Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 17th July 2024

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 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 N1585 on Tuesday 16th 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 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.

Nigeria’s Inflation Rate Hits 34.19% Amid Soaring Food Prices

The latest data from the National Bureau of State Statistics (NBS) has revealed that Nigeria’s inflation figure has reached a new high, hitting 34.19 % for June 2024.

Naija News reports that the development comes amid the rising cost of food items across the country, pushing essential commodities beyond the reach of millions.

The new data shows an increase of 0.24% points when compared to the inflation figure for May 2024.

According to the NBS, headline inflation, on a year-on-year basis, jumped in June 2024 compared to the same month in the last year.

The agency added that on a month-on-month basis, the headline inflation rate in June 2024 was 2.31%, 0.17% higher than the rate recorded in May 2024 (2.14%).

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