Naira To Dollar Black Market Rate Today 24th 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 23rd 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 N885 and sell at N890 on Wednesday, 23rd 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	N885
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.

CBN Reveals How Much It Spent To Print, Distribute Naira Notes In 2022

The Central Bank of Nigeria (CBN) has said it spent N96.46 billion to print and distribute new naira notes in 2022.

The apex bank made this known in its recently released audited financial statement for the year ended December 31, 2022.

In the report, the CBN said: “Currency issue expenses relate to expenses incurred in relation to the printing, processing, distribution, and disposal of currency notes. This is recognised at cost when incurred.”

In October 2022, the suspended CBN governor, Godwin Emefiele, announced plans to redesign the N200, N500, and ₦1,000 naira bills and gave a deadline of January 31, 2023 to Nigerians to hand in all their old notes.

However, the apex bank extended the deadline to February 10. However, not enough of the new notes were released.