Do you want to know Today’s Dollar Naira Black Market Exchange Rate? Currently, SEED will update its readers on the Black Market rate, 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 Bureau De Change[BDC] Operators or Abokis.
Before we proceed, readers must understand the terms Buying and Selling of Dollars because they are frequently mentioned on this page. Buying a Dollar means getting a dollar with naira, while Selling means exchanging your dollars for naira at the black market rate.
Now that we have given you an introduction, let’s answer the question, “What is the Dollar To Naira Black Market Exchange Rate for Today?”. 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 ₦998 and sold at ₦1005 today.
This price corresponded with the one at the Lagos Bureau De Change Office, too but noted that there might be variations in some other states like Uyo and Port Harcourt. We have seen a sight increase in the black market today(October 03, 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, October 03, 2023, both the selling and the buying rats are yet to be updated. According to the rates gotten from NGNRates, the selling range is between ₦990 and ₦1007.
Dollar To Naira Black Market Rate Today(October 03, 2023)
The table below shows the black market rate for those who want to sell and buy dollars with BDC operators or Abokis.
|Dollar To Naira||Black Market Rate Today|
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 ₦1005, we multiply it by the denomination in dollars for example to convert $5, we multiply it by ₦1005.
|Denomination in Dollar($)||Black Market Exchange Rate Today in Naira|
Dollar To Naira CBN Rate Today
As of today, October 03, 2023, the Central Bank of Nigeria sells at ₦767 and buys at ₦766. This price can be obtained from the publication here www.cbn.gov.ng/rates/ExchRateByCurrency.asp.
CAD To Naira Black Market Rate
The Canadian Dollars sold at ₦820 and were bought at ₦800. 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.
Dollar To Naira Black Market Rate(Lagos)
Lagos and Abuja are known to have one of the best black market rates in the country because of its strategic location. The rate in Lagos is ₦1005.
Naira To Dollar Black Market Rate(October 03, 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 ₦299,400, more significant than the amount in the table above.
Conclusion: Today October 03, 2023, the black market rate is still the same alongside the CBN rate which is also yet to change. On Nairatoday, the selling rate is ₦1008 while Abokifx gave the rate as ₦1008 and buying rate as ₦995.
If you have any questions, drop them below in the comment section. Also, let us know the exchange rate in your area.