Black Market Dollar To Naira Exchange Rate To 21st 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 20th 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 N770 and sell at N780 on Monday 20th 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

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

Global Oil Records 499 Billion In Investment In 2022

The International Energy Forum and S&P Global Commodity Insights have recorded an increase of 39 per cent to $499bn in the investment of the global oil and gas upstream sector, in 2022, the highest level since 2014 and the most significant year-on-year gain in history.

The report claimed that the increase was due to rising costs, adding that the global rig count was up 22 per cent from a year ago, but remained 10 per cent below 2019 levels.

However, it was revealed that annual upstream investment would need to increase from $499bn in 2022 to $640bn in 2030 to ensure adequate supplies.

The estimate for 2030 was 18 per cent higher than the assessment done a year ago. The increase was due to rising costs.

The report also said that Oil and gas exploration and production were experiencing record profits, however, they prioritised returns to shareholders, share buybacks, and debt repayment.