Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 7th March 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 6th March, 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 N1600 and sell at N1610 on Wednesday 6th March 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	N1600
Selling Rate	N1610

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	1590
Selling Rate	1591

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

CBN Slashes FX Duty Rates

The Central Bank of Nigeria (CBN) has slashed the exchange rate used to calculate import duties.

The rate was slashed by 5.3%, Naija News understands.

The development was posted on the official trade portal of the Nigeria Customs Service.

The reduction comes after a period of relative stability in the exchange rate between the Naira and the United States dollar.

Naija News reports that the rate for calculating customs duties was ₦1,544.081 per dollar as at yesterday. This translates to a 5.3 percent decrease compared to the previous rate of ₦1,630.159 to a dollar used on Friday