Monday 13 May 2024

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 13th May 2024

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 12th 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 N1480 and sell at N1500 on Sunday 12th 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 RateN1480

Selling RateN1500

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)CBN Rate Today

Buying RateN1439

Selling RateN1440

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

Nigeria’s currency, the naira, has taken a sharp downturn, becoming the world’s worst-performing currency in the past month, a recent Bloomberg report highlights.

This development has escalated the urgency for the Central Bank of Nigeria (CBN) to potentially raise interest rates further in response to the economic strain.

As of Friday, the naira has fallen to a record low of ₦1,466.31 against the dollar, its weakest since March 20.

No comments:

Post a Comment