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 N750 and sell at N754 on Sunday, 12 February 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 (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N750 |
| Selling Rate | N754 |
The exchange rate between the Naira and the US dollar, according to the data posted on the Central Bank of Nigeria (CBN) Currency Exchange Rate where forex is official.
| Date | Currency | Buying(NGN) | Central(NGN) | Selling(NGN) |
|---|---|---|---|---|
| 2/9/2023 | US DOLLAR | 458.99 | 459.99 | 460.99 |
| 2/9/2023 | POUNDS STERLING | 557.8105 | 559.0258 | 560.2411 |
| 2/9/2023 | EURO | 493.965 | 495.0412 | 496.1174 |
| 2/9/2023 | SWISS FRANC | 499.1192 | 500.2066 | 501.294 |
| 2/9/2023 | YEN | 3.5051 | 3.5127 | 3.5204 |
| 2/9/2023 | CFA | 0.7364 | 0.7464 | 0.7564 |
| 2/9/2023 | WAUA | 615.0608 | 616.4009 | 617.7409 |
| 2/9/2023 | YUAN/RENMINBI | 67.7027 | 67.8507 | 67.9986 |
| 2/9/2023 | SOUTH AFRICAN RAND | 25.9475 | 26.004 | 26.0605 |
| 2/9/2023 | DANISH KRONA | 66.3597 | 66.5043 | 66.6488 |
Even though the dollar opened in the parallel market for ₦754 per $1, the CBN does not recognise the parallel market, otherwise known as the black market.
The apex bank has therefore directed anyone who requires forex to approach their bank, insisting that the I&E window is the only known exchange.
“The only exchange rate remains the I&E window, which is the market we expect everybody who wishes to procure or sell forex to get it,” said the CBN Governor, Godwin Emefiele.
“I am sorry to say that I do not, and I do not intend to recognise any FX in the market.
“Go to your bank. Even if your limit is above what the bank is selling, put it forward, and we will look into it. If you want to sell the dollar, go to your bank and sell it,” the CBN Governor said during a press briefing on September 17, 2021.
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