Black Market Dollar To Naira Exchange Rate Today 6th 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 5th 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 N1180 on Sunday 5th 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	N1180

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	782
Selling Rate	783

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

FG Gives BUA Deadline To Submit Tax Documents Days After Reducing Cement Price

The Nigerian Government has through the Federal Inland Revenue Service (FIRS) served BUA Industries Limited a seven day ultimatum to remit and also produce certain tax documents.

The development is coming a few weeks after BUA Cement PLC made headlines when it announced the reduction of the price of its cement to ₦3,500 per bag from about ₦5,000.

The company had announced that the new price regime would take effect from Monday, October 2, 2023.

In a new twist, however, the FIRS has asked the company to reconcile with the government or pay N198.7 billion arising from non-compliance with income tax laws and VAT returns remittance.

Naija News learnt that the said tax liability is for 2022.

A letter addressed to the Managing Director of BUA Industries Limited with reference number BBMSTO/RPP/22380531-0001 from Bar Beach Micro and Small Tax Office said the failure of the company to provide the documents requested would force the service to apply the provisions of Section 65 (1) of CITA and Section 18 of the VATA to compute tax attached.