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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 5th April 2024
<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-1000x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Dollar to naira exchange rate today" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-1000x600.jpg 1000w, https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-590x354.jpg 590w, https://www.naijanews.com/wp-content/uploads/2021/10/nigerian-naira-400x240.jpg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p> <h2><strong>What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)</strong>?</h2> <p>See the black market Dollar to Naira exchange rate for 4th April, below. You can swap your dollar for Naira at these rates.</p> <h4><strong>How much is a dollar to naira today in the black market?</strong></h4> <h2>Dollar to naira exchange rate today black market (Aboki dollar rate):</h2> <p>The exchange rate for a dollar to naira at Lagos <strong>Parallel Market (<a href="http://www.naijanews.com/topic/black-market/" target="_blank" rel="noopener">Black Market</a>)</strong> players buy a dollar for N1245 and sell at N1255 on Thursday 4th April 2024, according to sources at <strong><a href="https://www.naijanews.com/topic/bureau-de-change-operators/" target="_blank" rel="noopener">Bureau De Change (BDC)</a>.</strong></p> <p>Please note that the <strong>Central Bank of Nigeria (CBN)</strong> does not recognize the parallel market (black market), as it has directed individuals who want to engage in <a href="https://www.naijanews.com/exchange/" target="_blank" rel="noopener"><strong>Forex</strong></a> to approach their respective banks.</p> <h4>Dollar to Naira Black Market Rate Today</h4> <table> <tbody> <tr> <td><strong>Dollar to Naira (USD to NGN)</strong></td> <td><strong>Black Market Exchange Rate Today</strong></td> </tr> <tr> <td>Buying Rate</td> <td>N1245</td> </tr> <tr> <td>Selling Rate</td> <td>N1255</td> </tr> </tbody> </table> <h2>Dollar to Naira CBN Rate Today</h2> <table> <tbody> <tr> <td><strong>Dollar to Naira (USD to NGN)</strong></td> <td><strong>CBN Rate Today</strong></td> </tr> <tr> <td>Buying Rate</td> <td>N1259</td> </tr> <tr> <td>Selling Rate</td> <td>N1260</td> </tr> </tbody> </table> <h4 dir="auto">Please note that the <strong>rates you buy or sell forex may be different from what is captured in this article because prices vary.</strong></h4> <h2><a href="https://www.naijanews.com/business/" target="_blank" rel="noopener">Naira Appreciates To N1,240/Dollar In Parallel, Official Markets</a></h2> <p>At the close of trading on Wednesday, Nigeria’s currency, the naira appreciated to N1,240 per dollar at the parallel section of the Foreign Exchange (FX) market.</p> <p>Naija News understands that the current FX rate signifies an increase of 0.80 percent from the N1,250/$ reported on April 1.</p> <p>Currency traders, also known as street traders, in Lagos, quoted the buying rate of the local currency at N1,220 and the selling rate at N1,240.</p> <p>At the official window, the local currency appreciated by 1.25 percent against the dollar from N1,278.58 on April 2 to close at N1,262.85 on Wednesday.</p> <p>During trading hours in the official window, a dollar was sold as high as N1,296 and at a low rate of N1,210, according to FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM).</p> <p>The daily foreign exchange market turnover was $166.18 million.</p> <p>With the current figures at both FX markets, the official market rate surpasses the parallel market rate by N22.85.</p> <p>The post <a href="https://www.naijanews.com/2024/04/05/black-market-dollar-usd-to-naira-ngn-exchange-rate-today-5th-april-2024/">Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 5th April 2024</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>