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 5th 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 N1400 and sell at N1420 on Sunday 5th 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 | N1400 |
| Selling Rate | N1420 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1441 |
| Selling Rate | N1442 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Fuel Scarcity: NNPCL, Marketers Trade Blames Over Lingering Queues At Filling Stations
According to the Nigeria National Petroleum Corporation Limited(NNPCL), the lingering fuel scarcity troubling Nigeria has been attributed to panic buying and exploitative practices by some petroleum marketers.
Naija News reports that in a bid to reassure the public, the NNPC has vowed that the current fuel queues will dissipate next week, asserting that it possesses sufficient fuel stocks to resolve the scarcity.
During a press briefing on Friday, NNPC spokesperson, Femi Soneye, disclosed that the corporation is prepared with over 1.5 billion litres of petroleum, which he insists is adequate for at least 30 days.
Soneye stated that while the NNPC is committed to ensuring fuel availability, the responsibility of fair distribution lies with the marketers, whom he accused of seeking to capitalize on the situation.
“The queues are clearing. They won’t just clear like that, because people are trying to hoard, while others are buying what they don’t need. That is why we keep saying there is enough product; there is no need to buy what you don’t need,” Soneye explained.
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