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 19th April, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N745 and sell at N750 on Wednesday 19th April 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 | N745 |
Selling Rate | N750 |
The Petroleum Industry Act (P.I.A) has been described as the biggest achievement of President Muhammadu Buhari-led administration in the country’s energy sector.
Naija News gathered that the president himself disclosed that the PIA remains his greatest achievement in the energy sector.
According to him, “The Petroleum Industry Act (P.I.A) remains our biggest achievement in the energy sector. For decades, we were told that because of the various vested interest, it would be near impossible to pass the Bill.
“But we made it happen. What we did with the P.I.A., you will all agree with me, was simply revolutionary. And we did not rest on our oars with the enactment of the Act. We moved swiftly into action, scrapped the existing agencies and replaced them with New Regulators; the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
“The Nigerian National Petroleum Company (NNPC) was immediately transformed to a limited liability, the NNPC Ltd with a new brand identity and it is on course to becoming the biggest, most capitalized and most profitable company in the whole of Africa.”
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