Black Market Dollar To Naira Exchange Rate Today 27th 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 26th, 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 N590 and sell at N615 on Sunday, 26th, 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.

Buhari Approves, Releases N41.6bn Take-up Grant For Presidential Power Programme

President Muhammadu Buhari on Friday approved and released $100m (N41.6bn at the official exchange rate of N415.63/$) as a take-up grant for the Presidential Power Initiative.

The President released the $100m as part of the $200m approved for the programme, as the balance alongside additional would come on a later date.

President Buhari and German Chancellor, Angela Merkel conceived the PPI initiative during a meeting on August 31, 2018.

It was conceived as a three-phase initiative to rehabilitate and expand Nigeria’s electricity grid through improved generation, transmission, and distribution.

The Federal Government had to establish a special purpose vehicle, the FGN Power Company, to own and execute the PPI.

A document obtained from the company in Abuja on the financing for the power programme indicated that billions of naira had already been released for the initiative.