What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for 9th November, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1740 and sell at N1745 on Saturday 9th November 2024, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1740 |
| Selling Rate | N1745 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1664 |
| Selling Rate | N1665 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Nigerian Coalition of Civil Society Organizations (NICOCSO) has urged President Bola Tinubu’s government to investigate a reported move by a ‘powerful group’ allegedly undermining local refineries and advocating for the importation of Premium Motor Spirit (PMS).
According to NICOCSO, the group’s activities could plunge Nigeria into economic turmoil.
The group’s activities are said to be depleting Nigeria’s resources, weakening the Naira, and jeopardizing local businesses.
Naijaonpoint reports that the ongoing dependence on PMS imports limits job creation and obstructs the growth potential of the refining sector.
During a press conference held in Abuja, NICOCSO Executive, Solomon Chinemerem, demanded a thorough investigation into the group’s operations.
He also advocated for a policy that mandates the sale of Nigerian crude oil to local refineries in Naira.