What is Dollar (USD) to Naira Black Market Exchange Rate Today ? (AbokiFX)

What is Dollar (USD) to Naira Black Market Exchange Rate Today ? (AbokiFX)

What is the rate dollar to naira today black market/aboki price?

Do you want to know the price of today’s Dollar and Naira Black Market Exchange Rate? blazingOnline will update you our dear readers on the Black Market Exchange rate, including Bank Rate, and AbokiFX Rates. The Black Market rate is usually favorable to those who deal in dollars compared to the bank rates, and those who are in charge are known as (BDC)= Bureau De Change Operators or Aboki.

Before we continue, we you need to understand the meaning of this terms “Buying and Selling of Dollars“, because they will be frequently mentioned as you keep reading. That being said, Buying of Dollar means exchanging of Naira currency to Dollar (USD), while Selling means exchanging your dollars for naira at the black market rate. 

Learn More: How to Transfer Money from Apple Pay to Your Bank Account or Debit Card

Why do people buy or sell dollar?

There are many reasons why people buy dollar, some buy it for educational purposes, while exchanging of the dollar to naira is mostly done by those who are paid in dollars and they want their money in naira currency.

Now that we’ve given you an insight about buying and selling of dollars, let’s answer the question, “What is the Dollar To Naira Black Market Exchange Rate for Today?”. From our sources, according to dealers in Zone 4, Wuse Abuja, which happens to be one of the leading BDC Centers in Nigeria, the Dollar was bought at ₦‎985 and sold at ₦995 today.

This price corresponded with the one at the Lagos Bureau De Change Office. but note that there might be variations in some other states like Uyo, Imo State and Port Harcourt. We have seen a slight increase in the black market today (September 23, 2023), and we will see if this trend continues.

We have seen an increase in the price of dollars over the past few weeks, and today, September 23, 2023, the buying and selling range obtained from NairaToday is between ₦985 and ₦995

Dollar To Naira Black Market Rate Today (Aboki) (September 23, 2023)

Dollar To Naira Black Market Rate Today Aboki rate at BDC.

Buying Rate:   ₦985
Selling Rate: ₦995


Black Market/Aboki Rate Exchange Table Today

The table below outlines the black market prices for some standard denominations of dollars today. Since the selling rate is ₦985, we multiply it by the denomination in dollars for example to convert $5, we multiply it by ₦995.

Denomination in Dollar($)    Black Market Exchange Rate Today in 

Denomination in Dollar($) Black Market Exchange Rate Today in Naira
5 ₦4950
10 ₦9900
20 ₦19,800
50 ₦49,500
100 ₦99,000
150 ₦148,500
200 ₦198,000
300 ₦297,000
350 ₦346,500
400 ₦396,000
500 ₦495,000
800 ₦792,000
1000 ₦990,000

Dollar To Naira CBN Rate Today

As of today, September 23, 2023, the Central Bank of Nigeria sells at ₦756 and buys at ₦757. This price can be obtained from the CBN website here www.cbn.gov.ng/rates/ExchRateByCurrency.asp. Over the past week, there has been a reduction in the CBN rate.

What is CAD To Naira Black Market Rate today?

The Canadian Dollars sold at ₦800 and were bought at ₦775. Canadian dollars is not listed on the official currency page of the Central Bank of Nigeria. This price has been constant for the past few weeks compared to the other currencies.

Naira To Dollar Black Market Rate(September 23, 2023)

Earlier on, we stated that buying dollars is different from Selling. If you want to get dollars, you should take note of the buying rate outlined in the table above. For example, if you get 300 dollars from BDC operators/Aboki, you must have ₦285,000, more significant than the amount in the table above.

Summary: Today September 23, 2023, there has been an increase in the black market rates and a decline in the CBN rate. According to Nairatoday, Black market selling price in Lagos today is ₦995 while the buying price is ₦985.

Information about Naira currency to USD Dollar exchange is for information purpose alone. We’re not affiliated to any organization. We also acknowledge seed.com.ng as a reliable source of this currency exchange article.

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