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 12th March, 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 N1600 and sell at N1615 on Tuesday 12th March 2024, 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 | N1600 |
| Selling Rate | N1615 |
| Dollar to Naira (USD to NGN) | CBN Rate Today |
| Buying Rate | 1488 |
| Selling Rate | 1489 |
Nigeria’s Gross Domestic Product (GDP) expanded by 3.46 per cent in the fourth quarter (Q4) of 2023.
This was revealed by the National Bureau of Statistics (NBS) in its latest report stating that the growth rate was slightly lower than the 3.52 per cent growth seen in the same quarter last year but higher than the 2.54 per cent growth recorded in the second quarter (Q2) of 2023.
The NBS revealed these findings in its Q4 GDP report released on Thursday, attributing the growth primarily to the services sector, which experienced a 3.98 per cent increase.
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