1000 dollars to naira: How much is 1000 dollars in naira today was a question frequently asked by the holders of US dollars, this article will analyse the current rate of 1000 dollars in both CBN official rate and Black Market prices.
Frankly speaking the unstable dollar to naira in the black market exchange rate today in Nigeria as cause spike in all goods and services which resulted in sudden inflation across the country.
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According to Central Bank of Nigeria, the current price for 1000 dollars in naira on [date-today] is [convert number=1000 from=”usd” to=”ngn”].
1000 dollars to naira Black Market exchange rate today
Buying Rate: N765,000
Selling Rate: N770,000
At the Aboki fx also known as black market rate today [date-today] if you are buying 1000 dollars from an Aboki you will be buying at the rate of N765,000 while if you wanted to sell 1000 dollars to naira in the black market you will getting N770,000.
Please be aware that the Central Bank of Nigeria does not acknowledge the black market (parallel market) and urges anyone interested in conducting online transactions in currency or other services to get in touch with their respective banks before doing so.
The black market exchange rate of $1000 to Naira is currently different from the rate offered by the Central Bank of Nigeria and other commercial institutions in the nation.
On the Central Bank of Nigeria’s official website, www.cbn.gov.ng, you can buy or sell dollars for naira at the CBN exchange rate, although you can do the same on well-known websites like abokifx.com at the parallel market or black market exchange rate.
The exchange rate for dollars offered by the Central Bank of Nigeria (CBN) is always less favorable than the rate offered on the black market. For this reason, a lot of firms, investors, and students choose to use the black market exchange rate.
The above currency rate represents the current FX market, CBN, and parallel market rates for 1,000 USD to NGN in the year 2022.
As previously mentioned, the value of the naira in relation to other currencies changes every day. Therefore, we suggest you to keep checking this page frequently in order to be informed about the most recent exchange rate between the US dollar and the Nigerian naira. Additionally, be sure to verify the exchange rate before making any online purchases.