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 14th April, 2022 below. You can swap your dollar to Naira at these rates.
How much is dollar to naira today in 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 N580 and sell at N600 on Thursday, April 14th 2022, 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 | 580 |
| Selling Rate | 600 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
Nigeria’s Oil Production Drops To New Low, As Price Averages $117.25
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), in its latest data released, disclosed that oil output dropped to an average of 1.24 million barrels per day (bpd) from 1.25 million in February 2022.
According to the regulatory commission, the data released represents a 0.80 per cent decrease from the previous month, representing the lowest production capacity so far in the year.
NUPRC disclosed that Nigeria is producing below 1.4 million barrels per day in 2022, failing to meet its Organisation of Petroleum Exporting Countries (OPEC) quota of about 1.8 million bpd.
Nigeria might have lost N900 billion in oil earnings for the month if the March oil price figure is used.
Statista noted that the average price of one barrel of Brent crude oil, the benchmark for Nigeria’s oil, was 117.25 US dollars in March 2022 as a result of the Russia-Ukraine war.
This article was originally published on Nigeria News