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Dollar to Naira Exchange Rates

Black Market Dollar To Naira Exchange Rate Today 6th January 2023


Dollar to naira exchange rate today

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 5th January, 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 N730 and sell at N740 on Thursday 5th January 2023, 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 RateN730
Selling RateN740

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

FG Says Nigeria’s Debt May Hit N77 Trillion Before May 2023, Gives Breakdown

The Director-General of the Debt Management Office (DMO), Patience Oniha has predicted a high increase in the country’s debt before the end of President Muhammadu Buhari-led administration.

The director-general made this known in Abuja on Wednesday during the public presentation and breakdown of the highlights of the 2023 Appropriation Act.

According to Oniba, the country’s debt may hit N77tn if the Central Bank of Nigeria (CBN) continues in its ways and means which has accumulated from 2014 to 2022, and put at about N22.7 trillion is securitized, coupled with the N44.06 tril- lion total debt stock as at third quarter of 2022 (Q3 2022) and the N8 trillion new borrowing

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She maintained that securitization was the best option because at the current interest rate charge of 18.5 percent, additional N1.8 trillion to N2 trillion may be incurred as interest if the government fails to securitize the CBN Ways & Means; hence the decision of the executive to work with the National Assembly to bring it into fruition.