Nigeria News

Black Market Dollar To Naira Exchange Rate Today 14th May 2022

Published by
George Oshogwe Ogbolu

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 13th 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 N570 and sell at N595 on Friday, 13th 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 570
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.

Nigerians Spent N108tn On Household Consumption In 2021 – NBS

Residents in the country spent N108.47tn on household consumption in 2021 in nominal terms, the National Bureau of Statistics (NBS) has said.

The NBS made the disclosure in its recent Expenditure and Income Gross Domestic Product report released on Wednesday.

According to the report, the figure is higher than the N97.72tn recorded in 2020, showing an increase of 11 per cent amid double-digit inflation.

The bureau stated that household consumption accounted for the biggest share of the expenditure GDP, which includes imputed expenditure incurred by resident households on individual consumption goods and services.

In the first quarter of 2021, the NBS said household consumption expenditure was N25.62tn, dropping to N24.28tn in Q2 2021.

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Published by
George Oshogwe Ogbolu