Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 12th 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 11th 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 N1145 and sell at N1150 on Thursday 11th 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	N1145
Selling Rate	N1150

Dollar to Naira CBN Rate Today

Dollar to Naira (USD to NGN)	CBN Rate Today
Buying Rate	N1246
Selling Rate	N1247

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

Customs FX Rate For Import Duties Drops To N1238/$

The Nigeria Customs Service (NCS) has revised the foreign exchange (FX) rate applicable to customs duties, a significant move that aligns with the Central Bank of Nigeria’s (CBN) ongoing efforts to stabilize the naira.

The new rate, set at ₦1,238.17 per dollar, marks a 6.8 per cent reduction from the previous rate of ₦1,246.66 per dollar as of April 8.

This adjustment was recorded yesterday, positioning the customs FX rate below the official rate that closed at ₦1,248.5 per dollar on Tuesday at the Nigerian Autonomous Foreign Exchange Market (NAFEM).

The decrease in the FX rate for customs tariffs is viewed as part of a broader strategy to enhance the financial landscape, especially in the wake of the CBN’s proactive measures to fortify the national currency.

On Monday, the CBN announced a new policy in its forex sale to Bureau de Change (BDC) operators, setting the rate at ₦1,101 per dollar.

This move represents a significant shift from the ₦1,251 per dollar rate established on March 25, signalling the apex bank’s determination to control currency fluctuation and bolster the naira’s value.