Black Market Dollar To Naira Exchange Rate Today 16th 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 15th 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 N745 and sell at N760 on Thursday 15th 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	N745
Selling Rate	N760

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

How FDI In Nigeria Depreciated By 58.98% In 11 Years, Expert Says Investors Won’t Put Their Money In An Unsecured Environment

The World Bank, in its latest international debt report, has revealed that Foreign Direct Investment (FDI) in Nigeria has depreciated by 58.98% in 11 years.

Naija News reports that the Washington-based lender’s annual report tagged, ‘International Debt Report,’ indicated that between 2010 and 2021, FDI in the country plunged from $5.966 billion to $2.447 billion respectively.

The World Bank in its updated International Debt statistics for 2022 released on Friday disclosed that under the period in review, the year 2019 recorded the lowest FDI in the country when it depreciated to $851 million.

The report said it however rose in 2020 to $ 930 million despite the lockdown caused by the coronavirus pandemic, which disrupted businesses across the globe.

Naija News gathered that the National Bureau of Statistics (NBS) also recorded a fall of $325.82 million in the nation’s FDI in two years.

The FDI refers to an investment in the form of controlling ownership in a business in one country by an entity based in another country.