Are you looking for how much is 1000 US dollars in Naira? Well, we all know that when it comes to online businesses, dollars is majorly the currency used for transactions! So, it is imperative for you to know how much USD is worth in Naira!
In this post, I will be taking you through how much is 1000 dollars in Naira today! How much is 1000 USD worth in Nigeria when it comes to commercial banks exchange, black market exchange rate and Abokifx! So, stay with me while I explain this to you!
So, how much is $1000 in Naira at black market? Let’s get down to business!
How Much is 1000 USD in Naira in Black Market
Firstly, I should let you know that the exchange rate between US dollars and Naira is not constant! It keeps changing from time to time! It goes along with the economy level of each country!
As of today, 1000 Dollars is N685,000 in black market!
The value of the Naira has diminished a lot due to the economic situation of Nigeria. This simply shows that $1 is equal to N685 in black market exchange rate!
The black market buying rate of 1000 US dollars is N650,000 and the black market selling rate is N685,000.
Please note that the Central Bank of Nigeria, CBN doesn’t in any way recognize the black Market! So, this is at your own risk!
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1000 Dollars in Naira CBN Exchange Rate
As of today, the CBN buying rate of $1000 is N450,000 and the CBN selling rate is 438,000.
This CBN rate is what most commercial banks go with but not all!
The CBN exchange rate is the rate at which the Central Bank of Nigeria buys and sells dollars! The CBN rate is different from the black market and Abokifx rate! CBN rate is always lower than the black market rate and that is why most people dealing with Naira do prefer black market rate.
How Much is 1000 Dollars in Naira Today Conclusion
Note that the Naira to dollar rate keeps fluctuating as the economy of the country is not stagnant. So, you could bookmark this page and keep on checking from time to time. Before doing any online transaction, make sure to check the dollars to Naira exchange rate.
And that is it on 1000 USD (US Dollars) to NGN (Naira).
1000 dollars to naira, 1000 dollars to naira.
His Name is Tiamiyu Abdulbazeet Olawale. He is a student at the University of Ilorin studying Electrical and Electronics Engineering. He likes to give the latest updates about Nigeria and international institutions as he aims at helping people to lay their hands on the right information.