Black Market Dollar To Naira Exchange Rate Today 20th January 2024

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 January, 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 N1350 and sell at N1360 on Friday 19th January 2024, 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	N1350
Selling Rate	N1360

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	890
Selling Rate	891

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

CBN Pays $2 Billion To Clear FX Backlog

The Central Bank of Nigeria (CBN) has disbursed around $2 billion across multiple sectors, such as manufacturing, aviation, and petroleum, to address the backlog of outstanding foreign exchange liabilities.

Additionally, the apex bank stated that it has successfully settled the complete liabilities of 14 banks and initiated settlements with foreign airlines.

In Abuja on Wednesday, the Acting Director of the Corporate Communications Department at the CBN, Hakama Sidi Ali, revealed that the bank had initiated an independent forensic review by a reputable firm.

Sidi Ali also mentioned that the payment process for the forex backlog related to eligible transactions had commenced.