JUST IN: Dollar to Naira Black Market Rate Today 7th September 2023 – Abokifx BDC Rate

Dollar to Naira Black Market Rate Today 6th September 2023 – Abokifx BDC Rate can be accessed below.

GoldenNewsNg has obtained the official naira to dollar rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. As of now, Dollar to Naira is ₦920 and sell it at ₦925, however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours…..CONTINUE READING

LETS GIVE YOU A PROPER BREAKDOWN OF DOLLAR TO NAIRA BLACK MARKET RATE TODAY

On September 7,  2023, sources from Bureau De Change (BDC) confirmed that the exchange rate for the US Dollar to the Nigerian Naira in the Lagos Black Market is N920 for buying and N925 for selling.

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Dollars to Naira Today Black Market 07/09/2023

Dollar ($) Buying (₦) Selling (₦)
1 USD 920 925
2 USD 1830 1850
5 USD 4575 4625
10 USD 9150 9250
15 USD 13725 13875
20 USD 18300 18500
25 USD 22875 23125
50 USD 45750 46250
100 USD 91500 92500
500 USD 457500 462500
1000 USD 915000 925000
2500 USD 2287500 2312500
5000 USD 4575000 4625000
10000 USD 9150000 9250000

CBN Official Dollars to Naira Today 07/09/2023

On September 6, 2023, the Central Bank of Nigeria (CBN) exchange rate for the US Dollar to the Nigerian Naira in the Official Market is N753.862 for buying and N754.862 for selling

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Dollar ($) Buying (₦) Selling (₦)
1 USD 753.862 754.862
2 USD 1507.724 1509.724
5 USD 3769.31 3774.31
10 USD 7538.62 7548.62
15 USD 11307.93 11322.93
20 USD 15077.24 15097.24
25 USD 18846.55 18871.55
50 USD 37693.1 37743.1
100 USD 75386.2 75486.2
500 USD 376931 377431
1000 USD 753862 754862
2500 USD 1884655 1887155
5000 USD 3769310 3774310
10000 USD 7538620 7548620

CBN governor, Sanusi says naira could hit N1,500 per dollar

Muhammadu Sanusi II, the former Emir of Kano and former governor of the Central Bank of Nigeria, has expressed his concern that if the Central Bank of Nigeria decides to print more naira to address the country’s issues, the value of the naira could potentially drop to N1,500 per dollar.

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In a video message addressed to Nigerians, Sanusi raised alarm over the misuse of the financial system by certain leaders. This suggests that he believes increasing the supply of naira without proper economic backing could lead to a significant devaluation of the currency, making it less valuable compared to the US dollar.

It’s important to note that currency devaluation can have various economic consequences, including increased inflation and reduced purchasing power for citizens. Sanusi’s warning highlights the need for responsible economic management to maintain the stability of a country’s currency…..CONTINUE READING