Black Market Dollar To Naira Exchange Rate Today 30 April 2022
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 26th April, 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 N570 and sell at N586 on Tuesday, April 26th 2022, 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 | 570 |
| Selling Rate | 586 |
Foreign currency reserve base in banks in Nigeria are currently battling Dollar scarcity as the country prepares for its general elections in 2023.
A source in one of the new generation banks who spoke with Daily Sun disclosed that the scarcity of Dollar may not be unconnected with the National Convention of the All Progressives Congress and the Peoples Democratic Party where they would pick their presidential candidate.
Exchange rate of Naira and US Dollar last week at the official Investors and Exporters (I&E) window closed at N419.5/$1
The downturn in the market is following the drop in the amount of dollar supply in the market.
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