Naira To Dollar Black Market Rate Today 16th August 2023

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 15th August 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 N940 and sell at N945 on Tuesday, 15th August 2023, 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

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

Forex Crisis: Nigerians Should Brace Up For New Price Regime, As Fuel Might Sell For N720/litre

Nigerians have been told to brace for a new pricing regime for Premium Motor Spirit, popularly called petrol, in the coming weeks.

This is due to the ongoing forex crisis, as the naira is selling at over 945/dollar at the parallel market on Friday.

Oil marketers on Sunday revealed that petrol might sell between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market.

Marketers said the CBN Importers and Exporters’ official window for foreign exchange, which boasts of a lower exchange rate of about $740/litre, had remained illiquid and unable to provide the $25m to $30m required for the importation of PMS by dealers.