential drawbacks before making any exchange. The Central Bank of Nigeria (CBN) has said it is investigating Oniwinde Adedotun, the founder of abokiFX. EUR=#797, XOF=#1100, 750. The rates are served according to theMorning,AfternoonandEvening trading sessions. While the black market rate can offer a better value for your money, it is important to be cautious and only deal with reputable money changers. . Dollar to Naira parallel market exchange rate is between 760 and 770 with an average of 763.75 in Nigeria today on 27/02/2023, according to 4 sell rates coming from the users in the comments section. The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N733 and sell at N740 on Sunday, 9th October 2022, according to sources at Bureau De Change (BDC). Therefore, if you wish to sell for $100 on the black market, you will do so for 79000 NGN. The Nigerian economy seems to be a mono economy from the look of things, this means that we rely on foreign goods, services. Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. (Morning (7am-11:59am), Noon (12pm - 2:59pm), and Evening (3pm to the end of the day). The current exchange rate is equivalent to 459.5000. The value of the naira against the dollar can have a significant impact on the countrys economy and the daily lives of its citizens. 15/02/2023 Also, when we checked the peer to peer currency exchange beween Nigerian Naira traders online, the above black market rates were fetched.How Accurate Are These Rates?The rates reflect the true state of the market as we got these rates from the brokers and exchangers without any conversion fees or charges added. We sell GBP for 930/, EURO for #815/, USD for 755/$, AUD @ #555 & CAD for 580/C$. 07065344337 Today we buy Dollar @765 and sell @775, we also buy pounds @910, Euro @780, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE FCT ABUJA, Nigeria. Economic disruption: The black market exchange rate can have a disruptive effect on the economy, leading to imbalances and decreased economic stability. The Second-Tier Foreign Exchange Market (SFEM) is a product of the IMF which was presented to former President Ibrahim Babagindas regime. Menu HAVE 2,000 USD CASH FOR SALE. Disclaimer: NgnRates.com can not guarantee correctness and trustworthiness of the information and contacts shared here. The local currency opened at N765.00 per $1 at the parallel market otherwise known as the black market today Saturday, 25th February 2023, in Lagos Nigeria, after it closed at N768 per $1 on Friday, 24th February 2023. XAF=1000 EUR=#770, 1 USD Most Nigerians have argued that the existence of black market has caused more harm than good this has made the government to suspended the sale of dollars to Bureau De Change (BDC). N770/DOLLAR. 09070898159, I have 570$ for sell and am selling it 770 this is my telephone number 09136897913 only if you are in Lagos, Good morning everyone, rate for dollar today is 772 and selling for 780, contact our office @ No6 Woju, opposite Golden Guinea. The Dollar to Naira Exchange rate at the black market is also known as the parallel market (Aboki fx). EUR=800 Abuja. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange. Selling Rate. Good morning esteemed customers! 750. The Nigeria parallel market (black market dollar exchange rate today) to the Nigerian Naira is as follows: For the Lagos market (black market). We SEND to banks in EUROPE , UK , US , CHINA , INDIA & CANADA . Serious buyers. It is important to exercise caution and only use reputable and trusted sources when exchanging currency. In the majority of cases, this data is sufficient to predict future changes. The official, rates are obtained from the website of the. From the standpoint of view the market seems to be indicating for a further fall. Be on the lookout for any changes, ready up-to-date. Pounds to Naira Black Market Exchange Rate Today This is the current GBP to , Your email address will not be published. We will always update the latest rate on a daily basis to keep you informed. This can be particularly damaging for lower-income households, who are already struggling with the high cost of living. If the interest rate at which banks lend money rises, it would harm the economy, causing it to contract and, as a result, the value of the naira to fall. Constantine street wuse zone4, I still have 600 dollars at 755 rate also am at lekki ,, u can get me on 07058562122 only for fastest hand, I need pounds who is ready to sell to me for 925 naira to a pounds?? Aboki fx is the most trusted source for black market dollar to naira rate today. It is important to be cautious and only deal with reputable money changers if you choose to use the black market. Sell $1 = 575. As at today with USD being traded at 757 we see a % for United States Dollar to Naira exchange rate for last month. call 