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 19th 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 N770 and sell at N780 on Saturday 19th 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|
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Many factors have been identified to be causing poor investment in the Nigerian and African power sectors.
Nigeria’s national electricity grid collapsed no fewer than seven times this year alone. The country’s power sector has been labelled as inconsistent as citizens have been thrown into thicker darkness in many parts of the country this year.
Sahara Group, a global energy player in power generation and distribution, revealed in its recent reports that the African nations suffer less willingness to invest in the power sector because of revenue losses, inadequate regulations, and lack of trust, among other concerns in the industry.
Naija News understands that the revelation is contained in the report titled “Energy Mix – The Challenges with Funding and Deploying Commercially Viable Renewable Energy Solutions,” released in November.
The report sighted by newsmen in Abuja on Thursday outlined other challenges of the sector to include; transmission and distribution losses, lack of cost-reflective tariff, and issues around regulatory standards.
On transmission and distribution losses, the report indicated that this was mainly caused by inadequate maintenance, ageing infrastructure (such as transmission lines), and slow expansion of infrastructure to match the growing population and development.