Black Market Dollar To Naira Exchange Rate Today 5th 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 4th June, 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 N610 on Saturday, 4th June, 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	585
Selling Rate	610

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

Electricity Tariff Increases By 58% After N500bn Subsidy Suspension – Report

The electricity tariffs increased by 58 percent after the Federal Government suspended the yearly N500bn power subsidy.

Naija News reports that the Association of Nigerian Electricity Distributors (ANED) disclosed this in a report titled, ‘Analysis of the Commercial KPIs for ANED ́s Members/2021’.

ANED said the suspension of the power subsidy in 2020 led to the Nigerian Electricity Regulatory Commission to equally increase tariffs from N31/kWh to N49/kWh starting from last year.

The association stated that the new tariffs were for customer categories under the class A, B and C, adding that they were for better service.