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 21st 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 N1600 and sell at N1610 on Wednesday 21st 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 | N1600 |
| Selling Rate | N1610 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1569 |
| Selling Rate | N1570 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
NBS Confirms Drop In Cost Of Cooking Gas In Nigeria
A report by the National Bureau of Statistics (NBS), confirmed that the price of Liquefied Petroleum Gas, popularly called cooking gas, in Nigeria dropped by 14.23% in July 2024.
The report said the price per 5kg of cooking gas fell from ₦6,966.03 in June to ₦5,974.55 within the period under consideration.
The price variance is based on the recently released Liquefied Petroleum Gas (Cooking Gas) Price Watch report by the NBS.
The report said on a state-by-state basis, Borno State, located in the Northeast, recorded the highest price for refilling a 5kg cylinder at ₦7,088.59.
The NBS report further revealed that Yobe State, also in the North East zone, followed closely behind Borno with an average retail price of ₦6,935.50, making it the second most expensive state for refilling a 5kg gas cylinder. Sokoto State, ranked third with an average price of ₦6,750.00.
On the other hand, Delta State had the lowest price for refilling a 5kg gas cylinder in July 2024 in the South-South zone, with an average price of ₦5,392.86, followed by Zamfara in the North West zone at ₦5,431.25, and Kogi State in the North Central zone at ₦5,560.63.
On a geopolitical basis, the NBS report detailed that the North East zone recorded the highest average price at ₦6,446.53 in July 2024. This reflects a 5.30% month-on-month decline and a significant 57.70% year-on-year increase.
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