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 28th May, 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):
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|
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
The Manufacturers Association of Nigeria (MAN) has aired their dissatisfaction with the latest interest rate increase announced by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN).
A few days ago, the CBN MPC increased its monetary policy interest rates to 18.5 per cent.
Naija News understands that the decision was taken following a meeting by the apex bank MPC on Wednesday, May 24.
Members of the MPC are said to have voted to increase the benchmark interest rate by 50 basis points to 18 per cent.
While reading the communique of the third MPC meeting of the year on Wednesday, CBN Governor, Godwin Emefiele, said the committee voted to keep the asymmetric corridor at +100 and -700 basis points around the MPR.
According to him, the apex bank had effected the fifth consecutive increase in MPR in a bid to curb inflation.
However, MAN has noted that the latest policy measure undermines real sector growth.