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 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 N1135 and sell at N1140 on Tuesday 14th November 2023, 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 | N1135 |
| Selling Rate | N1140 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 844 |
| Selling Rate | 845 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Inflation To Hit 30% By December 2023 – KPMG
A global financial advisory service company, KPMG has projected that headline inflation in Nigeria will reach 30 per cent by December 2023.
Naija News reports that in September 2023, headline inflation rose to 26.72 per cent, up from 25.80 per cent in the previous month.
The figure marked the ninth consecutive rise in the country’s inflation rate this year.
In its November report titled ‘Macroeconomics Review H1 2023 & Outlook for H2 2023’ which was released last Friday, KPMG projected that the trend would continue till December 2023.
“Headline and food inflation are unlikely to ease soon as the depreciation of the naira continues to reinforce the inflationary impact of fuel subsidy removal via higher input prices and production costs caused by imported inflation,” the report said.
“Specifically, our model suggests that the combined influence of fuel subsidy removal and foreign exchange liberalisation may drive headline inflation to about 30% by December 2023.”
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