Black Market Dollar To Naira Exchange Rate Today 9th July 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 8th July, below. You can swap your dollar to Naira at these rates.

How much is dollar to naira today in 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 N590 and sell at N615 on Friday, 8th July, 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
590

Selling Rate
615

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.

FG Eyes 70% Capital Stock, $150bn Annually To Bolster Infrastructure

The Federal Government has reiterated its commitment to reviving the nation’s economy through adequate infrastructure.

This is as the government eyes 70% capital stock and $150bn annually to close the country’s yawning infrastructure gap, Naija News reports.

Speaking yesterday during the formal launch and presentation of the reviewed NIIMP in Abuja, Minister of State for Budget and National Planning, Prince Clem Agba, said the country currently lacks adequate infrastructure but hopefully things will get better with the Reviewed National Integrated Infrastructure Master Plan (NIIMP) and the newly approved National Development Plan (2021-2025).

Agba acknowledged that the current yearly budgetary allocation available to fix and upgrade the nation’s infrastructure was too insignificant to meet the $150bn target required yearly for the National Integrated Infrastructure Master Plan.

The nation’s infrastructure stock according to the NIIMP currently is between 30-35 percent of the GDP in 2020. This was, however, far from the estimated target of 70 per cent envisaged in 2043.

He said there was no doubt that the estimated resource requirement of $2.3 trillion for the National Integrated Infrastructure Master Plan implementation was enormous and tasking, stressing the need for the private sector to get involved.