Dollar to Naira Exchange Rates
Black Market Dollar To Naira Exchange Rate To 14th February 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 13th February, 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 N760 and sell at N765 on Monday 13th February 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 | N760 |
| Selling Rate | N765 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
FG To Spend 82% Revenue On Debt Servicing – Reports
The International Monetary Fund (IMF) has, amid reports that Nigeria may spend 100% of its revenue on debt servicing by 2026, acknowledged that there was an improvement in the share of the government’s revenue last year.
In its latest publication, IMF noted that the revenue spent on debt servicing in 2022 was 96.3 per cent, and fortunately, in 2023, the government projected to spend 82 per cent.
According to the IMF, external debt (including that of the private sector) will rise to $121.6bn, with external reserves climbing to $37.5bn.
Naija News reports that the data was contained in the international organization’s projections table titled ‘IMF Executive Board Concludes 2022 Article IV Consultation with Nigeria summary.’
It added that interest payment was 86.1 per cent and 87.8 per cent of the Federal Government’s revenue in 2020 and 2021, respectively. The Washington-based lender further stated that Nigeria was at a near-term downside risk of high debt-servicing costs.
