Unveiling the Black Market Dynamics
The Dollar to Naira exchange rate in the Black Market on January 3, 2024, stands at 1215 Naira per 1 US Dollar, highlighting the disparity with the official rate due to the unregulated nature of the Black Market.
Our Data Prices On JMData:
- MTN SME 1: N255 per 1GB
- MTN SME 2: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: [JMData] https://play.google.com/store/apps/details?id=com.encrypted.jmdata
PAWS IS THE NEXT $DOGS
This Mining is the next after #DOGS, Don't Miss it Out
Use this link below to Join 👇👇👇👇👇
https://t.me/PAWSOG_bot/PAWS?startapp=6ZSAPFb3
Factors Influencing the Exchange Rate
1. Supply and Demand:
The equilibrium between the demand and supply for the Dollar plays a pivotal role in shaping the Black Market rate.
2. Political and Economic Climate:
The political and economic conditions in both the United States and Nigeria contribute significantly to the volatility of the Black Market exchange rate.
3. USD Value:
Fluctuations in the value of the US Dollar impact the Naira Black Market rate, reflecting the global economic scenario.
Trending: Nigerian Navy Portal Application for SSCE Graduates Now Open – Apply Now
Navigating the Black Market Exchange
1. Reputable Dealers:
When engaging in USD to Naira transactions, ensure to transact with reputable Black Market dealers to minimize the risk of scams.
2. Documentation:
Request a written receipt for your exchange transactions, providing a documented trail for your currency dealings.
3. Stay Informed:
Be aware of the current Dollar to Naira Black Market Exchange rate before exchanging currency, staying informed shields you from unfair deals.
4. Caution with Large Amounts:
Exercise caution when dealing with significant amounts of Dollar currency to avoid potential risks associated with large transactions.
Black Market Naira to Dollar Exchange Rate on January 1, 2024
Black Market Rates Snapshot
Buying Rate:
Dollar to Naira: 1215 Naira
Selling Rate:
Pound to Dollar: 1220 Naira
Source: Aboki FX
Stay Cautious, Stay Informed
Navigating the Black Market requires vigilance and knowledge. Stay cautious, transact wisely, and be informed about the dynamic exchange rates to make sound financial decisions.
READ ALSO: Npower Latest News for Today, Wednesday, 3rd January 2024
JOIN NOW
https://t.me/PAWSOG_bot/PAWS?startapp=6ZSAPFb3
Google News Channel
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news
Discover more from Allmedia24 News
Subscribe to get the latest posts sent to your email.
