Dollar to Naira Exchange Rates
Black Market Dollar To Naira Exchange Rate Today 22nd 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 21st 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 N732 and sell at N743 on Wednesday 21st 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 | N732 |
| Selling Rate | N743 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigerian Exchange Retail Transactions Hit N26.62bn
Data from the Nigerian Exchange Group shows that retail transactions increased by 10.69 percent to N26.62 billion in the month of November.
The data from the Nigerian Exchange indicated that retail transactions added N26.62bn in the month from N24.05bn in October 2022.
As of 30 November 2022, total transactions in the NGX decreased by 5.19 percent from N110.09bn in October 2022 to N104.38bn in November 2022.
Institutional investors with N63.33bn outperformed retail investors (N26.62bn), as market observers believed that the appreciation was a positive indicator for Nigerian stocks, considering the current economic environment.
Speaking with The PUNCH on Monday, a capital market analyst, Ayotunde Alabi, said more Nigerians are becoming investment wiser by the day.
Alabi attributed the past decline of the market to the capping of stocks and investors’ drive to make quick returns.