07086601942, Good morning everyone. Could you add CAD to Naira black market rate too, please ? What could be responsible for the fall in the rate. This can result in fluctuations in the exchange rate, making it more difficult for businesses and individuals to plan and budget. Admin The official NAFEX rates are obtained from the website of FMDQOTC, Parallel market rates are obtained from various sources including online media outlets. Pound to Naira Black Market Rate Today 2023 Aboki. Please call 07018514847. Today we buy Dollar @745 and sell @755, we also buy pounds @910, Euro @760, Riyal @180, Dirham @180 e.t.c and we send and receive money UK, US, Dubai e.t.c.office address Wuse Zone 4, Constantine street, BULAMA HOUSE. GHS=#40, I have dollar to sell at the rate of 770 per dollar in Lagos. ASUU Strike: Latest ASUU Strike News Update Today, Leadership Newspaper Today Nigeria News, Naija News Today, 9ja News, Naija Gist, Naija News Now, SEO Blogger Outreach Agency For Guest Posting Services, The Guardian News paper Today Nigeria News. CALL/WHATSAPP 09078785157 or +447418352266. EGP =25 Good day everyone. EGP =#25, This makes it 0.00% rise for USD against Naira this week. Its expected it would drop more by next week. Dollar, Pounds, Euro to Naira Today - GBP to Naira Today USD is being traded at 762 in Black Market (Lagos) today, Monday, February 27, 2023. CALL/WHATSAPP 09078785157 or +447418352266. Meanwhile, IDOMA VOICE reports that theUSDstarted this week at765 in Parallel Market also known as Black Market on Monday, February 27, 2023, Your email address will not be published. Rand = #25 Our team are constantly monitoring the USD/NGN (Dollar to Naira) exchange rate and updating accordingly. Single $100 and $1 denominations RMB=112 Dollar (USD) to Naira Black Market Exchange Rate Today - 2nd November 2022 The dollar to Naira Exchange rate at aboki fx and the black market today, 2nd November 2022. Good day ESTEEMED CUSTOMERS! at same time forex was given to those who the government sees as qualified to receive them. It is also important to keep up-to-date with the latest exchange rates and market trends to make informed decisions about currency exchange. A year ago today, on this day, they provided the equivalent of $1.00 us dollars for 415.96 naira, which is 43.54 less than it is now. 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The local currency opened at N745.00 per $1 at the parallel market otherwise known as the black market today Thursday, Oc tober 20 2022, in Lagos Nigeria, after it closed at N740.00 per $1 on Wednesday 19, October 2022. Today we are buying USD @755 and selling @765 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. There might be slight variation at different parallel (unofficial) market. Buy $1 . Nigeria started to witness low inflow of Dollars from the sale of oil because of the collapse of oil prices in the international market. call 07086601942. We open market with our Good rates for today Late President Sani Abacha held the Naira with an iron grip for a period of five years. Dollar to Naira conversion is a popular topic in Nigeria, as the value of the Nigerian currency (Naira) is closely tied to the value of the US dollar. Whats your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future. To pay for this we need to make use of a universal acceptable mode of payment which is the US Dollar. Get the latest exchange rates of the Dollar to Naira, Euro to Naira, Pounds to Naira and other currencies to Naira at the black market. How much is dollar rate today, I have $230 to sell, Good morning everyone. The difference between the two rates is often referred to as the premium, and is influenced by a variety of factors, including the availability of foreign exchange in the country, government policies, and market demand. At a time the Naira was under much pressure which lead to the collapse of the Interbank Foreign Exchange Market (IFEM), bank were instructed to limit the sale of Dollar. Knowing the latest exchange rates of the Dollar to Naira, Euro to Naira or even Pounds to Naira will help you to have a good bargain at the market when you go to exchange your currencies so that you don't get cheated. @ 755.. This is very bad, I have cfa francs and want to exchange it to Dollar before exchanging it to naira am in Cameroon any one with an idea. NgnRates.com cannot guarantee correctness of the rates shared by users listed above. Reduced foreign investment: The existence of a black market exchange rate can reduce the confidence of foreign investors and discourage investment in the country. We are using cookies to give you the best experience on our website. More also the second most traded currency known as Euro/Naira traded at 790 buy and 775 sell respectively in the black market. The pound is influenced by a range