Dollar to Naira: Black Market Exchange Rate Today – June 11, 2024
The exchange rate for a US Dollar to the Nigerian Naira (Dollar to Naira) at the Parallel Market also known as the Black Market, players buy a dollar for ₦1,480 and sell at ₦1,485 on June 11, 2024.
Dollar To Naira Black Market Today
| Dollar (USD) to Naira (NGN) | Black Market /Aboki Exchange Rate Today |
| Buying Rate | ₦1,480.00 |
| Selling Rate | ₦1,485.00 |
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?
Aboki Black Market Rate Exchange Table Today
Here are the black market prices for various denominations.
| Currency | Buying Rate | Selling Rate |
| USD | Naira | Naira |
| 1 US Dollar ($1) to Naira | ₦1,480.00 | ₦1,485.00 |
| 5 US Dollars ($5) to Naira | ₦7,400.00 | ₦7,425.00 |
| 10 US Dollars ($10) to Naira | ₦14,800.00 | ₦14,850.00 |
| 20 US Dollars ($20) to Naira | ₦29,600.00 | ₦29,700.00 |
| 50 US Dollars ($50) to Naira | ₦74,000.00 | ₦74,250.00 |
| 100 US Dollars ($100) to Naira | ₦148,000.00 | ₦148,500.00 |
This means that if you want to buy 1 US dollar in the black market today, you will need to pay 1,480.00 Naira, and if you want to sell 1 US dollar, you will receive 1,485.00 Naira.
Tips for Exchanging Dollars for Naira on the Black Market
- Only exchange Dollars (USD) with reputable Beaure De Change.
- You can ask for a written receipt for the exchange.
- Know the current Dollars to Naira Black Market Exchange rate before you exchange your currency.
- Don’t exchange large amounts of Dollars at once.
Pound to Naira rate
| Currency | Buying Rate | Selling Rate |
| Pound | ||
| 1 Pound to Naira | ₦1,860.00 | ₦1,890.00 |
Euro to Naira rate
| Currency | Buying Rate | Selling Rate |
| Euro | ||
| 1 Euro to Naira | ₦1,550.00 | ₦1,580.00 |
Canadian Dollar to Naira rate
| Currency | Buying Rate | Selling Rate |
| CAD | ||
| 1 CAD to Naira | ₦1,100.00 | ₦1,200.00 |
Chinese Yuan to Naira
| Currency | Buying Rate | Selling Rate |
| CNY | ||
| 1 CNY to Naira | ₦125.00 | ₦150.00 |
Australian Dollar (Aussie) to Naira Rate
| Currency | Buying Rate | Selling Rate |
| Aussie | ||
| 1 Aussie to Naira | ₦720.00 | ₦825.00 |
Managing Editor,
Lagos Post Online.
Damilare is a disciplined tech enthusiast and media entrepreneur with interest and unparalleled passion for model Web and app design technology. He is a firm believer in the meaningful role research and innovation can play in addressing economic issues across industries and sectors. He’s passionate about online Journalism. Damilare is also a Photographer.
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