Naira To Dollar Black Market Rate Today 3rd October 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 2nd October 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 N998 and sell at N1003 on Monday, 2nd October 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	N998
Selling Rate	N1003

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

Federal Government Removes VAT On Diesel For Six Months

The Federal Government, in an effort to cushion the effects of the recent removal of the fuel subsidy, has declared the removal of the value-added tax (VAT) on diesel for the coming six months.

This announcement was made public by Femi Gbajabiamila, the Chief of Staff to President Bola Tinubu, after the conclusive discussions with the leadership of the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).

Key resolutions from the meeting include:

• The approval of a N25,000 provisional wage increment for all treasury-paid federal government workers over a period of six months.
• The commitment of the Federal Government to expedite the delivery of Compressed Natural Gas (CNG) buses to mitigate public transportation challenges that have risen from the removal of the PMS subsidy.
• A pledge to allocate funds specifically for micro and small-scale enterprises.
• An acknowledgment of the 8.57% spike in diesel prices, as reported by the National Bureau of Statistics, with consumers now paying an average of N854.32 per litre, a significant rise from N786.88 per litre from the previous year.
• The commencement of payments, by the Federal Government, of N75,000 to 15 million households at N25,000 monthly from October to December 2023.