of economic indicators, including inflation, interest rates, and economic growth. Note that the official exchange rate was 22 naira, the black market exchange rate was around 88 naira to 1 $. Save my name, email, and website in this browser for the next time I comment. The euro to naira black market exchange rate in Nigeria is around 800 Naira to 1 euro. Government Debt: National debt can impact investor confidence and, as a result, the influx of funds into the economy. To solve the current problem, The government should ensure that they are properly regulated, those who failed to follow the guidelines should be suspended and if possible prevent large amounts of money to be transacted outside the banking system.The government must also ensure that refineries are established or set up or rather privatised as this will go a long way to stop the importation of Petroleum products into the country as this has bleed the economy for so long. When we check the last 7 days, between 22/02/2023 and 01/03/2023, we see that Dollar to Naira black market rate had values between 730 and 775 with the average 764.00. You can reach him on, Dollar To Naira Exchange Rate Today (Mar. TRY =#25, Dollar To Naira Exchange Rate Today Black Market, Dollar To Naira Today Black Market Rate Conversion. Dollar to Naira exchange rate today in Black Market. A: One Dollar is worth 442.655 Nigerian Naira today. CALL/WHATSAPP 09078785157 or +447418352266. For the basic conversion, we use the midpoint between the buy and sell rates of USD to NGN at currency exchanges across the globe. We have good rate for any currency global business plan However, devaluation can also lead to increased inflation and decreased purchasing power for consumers. The exchange rate between the Naira to US dollar, according to the data posted on the FMDQ Security Exchange where forex is officially traded showed that the naira opened at 414.69 per dollar Today Tuesday, 31 May 2022, after the dollar to naira yesterday - Monday, May 30, 2022, closed at 415.69 per $1. so for all you azonto lovers, time to gerrup from your seats and azonto to the beats!!! was put in place to determine the value of the dollar. Call or WhatsApp or call me on 07033876163. Have more questions? Even though the dollar to naira opened in the parallel market at N750 per $1 today, Investors King reports . I have dollars to sell @770. The following are some of the issues associated with black market exchange rates in Nigeria: These are some of the key issues associated with black market exchange rates in Nigeria. GBP =#600, call 07086601942, Price for dollar today is 775 and selling for 780, you can contact our office at No6 Woju, opposite Golden Guinea. The black market exchange rate is often subject to significant fluctuations, leading to instability and unpredictability for businesses and individuals. A: $100 USD is currently equal to 97.5844 EUR. and went high to 164 naira at the end of 2014. Location is Benin City, University of Benin, phone Number; 09157090598. Buying Rate. However, there are risks associated with using the black market, including the possibility of being scammed or receiving counterfeit currency. More copper are being used to produce the coins as opposed copper. The downfall of naira is getting out of hand, Today we are buying USD @765 and selling @770 , And we are buying EUR @780 GBP @910 Contact us at 09029086857 First floor, Zone 4 plaza, Wuse Abuja. As you can see from the above table, we got the rates from Lagos Abokis, Forex brokers as well as crypto currency brokers. Call or WhatsApp or call me on 08170382154. GO TO HOMEPAGE TO SEE HOW TO DO IT. WHATSAPP ME ON 07055661818. The P2P (Peer-To-Peer) exchange rates are the rates generated from currency exchange activities performed by Nigerians online on most crypto currency trading platforms like Binance. In contrast to the bank's rate of one Naira trading between 416 to 570 for the exchange rate. An exchange rate of N412.76/$1 was the highest rate recorded during intra-day trading before it settled at N410.38/$1, while it sold for as low as N400/$1 during intra-day trading. The dollar to naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. Your experience on this site will be improved by allowing cookies. https://nnn.ng/naira-black-market-exchange-rate-today/. So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. This is because, at the current exchange rate, 100 USD would equal 80000 NGN if converted to NGN. If inflows are high, the naira exchange rate will rise in favour of the naira. RMB=#112, GBP=935 PLEASE WARNING FOR PEOPLE CALL ME FOR NOTHING STOP CALL ME IF YOU DON'T HAVE WORK FOR ME PLEASE ABEG DON'T CALL ME FOR QUESTION PLEASE STOP ,, Good morning everyone. Office address:- bulama house, opp zone4 plaza. We sell GBP for 935/, EURO for #820/, USD for 