What is the current exchange rate of naira to dollar in the black market?

3 answers

• MST ESMA KHATUNAug 23, 2020 · 5 years ago
  The current exchange rate of naira to dollar in the black market is approximately 1 USD = 480 NGN. However, please note that the black market rates can fluctuate frequently due to various factors such as supply and demand, economic conditions, and government policies. It is always recommended to check with reliable sources or authorized financial institutions for the most accurate and up-to-date rates.
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• SnapBIMSep 19, 2022 · 3 years ago
  Hey there! So, you're curious about the black market exchange rate of naira to dollar, huh? Well, as of now, it's around 1 USD = 480 NGN. But let me tell you, these rates can change faster than a cheetah chasing its prey! Keep in mind that the black market operates outside the official banking system, so the rates can be influenced by factors like scarcity, inflation, and even political instability. Stay tuned and keep an eye on the news for any major changes!
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• YakeiOct 05, 2024 · a year ago
  The current exchange rate of naira to dollar in the black market is subject to change and can vary depending on the location and prevailing economic conditions. It's always advisable to consult with local currency exchange services or trusted financial institutions for the most accurate and up-to-date rates. Additionally, factors such as inflation, government policies, and market demand can also impact the exchange rate. Stay informed and make sure to consider all relevant factors before engaging in any currency exchange transactions.
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