Black Market Dollar To Naira Exchange Rate Today 22nd 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 21st 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 N1160 and sell at N1170 on Saturday 21st 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	N1160
Selling Rate	N1170

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	831
Selling Rate	832

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

FIRS Chairman Allays Fears On Increased Tax Rates

The acting chairman of the Federal Inland Revenue Service, Zacch Adedeji, has assured corporate organisations that there are no plans to increase tax rates following the resolution to increase the country’s tax-to-GDP ratio from 10.86 per cent to 18.

The plan had triggered muffled apprehensions among corporate entities that the decision could cause an increase in tax rates or the introduction of new ones.

Naija News reports that Adedeji, while addressing representatives of top large tax-paying companies during a get-together at Four Points by Sheraton in Lagos on Wednesday, said such resolve would not necessarily lead to an increase in taxes or the introduction of new taxes as President Bola Tinubu-led administration is determined to create a wholesome environment for businesses to flourish.

Adedeji said in the next three years, the FIRS would achieve an eight per cent rise in tax-to-GDP ratio to surpass Africa’s average of 16.5% without stifling investment or economic growth.

He said, “Our belief, understanding and vision as a revenue-generating agency is not to introduce any new tax as we only want to use data to improve compliance.”

Also, in a statement by his Special Adviser on Media and Communication, Dare Adekanmbi, on Thursday, the FIRS chairman said the invited companies and those willing to carry out their tax obligations voluntarily have nothing to be afraid of.