Black Market Dollar To Naira Exchange Rate Today 17th February 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 16th February, 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 N1645 and sell at N1655 on Friday 16th February 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	N1645
Selling Rate	N1655

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	1492
Selling Rate	1493

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

Nigeria’s Inflation Surges Further Hits 29.90 Per Cent In January

The National Bureau of Statistics (NBS) has revealed that the country’s inflation surged further in January 2024, hitting 29.90 per cent from the 28.92 per cent recorded in December 2023.

Naija News reports that in its latest Consumers Price Index report released on Thursday, the statistics bureau detailed that the January increase was 0.98% higher than the 28.92 rate point recorded in December 2023.

On a year-on-year basis, the country’s inflation rate rose by 8.08 per cent from 21.82 per cent recorded in January 2023 to 29.90 per cent recorded in January 2024.

The NBS report detailed that “In January 2024, the headline inflation rate increased to 29.90% relative to the December 2023 headline inflation rate which was 28.92%. Looking at the movement, the January 2024 headline inflation rate showed an increase of 0.98% points when compared to the December 2023 headline inflation rate. Similarly, on a year-on-year basis, the headline inflation rate was 8.08% points higher compared to the rate recorded in January 2023, which was 21.82%.

“This shows that the headline inflation rate (year-on-year basis) increased in January 2024 when compared to the same month in the preceding year (i.e., January 2023). Furthermore, on a month-on-month basis, the headline inflation rate in January 2024 was 2.64%, which was 0.35% higher than the rate recorded in December 2023 (2.29%). This means that in January 2024, the rate of increase in the average price level is more than the rate of increase in the average price level in December 2023.”