Black Market Dollar To Naira Exchange Rate Today 17th 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 16th 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 Saturday, 16th 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.

Debt, Inflation Pushing Nigeria’s Economy, Others To The Limit — IMF

The International Monetary Fund (IMF) has said inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies to the brink.

The Managing Director of the IMF, Kristalina Georgieva, disclosed this in a report titled, ‘Facing a Darkening Economic Outlook: How the G20 Can Respond,’ released on the IMF’s website on Wednesday.

She said ministers of finance and central bank governors on the continent disclosed this to her this week.

Georgiva added that most countries on the continent could raise money from the global financial markets and do not have large domestic markets to turn to.