Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 25 August 2022

What is the Dollar to Naira Exchange rate at the official CBN rate, aboki fx, and the black market? How much is the Dollar to Naira exchange rate today, 25th August 2022? You convert your dollar to Naira at these rates, or you convert your dollar to Naira at the most recent, official CBN rate, black market, or parallel market rate.

How Much Is Dollar To Naira Exchange Rate Today Official Rate?

The official rate today, Thursday, August 25th, 2022, for 1 dollar to naira = ₦428.67/$1.

According to the data obtained from the FMDQ, where Naira is traded officially, the exchange rate between the naira and the US dollar opened at ₦428.67/$1 on Thursday 25th August and closed at ₦431.00 to $1.

US Dollar to Naira Black Market Rate Today, 25th August 2022.

Naija News reports that the US dollar to naira exchange rate changes hourly. The exchange rate fluctuates depending on the volume of dollars available and the demand for it. This means the exchange rate you buy and sell the dollar could be different hours later (high or low).

Factors that could Influence Foreign Exchange Rates in Nigeria

• Conditions of Trade
• Speculators
• Government Debt
• Interest Rates
• Inflation Rates

Bureau De Change operators have cited a lack of FX and a surge in demand for the recent uncontrolled uptrend recorded in the market. In the same vein, some bank users who have FX in their domiciliary account told Nairametrics that they have not been able to withdraw their funds from the bank due to tightened liquidity.

DisCos Receive 857,108 Consumer Complaints In 12 Months – NERC

Electricity Distribution Companies (DisCos) have disclosed that they have received 857,108 complaints from consumers in 2020.

Naija News reports that the Nigerian Electricity Regulatory Commission (NERC) made the disclosure in a newly released report.

According to the NERC, the figure represents 32 per cent more than those received in 2019 (648,537 complaints), adding that it amounts to an average of 2,348 complaints per day.

In total, the DisCos attended to 799,236 complaints, representing a 93.25 per cent resolution rate.

A breakdown shows that Eko Disco had the highest customer complaints of 53 per cent, followed by Kano DisCo with 50 per cent.

Ikeja DisCo ranked third with 49 per cent, while both Abuja and Benin DisCos each recorded 48 per cent complaints.