What is the black market exchange rate for the Dollar to Naira, also known as the parallel market rate (Aboki fx)? See the exchange rate for 25th January below. You can exchange your dollars for Naira at these rates.
How much is a dollar to naira today in the black market? The black market exchange rate for a dollar to naira in Lagos Parallel Market (Black Market) is N1400 for buying and N1410 for selling as of Thursday, 25th January 2024, according to sources at Bureau De Change (BDC).
Please be aware that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today:
– Buying Rate: N1400
– Selling Rate: N1410
Dollar to Naira CBN Rate Today:
– Buying Rate: 886
– Selling Rate: 887
Certainly, the information provided highlights the dynamic nature of foreign exchange rates, emphasizing that the rates for buying or selling forex can differ from those mentioned in the article due to market fluctuations.
Additionally, the World Bank’s projections indicate positive growth for the Nigerian economy. According to their most recent study, titled “Global Economic Prospect: Subdued Growth, Multiple Challenges,” Nigeria’s GDP is expected to increase by 3.7% in 2025. This represents a growth of 3.3% in the current year, up from a projected 2.9% in 2023.
The report attributes this growth to macro-fiscal reforms, which are expected to gradually bear fruit. The baseline forecast suggests that per capita income will return to its pre-pandemic level only in 2025, indicating a gradual recovery for the Nigerian economy.
