Black Market Dollar To Naira Exchange Rate Today 2nd November 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 1st November, 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 N1170 and sell at N1175 on Wednesday 1st November 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	N1170
Selling Rate	N1175

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	824
Selling Rate	825

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

Former CBN Deputy Governor Advises Tinubu On How To Stabilize Naira

Former Deputy Governor of the Central Bank of Nigeria and the presidential candidate of the Young Progressives Party (YPP) in the 2019 presidential election, Kinglsey Moghlau has advised the President Bola Tinubu-led government on what to do to strengthen the country’s weak currency.

His remark comes as the country’s currency continues to experience an unprecedented dip in the FX market.

Naija News recalls that the Nigerian Naira earlier traded at the Forex market as high as ₦1,150 to a dollar on Monday. Many financial expert had tied the development to President Tinubu’s decision to float the country’s currency.

However, Mr Moghalu, in a tweet via his official X handle on Wednesday, advised the federal government to focus on foundational and structural issues that have adversely affected the country’s economy.