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 21st October, 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 N1715 and sell at N1725 on Monday 21st October 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 | N1715 |
| Selling Rate | N1725 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1651 |
| Selling Rate | N1652 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The National Bureau of Statistics (NBS) has reported a significant rise in the average retail price of Premium Motor Spirit (PMS), commonly known as petrol, which surged to ₦1,030.46 per litre in September 2024.
In its publication, titled ‘Premium Motor Spirit (Petrol) Price Watch (September 2024)’, released on October 17, the NBS noted a 64.5 percent increase from the ₦626.21 recorded in September 2023.
The report also highlighted a 24.08% jump from August 2024, where the price averaged ₦830.46 per litre.
In the state-by-state analysis, Katsina led with the highest average retail price at ₦1,096.15, followed by Ebonyi (₦1,090.94) and Akwa Ibom (₦1,085.71).
On the lower end, Yobe, Sokoto, and Kebbi states recorded the lowest prices, at ₦939.38, ₦961.67, and ₦986.67, respectively.
Regionally, the North-West Zone had the highest average price at ₦1,036.52, while the North-East Zone posted the lowest at ₦1,014.55.