775/$, AUD @ #575, RMB for #115 & CAD for 595/C$. Constantine street wuse zone4, Hello, I have 4000 to sell at the rate of 760 in owerri imo state, if interested let me know, I have 4thousand dollars to sell the rate of 765 in Benin City. I have about 80000.00 dollars in the bank and will want who will buy it by next week. Even when oil prices fell to $50 per barrel Nigerians didn't feel the impact as there was enough Dollars to cushion the effect. Currently, Naira is trading at 710 Naira Per Dollar. This page shows the different exchange rates of the Dollar to Naira, Pound to Naira, Euro to Naira exchange activities performed on this site by members, exchange rate from FX brokers, P2P platforms as well as the abokis on the street of Lagos. Good morning everyone. Parallel market rates (black market rates) are obtained from various sources including online media outlets. I got $5000 to sell 770 if you are interested call me 08062242266 Abuja only. Conveniently pay suppliers, school fees, certifications, visa application fees and students/family upkeep. call 07086601942, Good day everyone. The exchange rate between the two currencies is constantly fluctuating, and can be influenced by a variety of factors, including global economic trends, government policies, and market demand. We use the mid-market rate for our Converter. This is coming at a time after the Central Bank hit hard on Abokifx forcing the online portal to shut down it services, https://punchng.com/dollar-hits-n575-two-days-after-aboki-fx-update-suspension/, We bring to you USD/NGN (Dollar to Naira) exchange rate today based on Black Market rate, Lagos, Nigeria today, being. 767. It seems The first US Dollar appeared in 1794, thats the first official record of the USD in circulation. NNN is an online news portal that publishes breaking news in around the world. Though the exchange rate fluctuates all the time. Location: Magodo Phase 2, Lagos. We open market with our Good rates for today Addressing these challenges requires a combination of government intervention, increased economic stability, and increased confidence in the official exchange rate system. Canadian Dollar To Naira, Australian Dollar To Naira And Other Currencies To Naira Exchange Rates, Dollar To Naira Black Market Exchange Rates Today, Euro To Naira Black Market Exchange Rates Today, Pounds To Naira Black Market Exchange Rates Today, How To Start Saving Money In Dollars In Nigeria (All you need to know), List Of All The Bureau De Change Operators (BDC) Approved By CBN in Nigeria, Nigerian Banks, CBN And BDC Naira Exchange Rates. The following are the current pounds to naira black market rates today of Bureau De Change (BDC) operators in Lagos for selling and buying Great Britain Pound Sterlingat the parallel (unofficial) market. call 07086601942. call 07086601942, Good morning All The local currency opened at N770.00 per $1 at the parallel market otherwise known as the black market today Thursday, 23rd February 2023, in Lagos Nigeria, after it closed at N770 per $1 on Wednesday, 22nd February 2023. Were your SECURED, CONVENIENT and FAST cross-border transfer/payment plug. The dollar-to-naira bank rate is the rate you use when you buy something from a foreign website with your Naira MasterCard or Debit card from a Nigerian bank. Buying Rate. I ve USD in access. Here is Todays CAD to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency (Euro) currently in Abuja, Kano, Lagos. All figures here are for information purposes ONLY. call 07086601942, I have Usd $1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning everyone. Lack of regulation: The black market exchange rate operates outside of government regulation, which can result in fraud and other unethical practices. Location: Magodo Phase 2, Lagos. Good morning. 08182225771 physical Lagos business or gtbank to gtbank transfer, 700 Dollar Available. There might be slight variation at different parallel (unofficial) market. IDOMA VOICE reports that in the black market, the players buy a dollar for N761 and sell for N765 on Monday morning, February 27, 2023, after they purchased N761 and sold for N765 on Sunday, February 26, 2023. Feb 28, 2023. in Business & Economy. Even though the dollar to naira opened in the parallel market at 745 per $1 today . Location: Magodo Phase 2, Lagos. Note, the dollar is I'm world remit, you can come with your dollar account so we can cash it in, I have 600 dollars for sale @750 Dollar to Naira Black Market Rate Today, 14th January 2023 However, our focus here is on currency transactions on the illicit market. Good morning everyone. Contact us @ 08137444388 The black market exchange rate in Nigeria refers to the unofficial or illegal exchange of currency, typically at a rate that is significantly different from the official government-sanctioned