Black Market Dollar To Naira Exchange Rate To 19th March 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 18th March, 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 N755 and sell at N760 on Saturday 18th March 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.

Nigeria’s Inflation Surges To 21.91%

Nigeria’s inflation has increased by a 0.09% point increase in February as compared to January 2023.

Naija News reports that while the inflation rate recorded in January 2023 was 21.82%, the latest has risen to 21.91%.

The new development was contained in a recent Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) on Wednesday.

The reports revealed that the increase between January and now in the country’s inflation rate represents a 0.09% point surge.

The NBS report said the rise in food inflation was caused by increases in prices of oil and fat, fish, meats, vegetable, yam and other tubers, bread and cereals, and other foods.

This development follows the ongoing cash crunch being experienced across the federation.

The new rate is the second consecutive rise in the country’s inflation figure this year, as Nigerians struggle to access cash for their daily needs.