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Dollar to Naira Exchange Rates

Black Market Dollar To Naira Exchange Rate Today 18th May 2022

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JUST IN: Naira Hits Strong Against Dollar At 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 17th 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 N580 and sell at N595 on Tuesday, 17th 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 580
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’s Inflation Hits 16.82% In April – NBS

The National Bureau of Statistics (NBS) has disclosed that Nigeria’s Consumer Price Index rose to 16.82 percent in April from 15.92 per cent in March.

In its ‘Consumer Price Index April 2022’ report released on Monday, the Bureau said the latest recording is the highest jump in eight months.

The NBS said in the report that the rate is 1.3 per cent points lower compared to 18.12 per cent recorded in April 2021, adding that the new annual rate is the highest since September 2021 when the inflation rate rose by 16.63 percent.

The NBS said that the headline inflation rate slowed down in April 2022 compared to the same month in the previous year.

The report said the urban inflation rate increased to 17.35 percent (year-on-year) in April 2022 from 18.68 percent recorded in April 2021, while the rural inflation rate increased to 16.32 percent in April 2022 from 17.57 percent in April 2021.

On a month-on-month basis, the urban index rose to 1.78 percent in April 2022, up by 0.02 from the rate recorded in March 2022 (1.76), while the rural index also rose to 1.74 percent in April 2022, up by 0.01 from the rate that was recorded in March 2022 (1.73) percent.