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 9th October, 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 N733 and sell at N740 on Sunday, 9th October 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|
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices varies.
The Deputy President of the Lagos Chamber of Commerce and Industry (LCCI) Gabriel Idahosa, has criticised the Federal Government’s decision to retain fuel subsidy in the 2023 budget.
This is against the backdrop that lawmakers on Friday approved N1.7 trillion for payment of subsidy on Premium Motor Spirit (PMS) popularly known as petrol, as against the proposed N3.6 trillion meant to span till June 2023.
In a chat with The Punch, Idahosa said fuel subsidy should have ended by January this year, therefore it wasn’t expected to be added to the 2023 budget.
He said the government is staring down another difficult race with regard to financing a budget that is far above its expected revenue.
Idahosa however opined that the N1trillion allocated to the Police Service Commission was grossly insufficient and would mean an understaffed police force incapable of addressing the nation’s mounting security crisis.
Also speaking, the Director-General, of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Olusola Obadimu, described the budget proposals as unhealthy for the productive sector.
He noted that the Federal Government’s plan to borrow N8.4tn while projecting debt servicing at N6.3tn would translate to merely borrowing to service existing debts.