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 29th December, 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 N738 and sell at N748 on Thursday 29th December 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 Black Market Rate Today
| Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
| Buying Rate | N738 |
| Selling Rate | N748 |
Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Nigeria’s Oil Revenue To Dwindle – IMF Warns
Nigeria and other oil-producing countries in Sub-Saharan Africa are to expect dwindling oil revenues in the coming years as the world transitions from fossil fuels to cleaner energy, the International Monetary Fund says in a new report.
In a new report titled “Savings from Oil Revenues Could Help Africa’s Producers Manage Price Swings,” the fund urge oil exporters in sub-Saharan Africa should target buffers of around 5 to 10 per cent of gross domestic product to manage large swings in oil prices.
According to the report, most oil exporters in the region have not accumulated enough savings to insure against unpredictable oil price changes.
It added that sovereign wealth funds in sub-Saharan Africa hold assets of just 1.8 per cent of gross domestic product, compared to 72 per cent in the Middle East and North Africa, forcing countries to borrow or draw down financial assets whenever oil prices fall.
