Are you eager to discover the current Dollar to Naira black market rate? Regalrumination.com is your go-to source for the latest updates on Black Market, CBN, and AbokiFx rates.
In Nigeria’s dynamic currency exchange landscape, understanding the black market rate is essential for individuals and businesses.
Often, the black market provides more competitive rates than the Central Bank of Nigeria (CBN) rate, and transactions are facilitated by Bureau De Change (BDC) operators, commonly known as Abokis.
Understanding “Buying” and “Selling” Rates
In currency exchange, “Buying” refers to purchasing dollars with naira, while “Selling” involves exchanging dollars for naira. These rates fluctuate daily based on demand, making it crucial to stay updated.
What is the Dollar to Naira Black Market Exchange Rate for Today?
Today, November 14, 2024, insights from key currency exchange points such as Zone 4 in Wuse Abuja indicate the black market rates as follows:
- Buying Rate: ₦1,735.00 per dollar
- Selling Rate: ₦1,750.00 per dollar
How Much Is Dollar to Naira Black Market Rate Today?
For clarity, here’s a breakdown of today’s rates for various dollar amounts:
| Amount in Dollar ($) | Buying Rate (₦) | Selling Rate (₦) |
|---|---|---|
| 1 US Dollar ($1) | ₦1,735.00 | ₦1,750.00 |
| 5 US Dollars ($5) | ₦8,675.00 | ₦8,750.00 |
| 10 US Dollars ($10) | ₦17,350.00 | ₦17,500.00 |
| 20 US Dollars ($20) | ₦34,700.00 | ₦35,000.00 |
| 50 US Dollars ($50) | ₦86,750.00 | ₦87,500.00 |
| 100 US Dollars ($100) | ₦173,500.00 | ₦175,000.00 |
| 200 US Dollars ($200) | ₦347,000.00 | ₦350,000.00 |
| 300 US Dollars ($300) | ₦520,500.00 | ₦525,000.00 |
| 400 US Dollars ($400) | ₦694,000.00 | ₦700,000.00 |
| 500 US Dollars ($500) | ₦867,500.00 | ₦875,000.00 |
| 600 US Dollars ($600) | ₦1,041,000.00 | ₦1,050,000.00 |
| 800 US Dollars ($800) | ₦1,388,000.00 | ₦1,400,000.00 |
| 1000 US Dollars ($1000) | ₦1,735,000.00 | ₦1,750,000.00 |
| 5000 US Dollars ($5000) | ₦8,675,000.00 | ₦8,750,000.00 |
| 10000 US Dollars ($10000) | ₦17,350,000.00 | ₦17,500,000.00 |
