100 Dollars (USD) to Naira (NGN) in Black Market Today (14th April 2024)

The US Dollar (USD) remains a highly sought-after foreign currency in Nigeria, with a significant demand from individuals, businesses, and traders.

However, the exchange rate between the USD and the Nigerian Nqwaira (NGN) in the parallel market, also known as the black market, has been subject to volatility due to various economic and political factors.

In this article, we will focus on the current Aboki FX black market rates for exchanging 100 US Dollars to Nigerian Naira, the factors affecting these rates, and some frequently asked questions about the parallel forex market.

Current Black Market Rates for 100 USD to NGN (as of April 14, 2024)

According to reliable sources within the Aboki FX market, the current rates for exchanging 100 US Dollars to Nigerian Naira on the parallel market are as follows:

Location Buying Rate (₦) Selling Rate (₦)
Lagos ₦110,600 ₦123,000
Abuja ₦110,600 ₦123,000
Port Harcourt ₦110,600 ₦123,000
Kano ₦110,600 ₦123,000

Please note that these rates may vary slightly depending on the specific Aboki FX trader you deal with.

Dollar to Naira Black Market Exchange Rate Table for Different Denominations:

Here’s a breakdown of the exchange rate for various denominations of Dollars to Nigerian Naira in the black market:

Amount in Dollar ($) Buying Rate (₦) Selling Rate (₦)
1 US Dollar ($1) to Naira ₦1,106.00 ₦1,150.00
5 US Dollars ($5) to Naira ₦5,530.00 ₦5,750.00
10 US Dollars ($10) to Naira ₦11,060.00 ₦11,500.00
20 US Dollars ($20) to Naira ₦22,120.00 ₦23,000.00
50 US Dollars ($50) to Naira ₦55,300.00 ₦57,500.00
100 US Dollars ($100) to Naira ₦110,600.00 ₦115,000.00
200 US Dollars ($200) to Naira ₦221,200.00 ₦230,000.00
300 US Dollars ($300) to Naira ₦331,800.00 ₦345,000.00
400 US Dollars ($400) to Naira ₦442,400.00 ₦460,000.00
500 US Dollars ($500) to Naira ₦553,000.00 ₦575,000.00
600 US Dollars ($600) to Naira ₦663,600.00 ₦690,000.00
800 US Dollars ($800) to Naira ₦884,800.00 ₦920,000.00
1000 US Dollars ($1000) to Naira ₦1,106,000.00 ₦1,150,000.00
5000 US Dollars ($5000) to Naira ₦5,530,000.00 ₦5,750,000.00
10000 US Dollars ($10000) to Naira ₦11,060,000.00 ₦11,500,000.00

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