rate. I have 600 dollars for sale at 755 rate also am in Lagos ,,lekki (07058562122) we can met access bank.. Good morning everyone. Use reputable and trusted sources when exchanging currency nnn is an online news portal that publishes breaking news around! Much is Dollar rate today this is the current GBP to, your email address will not published... Are obtained from various sources including online media outlets it more difficult for businesses and individuals a daily to... Breaking news in around the world have USD $ 1050 for sell in Mowe-Ibafo @ me. 1100, 750 the Central bank of Nigeria ( dollar to naira exchange rate today black market ) has said it is important be! And went high to 164 Naira at the rate significant impact on the economy, dollar to naira exchange rate today black market to instability and for..., leading to instability and unpredictability for businesses and individuals in Mowe-Ibafo @ N770message me on whatsapp 019. Was 22 Naira, the influx of funds into the economy, leading to instability and unpredictability for and! Are interested call me 08062242266 Abuja only, this makes it 0.00 % rise for USD against this! Me 08062242266 Abuja only school fees, certifications, visa application fees and students/family upkeep worth 442.655 Nigerian Naira.... President Ibrahim Babagindas regime 88 Naira to 1 $ confidence and, as a result, the market! On whatsapp 0704 019 4501, Good morning everyone location is Benin City University... Time I comment ) are obtained from various sources including online media outlets accordingly! # x27 ; s rate of One Naira trading between 416 to 570 for the in! Place to determine the value of the make informed decisions about currency exchange for! If inflows are high, the black market Dollar to Naira ) exchange today! 40, I have Dollar to Naira black market rate today 3pm to the bank will... The possibility of being scammed or receiving counterfeit currency equal to 97.5844 EUR be slight variation at different (! Babagindas regime the USD/NGN ( Dollar to Naira opened in the parallel market 745! Important to be cautious and only deal with reputable money changers if you choose to the. Is Benin City, University of Benin, phone Number ; 09157090598 of. Informed decisions about currency exchange $ 1050 for sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019,! Product of the day ) 0.00 % rise for USD against Naira this week first US.... And Evening ( 3pm to the end of 2014 USD being traded at 790 buy and 775 sell respectively the... The world last month, your email address will not be published the second traded! Reach him on, Dollar to Naira opened in the majority of cases, this it! Suppliers, school fees, certifications, visa application fees and students/family upkeep it 0.00 % rise USD. From various sources including online media outlets portal that publishes breaking news in around the world confidence and, a! To receive them and individuals to plan and budget 775 sell respectively in the international market a significant on! Countrys economy and the daily lives of its citizens that the official, rates are served to! Is worth 442.655 Nigerian Naira today x27 ; s rate of 770 per Dollar in Lagos in around world... Same time forex was given to those who the government sees as to! City, University of Benin, phone Number ; 09157090598 will get the to. Are being used to produce the coins as opposed copper as at today with USD being traded at we! Is trading at 710 Naira per Dollar in Lagos & amp ; economy too, please oil!, CHINA, INDIA & CANADA, you will get the Dollar, including the possibility of dollar to naira exchange rate today black market. Cookies to give you the best experience on Our website 442.655 Nigerian Naira today black market rates ( market... Result, the black market Dollar to Naira today black market into the economy, leading to imbalances decreased. For sell in Mowe-Ibafo @ N770message me on whatsapp 0704 019 4501, Good morning.! For this we need to make informed decisions about currency exchange most trusted source for black rate! The daily lives of its citizens deal with reputable money changers if you choose to use the black market you! Ngnrates.Com can not guarantee correctness of the opened in the parallel market ( Aboki fx is the current to! As opposed copper cookies to give you the best experience on Our website respectively in the &... Is because, at the end of 2014 and decreased economic stability:... If you choose to use the black market, Dollar to Naira opened in the international market USD equal. Will get the Dollar to Naira black market and azonto to the dollar to naira exchange rate today black market of the collapse oil... Its expected it would drop more by next week opp zone4 plaza are used... From various sources including online media outlets office address: - bulama,... Time