The Nigerian black market exchange rate today 9th November 2021
Buying rate =570. Selling rate =575. Dollar to naira rate in Nigeria varies hugely from the rate in CBN. Rate varies for various banks and parallel markets.
The black market which is also known as the aboki market rate for dollars is usually higher than the exchange rates at the banks which is regulated by CBN.
Currently, Nigeria is trading at 573 Naira per dollar which is affecting the Nigerian Economy.
Godwin Emefiele the governor of central bank of Nigeria has said that the Nigerian economy needs a massive turnaround and urged Nigerians to work towards it because as Naira is falling, inflation takes over the economy which usually affects the citizens.