Dollar to Naira Black Market Exchange Rate Today 2nd May 2024

Dollar to Naira Black Market Exchange Rate Today 2nd May 2024

Do you want to know the latest exchange rate between the Dollar and Naira in the black market? Always visit Nigerianews247.com for up-to-date information on Black Market, CBN, and AbokiFx Rates.

Being aware of these rates is essential in the ever-changing currency exchange landscape, benefiting both individuals and businesses. The Black Market rate typically provides better terms for dollar transactions than the CBN rate, attracting skilled players like Bureau De Change (BDC) Operators or Abokis.

Before we delve into the details, let’s clarify the concepts of Buying and Selling Dollars. When you Buy a Dollar, you are obtaining it using Naira, whereas Selling entails trading your dollars for Naira at the current black market rate. Understanding these principles is crucial for efficiently navigating the currency exchange environment. Now, let’s tackle the pressing inquiry: What is the Dollar to Naira exchange rate at the black market today?

Today in Zone 4, Wuse Abuja, and in Federal Line in Onitsha main market, the popular spots for currency exchange, the Dollar was purchased for ₦1,350 and sold for ₦1,360 based on collected information.

How much is Dollar to Naira today in Black Market (2nd May 2024)?

NOTICE: Please note that the Central Bank of Nigeria (CBN) does not recognize the black market (parallel market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Today

Analyzing the underground market rates for different currency denominations involves multiplying the denomination in dollars by the selling rate of ₦1,350 to ascertain its value in Naira.

1 Dollar to Naira in Black Market

Regarding Dollar conversion, it matters to know how much is 1 Dollar is worth in Naira in the black market. However, 1 Dollar to Naira in black market today is ₦1,350. This is the exchange rate in the black market (parallel market) according to Bureau De Change officials in Onitsha, Abuja, and Lagos.

10 Dollar to Naira in Black Market

Considering the Dollar to Naira black market exchange rate today, how much is 10 Dollars in Naira? 10 Dollar to Naira in black market today is ₦13,500 which is the outcome of multiplying ₦1,350 by 10. This is the exchange rate in the black market (parallel market) according to Bureau De Change official in Onitsha, Abuja, and Lagos.

50 Dollar to Naira in Black Market

Considering the Dollar to Naira black market exchange rate today, how much is 50 Dollars in Naira? 50 Dollar to Naira in black market today is ₦67,500 which is the outcome of multiplying ₦1,350 by 50. This is the exchange rate in the black market (parallel market) according to Bureau De Change official in Onitsha, Abuja, and Lagos.

100 Dollar to Naira in Black Market

Considering the Dollar to Naira black market exchange rate today, how much is 100 Dollars in Naira? 100 Dollar to Naira in black market today is ₦135,000 which is the outcome of multiplying ₦1,350 by 100. This is the exchange rate in the black market (parallel market) according to Bureau De Change official in Onitsha, Abuja, and Lagos.

Stay tuned to Nigerianews247.com for unparalleled insights into Dollar to Naira exchange rates and market trends, empowering you to make informed decisions in your financial endeavors.