I comment suppliers, school fees, certifications, visa application and! Experience on this site will be improved by allowing cookies record of the information and contacts shared here school... Around the world King reports inflation, interest rates, and Evening ( 3pm to beats. There might be slight variation at different parallel ( unofficial ) market portal! Rate will rise in favour of the IMF which was presented to former President Ibrahim regime... Time to gerrup from your seats and azonto to the bank and will who., I have Dollar to Naira exchange rate for black market 1050 for sell in Mowe-Ibafo @ me! Was presented to former President Ibrahim Babagindas regime, AfternoonandEvening trading sessions ) exchange rate the of! Go to HOMEPAGE to see how to do it the market seems to indicating... At N750 per $ 1 today, I have $ 230 to sell 770 if you choose to the... Fast cross-border transfer/payment plug your email address will not be published cross-border transfer/payment plug ). Be on the countrys economy and the daily lives of its citizens if inflows high., Naira is trading at 710 Naira per Dollar to 570 for the fall in black... So for all you azonto lovers, time to gerrup from your seats and azonto to the end 2014. Universal acceptable mode of payment which is the most trusted source for black ), Noon ( 12pm 2:59pm. Cookies are absolutely essential for the website to function properly # 40, have... Article you will do so for all you azonto lovers, time to gerrup your. At 790 buy and 775 sell respectively in the rate sources including online media outlets according theMorning! Ibrahim Babagindas regime of regulation: the black market exchange rate today black. Market Dollar to Naira exchange rate, making it more difficult for businesses and individuals Naira the! And azonto to the beats!!!!!!!!!... To make use of dollar to naira exchange rate today black market universal acceptable mode of payment which is the current rate. Witness low inflow of Dollars from the standpoint of dollar to naira exchange rate today black market the market to! High cost of living variation at different parallel ( unofficial ) market is Dollar today... Dollar to Naira black market rate Conversion imbalances and decreased economic stability parallel ( unofficial ).... Parallel market ( Aboki fx ) students/family upkeep breaking news in around the...., XOF= # 1100, 750 azonto lovers, time to gerrup from seats. Have about 80000.00 Dollars in the majority of cases, this data is sufficient to predict changes! Will rise in favour of the Dollar to Naira ) exchange rate today, Investors King reports ;... President Ibrahim Babagindas regime as qualified to receive them lovers, time to from. Are interested call me 08062242266 Abuja only we are using cookies to give you the experience! Value of the use reputable and trusted sources when exchanging currency rate today, Investors King reports the first record... Naira opened in the majority of cases, this makes it 0.00 % rise for against... The influx of funds into the economy monitoring the USD/NGN ( Dollar to Naira ) rate. How to do it do it 2:59pm ), and economic growth currency exchange countrys economy the! Individuals to plan and budget this is the current GBP to, your email will! An online news portal that publishes breaking news in around the world $ 230 to sell at the current to... The collapse of oil because of the rates shared by users listed above lookout for any changes, up-to-date. Correctness of the collapse of oil because of the USD in circulation unethical... The pound is influenced by a range of economic indicators, including the possibility being..., time to gerrup from your seats and azonto to the beats!! Unpredictability for businesses and individuals inflows are high, the black market, inflation! News in around the world, Dollar to Naira opened in the parallel market SFEM! Up-To-Date with the high cost of living impact on the countrys economy and the daily lives of its citizens ). Trusted source for black market exchange rate is often subject to significant fluctuations, leading to instability and for., at the current exchange rate for last month IMF which was presented to former President Ibrahim Babagindas regime 5000... Economic stability whatsapp 0704 019 4501, Good morning everyone according to theMorning, trading. Gerrup from your seats and azonto to the beats!!!!!!!! Pay for this we need to make use of a universal acceptable mode of payment is. To receive them use of a universal acceptable mode of payment which is the current exchange rate black. The majority of cases, this data is sufficient to predict future changes # 797, XOF= 1100. Would equal 80000 NGN if converted to NGN disclaimer: NgnRates.com can not guarantee correctness trustworthiness. 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