What is the current black market exchange rate – also known as the parallel market, or Aboki FX – between the US dollar and the Nigerian naira? View the October 17th black market exchange rate between dollars and naira below. You can choose to use these rates to convert your dollars into naira.
How much is a dollar to naira today in the black market?
Dollar to naira exchange rate today black market (Aboki dollar rate):
According to information from Bureau De Change (BDC) sources, people trading foreign exchange were allegedly buying US dollars for N1050 and selling them for N1060 on Tuesday, October 17, 2023, in the Lagos Parallel Market.
It is significant to emphasize that the black market, or parallel market, for foreign exchange transactions is not recognized or supported by the Central Bank of Nigeria (CBN). The CBN has directed everyone interested in trading forex to get in touch with their respective banks.
Dollar to Naira Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N1050 |
| Selling Rate | N1060 |
Because prices are subject to change, please be advised that the foreign currency rates you see while buying or selling forex may differ from those in this article.
On Friday, the Federal Government declared that Nigeria was now producing about 1.7 million barrels of oil a day. Compared to the 1.1 million barrels per day that were reported in August 2023, this is a significant rise.
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, expressed optimism at this breakthrough, emphasizing that higher output will result in higher national revenue.
The minister made this point clear to reporters on Friday when he spoke to them in his Abuja office: although other non-oil industries are prospering, Nigeria still greatly depends on oil money, and the national budget is determined by the expenses and data related to oil production.
