Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 17th November 2024
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 November, below. You can swap your dollar for Naira at these rates.
How much is a dollar to naira today in the 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 N1740 and sell at N1745 on Saturday 16th November 2024, 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 | N1740 |
| Selling Rate | N1745 |
Dollar to Naira CBN Rate Today
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | N1657 |
| Selling Rate | N1658 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigeria’s Inflation Rises To 33.88%
The surge in food and fuel prices has driven Nigeria’s inflation rate to 33.88% in October 2024, up from 32.70% in September, according to the latest report from the National Bureau of Statistics (NBS).
The NBS released its Consumer Price Index and Inflation report for October on Friday, revealing that the month-on-month headline inflation rate stood at 2.64%.
Food inflation also recorded a significant increase, rising to 39.16% in October compared to 37.77% in the previous month.
Earlier in the week, the Central Bank of Nigeria’s Inflation Expectation Survey had forecasted a rise in the nation’s inflation rate, which has now been confirmed.
Naija News reports that energy costs have seen a sharp increase during the period under review. Petrol prices soared to over ₦1,030 per litre in October, up from ₦617 per litre recorded in August 2024.
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