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 21st February, 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 N765 and sell at N770 on Tuesday 21st 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 | N765 |
| Selling Rate | N770 |
A report released by the National Bureau of Statistics has shown that many Nigerians are still paying far above N185 per litre approved pump price of petrol amid fuel scarcity.
Members of the Major Oil Marketers Association of Nigeria, and NNPCL Retail outlets, sold the product at N185 per litre to consumers, while members of the Independent Petroleum Marketers Association of Nigeria on the other hand, sold PMS between N200 and N250 per litre.
The NBS, however, in its Premium Motor Spirit (petrol) price watch for January 2023 stated that on average, Nigerians paid the sum of N257.12 per litre for the product.
The report noted that the average price in January 2023 was an annual increase of 54.52 per cent and a monthly increase of 24.70 per cent.
The report reads, “The average retail price paid by consumers for Premium Motor Spirit (Petrol) for January 2023 was N257.12, indicating a 54.52 per cent increase relative to the value recorded in January 2022 (N166.40).
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