Naira To Dollar Black Market Rate Today 28th June 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 27th June 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 N765 and sell at N775 on Tuesday, 27th June, 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	N765
Selling Rate	N775

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

FG Pays N1.82 Trillion As Subsidy Payments In Five Months

The Federal Government through the Nigerian National Petroleum Company (NNPC) Limited has said it paid N1.82 trillion as subsidy payments in five months, and arrears on the payments hit N3.73 trillion.

In its monthly presentation to the Federation Account Allocation Committee (FAAC) meeting on June 22, 2023, the national oil company said it paid N307.408 billion as petrol subsidy payment in May 2023.

NNPC said from January 2023 to May 2023, petrol under-recovery totalled N1.828 trillion — 55 percent higher than the amount paid in the corresponding period of 2022.

It also disclosed that subsidy payments gulped N274.769 billion in January 2023, N477.742 billion in February, N415.381 billion in March, and N353.130 billion in April, respectively.

Meanwhile, under-recovery arrears amounted to N3.735 trillion and has been “carried forward”, the state oil firm said.