Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 9th September 2022

What is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? How much is the Dollar to Naira exchange rate today, 8th September 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market, or parallel market rate.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Thursday, September 8th, 2022, for 1 dollar to naira = ₦433.75/$1.

According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦433.75/$1 on Thursday 8th September and closed at ₦436.32 to $1.

US Dollar to Naira Black Market Rate Today, 8th September 2022.

Dollar to Naira (USD to NGN)
Black Market Exchange Rate Today

Buying Rate
690

Selling Rate
705

Naija News reports that the US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and the demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).

Factors that could Influence Foreign Exchange Rates in Nigeria

Conditions of Trade
Speculators
Government Debt
Interest Rates
Inflation Rates

Bureau De Change operators have cited a lack of FX and a surge in demand for the recent uncontrolled uptrend recorded in the market. In the same vein, some bank users who have FX in their domiciliary account told Nairametrics that they have not been able to withdraw their funds from the bank due to tightened liquidity.

FG Plans To Increase Gas Exportation As Brent Crude Oil Price Drops By 5.01 Percent

The Federal Government is optimistic about exporting more Liquefied Natural Gas to Europe starting this year, Minister of State for Petroleum Resources, Chief Timipre Sylva revealed.

Naija News reports that the minister, while speaking at the Gastech conference in Milan on Wednesday, September 7, said the ongoing war between Ukraine and Russia is negatively impacting the deliveries of more gas at the moment.

Sylvia, however, noted that alternatives are been considered to meet the huge desire by Europe for solutions to dwindling supplies of Russian gas.

Earlier on Wednesday, oil price figures made public indicated that the cost of Brent, the global benchmark for crude, dropped by 5.01 per cent or $4.65 to close at $88.18/barrel as of 8.23 pm Nigerian time.

Speaking on the highlight of the new development, Sylvia stated that Nigeria would build a pipeline for Nigerian gas through Algeria to Europe.