Black Market Dollar To Naira Exchange Rate Today, 5th April 2024: Latest Updates

Black Market Dollar To Naira Exchange Rate Today, 5th April 2024: Latest Updates

What’s the Current Dollar to Naira Exchange Rate in the Black Market (Aboki fx)? See the latest black market exchange rate for the Dollar to Naira as of 4th April below. If you’re considering swapping your dollar for Naira, here are the prevailing rates……READ ALSO Black Market Dollar To Naira Exchange Rate Today – April 4, 2024

How Much is the Dollar to Naira Today in the Black Market? Find out the current black market exchange rate for the Dollar to Naira (Aboki dollar rate) below:

• Buying Rate: N1245
• Selling Rate: N1255

Please note: The Central Bank of Nigeria (CBN) doesn’t recognize the parallel market (black market) exchange rates. Individuals seeking Forex transactions are directed to approach their respective banks.

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

• Buying Rate: N1245
• Selling Rate: N1255

Dollar to Naira CBN Rate Today Dollar to Naira (USD to NGN) CBN Rate Today

• Buying Rate: N1259
• Selling Rate: N1260

Please be aware that Forex rates for buying or selling may differ from those mentioned in this article due to market fluctuations.

Naira Appreciates to N1,240/Dollar in Parallel and Official Markets As of the close of trading on Wednesday, Nigeria’s currency, the Naira, appreciated to N1,240 per dollar in the parallel section of the Foreign Exchange (FX) market.

This signifies a 0.80 percent increase from the N1,250/$ reported on April 1.

Currency traders in Lagos quoted the buying rate of the local currency at N1,220 and the selling rate at N1,240.

At the official window, the Naira appreciated by 1.25 percent against the dollar, closing at N1,262.85 on Wednesday from N1,278.58 on April 2.

During trading hours in the official window, a dollar was sold as high as N1,296 and as low as N1,210, according to FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM).

The daily foreign exchange market turnover was $166.18 million.

With the current figures at both FX markets, the official market rate surpasses the parallel market rate by N22.85.

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