![]() $5 is 3860Naira How much is $10 in Nigeria black market?ġ0$ is 7720 naira How much is 20 dollars in Nigeria black market today? Dollar to Naira Black Market Rate Today Dollar to Naira (USD to NGN) Having full knowledge how much USD to NGN black market exchange rate today will give you a better opportunity to plan and make informed decisions. On this page, we are primary focusing on the Black Market Dollar To Naira Exchange Rate Today, the USD to Naira currency pair are the most traded currency in the FX market. As at today with USD being traded at ₦772 we see a 0.17% rise for United States Dollar to Naira exchange rate for this month. When we look at this month, USD was traded at ₦755 at the beginning of this June on Thursday, June 1, 2023. ![]() This makes it 0.15% rise for United States Dollar against Naira this week. USD has been traded at ₦757 when Black Market opened this week on Monday, June 19, 2023. USD is being traded at ₦772 in Black Market(Lagos) today, Thursday, June 22, 2023. There might be slight variation at different parallel (unofficial) market. Here is Today’s CAD to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The Canadian Dollar currency ( Euro) currently in Abuja, Kano, Lagos. Here is Today’s Dollar to Naira black market rate : this is the rate Aboki/Bureau De Change (BDC) are selling and buying The United States dollar currently in Abuja, Kano, Lagos. When we checked on local dealers reports on forex in Lagos and Abuja respectively the Dollar To Naira Exchange Rate remainsħ72, this means you can buy Dollar at 772 while you can sell at 765 Dollars to Naira Black Market Dollar to Naira Rate for Past 7 Days Date Interestingly at the same time the Pound To Naira Exchange Rate is 976 buy, while you can sell a pound for 962 sell at the black market rate. We had high expectations for the new administrations reform agenda however, the speed of execution has proven to be a positive surprise.More also the second most traded currency known as Euro/Naira traded at 830 buy and 820 sell respectively in the black market. “We believe there is room for incremental positive surprises with respect to reform depth and execution speed. “We remain long USD/NGN via non-deliverable forwards (NDFs) as well as OW emerging markets bond index global diversified (EMBIGD) index as we expect further positive catalysts to materialise in the near-term. “While it will take a few days for USD/NGN spot to settle, we fully expect an initial overshoot towards the parallel market rate of -750 or higher, after which, we expect USD/NGN to settle in the high 600s over the coming months,” the statement reads. The naira, during trading hours, sold for between N750 and N755 per dollar before appreciating to close at N664.04.Īnalysing the naira float, JP Morgan said although it would take a few days for the dollar/naira spot to stabilise, it fully anticipates an initial overshoot towards the parallel market rate of below 750 or higher. The Central Bank must work towards a unified exchange rate”. The apex bank’s new policy followed a declaration by President Bolu Tinubu that the “monetary policy needs thorough house cleaning. On Wednesday, the Central Bank of Nigeria announced the unification of all segments of the forex exchange (FX) market, signalling that the exchange rate will now be decided by market forces. The financial institution made the projection in a statement on Thursday. JP Morgan, an American multinational financial services firm, says the naira is expected to appreciate, and trade at about N600 to the dollar in the coming months.
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