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 22nd 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 N1605 and sell at N1615 on Thursday 22nd 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 | N1605 |
| Selling Rate | N1615 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1591 |
| Selling Rate | N1592 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that none of the four international bilateral customers supplied by Nigerian power generation companies made payments towards the cumulative invoice of $14.19 million issued for services rendered in the first quarter of 2024.
According to the report released by NERC, the four foreign companies in question are Para-SBEE and Transcorp-SBEE in Benin Republic, Mainstream-NIGELEC in Togo, and Odukpani-CEET in Togo.
These companies failed to remit payments amounting to $3.15 million, $4.46 million, $1.21 million, and $5.36 million, respectively.
The report also highlighted that none of the bilateral customers within Nigeria made any remittances against the cumulative invoice of ₦1.86 million issued to them during the same period.
Despite these lapses, NERC noted that some bilateral customers, both local and international, made payments towards outstanding Market Operator invoices from previous quarters.
A total of $5.96 million was received from two international customers, while eight local customers paid ₦505.71 million towards settling debts incurred before Q1 2024.
