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Dollar to Naira Exchange Rates

Black Market Dollar To Naira Exchange Rate To 28th February 2023

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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 27th 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 N770 on Tuesday 27th 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 N770

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

NBS Says Nigeria’s GDP Grew By 3.52% In 4th Quarter

Nigeria’s Gross Domestic Product (GDP) rose 3.52 percent in the fourth quarter of 2022, according to the National Bureau of Statistics (NBS).

The NBS made this claim in the Nigerian GDP Report for Q4 2022, which was made public on Friday in Abuja.

According to the study, the Q4 rise followed rises of 2.25 percent in the third quarter of 2022 and 3.98 percent in the fourth quarter of 2021.

The study claimed that the services sector, which witnessed a growth of 5.69% and contributed 56.27% to the overall GDP, was the main driver of the GDP increase in the fourth quarter of 2022.

Although the agriculture sector grew by 2.05 percent in the fourth quarter, the terrible floods that hit the entire country had a significant negative impact on the industry’s performance, according to the report.

This “accounted for less increase” when compared to the fourth quarter of 2021, which had a growth of 3.58 percent.

Between Q3 2022 and Q4 2021, the Industrial sector experienced -0.94% growth and contributed less to the overall GDP, indicating that the industry is still experiencing issues.