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Today Dollar to Naira Black Market Exchange Rate – Feb 21, 2024

Today Dollar to Naira Black Market Exchange Rate – Feb 21, 2024

Interested in finding out the latest Dollar to Naira exchange rate in the black market? Check out GoldenNewsNg.com for up-to-date information on Black Market, CBN, and AbokiFx Rates.

To understand the currency exchange market, especially the dynamics between the Dollar and Naira, it’s crucial to comprehend the rates offered across different platforms.

The Black Market rate, typically more favorable for dollar transactions than the Central Bank of Nigeria (CBN) rate, is a significant aspect for individuals and businesses engaged in currency exchange. The key players in this market are the Bureau De Change (BDC) Operators, often referred to as Abokis, who facilitate these transactions.

Before delving deeper, it’s important to clarify the terms “Buying” and “Selling” in the context of currency exchange. “Buying” a Dollar refers to purchasing it using Naira, whereas “Selling” means converting your Dollars back to Naira at the current black market rate. Understanding these basic concepts is essential for effectively navigating the exchange landscape.

Based on the latest information from Zone 4, Wuse Abuja, a key location for currency trading, the Dollar to Naira exchange rate in the black market today is as follows: the Dollar was purchased at ₦1,800.00 and sold for ₦1,825.00.

How Much Is Dollar To Naira Black Market Rate Today (February 21, 2024)?

Dollar To NairaBlack Market Rate Today
Buying Rate₦1,800
Selling Rate₦1,825.00

Black Market/Aboki Rate Exchange Table Today

Denomination in Dollar ($)Black Market Exchange Rate Today in Naira (₦)
59,000
1018,000
2036,000
5090,000
100180,000
150270,000
200360,000
300540,000
350630,000
400720,000
500900,000
8001,440,000
10001,800,000

 

As of today, February 21, 2024, the Central Bank of Nigeria sells at ₦1537.57

CBN Selling Rate1537.57
CBN Buying Rate1537.57

How Much Is A Dollar To Naira Black Market Rate (Lagos)?

In Lagos, known for its vibrant economy and bustling markets, the black market rate mirrors that of Abuja, standing at ₦1,800 However, it’s worth noting that variations may occur among different exchangers in Lagos.

Dollar Conversion:

  • 100$ is equivalent to ₦180,000.
  • 1000$ is equivalent to ₦1,800,000.
  • 5000$ is equivalent to ₦9,000,000.

Make sure to stay updated with GoldenNewsNg.com for comprehensive coverage of currency exchange rates and market trends. Our platform provides unparalleled insights, enabling you to make well-informed decisions in your financial pursuits.

 

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