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Today’s Exchange Rate Dollar (USD) to Naira (NGN) on Black Market

Would you like to discover the current Dollar to Naira rate on the black market? Look no further than oke.ng, your favorite source for the latest updates on Black Market, CBN and AbokiFx rates.

In the dynamic world of currency exchange, understanding these rates can be crucial for both individuals and businesses.

The Black Market rate often offers more favorable terms for those trading in dollars than the CBN rate, and the smart players in this market are known as Bureau De Change (BDC) Operators or Abokis.

But before we get into the details, let’s first demystify the terms “buying” and “selling” dollars.

Buying a dollar means acquiring it with Naira, while selling it exchanges your dollars for Naira at the prevailing black market rate. Understanding these concepts is essential to effectively navigate the currency exchange landscape.

Now let’s answer the burning question: “What is the dollar to naira black market exchange rate for today?

According to insights gathered from Zone 4, Wuse Abuja, a bustling currency exchange hub, the dollar was bought ₦1,380.00 and sold out ₦1,410.00 Today.

How Much Does the Dollar Cost Against Naira Black Market Today in Nigeria (May 5, 2024)?

Dollar to Naira Black Market / Aboki Rate Today

Dollar (USD) to Naira (NGN) Black Market/Aboki exchange rate today
Purchase rate ₦1380.00
Sales figures ₦1410.00

Black Market/Aboki exchange rate table today

Let’s break down black market prices for different denominations. Since the sales price is up ₦1,380.00we multiply it by the dollar denomination to determine the equivalent value in Naira.

Dollar amount ($) Buy price (₦) Sales rate (₦)
1 US Dollar ($1) to Naira ₦1,380.00 ₦1,410.00
5 US dollars ($5) for Naira ₦6,900.00 ₦7,050.00
10 US dollars ($10) for Naira ₦13,800.00 ₦14,100.00
20 US dollars ($20) for Naira ₦27,600.00 ₦28,200.00
50 US Dollars ($50) to Naira ₦69,000.00 ₦70,500.00
100 US Dollars ($100) to Naira ₦138,000.00 ₦141,000.00
200 US Dollars ($200) to Naira ₦276,000.00 ₦282,000.00
300 US Dollars ($300) to Naira ₦414,000.00 ₦423,000.00
400 US Dollars ($400) to Naira ₦552,000.00 ₦564,000.00
500 US Dollars ($500) to Naira ₦690,000.00 ₦705,000.00
600 US Dollars ($600) to Naira ₦828,000.00 ₦846,000.00
800 US Dollars ($800) to Naira ₦1,104,000.00 ₦1,128,000.00
1000 US Dollars ($1000) to Naira ₦1,380,000.00 ₦1,410,000.00
5000 US Dollars ($5000) to Naira ₦6,900,000.00 ₦7,050,000.00
10000 US Dollars ($10000) to Naira ₦13,800,000.00 ₦14,100,000.00

Dollar to Naira CBN Rate Today

As of today, May 5, 2024, the Central Bank of Nigeria is selling at ₦1,592.73 and buying at ₦1,593.73.

CBN retail rate ₦1592.73
CBN purchase rate ₦1593.73

How much is a dollar to the Naira black market rate (Lagos)?

In Lagos, known for its vibrant economy and bustling markets, the black market rate mirrors that of Abuja at ₦1,350.00. However, it is worth noting that there may be variations between the different exchangers in Lagos.

Dollar Conversion:

  • 100$ is equal to ₦138,000.
  • 1000$ is equal to ₦1,380,000.
  • 5000$ is equal to ₦6,900,000.00.

Stay tuned to oke.ng for unparalleled insights into exchange rates and market trends to help you make informed decisions in your financial endeavors.