Black Market Dollar To Naira Exchange Rate Today 1st June 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 31st 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 N585 and sell at N605 on Tuesday, 31st 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

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

Worries As Airfare Surges By 52% Over Forex, Aviation Fuel Price Hike

Concerns have been raised over the continuous surge in the price of average airfare paid by passengers on specified routes for a single journey in Nigeria.

Based on recent findings, the price of airfare has increased by 52 per cent in the past 12 months. The development, Naija News understands is not unconnected with the recent surge in the price of aviation fuel.

Relatively, the poor access to foreign exchange is another contributing factor to the airfare cost across states. It was gathered that presently, energy costs constitute about 50 per cent of an airline’s operating costs in Nigeria.

The National Bureau of Statistics in a new report titled, “Transport Fare Watch (April 2022),” said airfares recorded a 19 per cent increase when gauged on a month-on-month basis.