Black Market Dollar To Naira Exchange Rate Today 10th 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 9th 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 N610 on Saturday, 9th 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
610

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

Oil Marketers, Depot Owners Clash Over 16.6bn Litre Alleged Fuel Diversion

Oil marketers and depot owners have clashed over allegations of diversion of 16.6 billion litres of fuel to neighbouring countries.

It was learned that the unabated fuel scarcity was partly due to the alleged diversion of products to neighbouring countries by marketers.

A top official of the Depots and Petroleum Products Marketers Association of Nigeria (DPPMAN) in a chat with The Punch alleged that about 46 million litres of petrol are being diverted daily.

He added that about 16.6 billion litres are allegedly being diverted annually, adding that Nigeria consumes 60 million litres of petrol daily.

“We had a meeting with the PPMC some weeks ago, and part of the complaints was that the volume we load is too high, forcing them to reduce the volume they give to us. From their records, they said marketers loaded 106 million litres per day as of April.

“Nigeria consumes 60 million litres per day, where are the remaining litres of fuel going? They are taken outside the country. That’s a product Nigeria is paying heavily to subsidise, and marketers are busy taking it out and denying Nigerians full benefits of what they pay for,” he said.