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 3rd 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 N747 on Monday 3rd 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 | N747 |
The Central Bank of Nigeria (CBN) has revealed that the country’s external reserves fell by $1.46bn between January and March.
According to figures released by the apex bank’s data on the movement of external reserves on Sunday, showed that the reserves ended February 27, 2023, at $36.67bn.
Figures obtained from the CBN also showed that the reserves, which stood at $36.99bn as of the end of January 1, 2023, fell to $35.53bn as of the end of March 30, 2023.
At the last Monetary Policy Committee in Abuja in March, the Governor of the CBN, Godwin Emefiele, attributed the decline in the external reserves to the fall in crude oil prices.
He said: “The committee, however, noted the marginal decline in the level of gross external reserves to $36.13bn in February 2023, from $36.4bn in January 2023, a decrease of 0.7 per cent, reflecting the downtrend in crude oil prices, as global uncertainties persist.”
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