Connect with us

Advertisement

Dollar to Naira Exchange Rates

Black Market Dollar To Naira Exchange Rate Today 25th July 2022

 

Aboki FX: Worries As Naira Crashes To N710 Against Dollar

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 24th 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 N608 and sell at N660 on Sunday, 24th 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

Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Buying Rate 608
Selling Rate 660

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

Revenue Falls By N1.89tn, Nigerians Face Tougher Times

Economic and energy experts have predicted tougher days for Nigerians as the Federal Government plans to spend the sum of N6.7tn on fuel subsidy next year and a major shortfall in government oil revenue in 2022.

The four-month fiscal report of the economy was released the Minister of Finance, Zainab Ahmed, on Thursday, during a public consultation on the 2023-2025 Medium Term Expenditure Framework/FSP.

Ahmed stated, “Crude oil production challenges and PMS subsidy deductions by NNPC constitute significant threat to the achievement of our revenue growth targets, as seen in the 2022 Performance up to April.

“Bold, decisive and urgent action is urgently required to address revenue underperformance and expenditure efficiency at national & sub-national levels.”

Ahmed said the subsidy projection was based on business-as-usual or reform scenarios, noting that the first scenario assumed that subsidy would be retained and fully provided for.

The minister speaking on the second senerio, assumed that subsidy would remain up till mid-2023 based on the 18-month extension earlier announced, but only N3.36 trillion would be spent.

George Oshogwe Ogbolu is a Digital Media Strategist | Content Writer | Journalist | New Media Influencer | Proofreader and Editor at Naija News.