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 1st June, 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 N760 and sell at N775 on Thursday 1st June 2023, 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 | N760 |
| Selling Rate | N775 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Interest Rate Hike Will Increase Cost Of Borrowing – NECA Tells CBN
The Nigeria Employers’ Consultative Association (NECA) has said the increase of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN) will increase the cost of borrowing which would further discourage investments in the sector.
Crossriverhub.ng News reported that the Governor of the apex bank, Godwin Emefiele, on Wednesday, announced that the MPR has increased from 18 percent to 18.5 percent.
