Dollar to Naira Black Market Exchange Rate Today | USD to Naira

Dollar to Naira Black Market Exchange Rate Today: USD to Naira

Do you want to know the current USD to Naira exchange rate? Here are the current black market and CBN exchange rates for Dollar to Naira. You can convert your USD to Naira at these rates in the official or parallel market.

Nigerians often exchange their foreign currencies—especially the US Dollar—for Naira using the black market because the official bank rate is very low.

On this page, you will see the current Aboki FX dollar/naira exchange rate, so you will know the right exchange rates for the currencies you wish to trade on the parallel markets. The most reliable source for the dollar/naira exchange rate on the black market is Aboki FX. Furthermore, you can find the current exchange rate here.

Dollar to Naira Black Market Rate Today

Do you want to know how much $ to ₦ in the parallel market? It may interest you that the black-market exchange rate varies significantly from the rate on the Central Bank of Nigeria’s official website (www.cbn.gov.ng).

The exchange rate in the table above is the current price of one United States dollar (USD) in Nigerian naira (NGN). The exchange rate seems to vary following the demand and supply of USD to Naira in the parallel and black markets.

However, we update this article daily with the latest and current 1 dollar to naira black market exchange rate.

Dollar to Naira CBN Rate Today

1 Dollar to Naira Black Market Rate Today

The parallel (black market) exchange rate is always different from the official Central Bank of Nigeria (CBN) rate. Currently, $1 equals ₦1,540 Naira. The naira to U.S. dollar exchange rate has drastically affected the Nigerian economy.

How Much is a Dollar to Naira in the Black Market Today?

Currently, $1 equals ₦1,540 Naira in the black-market exchange rate. However, there is always a difference from the official Central Bank of Nigeria (CBN) rate.

The black-market dollar exchange rate, also known as the Aboki market rate, is usually higher than the official Central Bank of Nigeria (CBN) exchange rate. A CBN exchange rate is the rate at which dollars can be bought or sold for naira on the CBN’s website dedicated to the exchange of Dollar for Naira, cbn.gov.ng.

The CBN dollar to naira bank rate is when you purchase items from foreign websites using your Naira Mastercard or debit card from Nigerian banks. This rate is almost always lower than the rate available on the black market.

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