Black Market Dollar To Naira Exchange Rate Today 12th November 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 11th November, 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 N710 and sell at N730 on Friday 11th November 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	710
Selling Rate	730

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

Nigerians Can’t Buy Fuel At N170/L, When Landing Cost Is Thrice That – NNPCL

The Nigerian National Petroleum Company Limited (NNPCL) has told Nigerians that they can’t buy Premium Motor Spirit, popularly called petrol or fuel, at a pump price of N170 per litre.

Naija News reports that the Company’s Group Managing Director, Mele Kyari disclosed that NNPCL cannot maintain sales of petrol at N170/L when the landing cost of the product is thrice what it is sold for in the country.

According to Kyari, when petrol comes into the country, the company transfer to marketers at N113 per litre so as to ensure it sells for N165 at the pump.

The NNPCL boss, in Abuja at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption, explained that there is nowhere today that a litre of petrol can be landed at the pumps at the N445 (to a dollar) exchange rate.