Dollar(USD) to Naira Black Market Exchange Rate Today(AbokiFx)-February 26, 2024

Do you want to know Dollar to Naira black market rate today? Currently, SEED will update its readers on the Black Market, CBN, and AbokiFx Rates. The Black Market rate is usually favorable to those who deal in dollars compared to the CBN rate, 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 ₦1525 and sold at ₦1530 today.

How Much Is Dollar To Naira Black Market Rate Today(February 26, 2024)?

The table below shows the black market rate for those who want to sell and buy dollars with BDC operators or Abokis.

Dollar To NairaBlack Market Rate Today
Buying Rate₦1585
Selling Rate₦1600

Black Market/Aboki Rate Exchange Table Today

The table below outlines the black market prices for common denominations. Since the selling rate is ₦1600, we multiply it by the denomination in dollars. For example to convert $5, we multiply it by ₦1600

Denomination in Dollar($)Black Market Exchange Rate Today in Naira
5₦8,000
10₦16,000
20₦32,000
50₦80,000
100₦160,000
150₦240,000
200₦320,000
300₦480,000
350₦560,000
400₦640,000
500₦800,000
800₦1,280,000
1000₦1,600,000

Dollar To Naira CBN Rate Today

As of today, February 26, 2024, the Central Bank of Nigeria sells at ₦1506 and buys at ₦1505. This price can be obtained from the publication here www.cbn.gov.ng/rates/ExchRateByCurrency.asp.

CBN Selling Rate₦1506
CBN Buying Rate₦1505

CAD To Naira Black Market Rate

The Canadian Dollars selling rate is ₦1210 while the buying rate is ₦1160. Canadian dollars are 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.

EURO To Naira Black Market Rate
Pounds To Naira Black Market Rate
CAD To Naira Black Market Rate Today

How Much Is A 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 ₦1600. There are different exchangers in Lagos and this price might differ with the one called for you.

How Much Is 100$ In The Black Market Today?

100$ is equivalent to ₦160,000.

How Much Is 1000$ In The Black Market Today?

1000$ is equivalent to ₦1,600,000.

How Much Is 5000$ In The Black Market Today?

5000$ is equivalent to ₦8,000,000.

Facts About Dollars

The United States Dollars symbolized by $ is the number one currency in the world. It is used by the United States of America and other countries. The denominations available are $1,$5,$10,$20,$50, and $100. The countries that make use of dollars as their official currency include:

  • United States of America
  • Ecuador
  • Australia
  • El Salvador
  • Canada
  • Zimbabwe
  • Panama
  • British Virgin Islands
  • Mexico
  • Puerto Rico
  • Palau
  • Jamaica
  • Marshall Islands
  • Fiji
  • Guam
  • Aruba
  • Guyana
  • U.S Virgin Islands

Conclusion: Today February 26, 2024, there is an increase in the CBN rate while the black market rate reduced.

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