Dollar to Naira Exchange Rates
Naira To Dollar Black Market Rate Today 10th 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 9th 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 N1002 and sell at N1008 on Monday, 9th 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 | N1002 |
| Selling Rate | N1008 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Tinubu Govt Confirms Drop In Electricity Generation
A report by a Federal Government agency, the Nigerian Electricity Regulatory Commission (NERC), has confirmed that Nigeria’s available electricity generation capacity has dropped by 2,324.
The report claimed that the electricity generation capacity dropped due to, among other things, diminishing plant/unit capabilities and poor maintenance brought on by liquidity concerns.
The amount of electricity available declined by more than 2,300MW between 2015 and 2022, despite a minor rise in the country’s existing electricity generation capacity.
Since 2015, when the electricity generation companies were transferred to private investors, the installation and generating capacity of the power plants connected to the grid have increased, the NERC report claimed.
According to the report, as of December 2022, a total of 28 power plants, both privately and publicly owned, were running and connected to the grid.
