Black Market Dollar To Naira Exchange Rate Today 13th 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 12th 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 N1125 and sell at N1135 on Sunday 12th 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	N1125
Selling Rate	N1135

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	964
Selling Rate	965

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

Naira To Dollar: CBN Moves Against Dollar Speculators, Hoarders

The Central Bank of Nigeria (CBN) has vowed to go after currency hoarders and speculators benefiting from the FX round tripping under the last administration and are currently fighting the system.

The politically exposed persons’ activities are allegedly contributing to the depreciation of the naira against major foreign currencies.

Naija News reports that the government’s efforts to stop the depreciation of the naira received a significant boost in the last two weeks when the naira appreciated significantly.

During the period, the naira appreciated, and many Nigerians were happy, with some commending the CBN for strengthening the naira. Those unhappy during the period were speculators and hoarders who lost a lot of money.