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 18th February 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 ₦1550 and sell at ₦1570 on Tuesday 18th February, 2025, 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Meanwhile, the Petroleum Products Retail Outlet Owners Association (PETROAN) has reaffirmed that premium motor spirit from the Nigerian National Petroleum Company Limited (NNPCL) complies with regulatory standards.

PETROAN’s Spokesperson, Joseph Obele, made this declaration in a statement issued on Sunday.

Naija News reports that this response follows the circulation of a viral video claiming that petrol from NNPCL lasts shorter than that from Dangote Refinery.

Although NNPCL had previously addressed the matter, dismissing the video as baseless, the controversy persists.

The post Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 18th February 2025 appeared first on Naija News.

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 8th April, 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 N1218 and sell at N1223 on Monday 8thth April 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

LCCI Raises Alarm On Impact Of High Energy Costs, Interest Rates On Businesses

The Lagos Chamber of Commerce and Industry (LCCI) has expressed concerns over the challenges of doing business in Nigeria caused by multiple factors.

Naija News understands that the increased Monetary Policy Rate (MPR) and the rising electricity tariffs were cited as contributing factors.

In a statement sent to LEADERSHIP, the director-general of LCCI, Dr. Chinyere Almona, emphasized this point.

Aloma expressed the Chamber’s grave concerns over the Central Bank of Nigeria’s (CBN) recent decision to increase the Monetary Policy Rate (MPR) from 22.75 per cent to 24.75 per cent.

Additionally, the Chamber views the recent increase in electricity tariffs as making the cost of living and doing business in Nigeria unbearable.

The post Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 9th April 2024 appeared first on Naija News.

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 7th April, 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 N1240 and sell at N1250 on Sunday 7th April 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 CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Depreciation: Trans-Border Traders Reject Naira, Ask For CFA

The Naira’s depreciation over recent months has led to significant setbacks in the West African market, with trans-border traders increasingly rejecting the Nigerian currency in favor of the CFA or other local currencies of non-francophone countries.

Investigations by Vanguard at the Seme border reveal a shift in currency preference among traders, marking a departure from the era when the Naira dominated the sub-regional economy.

Historically, the Naira was the preferred medium of exchange due to Nigeria’s substantial trade volume with neighboring countries.

However, the currency’s status has been in decline since February, culminating in its outright rejection by March 2024.

Traders, including Nigerians, express concerns over the Naira’s falling value, with the worst depreciation rates recorded in the recent months.

Official figures show a steep decline in the Naira’s value against the CFA, dropping from N1/1.5CFA in early 2023 to N1/0.37595CFA recently.

The post Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 8th April 2024 appeared first on Naija News.