Nigeria News

Black Market Dollar To Naira Exchange Rate Today 10th May 2022

Published by
George Oshogwe Ogbolu
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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 9th May, 2022 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 N575 and sell at N595 on Monday, 9th May, 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 575
Selling Rate 595

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

Nigeria Loses N1.22tn To Deficit Oil Production – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria lost about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of 2022.

Naija News reports that OPEC made this known in a series of data contained in various reports released in the last four months.

The data released by OPEC showed that Nigeria failed to meet its oil production quotas in January, February and March 2022.

The organisation said the reason Nigeria lost such an amount was due to its persistent inability to meet the crude oil production quota approved for the country.

Data released by OPEC showed that the crude oil production quota approved by the organisation for Nigeria in January this year was 1.683 million barrels per day.

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Published by
George Oshogwe Ogbolu