Dollar to Naira Exchange Rates
Black Market Dollar To Naira Exchange Rate Today 20th 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 19th 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 N1130 and sell at N1135 on Sunday 19th 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 | N1130 |
| Selling Rate | N1135 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | 839 |
| Selling Rate | 840 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
CBN Speaks On Monetary Reforms Yielding Positive Results
The Central Bank of Nigeria (CBN) said its monetary policy reforms are beginning to yield results and positively affect the economy.
The Director of the Corporate Communications Department of the CBN, Isa AbdulMumin, stated this in a statement on Thursday while reacting to the just-released inflation rate for October.
Recall that the National Bureau of Statistics (NBS), in a report on Wednesday, disclosed that inflation accelerated to 27.33 per cent in October, a slight increase from September’s 26.72 per cent.
The report, however, further detailed that food inflation dropped by 0.54 per cent, standing at 1.91 per cent against the 2.45% recorded in September.
Reacting to the inflation report, the CBN spokesman emphasised that the current inflation rate underscored the gradual influence of the CBN’s money market reforms on the economy.
