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 28th 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 N1610 and sell at N1620 on Wednesday 28th 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 | N1610 |
| Selling Rate | N1620 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1602 |
| Selling Rate | N1603 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
President Bola Tinubu has expressed his enthusiasm in response to the latest economic report from the National Bureau of Statistics (NBS), which highlights the country’s Gross Domestic Product (GDP) showing significant growth.
According to the NBS, Nigeria’s real GDP increased by 3.2% year-on-year in the second quarter, surpassing the 2.51% growth recorded during the same period in 2023.
In a statement released by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, he noted that this positive GDP report follows a recent decline in both food and headline inflation, reinforcing the belief that Nigeria’s economy is on the right path to recovery.
The statement read, “As the President said in his August 4, 2024 national broadcast, our economy is recovering. Sooner than later, Nigerians will begin to feel, see, and enjoy the impact of his administration’s economic re-engineering efforts.
“We want to reiterate that this government will continue to work assiduously to rekindle Nigerians’ hope and confidence. President Tinubu is working to build a solid and resilient economy.
“President Tinubu urged Nigerians to retain their faith in the government and not allow themselves to be swayed by naysayers intent in aborting and undermining the current reforms for their selfish ends.
“We are confident that with the policies we have put in place, we expected production to rise to about two million barrels very soon.
“In terms of share of the GDP, the industry and services sectors contributed more to the aggregate GDP in the second quarter of 2024 compared to the corresponding quarter of 2023.
“In the quarter under review, aggregate GDP at basic price stood at ₦60,930,000.58 million in nominal terms. This performance is higher than the second quarter of 2023, which recorded an aggregate GDP of ₦52,103,927.13 million, indicating a 16.94% year-on-year nominal growth.”
