Looking to find out the current exchange rate between the US Dollar and the Nigerian Naira on the black market? Commonly referred to as the parallel market or Aboki fx, where unofficial currency exchanges occur. Let’s look at the Dollar to Naira exchange rate for the 7th of October, 2023. Feel free to convert your dollars to Naira using the rates provided.
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How much is a dollar to Naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
On Saturday, the 7th of October 2023, the Lagos Parallel Market, also known as the Black Market, reported an exchange rate of ₦990 to a dollar for buying and ₦995 for selling. These figures are based on information obtained from Bureau De Change (BDC) sources.
It’s important to note that the Central Bank of Nigeria (CBN) does not recognize or endorse the parallel market. Instead, the CBN advises individuals seeking foreign exchange to approach their respective banks for official transactions.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | ₦990 |
| Selling Rate | ₦995 |
Please note that the rates you buy or sell forex may differ from what is captured in this article because prices vary.
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