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 3rd September, 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 N693 and sell at N697 on Saturday, 3rd September, 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 | 693 |
| Selling Rate | 697 |
The Central Bank of Nigeria (CBN) has revealed in its statistical report that there was a decline in crude oil revenue in the first quarter of 2022.
In the period under review, earnings from crude oil reportedly crashed by 29 per cent.
Naija News reports that the apex financial institute said in its latest economic and statistical report that in the first quarter of the year, earnings from crude oil plummeted to N790bn from N1.1trn recorded in the previous quarter.
Nigeria’s crude oil and gas earnings in the first quarter of 2022 were also 17.1per cent lower than the N956bn revenue recorded in the same period in 2021.
CBN said oil revenue for the first quarter of 2022 accounted for 38 per cent of the country’s gross revenue, which stood at N2trn in the period under review, while non-oil revenue, at N1.1trn, accounted for 62 per cent of total earnings.
In comparison, in the fourth quarter of 2021, oil revenue accounted for 46 per cent of gross revenue, the same as the first quarter of 2021.
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