Dollar (USD) to naira black market exchange rate today 2021 Abokifx


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Dollar to Naira Black Market Exchange Rate today. You can now check dollar to naira black market here.

The dollar to naira black market rate, Lagos, Nigeria is 570₦ Buy and if you want to sell a dollar, the current rate is 560₦ sell .

What this means is that if you have 1 dollar that you want to exchange to naira in the black market (sell) , the amount is 560₦

SellBuy
570560

On the other hand, if you want to buy dollar, the exchange rate is 570₦ Dollar , Today

Right now Dollars are traded in Lagos and Abuja at N570

DateSellBuy
September 17, 2021570560
September 16, 2021565557
September 15, 2021562552
September 14, 2021557550
September 13, 2021550543
Compare current dollar to naira rate with previous rate

Dollar to naira exchange rate for September 16, 2021

Let’s look at the previous Dollar rate for yesterday. As at yesterday being September 16, 2021 and Dollar to Naira traded and closed at N557

While local operators in Abuja bought dollar at N557, it was sold for N565

Dollar to naira exchange rate for September 15, 2021

Let’s look at the previous Dollar rate for two days back being September 15, 2021 and Dollar to Naira traded and closed at N552While local change operators in Lagos bought dollar at N552, it was sold for N562

Dollar to naira exchange rate for September 14, 2021

Let’s look at the previous Dollar rate for two days back being September 14, 2021 and Dollar to Naira traded and closed at N550

While local operators in Abuja bought dollar at N550, it was sold for N557

We have just given you today’s dollar to naira exchange rate found in the streets. What we mean by street is the rate you can get it from the Aboki or mallam / local BDC exchanger around you.

USD to Naira ( Black Market ) rate

Updated on 17, 2021
USD to NGN
Sell : ₦570:00   +0.88%
Buy : ₦560:00   +0.88%
Reverse rate | NGN to USD 1NGN = 0.0018 USD
Previous day comparison
Change ₦5:00
%Change +0.88%
Last 30 days High/Low
Highest ₦570:00 on 17, 2021
Lowest ₦505:00 on 06, 2021
Enter the value here
Black Market (sell)
0
Black Market (buy)
0

Convert USD to Naira at Black Market rate
USD to Naira Naira
1 USD ₦570:00
5 USD ₦2,850:00
10 USD ₦5,700:00
20 USD ₦11,400:00
50 USD ₦28,500:00
100 USD ₦57,000:00
200 USD ₦114,000:00
500 USD ₦285,000:00
1000 USD ₦570,000:00
2000 USD ₦1,140,000:00
5000 USD ₦2,850,000:00

See:
pounds to Naira Black Market Rate today

USD is being traded at ₦570 in Black Market(Lagos) today, Friday, September 17, 2021. USD has been traded at ₦550 when Black Market opened this week on Monday, September 13, 2021. This makes it 0.20% rise for USD against Naira this week.

When we look at this month, USD was traded at at the beginning of this September on Wednesday, September 1, 2021. As at today with USD being traded at ₦570 we see a % for USD to Naira exchange rate for this month.

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Key Factors that Affect Foreign Exchange Rates

Here are factors we have identified that make naira or exchange rate to fluctuate.

INFLATION RATES: inflation is known to have a direct impact on blackmarket exchange rate. If the Nigerian economy can be stable and inflation put under control, it will impact positively on the Naira but on the other hand if the Naira continues to nose dive down it could tell that the prices of food and other basic necessities are getting higher on daily basis.

INTEREST RATES: interest rates is another instrument to watch. If the rate at which bank lends money out goes up then it will reflect negatively on the economy, making the economy to contract and hence naira will suffer a fall in value.

GOVERNMENT DEBT: National debt can influence investors confidence and subsequently inflow of dollars into the economy. If inflows are high naira exchange rate will appreciate favourably to the Naira.

SPECULATION: most times naira to dollar exchange rate are influenced because of speculators. They hoard money in anticipating gain and this makes naira to fall further.

TERMS OF TRADE: favourable terms of trade will lead to increase in the value of Naira to dollar but unfortunately Nigeria is experiencing an imbalance terms is trade. We import everything from China, India and most of Asians countries.

RECESSION: recession is a stress on the economy. This scares investors and direct investment away from the economy. Nigeria experienced recession in 2016 and a third recession in 2020 due to fall in oil price and Covid-19 impact on world economy.

26 thoughts on “Dollar (USD) to naira black market exchange rate today 2021 Abokifx

  1. You’re wonderful by sending vital information. Pls l want to subscribe to daily news about the activities of exchange rate.

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  3. i have us dollar of 150000$ to trade any body interested should mail me @ pulokoo2@gmail.com , i sell it very low price , u can buy in bulk or pieces
    thanks

  4. I need a trusted source for daily dollar supply, whether it is a site or individual so far, transactions are done on escrow, please message me on whatsapp…

  5. Great Post! Can you share with me your converter widgets? Would like to imbed it in my new site. Thanks.

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