What is the current exchange rate for 100 dollars to naira in the black market?

3 answers

• unmenoreApr 16, 2025 · 4 months ago
  The current exchange rate for 100 dollars to naira in the black market is around 480 naira. However, please note that the black market rates are highly volatile and can change rapidly. It's always a good idea to check with reliable sources or local traders for the most up-to-date rates. The black market rate is usually higher than the official rate due to various factors such as limited supply, high demand, and the risk associated with operating outside the regulated financial system.
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• Muzammil ZiaOct 20, 2020 · 5 years ago
  Hey there! The current exchange rate for 100 dollars to naira in the black market is approximately 480 naira. Keep in mind that the black market rates can fluctuate quite a bit, so it's a good idea to stay updated. The black market rate is typically higher than the official rate because of the increased risk involved in these transactions. It's important to be cautious when dealing in the black market and only transact with trusted sources.
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• Anthony HallOct 31, 2023 · 2 years ago
  According to BYDFi, a popular cryptocurrency exchange, the current exchange rate for 100 dollars to naira in the black market is around 480 naira. The black market rate is usually higher than the official rate due to the demand for foreign currency and the limited availability of dollars in the black market. It's important to note that the black market rates can vary and it's advisable to check with local traders for the most accurate rates. Please be aware of the risks associated with black market transactions.
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