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 6th 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 N1607 on Tuesday 6th 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 | N1607 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1605 |
| Selling Rate | N1606 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Naira Fights Back Against US Dollar At Official Market
The Nigerian currency, the Naira, experienced an appreciation in the official market, with a trading rate of ₦1,607.15 per US dollar.
Data from the FMDQ Exchange, which manages the Nigerian Autonomous Foreign Exchange Market (NAFEM), indicated that the naira improved by ₦9.93.
This marks a gain of 0.61 per cent compared to the previous trading day on August 2, when the exchange rate was ₦1,617.08 to the dollar.
However, the total daily turnover saw a decline, falling to 77.09 million dollars on Monday, a decrease from the 131.55 million dollars recorded on August 2.
In the Investor’s and Exporter’s (I&E) window, the naira fluctuated between ₦1,620.50 and ₦1,570.00 against the dollar.
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