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 4th April, 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 N745 and sell at N750 on Tuesday 4th April 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 | N745 |
| Selling Rate | N750 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Data released recently by the National Bureau of Statistics (NBS) has highlighted how 36 states of the federation shared N9.3 trillion as federal allocation in three years.
The period under review is between June 2019 and December 2022, OsunDaily News reports.
Data from 43 monthly reports of the Federation Accounts Allocation Committee (FAAC), covered parts of President Muhammadu Buhari’s second tenure. As revealed in the document, Delta State gulp the highest allocation amongst its equals while Akwa Ibom and Rivers states followed.
Delta State received the sum of N843.8bn, Akwa Ibom got N643.2bn, while Rivers got about N642bn within the period under review.
It was observed that Sokoto State got the leased allocation during the three years and seven months period, as it received N119.1bn. Osun State followed with the second least allocation of N126.4bn while Cross Rivers got the third lowest allocation summed at N141.71bn in 43 months.
Federal Allocation received by other states goes thus: Abia, Adamawa, Anambra, Bauchi and Bayelsa received about N188.75bn, N221.86bn, N204.54bn, N200.5bn and N543.6bn, respectively.
Benue, Borno, Ebonyi, Edo, Ekiti, Enugu and Gombe received N192bn, N233.9bn, N171.3bn, N247.5bn, N148.4bn, N196.3bn and N156.6bn, respectively.
For Imo, Jigawa, Kaduna, Kano, Katsina, Kebbi, Kogi, Kwara and Lagos states, their various FAAC allocations during the period under review were N215.96bn, N223.7bn, N242.5bn, N308.4bn, N233.7bn, N204.3bn, N193.3bn, N154.1bn and N457.4bn respectively.
The remaining states of Nasarawa, Niger, Ogun, Ondo, Oyo, Plateau, Taraba, Yobe and Zamfara received allocations of N179.5bn, N189bn, N147.8bn, N202.8bn, N225bn, N149.7bn, N267.9bn, N184.3bn and N167.3bn respectively.
