Naira To Dollar Black Market Rate Today 7th 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 6th 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 N996 and sell at N1000 on Friday, 6th 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	N996
Selling Rate	N1000

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

Petrol Landing Cost Hits N720/litre – Oil Marketer Confirms

A popular marketer revealed on Thursday that the landing cost of Premium Motor Spirit (PMS), popularly called petrol, has hit N720/litre from N651 in August, Naija News has learned.

According to them, the cost surged further from the previous price because of the volatility in the exchange rate.

The foreign exchange rate of the Central Bank of Nigeria (CBN) as of Wednesday was around N766/$1, while it hovered around N990/$ at the parallel market.

Confirming the development, the Chief Executive Officer, of PETROCAM Trading (Nig) Ltd., Patrick Ilo, told The Punch that as of Tuesday, he landed 52,000 metric tonnes of petrol imported by the company N720/litre without subsidy.

Ilo explained that at this cost, his company can not sell because of the price of the Nigerian National Petroleum Company Limited (NNPCL)