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Abokifx 2020 Current Black Market Exchange Rate in Nigeria

Filed in Articles, Exchange Rate by on March 10, 2020

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Abokifx 2020 Current Black Market Exchange Rate in Nigeria.

Abokifx 2020: Abokifx.com is a remarkable online platform for daily update of Nigerians black market (parallel marker) currencies conversion rate ranging from dollars, pounds sterling, euros and other foreign currencies. Go through this article and learn how to use this remarkable online accessory.

Abokifx 2020 Current Black Market Exchange Rate in Nigeria

AbokiFX which is the most referenced platform to get live exchange rates provides you with daily naira FX rates against the USD (dollars), (GBP) pound sterling, (EUR) Euro and other currencies like (GHS) Ghana Cedis, XAF and XOF Benin and Cameroon Francs. It also provides daily bank ATM rates, Market FX news, Aboki street news, CBN Rates, Lagos BDC rates, Moneygram and Western Union rates.

Aboki fx Dollar to Naira Exchange Rate

  • Buy = 358 / Sell = 360

Aboki forex Pounds to Naira Exchange Rate

  • Buy = 468 / Sell = 472

Abokifx.com Euro to Naira Exchange Rate

  • Buy = 390 / Sell = 398

Abokifx Website Ghana Cedis To Naira Rate

  • Buy = 60 / Sell = 68

Abokifx Today CFA To Naira Rate

  • Buy = 545 / Sell = 555

They also give you a different bank and ATM rate for a number of countries currency FX rate, bank ATM rate, high and low ranking and more.

You have to know that checking the major currencies, is not all you can do on Abokifx website, you can also check a lot of different countries currencies, plus the availability of parallel market rate calculator for those that do not want to go through the stress of getting a calculator.

Interesting Facts About Naira

The Nigerian Currency the Naira. Hmmm!!! Fascinating actually, the Naira has lots of interesting facts, I believe we should all know about. Let’s actually take a look at the history of the Naira.

Nigeria gained independence in the year 1960, the Naira was introduced in the year 1973, this was when Nigeria decimalised its monetary system and substituted the naira for the Nigeria pound, this was actually what the country used when it was a British colony, this currency was actually divided into shillings.

The coin denominations range from ½ kobo to 1 naira bank notes which are denominated from 5 to 500 naira values. Naira would be equivalent to ten shillings, the minor unit is kobo, 100 kobo which actually makes one Naira.

In January 1973, the Federal Government introduced the N20 as the highest denomination at that period of time, on the 2nd of July 1979, new currency notes of three denominations were introduced which were namely N1, N5, N10. These notes that were introduced were of the same size which was 151 × 78mm.

In the year 1999, 2000, 2001 the N100, N200, and N500 were introduced, these were to expand economic activities and also facilitate an efficient payment system. On October 12, 2005, N1000 notes was brought into circulation. The CBN indicated plans to print denominations such as N5, N10, N50 notes on a polymer and this has been currently implemented.

Now below are the top 10 interesting facts about the Naira, above was just a little history, so read on below.

  1. The Naira was introduced in 1973 to replace the British pound as the official currency of the Naira and they were mostly coins.
  2. The first coins that were introduced were the ½, 1, 5, 10 and 25 kobo coins.
  3. The CBN is the only organization authorized to print and manufacture the naira note.
  4. Most of the bank notes in Nigeria contains images of the previous political leaders which are important in Nigeria’s history. We have people like the Sir Abubakar Tafewa Balewa, Nigeria’s first prime minister. He is pictured on the N5 naira note while Nnamdi Azikiwe is on the N500 naira note.
  5. President Goodluck Jonathan Unveiled  New N100 naira note on the 12th of November, 2014 to commemorate Nigerian’s 100 years of existence.
  6. In the year 1968, currency notes were changed as a war strategy.
  7. The Nigeria currency has been re-issued 5 times (1959, 1965, 1968, 1973, 2007)
  8. Nigeria was formerly using the West African Currency Board notes as legal tender.
  9. The first notes that were introduced were the 50 Kobo, 1 Naira, 5 Naira, 10 Naira, and 20 Naira.
  10. N50 notes were not introduced until 1991.

How to Download Aboki FX APP

Aboki Forex provides daily updated currency exchange rates of the Nigerian Naira. Aboki Forex shows currency conversion rates for US Dollars (USD), British Pounds (GBP) and Euro (EUR).

The latest version now includes a currency conversion calculator, easy to use, smooth and fast Aboki Forex provides breaking Market Forex news, so you know what’s happening and predict the future. It requires internet connection to connect to the server to read currency rates for the last trading day.

IT provides Lagos Black Market rates, Central Bank of Nigeria (CBN) rates and Western Union rates for sending money abroad. The iOS version is at: https://appsto. re/ng/muUmeb.

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CSN Team.

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