Black Market Dollar To Naira Exchange Rate Today 27th October 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 26th October, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the 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 N758 and sell at N762 on Wednesday 26th October 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	758
Selling Rate	762

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

Fuel Scarcity: IPMAN Explains Why Fuel Now Sells For N200/Litre, Says NNPC Has No Fuel In Stock

The Independent Petroleum Marketers Association of Nigeria (IPMAN) Western Zone, has come out to explain why there is a hike in the pump price of Premium Motor Spirit popularly known as petrol.

According to the association, the increase in the pump price of fuel was attributed to a hike in private depot prices.

Naija News gathered the IPMAN chairman in the western zone, Alhaji Dele Tajudeen, was reported to have said that the price of fuel at the depot went fuel from N148.17 per litre to N178 per litre last week.

Tajudeen, who bemoaned the increase in the depot price, said none of the Nigerian National Petroleum Company Ltd (NNPC) depots has the product and the private depots took advantage of the situation to hike the price.

He further said that Nigerians should not blame private marketers for the increase in the pump price of fuel, noting that selling at N170 per litre is not realistic.

He stated, “The only option for our members is to opt for private depots to keep our business moving.

“We are totally against the increase because it will affect our profit margins and the masses.

“Some private depots who have the product, deliberately, refused to sell for reasons best known to them.

“Therefore, our members have no other option than to sell between N195 and N200 per litre within Lagos, Ogun and Oyo state, while we will sell between N200 and N210 in Kwara, Ondo, Osun and Ekiti states.

“Most of the tank farm owners have justified this increase because of different charges, among which are vessels charges paid in dollars.

“We are equally calling on the management of the Nigerian National Petroleum Company Ltd. (NNPC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to investigate the arbitrary increase in fuel price by the private depot owners.”