Black Market Dollar To Naira Exchange Rate Today 3 May 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 2nd May, 2022 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 N570 and sell at N580 on Monday, 2nd May, 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
570

Selling Rate
580

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

Nigeria’s Inflation Rate May Hit 16.1% In 2022 – IMF

The International Monetary Fund (IMF) has disclosed that Nigeria’s Consumer Price Index (CPI) may hit 16.1 percent in 2022.

Naija News understands that the projected percentage will be the highest in the country since October 2021 when it was 16.63 per cent.

The IMF made this known in its Regional Economic Outlook report for Sub-Saharan Africa released last week, which was published on its website.

According to the IMF, the inflation rate would drop to 13.1 percent by 2023, adding that the effects of inflation would be catastrophic if not tackled.