Black Market Dollar to Naira Exchange Rate

Black Market Dollar to Naira Exchange Rate

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?

Hey there! Do you want to know how much a dollar is worth in Naira on the black market? Well, I’ve got the answer for you! Check out the black market Dollar to Naira exchange rate for 3rd January below. If you have some dollars, you can exchange them 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):

So, here’s the deal. At the Lagos Parallel Market (Black Market), people are buying a dollar for N1220 and selling it for N1230 on Wednesday 3rd January 2024. I got this information from sources at the Bureau De Change (BDC). But wait, there’s something you should know. The Central Bank of Nigeria (CBN) doesn’t recognize the black market. They want people who want to exchange Forex to go to their respective banks instead.

Dollar to Naira Black Market Rate Today

If you’re curious about the rates, here they are:

Buying Rate: N1220

Selling Rate: N1230

Dollar to Naira CBN Rate Today

Now, let’s talk about the official rate. The Central Bank of Nigeria (CBN) sets the rate for dollar to naira exchange. As of today, the buying rate is 913 Naira and the selling rate is 914 Naira.

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Naira Appreciate Against Dollar

Full List: FCT, Five Other States Record $654.65 Million In Foreign Investments Within Three Months

Here’s some interesting news! In the third quarter (Q3) of 2023, five states and the Federal Capital Territory (FCT), Abuja, received a total of $655.4 million in foreign investments. Can you guess which states got the most investments? It was Lagos, FCT, Abia, Ogun, Akwa-Ibom, and Ekiti! These states received investments during July, August, and September. But hey, the other states didn’t get any investments during this period. Lagos received the most with $308.83 million, followed by FCT with $194.66 million, Abia with $150.09 million, Ogun with $1.00 million, Akwa Ibom with $65,000, and Ekiti with $12,750.

According to the National Bureau of Statistics (NBS), Abia had the highest capital importation of $150.09 million in Q3 2023. This was the highest since 2020 when it attracted $56.07 million. By the way, capital importation means bringing in money from other countries to support investment, trade, and manufacturing activities in a country.

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