Black Market Dollar To Naira Exchange Rate Today 18th 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 17th 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 N1137 and sell at N1140 on Friday 17th 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	N1137
Selling Rate	N1140

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	826
Selling Rate	827

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

World Bank Disburses $300 Million Palliative Loans

The World Bank has started paying the authorized $800 million for the National Social Safety Net Program-Scale Up.

Naija News learnt on Wednesday that approximately $299.99 million has been disbursed to Nigeria under the approved National Social Safety Net Programme-Scale Up, which the World Bank sanctioned on December 16, 2021.

Documents from the World Bank confirmed the recent payment, indicating that about 37.5 percent of the total loan has been disbursed, leaving a remaining balance of approximately $442.88 million.

The $800 million social safety net program involves conditional cash transfers and is slated to be executed by the Federal Ministry of Humanitarian Affairs & Poverty Alleviation. The aim is to implement a monthly cash transfer program for economically disadvantaged Nigerians who have been adversely affected by recent policies, such as the removal of the fuel subsidy.

In October 2023, President Bola Tinubu officially launched the promised conditional cash transfer program, targeting 15 million households nationwide to receive N75,000 within three months.

The document also reveals that the Federal Government is currently in the process of engaging the services of a consulting firm to assist in upgrading the system for the cash transfer program.