Are you wondering how much 300 Dollars to naira is currently worth in the black market and central bank of Nigeria, CBN rate today?
Well look no further as this article has provided you with the solution for how much 300 United States Dollars is worth in Nigeria naira.
Please note that the black market exchange rate is by far different from the official CBN rate which is the approved price for dollar against naira in Nigeria.
How much is 300 dollars to naira Black Market Rate?
As of today, [date-today], The 300 dollars when converted to naira at the black market exchange rate today is worth ₦223,500.
Buying Rate: ₦226,500
Selling Rate: ₦223,500
The Central Bank of Nigeria does not endorse the parallel market, therefore anyone thinking about engaging in Forex or other internet transactions should get in touch with their own bank first.
Convert 300 dollars to naira CBN exchange rate today
The official central bank of Nigeria, CBN approved rate for 300 dollars against naira is currently at [convert number=300 from=”usd” to=”ngn”] as at [date-today].
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The official exchange rate of the Central Bank of Nigeria and other commercial banks in Nigeria does not match the current black market exchange rate of 300 U.S. dollars per naira.
You can buy or sell dollars for naira at the CBN exchange rate on the official website of the Central Bank of Nigeria (www.cbn.gov.ng), while the parallel market or black market exchange rate is available on well-known websites like abokifx.com.
The official exchange rate set by the Central Bank of Nigeria (CBN) is always lower than the black market rate. This is why a sizable number of people (including academics, corporations, and FX traders) choose to use unregulated exchange rates.
All of the aforementioned rates from the black market, the foreign exchange market, and the Central Bank of Nigeria (CBN) represent the most up-to-date information available for exchanging $300 USD into NGN on the current date, [date-today].
The value of the naira changes against other currencies on a daily basis, as was mentioned above.
So, if you want to know how much one US dollar is worth in Nigerian naira right now, you need check this site frequently. Don’t forget to check the exchange rate before making any kind of online purchase.