Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 21 August 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 20th August, 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 N660 and sell at N680 on Saturday, 20th August, 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.

GenCos, DisCos Owe Banks N836bn – CBN Report

The Central Bank of Nigeria (CBN) has said Power Generation and Distribution Companies (DisCos) owe Nigerian banks N836.09bn since it was privatised over eight years ago.

In data released on June 2022, the apex bank disclosed that power generation and independent power producers owed banks N562.19bn in the last eight years.

The CBN added that power transmission and distribution firms were indebted to the tune of N273.89bn.

According to the Punch, the core investors in the distribution companies were looking to restructure the loans advanced to them by banks for the acquisition of the power assets.

Naija News recalls that in November 2013, the nation’s distribution and generation companies were sold for $1.7bn and $1.5bn respectively through the Bureau of Public Enterprises (BPE).

It is understood that the privatisation fetched about $3.2bn for the Federal Government.