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 13th August, 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 N660 and sell at N700 on Saturday, 13th August, 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 | 660 |
| Selling Rate | 700 |
Data released by the Organisation of Petroleum Exporting Countries on Thursday showed that Nigeria’s crude oil production plunged by 2.3 million barrels in July 2022 when compared to what the country produced in the preceding month of June.
OPEC, in its latest Monthly Oil Market Report for August 2022, stated that crude oil production figures based on direct communication, indicated that Nigeria’s output dropped by an average of 74,000 barrels per day in July.
This implies that for the 31 days in July, the country lost about 2.3 million barrels of crude oil.
According to OPEC, the average cost of Brent crude, the global benchmark for oil, during the month under review was $105.12/barrel.
By losing 2.3 million barrels in July this year, it means Nigeria’s oil earnings fell by about $241.1m or N101.13bn (at the official exchange rate of N419.37/$) in the month under review.
Data from OPEC showed that Nigeria’s oil production in June 2022 was 1.158 million barrels per day, but this dropped to 1.084 million barrels per day in July.
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