Naira Crashes Against Dollar On The NAFEX And Parallel Market
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 May, 2022 below. You can swap your dollar to Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N584 and sell at N597 on Wednesday, 11th 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 584 |
| Selling Rate | 597 |
Twenty-four companies listed on the Nigeria Stock Exchange have remitted a total of N215.9 billion in tax to the Federal Inland Revenue Services (FIRS), among other revenue-generating agencies in the first quarter of 2022.
Naija News reports that the companies’ remittance represents a 61 per cent increase over the N133.42 billion reported by these 24 companies in the first quarter of 2021.
The 24 companies are made up of cement manufacturing, telecommunication, oil & gas, financial institutions and Fast-Moving Consumer Goods (FMCG) companies listed on the Nigerian Exchange Limited (NGX).
Companies operating in Nigeria are expected to remit corporate tax, information technology tax, tertiary education tax, among others to federal government agency, state revenue generating agencies and agencies in countries where they have branches.