Black Market Dollar To Naira Exchange Rate Today 25th 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 24th 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 N1290 and sell at N1310 on Tuesday 24th 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	N1290
Selling Rate	N1310

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	820
Selling Rate	824.93

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

Lawmakers Summon CBN Gov Over Decision Of Lifting Ban On 43 Forex Items

The governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has been summoned by the House of Representatives regarding the decision to lift the forex ban on 43 items.

Recall that the said items, including toothpicks, and cement, among others, were initially restricted from accessing forex in 2015. As a result, importers of these commodities were compelled to obtain foreign exchange from the black market, often at inflated rates.

However, days after the ban was lifted, the lower legislative chamber on Tuesday passed a resolution during plenary, following the adoption of a motion of urgent public importance by Sada Soli, a lawmaker from Katsina, to summon the CBN governor.

This summon comes at a time of heightened volatility in the FX market, following the consolidation of all trading windows into the investors’ and exporters’ (I&E) window.