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 20th May, 2022 below. You can swap your dollar to Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N580 and sell at N603 on Friday, 20th May, 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 | 580 |
| Selling Rate | 603 |
Truetells Nigeria learned that the state oil company has made a mouth-watering offer to ExxonMobil in an attempt to acquire the assets.
ExxonMobil had announced that Seplat Energy has agreed to purchase its complete shares in Mobil Producing Nigeria Unlimited (MPNU), subject to regulatory approval.
Also, Seplat Energy Plc on February 25 announced an agreement to acquire the entire share capital of MPNU, a subsidiary of ExxonMobil.
On March 4, the NNPC Group Managing Director, Mele Kyari, in a letter addressed to ExxonMobil said the national oil company has opted to exercise its right of first refusal in the deal as contained in the Joint Operating Agreement (JOA).
The Nigerian National Petroleum Corporation (NNPC) is reportedly set to stop the sale of ExxonMobil shares worth $1.583 billion to Seplat Energy Plc.
Reacting to the development, the Chief Financial Officer of Seplat, Emeka Onwuka, said the proposed deal had not been blocked or terminated by NNPC as widely reported.
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