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 19th October, 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 N1700 and sell at N1710 on Saturday 19th October 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 | N1700 |
| Selling Rate | N1710 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1651 |
| Selling Rate | N1652 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Dangote’s Wealth Doubles To $27.8bn, Becomes Only African In World’s Top 100 Richest Persons’ List
President of Dangote Industries Limited (DIL), Aliko Dangote, has seen his fortune rise significantly to $27.8 billion, driven by the success of his multi-billion-dollar oil refinery.
This remarkable increase, as reported by the Bloomberg Billionaires Index, reflects a $15.1 billion boost to his net worth by October 18.
This surge in wealth has catapulted Dangote to the 65th position on the global rich list, making him the only African in the top 100.
He now ranks more than 100 spots above Johann Rupert, the South African billionaire, who sits at 174th on the index.
Dangote’s rapid climb is notable, as he was ranked 111th as recently as June 30, 2023. The impressive growth follows the inauguration of his refinery in May 2023.
Located in the Ibeju-Lekki free zone in Lagos, the refinery covers 2,635 hectares and has a production capacity of 650,000 barrels per day.
While the facility began producing diesel on January 12, the production of petrol was delayed until September 3, due to challenges with securing crude oil.
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