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Do you want to know the black market rate from dollar to naira today?
Usually, the black market rate is better for those using dollars than the CBN rate. The people who manage these transactions are called bureau de change (BDC) operators or Abokis.
Before we go any further, it is important for readers to understand what it means to “buy” and “sell” dollars. Buying a dollar means getting one with Naira, while Selling means exchanging your dollars for Naira at the black market rate.
Now let’s move on to the question: “What is the black market exchange rate between the dollar and the naira for today?” » According to dealers in Zone 4, Wuse Abuja, a popular BDC center in Nigeria, one dollar was purchased at ₦1,485 and sold to ₦1,490 Today.
Exchange table of the black market/Aboki exchange rate today
| Dollar denomination ($) | Black Market Exchange Rate Today in Naira |
| 5 | ₦7,825 |
| ten | ₦15,650 |
| 20 | ₦31,300 |
| 50 | ₦78,250 |
| 100 | ₦156,500 |
| 150 | ₦234,750 |
| 200 | ₦313,000 |
| 300 | ₦469,500 |
| 350 | ₦547,750 |
| 400 | ₦626,000 |
| 500 | ₦782,500 |
| 800 | ₦1,252,000 |
| 1000 | ₦1,565,000 |
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) as it has asked individuals wishing to engage in Forex to apply to their respective banks.
Dollar Naira CBN Exchange Rate, Today
The parallel (black market) exchange rate is always different from the CBN rate. Currently, the Naira is trading at 1,520 Naira per dollar. The Nigerian economy is significantly affected by the exchange rate of the dollar to the naira.
| CBN sales rate | ₦1,490 |
| CBN Buy Rate | ₦1,485 |
