Black Market Dollar To Naira Exchange Rate Today 17th January 2024

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 16th January, below. You can swap your dollar for Naira at these rates.

How much is a dollar to naira today in the black market?

Dollar to naira exchange rate today black market (Aboki dollar rate):

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1310 and sell at N1320 on Tuesday 16th January 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 Black Market Rate Today

Dollar to Naira CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.

Naira Exchanges For N1,280/$ At Parallel Market

The Nigerian currency experienced mixed outcomes in different foreign exchange markets on Monday, with the Naira trading at N1,280 against the US dollar in the physical black market, a slight depreciation from N1,260 last week.

In contrast, the Nigerian Autonomous Foreign Exchange Market (NAFEM) saw the Naira gain strength, closing at N838.95 to the dollar, an improvement from the previous Friday’s rate of N890.54/US$1.

Throughout the past week, the Naira’s value fluctuated significantly, hitting a weekly low of N1089.51/US$1 on Tuesday and a high of N856.57/US$1 on Monday.

This volatility reflects the ongoing challenges in stabilizing the Naira’s value in the face of economic pressures.

In the Peer-to-Peer (P2P) market, often utilized by crypto traders, retail investors, and speculators, the Naira was valued at approximately N1272/$ in the early hours of Monday, dropping from the weekend’s rate of N1255/$.