As of today, March 14th, 2024, the blackmarket rate for exchanging 100 US dollars to naira stands at: Buying rate: ₦160,000 Selling rate: ₦160,500 In essence, purchasing 100 US dollars in the blackmarket requires 160,000 naira, while selling
Blackmarket dollar to naira exchange rate today The local currency (abokiFx) opened at ₦1,618.00 per $1 at the parallel market otherwise known as the blackmarket, today, Saturday, 9 March 2024, in Lagos Nigeria, after it closed at ₦1,610.00
BlackMarket Dollar (USD) To Naira (NGN) Exchange Rate Today 21st April 2024 What is the Dollar to Naira Exchange rate at the blackmarket, also known as the parallel market (Aboki fx)?
The price of an AK-47 assault rifle, one of the most-recognisable weapons of war, has fallen over the last few months by 50% on the blackmarket in Sudan's capital, Khartoum - now costing only around $830.
Data from FMDQ showed that the naira opened at N757 per dollar on Thursday at the official market but traded much weaker at N945 per dollar at the blackmarket.
The naira closed at 305.45 to the dollar on the spot market on Friday, and was quoted at 380/dollar on the blackmarket. It was quoted at 382 per dollar at a trading window for investors.
Reports from Yola, Adamawa, said there was a spontaneous resurfacing of blackmarket operation where the black marketers had flooded major roads with the product.
While it depreciated against the US Dollar in the Investors and Exporters (I&E), the official market, and Peer-to-Peer (P2P) window, Naira recovered its lost value in the blackmarket.
Foreign exchange traders in the blackmarket saw the rate of the dollar climb to N960/$1, based on a report from AbokiFX. Dealers increased the price slightly by N5 from the preceding day's N955/$1.
Nigeria's currency, the Naira, slumped to N900 against the Dollar at the parallel market on Wednesday. Ahmed Gazali, a Bureau De Change Operator, confirmed the rate on Thursday morning.
Black marketers this week hit rock bottom as several interventions of the Central Bank of Nigeria (CBN) in the forex market bolstered the value of the naira, which rose to N390 to the dollar yesterday.
The local currency, which closed at 364/dollar on the blackmarket on Friday, had closed at 368/dollar the previous Friday. At the official interbank market, the naira has stuck around 305.90/dollar since August 2016.