What is the Dollar to Naira exchange rate in the black market, also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for 16th July below. You can exchange your dollars for Naira at these rates.
How much is a dollar to naira today in the black market?
Dollar to Naira exchange rate today at the black market (Aboki dollar rate):
In the Lagos Parallel Market (Black Market), Bureau De Change (BDC) operators are buying dollars for ₦1570 and selling at ₦1585 on Tuesday, 16th July 2024, according to sources.
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market). Individuals seeking to engage in Forex transactions are advised 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 | ₦1570 |
| Selling Rate | ₦1585 |
Dollar to Naira (USD to NGN) | CBN Rate Today
| Buying Rate | ₦1565 |
| Selling Rate | ₦1566 |
Please note that the rates at which you buy or sell forex may differ from those captured in this article as prices vary.
Nigeria’s Inflation Rate Hits 34.19% Amid Soaring Food Prices
Recent data from the National Bureau of Statistics (NBS) reveals that Nigeria’s inflation rate has surged to 34.19% as of June 2024.
This development occurs amidst escalating food prices across the country, making basic commodities unaffordable for millions of Nigerians.
The new data shows a 0.24% increase compared to the inflation figure for May 2024.
According to the NBS, headline inflation on a year-on-year basis jumped in June 2024 compared to the same month last year. Additionally, the month-on-month headline inflation rate in June 2024 was 2.31%, 0.17% higher than the rate recorded in May 2024 (2.14%).
