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 13th July, 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 N1575 and sell at N1580 on Saturday 13th July 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 | N1575 |
| Selling Rate | N1580 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1559 |
| Selling Rate | N1560 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Why Tinubu Should Not Be The Petroleum Resources Minister – Agbakoba
Former President of the Nigerian Bar Association and a Senior Advocate of Nigeria, Olisa Agbakoba, has condemned the practice of the President serving as the Minister of Petroleum Resources.
Naija News reports that Agbakoba, while analysing the issues plaguing Nigeria’s oil sector in an interview with Arise TV, called for a repeal of the Petroleum Industrial Act (PIA).
He stated that President Bola Tinubu should not be the petroleum minister because he lacks the time to oversee the affairs of both offices.
Agbakoba criticised the misconception that commercialisation and privatisation automatically lead to efficiency, citing China and Saudi Arabia, which run state capitalism.
He said, “My point is Mr. President should not be the minister of petroleum resources because he doesn’t have the time. That thing about the President becoming the minister of petroleum resources has to stop.
“If the PIA is such a fantastic bill, why then are we having the problem of fuel scarcity that I first experienced in 1972? Why is it continuing? There was a misconception that commercialisation necessarily means efficiency. It doesn’t. China does not commercialise anything. It runs state capitalism. Saudi Arabia and Aramco, also runs state capitalism. So, I personally retract what I felt initially that commercialisation and privatisation are vehicles of development. They are not, as long as Nigeria is concerned.”
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