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 June, 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 N1480 and sell at N1485 on Friday 14th June 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 | N1480 |
| Selling Rate | N1485 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1481 |
| Selling Rate | N1482 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Dangote Announces Plan To Establish Petrol Terminal In Caribbean
The Chairman and CEO of Dangote Group, Aliko Dangote, has revealed plans to establish a terminal in the Caribbean for exporting petroleum products to North American countries.
Naija News reports that Dangote disclosed this during the Afreximbank’s Trade and Investment Forum in The Bahamas on Wednesday, June 12.
Dangote mentioned that the company is capable of delivering petroleum products to the region in just 18 to 20 days.
The Nigerian billionaire also stated that a bilateral agreement will be signed with the region to build the terminal for exporting their petroleum products.
Dangote said: “I know the price in the Caribbean in terms of petroleum products is very high. We produce it cheaply. We can always bring it here. We can set up a terminal and we’ll be able to fix their needs.
“We will have a bilateral agreement with them, and also, bringing in stuff from there is not more than 18 to 20 days maximum. And then we need to set up a terminal.
“Once we set up a terminal, they will have a very cheap oil. They will have cheap energy. And by having cheap energy, their own economy will grow faster.”
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