Today, 7th April, 2024, the Black Market for the Dollar Naira Exchange is still going somehow despite the Nigerian Government’s effort to strengthen the Naira against the DollarYesterday was th April, 2024, and the Dollar to Naira in the Black Market saw a significant decrease as the Naira continued to get value after CBN cleared forex debt.According to the Aboki fx, Dollar to Naira at the Black Market for yesterday was N1240 for the buying rate and N1250 for the selling rateBlack Market Dollar to Naira Rates Today, 7th April, 2024…CONTINUE READING
Black Market Buying Rate Cost: N1230
While Black Market Selling Rate Cost: N1248
The Biggest reason for this Naira to fall against Naira is due to Supply and Demand for the Dollar in the country and the Political Economy in the United States and Nigeria too, and the way Nigerians are valuing the American Dollar in the country..……CONTINUE READING
Before, the Naira currency had its value compared to how Political and Economic crises destroyed the economy of the country leading to dollar rise and inflation in the country.
The Dollar price now has more value than the official rate and the percentage increases to almost 105.4% if you can look at the last 10 months’ dollar rate before the new government collects power from the previous government….Click Here To Continue Reading>>CBN Dollar to Naira Rate Today 7th April, 2024
As of Today, 7th April 2024, the Central Bank of Nigeria (CBN) which is an apex bank has its dollar regulation rate that is controlled by the government body.
When we look at the Central Bank of Nigeria’s official rate, we will understand that the CBN rate is somehow raised according to the CBN Official rate.
The CBN dollar-to-naira rate now is over closer to the black market dollar-to-naira rate of today.
The Central Bank rate is the rate that is regulated by the government official and is the only rate that the government considers as a legal tender.
Yesterday CBN Rate was at the rate of N1259 per US Dollar for buying while N1260 for selling
Today CBN Rate is N1250 per US Dollar for buying while N1251 per US Dollar for selling
Keep checking on us to get more updates on the Dollar to Naira rate and another related rates.
