Naira To Dollar Black Market Rate Today 4th August 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 3rd August 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 N880 and sell at N890 on Thursday, 3rd August 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	N880
Selling Rate	N890

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

Local Refining Will Reduce N70 On litre Of Petrol – Oil Marketers

Oil marketers have said local refining will save at least N70 per litre off petrol prices when fully operational.

Naija News gathered that the National Controller Operations, the Independent Petroleum Marketers Association of Nigeria (IPMAN), Mike Osatuyi said local refining would reduce insurance costs, product delivery time and increase employment, therefore cutting costs off some related fees.

He told The Punch on Wednesday that it would benefit the Federal Government to invest in the refineries.

His statement follows President Bola Tinubu’s disclosure that the Port Harcourt refinery will be functional by December.

According to him, although the contracts for revamping refineries had been awarded, it would be a good development for repairs to be completed as soon as possible to ease the stress and huge finance of importation on the country.