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 16th August, 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 N1595 and sell at N1605 on Friday 16th August 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 | N1595 |
| Selling Rate | N1605 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1584 |
| Selling Rate | N1585 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Don’t Stop Paying Wage Award Because Of ₦70,000 New Minimum Wage – Labour Tells Govt
The organized labour has urged the government not to stop paying the ₦35,000 wage award to workers when the ₦70,000 new minimum wage becomes effective.
The Lagos State Chapter of the Nigeria Labour Congress (NLC) made the appeal in a position made known on Friday by its chairman, Funmi Sessi.
The NLC chieftain explained that the wage award is different from the minimum wage while reacting to a statement from a certain commission that the state was already paying more than ₦70,000 prescribed minimum wage to its employees.
Sessi also called on Governor Babajide Sanwo-Olu to constitute a wage committee to look into the immediate implementation of the ₦70,000 to all categories of public servants in the state.
“NLC commends the state Governor Sanwo-Olu for his commitment to the welfare of workers as evident in the state being the first to implement the N35,000 wage award palliative to public servants in the nation.
“Alluding to the N35,000 palliative wage award as part of the calculated earned income in the state is not the true situation since the wage award does not reflect on the allowances,” the NLC said.
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