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 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 N1570 and sell at N1575 on Sunday 14th 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 | N1570 |
| Selling Rate | N1575 |
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.
Interest Rate Will Come Down Soon – CBN Governor, Cardoso
The Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians and private sector investors that interest rate would soon come down from the current of 30 percent.
Yemi Cardoso said the current interest rate was fixed by Monetary Policy Committee of the CBN and not him.
Cardoso said this while speaking at Business CEO Forum, in Lagos. He said the MPC focus on data and not emotions.
The CBN governor’s clarification comes amid outcries from the Chairman of Dangote Group, Aliko Dangote and former presidential candidate of the Labour Party, Peter Obi.
On Tuesday, at a three-day National Manufacturing Policy Summit organized by the Manufacturers Association of Nigeria (MAN), Dangote said, “Right now, at 30%, there is no way anybody can create jobs.” Dangote added that the current interest rate would not grow Nigeria’s economy.
On his part, Peter Obi said the 30 percent interest rate would kill Micro, Small and Medium Enterprises (MSMEs). He argued that no private employer would like to take a credit at such rate when energy cost remained the sole duty of the company to bear.
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