Black Market Dollar To Naira Exchange Rate Today 29th October 2022
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 28th October, 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 N765 and sell at N775 on Friday 28th October 2022, 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 | 765 |
| Selling Rate | 775 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
FG, States, LGs Share N700bn In September
The sum of N700.235bn has been shared between the three tiers of government by the Federation Account Allocation Committee as federation allocation for the month of September 2022. The amount disbursed to the tiers of government was inclusive of Gross Statutory Revenue, Value Added Tax, and Electronic Money Transfer Levy. From the allocation, Federal Government received N262.636bn, the states received N217.191bn, the Local Government Councils got N160.416bn, while the oil-producing states received N59.992bn as derivation, (13 percent of mineral revenue). The Federation Account Allocation Committee in a statement released at the end of the meeting indicated that the Gross Revenue available from the Value Added Tax for September 2022 was N189.928bn which is a decrease distributed in the preceding month. The distribution is as follows; Federal Government got N28.489bn, the states received N94.964bn, and Local Government councils got N66.475bn. Accordingly, the gross statutory revenue of N502.135bn distributed was higher than the sum received in the previous month, from which the Federal Government was allocated the sum of N232.921bn, States got N118.141bn, LGCs got N91.081bn, and Oil Derivation (13 per cent mineral revenue) got N59.992bn.
This article was originally published on Naija News