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 30th December, 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 N1650 and sell at N1660 on Monday 30th December 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 | N1650 |
| Selling Rate | N1660 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Highest Rate | N1540 |
| Lowest Rate | N1533 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigeria has successfully received a $1.5 billion loan from the World Bank, marking a significant step in the government’s strategy to implement fuel subsidy removal and overhaul the tax system.
According to the latest World Bank report on the loan’s progress, the financial institution approved the loan under the Reforms for Economic Stabilisation to Enable Transformation Development Policy Financing initiative.
Naija News gathered that the loan was formally approved on June 13, 2024, with an initial disbursement of $750 million made on July 2, 2024.
The second tranche, also valued at $750 million, was released in November 2024, following the government’s fulfilment of specific economic reform targets.
This brings the total loan disbursement to $1.88 billion, contributing to the government’s economic stabilisation efforts.
The $1.5 billion loan was structured into two separate tranches, each with different repayment terms.
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