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Currency - Page 56

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th September 2025

What is the dollar-to-naira exchange rate on the black market, like the Aboki Fx? The exchange rate for the US dollar (USD) to Nigerian naira (NGN) in the parallel market, also known as the black market, as of 16th September 2025, is

September 10, 2025

Naira Appreciates At Official Market As Dollar Supply Rises On Friday

Business·Currency

Naira Falls To Dollar Across Official, Black Markets

The cost of the dollar increased by N57.7 kobo in the Investors’ and Exporters’ (I&E) window and N7 in the Bureau De Change channel on Friday. Prime Business Africa learnt that the increase raised the naira to dollar rate to N803.90 kobo/$1 in

July 17, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

The naira to dollar rate in the investors’ and exporters’ window closed at N746.2/$1 on Thursday, as the value of the United States currency dropped by 4.63 per cent. Prime Business Africa learnt that authorised dealers were willing to drop the price

July 14, 2023

Business·Currency

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

FMDQ Exchange, the official market aggregator, reported the naira to dollar exchange rate closed at N782.49/$1 on Wednesday. The United States Dollar was sold at a lower rate compared to the N788.42/$1 rate the American greenback cost on Tuesday. While this indicates

July 13, 2023

Breaking: CBN Raises Interest Rate To 18.75%

Business·Currency

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

The President of the Association of Bureau De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said banks are now formalising the black market. Gwadabe stated that while banks are formalising parallel market operations, the Bureau De Change remain excluded from the Investors’

July 12, 2023

Naira Ends Week With Marginal Gain Against Dollar

Business·Currency

Forex Transactions Fall, As Dollar, Euro And Pound Cost Buyers More

Investors and exporters traded $68.10 million in foreign exchange on Tuesday, dropping the value of transactions by 30.28 per cent. This represents a shortfall of $29.59 million, as foreign exchange traders recorded a $68.10 million forex transaction in the official market, against

July 12, 2023

CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

Business·Currency

Dollar Rate Drops In Official Channel, USD, Pound, Euro Rates Increase in Black Market

The authorised dealers sold the dollar at a reduced rate on Monday, 10 July, as buyers parted with N744.07/$1 at the end of trading in the official market. In a report released by the FMDQ Exchange, it was learnt that the cost

July 11, 2023

Business·Currency

Capital Importation To Nigeria Hits $1.13bn In Q1, UK Leads Origin Of Investments

Nigeria’s total capital importation was $1.13 billion in the first quarter (Q1) of 2023, with the United Kingdom, United Arab Emirates, United States, South Africa and Singapore leading investments into the country. This is 6.78 per cent higher than the $1.06 billion

July 10, 2023

Naira Opens Week With Gain Across FX Markets

Business·Currency

Official Dollar Rate Surpasses Black Market Price, One Pound Hits N1002

In the official market on Friday, the dollar rate was increased by N14.27 kobo by the authorised dealers, while the naira depreciated by 1.87 per cent. This led to their clients buying the United States Dollar (USD) at the rate of N776.90/$1,

July 10, 2023

Business·Currency

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

In the investors’ and exporters’ window of the official market, the United States Dollar (USD) was sold at N762.63/$1 on Thursday, 6 July. The FMDQ Exchange, the official foreign exchange rate aggregator, reported that the rate surpassed the N742.31/$1 rate dollar that

July 7, 2023

Business·Currency

Dollar Rate Down N26 In Official Market, Black Market Price Rises

The cost of the United States Dollar (USD) in the official market was reduced by N26.13 kobo on Wednesday, June 5, FMDQ Exchange reports. As stated by the official market foreign exchange aggregator, the decrease pushed the dollar rate to N742.31/$1, against

July 6, 2023

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Currency - Page 56

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 16th September 2025

Naira Falls To Dollar Across Official, Black Markets

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

Official Dollar Rate Surpasses N800, USD, Pound, Euro Prices Rise In Black Market

Banks Are Formalising Black Market Operations, BDC Chief Says, Laments Exclusion

Forex Transactions Fall, As Dollar, Euro And Pound Cost Buyers More

Dollar Rate Drops In Official Channel, USD, Pound, Euro Rates Increase in Black Market

Capital Importation To Nigeria Hits $1.13bn In Q1, UK Leads Origin Of Investments

Official Dollar Rate Surpasses Black Market Price, One Pound Hits N1002

Official Market Dollar Sold At N762/$1, Euro, Pound Fluctuate In Black Market

Dollar Rate Down N26 In Official Market, Black Market Price Rises

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Currency - Page 56

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