How much is the Dollar to Naira Exchange rate at the black market also known as the parallel market? You can swap your dollar for Naira at these rates.
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 N699 and sell at N702 on Friday, September 2, 2022, according to sources at Bureau De Change (BDC).
| Dollar to Naira (USD to NGN) | Black market dollar to naira |
| Buying Rate | 699 |
| Selling Rate | 702 |
Even though the dollar to naira opened in the parallel market at ₦702 per $1 today, Newsone reports that the Central Bank of Nigeria (CBN) does not recognise the parallel market, otherwise known as the black market. The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
Newsone Nigeria reports that on the black market, the players buy a dollar for N699 and sell for N702 on Friday, September 2, 2022, after they bought N698 and sold for N702 on Thursday, September 1, 2022.
Meanwhile, Newsone Nigeria reports that the USD started this week at ₦697 in Parallel Market also known as Black Market on Monday, August 22, 2022, in Lagos Nigeria, after it opened at ₦687 last week Monday, August 15, 2022.