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For the Interbank exchange rate, when you want to exchange 1000, the equivalent is NGN310,000.
![dollar to naira exchange rate today black market dollar to naira exchange rate today black market](https://naija360.ng/wp-content/uploads/2021/05/dollars-and-naira.jpg)
0 USD 0.0000 NGN 0 NGN 0 USD 0 USD 0 NGN. Black Market Exchange Rate (Parallel rate): While the Mallams (Hausa) black market exchange rate is 1 to NGN420. According to sources at Bureau De Change (BDC), in the Black Market also known as parallel market, the exchange rate for a dollar to naira for today, Wednesday, November 10 a dollar is bought at 565.00 and sold for 572. All figures are live mid-market rates, which are not available to consumers and are for informational purposes only. Dollar to Naira black market exchange rate for today Wednesday November 10, 2021. AbokiFX Daily dollar rate, Naira to Euro, Naira to Pounds, with live foreign exchange rate calculator on AbokiFX. “This was why the Vice-President called for measures that would increase the supply of foreign exchange in the market rather than simply managing demand, which opens up irresistible opportunities for arbitrage and corruption. Aboki FX Live Daily Naira to Dollar Exchange Rates. Such a massive difference discourages doing proper business when selling the dollar can bring in 40% profit. According to Morningstar, one United States Dollar equals 411.00 Nigerian Naira. “It is stopping this huge arbitrage of over N160 per dollar that the Vice-President was talking about. As of today, the exchange rate dollar to naira black market is different from the bank rate which is N411/. “For context, the Vice-President’s point was that currently, the Naira exchange rate benefits only those who are able to obtain the dollar at N410, some of who simply turn round and sell to the parallel market at N570. BREAKING: Naira Gains Massively At Black Market As Dollar Continues To Fall