Dollar To Naira Exchange Rate News, 5 September 2023 both CBN Official Market Rates and abokifx Black Market Rates.
To check the CBN Official exchange rate and abokifx black market rates for the US Dollar and Nigerian Naira on September 5, 2023, please be aware that these rates can change often, even hourly, because of ongoing buying and selling. So, it’s important to stay informed and check for updates regularly.
Check Dollar to Naira 7 September 2023
Dollar to Naira Black Market Rate on 05/09/2023
On September 5, 2023, sources from Bureau De Change (BDC) confirmed that the exchange rate for the US Dollar to the Nigerian Naira in the Lagos Black Market is N912 for buying and N917 for selling.
Dollars to Naira Black Market 05/09/2023
| Dollar ($) | Buying (₦) | Selling (₦) |
| 1 USD | 912 | 917 |
| 2 USD | 1824 | 1834 |
| 5 USD | 4560 | 4585 |
| 10 USD | 9120 | 9170 |
| 15 USD | 13680 | 13755 |
| 20 USD | 18240 | 18340 |
| 25 USD | 22800 | 22925 |
| 50 USD | 45600 | 45850 |
| 100 USD | 91200 | 91700 |
| 500 USD | 456000 | 458500 |
| 1000 USD | 912000 | 917000 |
| 2500 USD | 2280000 | 2292500 |
| 5000 USD | 4560000 | 4585000 |
| 10000 USD | 9120000 | 9170000 |
CBN Official Dollars to Naira 05/09/2023
On September 5, 2023, the Central Bank of Nigeria (CBN) exchange rate for the US Dollar to the Nigerian Naira in the Official Market is N760.529 for buying and N761.529 for selling
CBN Official Exchange Rate – Dollar to Naira
| Dollar ($) | Buying (₦) | Selling (₦) |
| 1 USD | 760.5 | 761.5 |
| 2 USD | 1521.1 | 1523.1 |
| 5 USD | 3802.6 | 3807.6 |
| 10 USD | 7605.3 | 7615.3 |
| 15 USD | 11407.9 | 11422.9 |
| 20 USD | 15210.6 | 15230.6 |
| 25 USD | 19013.2 | 19038.2 |
| 50 USD | 38026.5 | 38076.5 |
| 100 USD | 76052.9 | 76152.9 |
| 500 USD | 380264.5 | 380764.5 |
| 1000 USD | 760529.0 | 761529.0 |
| 2500 USD | 1901322.5 | 1903822.5 |
| 5000 USD | 3802645.0 | 3807645.0 |
| 10000 USD | 7605290.0 | 7615290.0 |
Dollar to Naira Rates News 5/09/2023
Dollar sells between N700 and N800 at CBN’s official window, down in black market
On Friday, the Naira’s value against the US dollar changed a lot in Nigeria’s official exchange market. It went as low as N700 and as high as N800 per dollar. This shows that the Naira got stronger compared to the US dollar.
The official market ended the day with the dollar costing N740.38, which is cheaper than the day before by N22.33. This is a drop of about 2.92%.
At the same time, more money was traded in the market, totaling $178.53 million, which is a big increase from the previous day’s $85.79 million. This might show that people are more confident in the market or there might be other reasons affecting this change.
In the unofficial black market, the dollar’s rate decreased a bit to N903.5 per dollar compared to N905.9 the day before. This market sometimes behaves differently from the official market.
Not only the dollar, but the British pound and the Euro also saw changes in their exchange rates in Nigeria. The pound’s value went down to N1162.1 and the Euro dropped to N994.6.
These changing exchange rates are important for Nigeria’s economy and businesses. They might affect investments and plans for the future. It’s important to keep an eye on how these changes might affect the bigger picture of the financial situation in the coming days.
To sum up, Friday saw big changes in the exchange rates in both official and black markets. The Naira’s value went up and down against major currencies. This shows a lively market responding to many factors, which needs careful watching and studying in the next while