Dollar to Naira: Black Market Exchange Rate Today – 1st May 2024
The exchange rate for a US Dollar to the Nigerian Naira (Dollar to Naira) at the Parallel Market better known as the Black Market, players buy a dollar for N1,330 and sell at N1,358 on 1st May 2024.
Dollar To Naira Black Market Today
Dollar to Naira Black Market/Aboki Rate Today
| Dollar (USD) to Naira (NGN) | Black Market /Aboki Exchange Rate Today |
| Buying Rate | ₦1,330.00 |
| Selling Rate | ₦1,358.00 |
The black market is a segment of the foreign exchange market where currency trading occurs outside the official channels. The rates here can differ substantially from the official rates provided by the Central Bank of Nigeria (CBN).
How much is a dollar to naira today in the black market?
Here are the black market prices for various denominations.
| Currency | Buying Rate | Selling Rate |
| USD | Naira | Naira |
| 1 US Dollar ($1) to Naira | ₦1,330.00 | ₦1,358.00 |
| 5 US Dollars ($5) to Naira | ₦6,650.00 | ₦6,790.00 |
| 10 US Dollars ($10) to Naira | ₦13,300.00 | ₦13,580.00 |
| 20 US Dollars ($20) to Naira | ₦26,600.00 | ₦27,160.00 |
| 50 US Dollars ($50) to Naira | ₦66,500.00 | ₦67,900.00 |
| 100 US Dollars ($100) to Naira | ₦133,000.00 | ₦135,800.00 |
This means that if you want to buy 1 US dollar in the black market today, you will need to pay 1,330.00 naira, and if you want to sell 1 US dollar, you will receive 1,358.00 naira.
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