Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 11th September 2022

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 11th September, below. You can swap your dollar to Naira at these rates.

How much is dollar to naira today in 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 N697 and sell at N700 on Sunday, 11th September 2022, 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

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

Fuel Sales Push Nigeria’s Foreign Trade To N25.84tn

Data released by the Nigerian Bureau of Statistics has shown that Nigeria’s foreign trade has increased by 47.07 per cent year-on-year to N25.84tn in the first half of 2022 due to increased crude oil sales.

According to the data, total foreign trade was N17.57tn, with crude exports at N6.12tn in the first half of 2021.

Total imports for the first half of 2021 was N9.57tn and export was N8.01tn with a trade deficit of N1.56tn.

In the first half of 2022, foreign trade totalled N25.84tn, with crude exports at N11.53tn.

Total imports for the period were put at N11.34tn, exports were put at N14.51tn, and the trade surplus was N3.17tn.

The NBS, reacting to the foreign trade for the second quarter of 2022, said, “Nigeria’s total merchandise trade stood at N12.84tn in the second quarter of 2022, indicating a marginal decrease of 1.23 per cent over the value recorded in the first quarter of 2022 and 32.22 per cent higher when compared to the value recorded in the second quarter of 2021.

“The export trade in the quarter under review stood at N7.41tn showing a rise of 4.31 per cent over the value recorded in the preceding quarter and also increased by 47.55 per cent over the corresponding period of the preceding year. Furthermore, the share of exports in total trade stood at 57.68 per cent in Q2, 2022.

“On the other hand, total imports were valued at N5.41tn in Q2, 2022 indicating a decrease of 7.89 per cent over the value recorded in the preceding quarter. However, the value increased by 15.83 per cent over what was recorded in the corresponding period of 2021. Imports’ value in the second quarter of 2022 accounted for 42.32 per cent of total trade. The balance of trade in the period under review stood at N1.97tn.”