Naira To Dollar Black Market Rate Today 19th 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 18th 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 N1070 and sell at N1080 on Wednesday, 18th 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	N1070
Selling Rate	N1080

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	882
Selling Rate	883

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

Oil Marketers To Soon End NNPCL’s Monopoly On Fuel Importation

Strong indications have emerged that oil marketers in the country would soon end the Nigerian National Petroleum Company Limited (NNPCL)’s monopoly of importation of Premium Motor Spirit (PMS), popularly known as petrol.

Naija News understands that oil marketers have resolved to resume the importation of fuel to stop NNPCL’s monopoly of fuel.

It was gathered that oil marketers arrived at this decision after a meeting of the marketers, including the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Major Marketers Association of Nigeria (MOMAN), with top officials of the Nigerian Midstream and Downstream Petroleum Products Regulatory Agency, (NMDPRA) early this week.

This development comes after several fuel depots have run dried-off products due to a lack of forex to import petrol.

Recount that last week, the Group Chief Executive Officer of the NNPCL, Mele Kyari, confirmed that the company was the only one importing fuel at the moment because other marketers lacked access to foreign exchange for importation.