CBN Naira To Dollar Rate, Black Market Rate Today 27th July 2023

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 26th July below. You can swap your dollar for Naira at these rates.

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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 N862 and sell at N870 on Wednesday, 26th July 2023, 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 N862
Selling Rate N870

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Concerns As Excess Crude Account Stands Still Despite NNPCL’s N907 Billion FAAC Remittance
Experts have raised concern following the discovery that the balance in the Excess Crude Account (ECA) has remained unchanged, with a balance of $474 million in the last two years despite the remittance of N907 billion to the Federal Account Allocation Committee (FAAC) by the Nigerian National Petroleum Company Limited (NNPCL).

Truetellls Nigeria understands that the NNPCL resumed remittances to FAAC in June 2023 after failing to do so due to huge fuel subsidy expenses.

However, in a document obtained by journalists at the end of the FAAC meeting for July 2023, the NNPCL said the balance in the excess crude account was $474 million as of June 2023, the same amount in the purse as of December 15, 2022, while it paid N907.054bn into the FAAC purse.