How Much is Dollar to Naira Today: CBN, Black Market And Bank Rate.
Here in this post, you will get the latest dollar to naira exchange rate which includes cbn rate, bank rate and black market rate. You will need to bookmark this page and keep checking on it to get your latest or current dollar to naira exchange rate.
One thing you should know about the dollar to naira exchange rate on cbn and bank rate is that they are very close or almost the same. Then it depends on the bank to increase their their rate in order to favor their customers.
In 2016, it naira was extremely poor that it was sold for N505 per dollar in the black market and parallel market. This was a huge bad effect to the economy as cost of goods were at high rate, but right now in late 2017, things seems to get bit better. So let’s take a look at the dollar to naira today.
How Much is Dollar to Naira Today
First let’s start from the the dollar to naira today cbn rate.
Dollar to Naira CBN Rate;
BUYING RATE: N306.5
SELLING RATE: N305.5
This is the cbn rate for dollar to naira which is the official rate and applicable to all banks.
Dollar to Naira Bank Rate;
BUYING RATE: N315.5
SELLING RATE: N355
Dollar to naira today – bank rate is almost the same like the cbn rate when buying from them but when selling it almost like the black market rate.
Dollar to naira exchange rate black market;
The black market dollar to naira today exchange rate is undoubtedly the best, and if you have been receiving money to your naira account, you should try and get a domiciliary account. With a domiciliary account you will receive your cash on the foreign currency.
BUYING RATE: N360
SELLING RATE: N363
Looking at the three different ways to exchange your dollar to naira, black market is the best for you to get more value for your dollar. For example you have $300 and used bank exchange rate which goes direct to your savings or current account, it will be $300 × 315 = N94500. Buy if it’s black market it will be $300 × 360 = 108,000 and the difference which is N13500 from the bank rate.
All these dollar to naira exchange rate today fluctuate every seconds or minutes, but any new changes i will update it immediately.
So that’s it for today on How Much is Dollar to Naira Today: CBN, Black Market And Bank Rate.