Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 5th April 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 4th April, 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 N1245 and sell at N1255 on Thursday 4th April 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	N1245
Selling Rate	N1255

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	N1259
Selling Rate	N1260

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

Naira Appreciates To ₦1,240/Dollar In Parallel, Official Markets

At the close of trading on Wednesday, Nigeria’s currency, the naira appreciated to ₦1,240 per dollar at the parallel section of the Foreign Exchange (FX) market.

Naija News understands that the current FX rate signifies an increase of 0.80 percent from the ₦1,250/$ reported on April 1.

Currency traders, also known as street traders, in Lagos, quoted the buying rate of the local currency at ₦1,220 and the selling rate at ₦1,240.

At the official window, the local currency appreciated by 1.25 percent against the dollar from ₦1,278.58 on April 2 to close at ₦1,262.85 on Wednesday.

During trading hours in the official window, a dollar was sold as high as ₦1,296 and at a low rate of ₦1,210, according to FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM).

The daily foreign exchange market turnover was $166.18 million.

With the current figures at both FX markets, the official market rate surpasses the parallel market rate by N22.85.