Black Market Dollar To Naira Exchange Rate Today 30th 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 29th 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 N785 and sell at N800 on Saturday 29th 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 | 785 |
| Selling Rate | 800 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Civil Society Condemns CBN’s New Naira Notes
The Civil Society Legislative Advocacy Centre (CISLAC) has condemned the Central Bank of Nigeria’s (CBN) plans to redesign 200, 500, and 1,000 naira notes. According to them, considering the current challenges facing Nigeria’s economy, redesigning the naira notes isn’t an economic priority at this time. Naija News reports that the Director of CISLAC, Auwal Musa, who shared the society’s view on the development in a statement said there are more things the CBN needs to do to revive the country’s economy than changing the naira notes. Musa described the move as a misplaced priority based on the reactions of Nigerians. The CISLAC director advanced that the CBN should direct its strength to guard the country’s foreign exchange reserves against external outflows and also make forex accessible to ordinary Nigerians who genuinely and legitimately need it. He added that the huge blow to foreign direct investment amounts to the inability of the apex bank to do its job effectively.
This article was originally published on Naija News