What is the black market exchange rate for the Dollar to Naira, also known as the parallel market rate (Aboki fx)?
See the black market Dollar to Naira exchange rate for January 20th below. You can exchange your dollar for Naira at these rates.
How much is a dollar to naira today in the black market? The Dollar to Naira exchange rate today in the black market (Aboki dollar rate) is as follows: At the Lagos Parallel Market (Black Market), individuals can buy a dollar for N1345 and sell it at N1350 as of Saturday, January 20, 2024, according to sources at Bureau De Change (BDC).
It’s important to note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market) and directs individuals interested in Forex transactions to approach their respective banks.
Dollar to Naira Black Market Rate Today:
– Buying Rate: N1345
– Selling Rate: N1350
Dollar to Naira CBN Rate Today:
– Buying Rate: 890
– Selling Rate: 891
Please note that the rates at which you buy or sell forex may differ from those captured in this article due to varying prices.
Subsidy Removal: Fuel Price Rises By 225.85 Per Cent In One Year – NBS Reveals
The National Bureau of Statistics (NBS) has disclosed that the pump price of fuel increased by 225.85 percent to N671.86 per litre in December 2023, up from N206.19 in December 2022.
Naija News reports that the statistical bureau revealed this information in its Premium Motor Spirit (Petrol) price watch for December 2023, stating that the N671.86 price reflected a 3.53 percent increase from the N648.93 sold in November.
According to the statistics bureau, petrol was sold at the highest price in Ogun State at N776.54, with Taraba and Adamawa following closely with pump prices of N760.00 and N745.71, respectively.
The report read, “The average retail price paid by consumers for Premium Motor Spirit (Petrol) for December 2023 was N671.86, indicating a 225.85% increase when compared to the value recorded in December 2022 (N206.19). Likewise, comparing the average price value with the previous month (.i.e. November 2023), the average retail price increased by 3.53% from N648.93. On State profile analysis, Ogun State had the highest average retail price for Premium Motor Spirit (Petrol), at N776.54, Taraba and Adamawa States were next, with N760.00 and N745.71, respectively.
“On the other side, Kano, Lagos, and Borno States had the lowest average retail prices for Premium Motor Spirit (Petrol), at N602.78, N612.72, and N622.71, respectively. Lastly, on the Zonal profile, the North East Zone had the highest average retail price of N699.82, while the North Central Zone had the lowest price of N657.69.”
