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Dollar to Naira Exchange Rates

Aboki Rate: Latest US Dollar To Naira Black Market Rates Today, 17th September 2022



Dollar to naira exchange rate today

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 17th September, 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 N700 and sell at N709 on Saturday, 17th September, 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 700
Selling Rate 709

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

Banks Deposit Rise By 24% To N42tn – CBN Report

The total deposits done in Nigerian banks rose by 24.17 per cent from N33.85tn as of the end of June 2021 to N42.03tn in June 2022.

The Deputy Governor, Financial Systems Stability Directorate of the Central Bank of Nigeria (CBN), Aisha Ahmad, made this known in a statement at the last Monetary Policy Committee (MPC) meeting.

Ahmed added that the total assets rose from N53.64tn in June 2021 to N65.48tn in the corresponding period of 2022, adding that Gross credit rose by N5.02tn between June 2021 and June 2022.

She said, “Key industry aggregates also continued their year-on-year upward trajectory with total assets rising to N65.48tn in June 2022 from N53.64tn in June 2021, while total deposits rose to N42.03tn from N33.85tn over the same period.

“Gross credit has maintained an upward trajectory since 2019, rising by N5.02tn between June 2021 and June 2022 with significant growth in credit to manufacturing, general commerce and oil & gas sectors.

“This notable increase was achieved amidst a continued decline in non-performing loans ratio from 5.3 per cent in April 2022 to 5.0 per cent in June 2022.”

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