What is the Dollar to Naira exchange rate today? Dollar to naira black market exchange rate today, dollar naira exchange rate black market for Monday 16-10-2017.
This table is compiled to show the exchange rate of one U.S. Dollar to Nigerian naira including the prevailing parallel market rate. The Nigerian naira has fallen to 363 in exchange for the USD at the Aboki fx black market rate today (mallam exchange rate), which is a value higher than what is obtainable for the interbank market launched recently.
ABOKI EXCHANGE RATE IN NIGERIA TODAY: DOLLAR TO NAIRA: PARALLEL EXCHANGE RATE AT THE BLACK MARKET
Live USD Dollar to Nigerian Naira Daily Exchange Rate (USD/NGN) Today
This page allows you to convert Dollar to Naira, comparing the inter-bank currency exchange rate with competitive rates available in foreign exchange markets, money transfer services and the parallel mart (black market rates).
PORT HARCOURT, IBADAN, KANO, ENUGU, KADUNA, IMO, LAGOS BLACK MARKET EXCHANGE RATES FOR OCTOBER 2017
Exchange rate dollar to naira black market today – What Is Dollar-Naira Exchange Rate As Of Today?
Latest dollar to naira exchange rate bureau de change now + exchange rate euro to naira black market
16/10/2017 360 363
17/10/2017 *** ***
18/10/2017 *** ***
Buy = N305.95
Rate = N367.00
CBN EXCHANGE RATES VS ABOKI FOREX
Daily Exchange Rate for Dollar-Naira, Pound-Naira, Euro-Naira, Naira-Dollar, Naira-Pound, Naira-Euro Currency Exchange
How much is Naira to dollar today? How Much Did You Exchange (Buy Or Sell) The Dollar For Today? More GTB Dollar rate to Naira exchange rate today for online transactions to be updated soon!
So how much does your bank currently charges for Naira to Dollar exchange?
For the benefit of importers and business people who are interested in knowing the current dollar rate in order to send money from Nigeria to another country, please kindly drop the aboki rates at which you were charged during your recent transactions (both black market and official bank rates) using the comment box below.
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For quite some time now, the dollar black market rate has been hovering around 360 i.e. $1- N365, do you think it will go any higher or come crashing down anytime soon? Can you say that based on today’s Naira dollar exchange rate, that the Naira firm up against dollar? Share your views too.
Source: Aboki.com exchange rate for dollar to naira black market rate today. This is all you need to know on ‘How much is Dollar to Naira Exchange Rate today Black Market‘
For those abroad who are planning to send funds to Nigeria, the Naira to Dollar exchange rate is a major issue. Whatever type of currency you send into the country, you are left at the mercy of the prevailing rates that keeps floating. This means the rate at which you exchange your funds may rise or fall anytime without prior notice. Over the past months, the variations have been really wide and this can be a major concern for people interested in transferring funds.
Here are some factors affecting the Nigerian currency exchange rate at the moment.
The current political instability including security challenges rocking the nation is a major factor. From Boko-Haram to Niger Delta militants to Fulani herdsmen, some parts of the nations are continually under threats. All these discourage foreign investors and drive away those who have investments.
Net Import and Export
Nigeria’s major export is crude oil, and this constitute over 75 percent of revenue generation. Fluctuation in the world price of crude oil affects the economy in significant scale. Also Nigeria is a consumer economy that imports virtually everything citizens use. We spend more Naira than we earn in dollars.
There are other factors that influence the dollar to Naira exchange rate. These includes government policy, our obsession with imported products, public debt, inflation and current account deficits.
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