Are you eager to discover the current Dollar to Naira black market rate? Look no further than Kwamkwam news, your go-to source for the latest updates on the Black Market, CBN, and AbokiFx Rates.
In the dynamic world of currency exchange, understanding these rates can be crucial for individuals and businesses alike.
The Black Market rate often offers more favorable terms for those dealing in dollars compared to the CBN rate, and the savvy players in this market are known as Bureau De Change (BDC) Operators or Abokis.
But before we dive into the specifics, let’s demystify the terms “Buying” and “Selling” of Dollars.
Buying a Dollar means acquiring it with Naira, while Selling involves exchanging your dollars for Naira at the prevailing black market rate. It’s essential to grasp these concepts to navigate the currency exchange landscape effectively.
Now, let’s address the burning question, “What is the Dollar To Naira Black Market Exchange Rate for Today?“
According to insights gathered from Zone 4, Wuse Abuja, a bustling hub for currency exchange, the Dollar was bought at ₦1,106.00 and sold at ₦1,150.00 today
How Much Is Dollar To Naira Black Market Rate Today (April 15, 2024)?
| Dollar To Naira | Black Market Rate Today |
|---|---|
| Buying Rate | ₦1,106.00 |
| Selling Rate | ₦1,150.00 |
Black Market/Aboki Rate Exchange Table Today
Let’s break down the black market prices for various denominations. Since the selling rate stands at ₦1,106.00, we multiply it by the denomination in dollars to determine the equivalent value in Naira.
| 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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