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Dollar to Naira Black Market: Buy #770 – Sell #775 |November 25

Published

1 year ago

November 25, 2022

What is the exchange rate between the dollar and the Nigerian naira on the black market, which is also known as the parallel market (Aboki fx). The Dollar to Naira exchange rate for today can be found below.

At these rates, you can exchange your dollar for Naira.
On the black market, how much is the dollar to naira today?

Dollar to naira exchange rate today black market (Aboki dollar rate):

Dollar to Naira exchange rate in Nigeria black market is between ₦770 and ₦775 today 25/11/2022

According to sources at the Bureau de Change (BDC), players at the Lagos Parallel Market (Black Market) buy a dollar for N770 and sell it for N775.
Please be aware that the parallel market (also known as the black market) is not recognized by the Central Bank of Nigeria (CBN), as the CBN has instructed individuals who wish to engage in Forex trading to contact their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	770
Selling Rate	775

Please keep in mind that because prices fluctuate, the rates at which you buy or sell forex may differ from those described in this article.
The Nigerian National Petroleum Company (NNPC) Limited has acquired OVH Energy Marketing (OVH), the owner and operator of the Oando-branded retail service stations. This move is in line with the company’s intention to act as a catalyst for significant improvement in the downstream oil and gas industry.
Over 380 new filling stations have been added to the NNPC Retail brand in Nigeria and Togo as a result of the acquisition, making it the largest petroleum product retail network in Africa.
Margery Okadigbo, Chairman of NNPC Limited, maintained that the move was intended to strengthen the company’s portfolio of downstream businesses in order to enhance profitability and ensure national energy security when the national oil company made the announcement of the acquisition yesterday in Abuja.
In addition, the reception jetty (ASPM) with a monthly capacity of 240,000 MT, eight LPG (Liquefied Petroleum Gas) plants, three lubes blending plants, three aviation depots, and twelve warehouses were acquired by NNPC as part of an Accelerated Network Expansion Initiative.

Dollar to Naira Black Market Exchange Rate Today | USD to Naira

Dollar to Naira Black Market rate – Here is the current USD to Naira rate today. See CBN & black market exchange rate for dollar to naira aboki fx. You change your USD to naira at these rate or convert dollar to naira at the latest black market rate or parallel market.

So many Nigerians prefer to exchange their foreign currencies especially the US Dollars to naira using the black market because the exchange rate is very high compared to what the bank offers. If you want to know the current black market rate, here is the page to find that.

Aboki fx dollar to naira exchange rate has also been added here so you can easily verify each of the rate for the currencies you want to exchange in the parallel markets. Aboki fx is the most trusted source for black market dollar to naira rate today. You can find their exchange rate for today here.

Dollar to Naira Black Market Rate Today

Dollar to Naira (USD to NGN)	Black Market Exchange Rate Today
Buying Rate	770
Selling Rate	775

What is the current dollar to naira exchange rate in parallel market? Well, it may interest you to know that Dollar to Naira rate in the black market sometimes varies hugely from the rate in Central Bank of Nigeria website (www.cbn.gov.ng).

The price listed above is the current USD to Naira exchange rate. We will always update the latest rate on a daily basis to keep you informed. Dollar to Naira Exchange Rate is the current exchange equivalent of the United States Dollar. Rate varies for various banks and parallel markets.

How Much is Dollar to Naira Official Exchange Rate Today

Parallel exchange rate (black market) exchange rate is always different from CBN rate. Currently, Naira is trading at ** Naira Per Dollar. The Nigerian Economy is drastically affected by the Dollar to Naira exchange rate.

As Naira is falling, inflation takes over the economy which usually affects the citizens. Central Bank Governor, Godwin Emefiele has said that the Nigerian Economy needs a massive turnaround and has urged Nigerians to work towards it.

The black market commonly referred to as Aboki market rate for dollars is usually higher than the exchange rate at the banks which is usually regulated by the Central Bank of Nigeria (CBN). The CBN Exchange rate is the rate you can buy or sell dollars for naira listed on CBN dollar to naira website cbn.gov.ng.

Dollar to Naira bank rate is the rate you use when purchasing something from foreign websites using your Naira Mastercard or Debit card from Nigerian Banks. These rate normally would always be lower than what is obtainable in the black market.

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What’s your Opinion on Dollar to Naira Black Market Exchange Rate Today, let us know what you think and how the Government can work with the CBN to provide reasonable USD to naira rates in the future.