Black Market Dollar To Naira Exchange Rate Today 18th January 2023

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 17th 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 N740 and sell at N748 on Tuesday 17th 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 Rate	N740
Selling Rate	N748

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

Oil Blocs Licensing To End In April, FG Invites Investors

The Federal Government has announced that the licensing round for seven deep offshore open oil blocs would be ending in April 2023.
It was gathered that the licensing exercise which started on January 3, 2023, would last for four months.

Naija News reports that the Chief Executive, of Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe revealed the deadline for the exercise on Monday in Lagos at the pre-bid conference for the 2022/2023 licensing round of petroleum prospecting licences in deep offshore Nigeria.

Komolafe disclosed that the federal government is inviting investors with capability and experience in deep water operations from across the world to embrace the fiscal provisions of the Petroleum Industry Act (PIA) 2021 and join in bidding for the oil blocs.

According to him, the approval of the exercise by the President Muhammadu Buhari was the first in the last 15 years.

While speaking to the conference’s theme “Growing Upstream Investment in Nigeria through Licencing Round: The Bid Process and Opportunities,” Komolafe submitted that the commission had announced the commencement and launched the bid round portal which was officially opened on January 3, 2023.

He advanced that “The exercise is scheduled to last for approximately four months along the following processes: registration and pre-qualification, data prying/purchase, technical bid submission/presentation, technical bid evaluation, and commercial bid conference.”