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 May, 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 N1530 and sell at N1540 on Thursday 16th May 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 | N1530 |
| Selling Rate | N1540 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1491 |
| Selling Rate | N1492 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Tinubu-Led Govt Allocates ₦20 Trillion Pension Funds To Infrastructure Investments
The federal government aims to boost economic growth by utilising ₦20 trillion from the nation’s pension funds to finance vital infrastructure projects nationwide.
Finance Minister and coordinating minister of the economy, Wale Edun, disclosed this to State House correspondents after President Bola Tinubu presided over the Federal Executive Council meeting at the Presidential Villa.
He mentioned that the initiative is a crucial part of Tinubu’s comprehensive reforms aimed at stabilising the economy in the face of high inflation and interest rates.
He stated that the government will work closely with private sector players to access the over ₦20 trillion pool of long-term funds available with Nigeria’s pension, life insurance, and investment funds.
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