Black Market Dollar To Naira Exchange Rate Today 14th December 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 13th December, 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 N740 and sell at N755 on Tuesday 13th December 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	N740
Selling Rate	N755

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

Nigeria’s Debt Servicing To Gulp 123% Of 2023 Revenue – Report

The World Bank has projected that debt servicing will gulp 123.4 percent of the Federal Government’s revenue in 2023.

Naija News reports that the new World Bank Lead Economist for Nigeria, Alex Sienaert, made this known in a document released in November 2022.

The document is entitled, ‘Nigeria Public Finance Review: Fiscal Adjustment for Better and Sustainable Development Results.’ According to The Punch, the document projected that debt servicing would gulp 100.2 percent of Federal Government revenue by the end of 2022.

This was a decline from the earlier projection in its October Africa’s Pulse report, which is a biannual analysis of the near-term macroeconomic outlook for the region, published during the World Bank/IMF Spring and Annual Meetings in April and October.

In the report, the Washington-based bank said that Nigeria’s debt service to revenue ratio could stand at 102.3 percent by the end of 2022.