Connect with us

Dollar to Naira Exchange Rates

Black Market Dollar To Naira Exchange Rate Today 12th 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 11th 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 N735 and sell at N745 on Wednesday 11th 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 RateN735
Selling RateN745

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

Why Nigerians Need To Get Out Of Bad Debts To Survive Financial Challenges In 2023 – Report

A publication, Money Africa has said that Nigerians need to get out of bad debts to survive the financial challenges in 2023.

It noted that the residual effect of the pandemic, Russian Ukraine war and high inflation had affected the finances of Nigerians and led to loaning from every means possible to survive.

In a report titled ‘2023 optimism: Making the best of a potentially challenging year’, it said that in Nigeria, the elections were going to be pivotal to how the year would turn out.

Regardless, the problem of slow growth, high inflation and high unemployment would persist, it stated.

These problems could be worsened by the phasing out of petrol subsidies and a sustained depreciation of the currency unless oil exports recover strongly.

Get New DJ Mixes

While advising Nigeria to avoid debts, it stated, “There are two types of debts: Good debt and bad debt. You need to let go of bad debt on consumables (debt that has no future value) and gravitate towards good debt. A good debt bears fruit in the future.”