Black Market Dollar To Naira Exchange Rate Today 8th July 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 7th July, 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 N611 on Thursday, 7th July, 2022, 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.

NBS Records Rise In Solid Minerals Imports In 12 months

The National Bureau of Statistics has recorded an increase in the importation of solid minerals, which rose by 74.39 per cent from N23.56bn in the first quarter of 2021 to N41.09bn in the same quarter in 2022.

According to the report, solid mineral imports were dominated by plasters of calcined gypsum or calcium sulphate imported from Turkey worth N6.87bn and China valued at N1.87bn.

Other products imported under this category were salt for human consumption from Namibia (N5.87bn) and Tunisia (N1.14bn), and Gypsum anhydrite (N5.72bn) from Spain.

The report read in part, “The value of solid minerals imports in the first quarter of 2022 stood at N41.09bn, this value was 37.84 per cent higher than the value recorded in Q4, 2021 (N29.81bn) and 74.39 per cent of the value recorded in Q1, 2021 (N23.56bn).”

Meanwhile, The Minister of Mines and Steel Development, Olamilekan Adegbite, recently described Nigeria as blessed, after revealing the country poses 44 different types of minerals in commercial quantity in over 500 locations in the 36 states and the Federal Capital Territory.

Some of the minerals include baryte, kaolin, gypsum, feldspar, limestone, coal, bitumen, lignite, uranium, gold, cassiterite, columbite, iron ore, lead-zinc, copper, granite, laterite, sapphire, tourmaline, emerald, topaz, amethyst, and garnet.